why bitcoin mining difficulty is increased?

[DeadCoin]

why bitcoin mining difficulty is increased?

I just want to knows that why the bitcoin mining difficulty level is increased and i am afraid of the life of future miners.Maybe in future the miners electricity will cost more than our rewards because of the difficulty level.

When number of users mining on one coin increases, the difficulties increase. I could see, day by day the mining platform is expended and the difficulties increases. We can better skip mining from one coin to other depending upon the availability and profits. I do mine BTC, ZCASH, ETH and DASH from CPU. I switch over from one to the other coin. Receive enough profits.

Do we have any other ways to reduce this difficulties. I would be happy to hear from my folks here.

[1713585978]

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[1713585978]

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[Hannahanto]

Traffic on a same coin would cause difficulties. People tend to mine the coins which do have high values in the current market. This causes too much difficulties. So always, set the system mined on different coins switching over to other one automatically. Linux platform would be more convenient for mining with a rig containing CPU, MB and GCs.

[desmodiAN]

tworeasons:
a) stable block finding times. 10min in average as target.
b) rising security level, the more miners, the harder for a single entity to gain 50% hashpower

[newwest]

tworeasons:
a) stable block finding times. 10min in average as target.
b) rising security level, the more miners, the harder for a single entity to gain 50% hashpower

I was never fascinated with the mining due to too much work with very less rewards. Also it involves a huge investment considering the equipment, place to put those machines, cooling and electricity charges etc due to which not everyone can afford such expenses and also with the increase in difficulty it is now not much feasibility left for the people to mine it.

[Scotshield]

This is so that I do not have an exaggerated addition of bitcoins in the market.
It was predicted that over time bitcoin would gain popularity, so more and more people would seek ways to get it. However, if the difficulty were the same since when it started there would be a flood of bitcoins in the market at one time, causing its price fall and possibly the market crash of criptocurrencies.

[xWolfx]

why bitcoin mining difficulty is increased?

I just want to knows that why the bitcoin mining difficulty level is increased and i am afraid of the life of future miners.Maybe in future the miners electricity will cost more than our rewards because of the difficulty level.

It's part of the parameter. Bitcoin mining might stop being profitable in some years or it's price might increase high enough. So far it's a matter of mystery, the only thing we can do is keep up with the news, analyze the information that comes up and hopefully in the future being able to see it coming before it happens.

[defrix]

I think because it become more popular and the number of minner grows every hour so offer is more than demand