this time difficulty raise up twice why?? Because more miners added to the overall hashing power, around +29%.
Current Bitcoin Difficulty: 908,350,862 ; Next(estimate) 1,009,821,879 (+11%) in 9 Days 21 hours ; Source: http://BTC.re
Topic: Difficulty raise up twice this time ! - page 2. (Read 2394 times)
this time difficulty raise up twice why?? Because more miners added to the overall hashing power, around +29%.
Current Bitcoin Difficulty: 908,350,862 ; Next(estimate) 1,009,821,879 (+11%) in 9 Days 21 hours ; Source: http://BTC.re
Its become big business and its moving to the cloud in data centres with machines.
The next few iteration will likely impact on the essence of the p2p system as put forward in the Satoshi paper.
Concentrating processing power in the hands of a few causes systemic risks. What if the small guys switch off their miners because they aren't making any money, and then the bigger operations go out of business because the operating costs don't stack up after a few more rounds of difficulty increases?
I'm not qualified to second guess what is going and what might happen, but after trying to cost the purchase of a KnC Neptune and workout the ROI, it looks to me like this is what is happening to the p2p nature of the system.
Anyone more qualified to give a view?
The next few iteration will likely impact on the essence of the p2p system as put forward in the Satoshi paper.
Concentrating processing power in the hands of a few causes systemic risks. What if the small guys switch off their miners because they aren't making any money, and then the bigger operations go out of business because the operating costs don't stack up after a few more rounds of difficulty increases?
I'm not qualified to second guess what is going and what might happen, but after trying to cost the purchase of a KnC Neptune and workout the ROI, it looks to me like this is what is happening to the p2p nature of the system.
Anyone more qualified to give a view?
this time difficulty raise up twice why?? Jump to: