Did difficulty just go up again? | Bitcointalksearch.org

SkyLakeMine

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Activity: 99

Merit: 11

Quote from: A.Delaney on December 18, 2017, 09:12:16 PM

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.

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Quote from: A.Delaney on December 19, 2017, 12:48:01 AM

Quote from: Junkbarman on December 18, 2017, 11:31:31 PM

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.

A.Delaney

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Activity: 266

Merit: 13

Quote from: Junkbarman on December 18, 2017, 11:31:31 PM

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.

Junkbarman

full member

Activity: 168

Merit: 100

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.

philipma1957

legendary

Activity: 4326

Merit: 8914

'The right to privacy matters'

It can go down.

It has had drops .

Frankly you cant predict it long term

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Quote from: A.Delaney on December 18, 2017, 09:30:55 PM

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.

A.Delaney

member

Activity: 266

Merit: 13

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

VRobb

hero member

Activity: 1610

Merit: 538

I'm in BTC XTC

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

A.Delaney

member

Activity: 266

Merit: 13

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.

Topic: Did difficulty just go up again? (Read 248 times)