Bitcoin's mining difficulty has increased by 41.9% over the last 30 days
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Re: Bitcoin's mining difficulty has increased by 41.9% over the last 30 days
#2What broke?
Re: Bitcoin's mining difficulty has increased by 41.9% over the last 30 days
#3What broke?
It doesn't mean anything is broken.
The recent rise in price justifies bringing miners online or shifting them away from other cryptocoins.
Halving day is coming soon too.
Re: Bitcoin's mining difficulty has increased by 41.9% over the last 30 days
#4More powerful miners beget higher work needed to mine. A small cadre of people with ultrpowerful mining gear have pushed a more difficult task on the rest of us.
Re: Bitcoin's mining difficulty has increased by 41.9% over the last 30 days
#5What broke?
It doesn't mean anything is broken. The recent rise in price justifies bringing miners online or shifting them away from other cryptocoins. Halving day is coming soon too.
It's predicted to happen mid-2016, 70% of all coins to ever be mined have been so.
This has been a really interesting tech to watch over the years.
Re: Bitcoin's mining difficulty has increased by 41.9% over the last 30 days
#6Earlier quoted context omitted.
It doesn't mean anything is broken. The recent rise in price justifies bringing miners online or shifting them away from other cryptocoins. Halving day is coming soon too.
It's predicted to happen mid-2016, 70% of all coins to ever be mined have been so. This has been a really interesting tech to watch over the years.
What happens when we reach 100%?
Re: Bitcoin's mining difficulty has increased by 41.9% over the last 30 days
#7Re: Bitcoin's mining difficulty has increased by 41.9% over the last 30 days
#8[deleted]
Re: Bitcoin's mining difficulty has increased by 41.9% over the last 30 days
#9More powerful miners beget higher work needed to mine. A small cadre of people with ultrpowerful mining gear have pushed a more difficult task on the rest of us.
... by simultaneously facilitating a large ratio of bitcoin's infrastructure.
Re: Bitcoin's mining difficulty has increased by 41.9% over the last 30 days
#10Earlier quoted context omitted.
It's predicted to happen mid-2016, 70% of all coins to ever be mined have been so. This has been a really interesting tech to watch over the years.
What happens when we reach 100%?
Then no new bitcoins will be created and all mining profits will come from fees. That won't happen until 2140.