Satoshi can lower the difficulty whenever he wants 
You're going to confuse the newbies.
Topic: Bitcoin (difficulty) - page 2. (Read 2637 times)
You're going to confuse the newbies.
Satoshi can lower the difficulty whenever he wants
Nope. And why is it going? Newer, more efficient hardware and this trend will continue for sometime imho
It's going way too fast because there are so many miners today. I came into the mining game in mid March when the difficulty was 3,8xxxx, just a short 90 days ago. Mining hardware is now more affordable than it was just 5-6 months ago. It's a double edged sword. :/
Hi there i am new at forum but not new at bitcoin..
I am seeing that the difficulty of bitcoin is increasing very fastly .. well i want to know is there any way that the difficulty can be stopped growing?
I am seeing that the difficulty of bitcoin is increasing very fastly .. well i want to know is there any way that the difficulty can be stopped growing?
ranochigo already did a good job of explaining that the only way to keep the difficulty from growing is to stop all miners from turning on new equipment (or to collectively only turn on as much hash power as they turn off). The only way to reduce difficulty is to get all miners collectively miners to turn off more hash power than they turn on.
I mean if the owner of bitcoin satoshi nakamoto can stop the increasing of difficulty of bitcoin or not?
Satoshi Nakamoto was the original creator of the Bitcoin protocol. He released it into the public as open source software. There is no "owner". Anyone that wants to can run the software, and anyone that wants to can modify the copy of the software that they run. The only way to change how the bitcoin protocol behaves is to convince EVERYBODY running the software to run different software that has different rules.
And why it is going any good reason?
Because of mining.
i just know it increase because of mining..
Oh. You already knew that. Ok. Look back at ranochigo's post. If that doesn't make it clear, let us know and I'll see if I can re-explain it.
Hi there i am new at forum but not new at bitcoin..
I am seeing that the difficulty of bitcoin is increasing very fastly .. well i want to know is there any way that the difficulty can be stopped growing?
I mean if the owner of bitcoin satoshi nakamoto can stop the increasing of difficulty of bitcoin or not?
And why it is going any good reason? i just know it increase because of mining..
No, no one can stop the increment of difficulty. The difficulty is adjusted every 2016 blocks based on the time it took to find the previous 2016 blocks. If the hashrates is lower, the time taken to generate a block is slower, if the hashrate is higher, the time taken will be faster. The target of the time taken is 10minutes, it will adjust accordingly based on the speed of block generation. In order to stop the difficulty from growing, you will have to stop people from operating new ASIC miners and for it to decrease, people would have to shut down their ASIC. The increment of Bitcoin difficulty and block time is built into the protocol itself, unless it is forked, it is not possible to change it. I am seeing that the difficulty of bitcoin is increasing very fastly .. well i want to know is there any way that the difficulty can be stopped growing?
I mean if the owner of bitcoin satoshi nakamoto can stop the increasing of difficulty of bitcoin or not?
And why it is going any good reason? i just know it increase because of mining..
Hi there i am new at forum but not new at bitcoin..
I am seeing that the difficulty of bitcoin is increasing very fastly .. well i want to know is there any way that the difficulty can be stopped growing?
I mean if the owner of bitcoin satoshi nakamoto can stop the increasing of difficulty of bitcoin or not?
And why it is going any good reason? i just know it increase because of mining..
I am seeing that the difficulty of bitcoin is increasing very fastly .. well i want to know is there any way that the difficulty can be stopped growing?
I mean if the owner of bitcoin satoshi nakamoto can stop the increasing of difficulty of bitcoin or not?
And why it is going any good reason? i just know it increase because of mining..
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