Most of us have heard that Bitcoin's mining difficulty will increase day by day because of the environment and Bitcoin's technical building features.If we talk about the environment, then inflation is happening in the global economy, along with the increase in energy prices and that increase in electrical costs, so that mining costs are increasing, and at the same time, mining devices have to be built more powerful than before, so are these really good for our miners? Or does mining difficulty have a negative impact on miners?
lol @Crypto Library you asking if difficulty is good for miners
it's like asking if gravity is good for skydivers it just is
the network adjusts that's the whole point
if you can't handle the heat get out of the kitchen noob
the only miners that survive are the ones who are efficient or have cheap power
everyone else gets rekt eventually
it's not about being good or bad for miners it's about bitcoin being bitcoin
There are more in depth complexities but you have a lot of the truth.
Difficulty is needed .
Proper in balance Difficulty is more important.
Ie I invent a Philly willy miner. It does 1000eh on 1 watt.
It costs 10 dollars to make. I would change the entire world of mining in a flash.
The next 2 weeks my 1 watt miner would grab have the blocks.
In 2 weeks the diff would adjust and I would still grab 1/2 the coins.
In 6 or 8 weeks I could add a miner just so I always have 1/2 the blocks.
This would really hurt the balance of mining.
Kind of like if the earth had Jupiter s gravity most life would get crushed.
