Did difficulty just go up again?

[A.Delaney]

I seem to have much less btc being mined right now than I did at this time yesterday? Ive only just started this recently so Im not use to the changes yet. My Hash rate is still the same as always.

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[VRobb]

Happens every 2 weeks.  Look it up on the new-fangled thing called the, let's see what was that again, Internet.

[A.Delaney]

I did. Thanks. I didnt know if anyone would have anymore input other than it goes up every two weeks.

[VirosaGITS]

I did. Thanks. I didnt know if anyone would have anymore input other than it goes up every two weeks.

It goes up every 2016 blocks, so 2 weeks more or less, more often less because hashrate go up. If you'd like more input, ask more questions.

[philipma1957]

It can go down.

It has had drops .


Frankly you cant predict it long term

[Junkbarman]

The blocks are solved on average every 10 minutes, if they happen quicker than that difficulty goes up, if it happens slower then difficulty drops.

So, you can see how adding more and more hash speed to the network makes the difficulty go up.

[A.Delaney]

The blocks are solved on average every 10 minutes, if they happen quicker than that difficulty goes up, if it happens slower then difficulty drops.

So, you can see how adding more and more hash speed to the network makes the difficulty go up.

Ok Ya I can see that now. So if the price of BTC plummeted and miners started pulling the plug because profitability was no longer there then the difficulty level would drop compensating for the reduced amount of Hashing.

[VirosaGITS]

The blocks are solved on average every 10 minutes, if they happen quicker than that difficulty goes up, if it happens slower then difficulty drops.

So, you can see how adding more and more hash speed to the network makes the difficulty go up.

Ok Ya I can see that now. So if the price of BTC plummeted and miners started pulling the plug because profitability was no longer there then the difficulty level would drop compensating for the reduced amount of Hashing.

Yes, BTC would have to drop to under 2000$ though. Not impossible, but it seem improbable to me, now.

[SkyLakeMine]

I seem to have much less btc being mined right now than I did at this time yesterday? Ive only just started this recently so Im not use to the changes yet. My Hash rate is still the same as always.

Difficulty adjustment and BCH price spike at kinda the same time.
Result is fewer blocks on BTC chain but huge spike in fees per block. About 10 BTC in fees per block these days.