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Topic: Last 7 blocks have been found in 12 minutes !!! - page 2. (Read 1810 times)

legendary
Activity: 2226
Merit: 1052
wow 13% increase wont it be absolutely unprofitable to mine btc? im getting a bit worried
No it won't and miners are getting more efficient, it gets close to evening out.

Interestingly, the price is going up again. So, efficient mining equipment or cheap Ghash from cloud mining companies can still make profit.
sr. member
Activity: 378
Merit: 250
wow 13% increase wont it be absolutely unprofitable to mine btc? im getting a bit worried
hero member
Activity: 616
Merit: 500
I got Satoshi's avatar!
There's been quite a massive spike in the hashrate, so it will pull the difficulty adjustment forward quite a bit...

https://bitcoinwisdom.com/bitcoin/difficulty
legendary
Activity: 2226
Merit: 1052
Or an indication of an increasing difficulty.
WOuldn't that actually mean the difficulty going down?


It means that currently the difficulty is low to have 10 minutes gap. Hence the difficulty will jump up soon at the next update. Prediction is around 12% Up.
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
Or an indication of an increasing difficulty.
WOuldn't that actually mean the difficulty going down?
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