Difficulty - Bitcoin Wiki

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How would changing hashing difficulty change bitcoin?

With many recent discussions talking about scaling bitcoin. I haven't seen much discussion on changing the difficulty of the hashes. To my understanding, the difficulty is dynamic and changes about every 1000 blocks. It changes so that an average block takes 10 minutes to solve.
With people talking about increasing the block size, wouldn't it be better for the average time for a block to decrease? It would alleviate many of the issues that come with increasing the block size which increase the memory requirements (many people believe this would cause centralization). The only issue with decreasing the difficulty i found with decreasing the time is that it would cause inflation to pick up therefore depleting the bitcoin supply faster.
What negative effect would this have? Would this be a better option for scaling?
submitted by khalawarrior to Bitcoin [link] [comments]

How would changing hashing difficulty change bitcoin? /r/Bitcoin

How would changing hashing difficulty change bitcoin? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Analyst: Why Bitcoin Market Will “Get Interesting” After Thursday’s Difficulty Change

submitted by Ranzware to BitNewsLive [link] [comments]

Analyst: Why Bitcoin Market Will “Get Interesting” After Thursday’s Difficulty Change

Analyst: Why Bitcoin Market Will “Get Interesting” After Thursday’s Difficulty Change submitted by n4bb to CoinPath [link] [comments]

Sci-Fi game, Imperatum gets Bitcoin mode on Steam today that scales difficulty and loot drops based off of the changes of value in Bitcoin.

Sci-Fi game, Imperatum gets Bitcoin mode on Steam today that scales difficulty and loot drops based off of the changes of value in Bitcoin. submitted by IndieWolverine to Bitcoin [link] [comments]

Why do changes in bitcoin price and mining difficulty not have a greater effect on the amount of mining being done?

Also, the halving of the block reward.
submitted by benjaminikuta to AskEconomics [link] [comments]

Bitcoin Core (BTC) blockchain could halt due to crash in price but BCH DAA would change difficulty frequently to ensure ~10 min blocks?

BCH would always adjust difficulty fast enough and keep running but BTC has a risk of getting stuck. How likely is this scenario?
submitted by tralxz to btc [link] [comments]

Why do changes in bitcoin price and mining difficulty not have a greater effect on the amount of mining being done?

Also, the halving of the block reward.
submitted by benjaminikuta to Bitcoin [link] [comments]

How to find and use a Bitcoin ATM? - One key obstacle that cryptocurrency adoption is facing in its quest to global adoption is the difficulty to purchase the digital assets. The narrative is changing as the industry continues to witness an influx in the number of Bitcoin ATMs across the world.

How to find and use a Bitcoin ATM? - One key obstacle that cryptocurrency adoption is facing in its quest to global adoption is the difficulty to purchase the digital assets. The narrative is changing as the industry continues to witness an influx in the number of Bitcoin ATMs across the world. submitted by ICODOG to CryptoCurrency [link] [comments]

Are there plans to change Bitcoin core's difficulty adjustment algorithm?

Recent events have alerted me to the fact that the 2016 block turnaround on difficulty adjustment presents a potentially crippling Achilles heal for Bitcoin. If big hash power pulls out at any given moment everything stagnates. Surely this is something that needs to be addressed?
submitted by gigajosh to Bitcoin [link] [comments]

Why do changes in bitcoin price and mining difficulty not have a greater effect on the amount of mining being done?

Also, the halving of the block reward.
submitted by benjaminikuta to answers [link] [comments]

[uncensored-r/Bitcoin] attack started after difficulty change..

The following post by ThatBitcoinGuyy is being replicated because the post has been silently removed and some comments within it have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7kww4w
The original post's content was as follows:
edit 2 * and by the way, I made a flip on this bch pump(thanks for the quick profit , back in bitcoin now). I figured this would be a good test while making a profit to see how their coin trades and BCH is not faster than btc. They both traded at the same speed and even the fees were nearly the same. So this is an OBVIOUS attack on bitcoin because our sub is getting filled with people complaining about fees and slow transactions but I just tested them both out on a flip and they were nearly the same(keep in mind BTC bitcoin has waaay more volume. In other words, bitcoin is still stronger than ever before)
it's routine by now. They attack bitcoin everytime there's a difficulty change in the mining. I noticed that's when it first started 2 days ago
Edit* this thread got down voted INSTANTLY to prove my point.(that attackers are lurking here trying their hardest..) lol. All of the 'big' attacks on bitcoin happen during the difficulty adjustment. Expect the money to pour back into bitcoin when it get's closer to changing back difficulty or when common sense kicks in.
edit 3* This went from downvoted to upvoted real quick, thanks to our community always standing up against the people who come here to hate, like seriously the fact your coming here to hate is the exact reason your apart of this 'attack' and the funny thing is there's literally a bunch of haters here as we speak lmao! thanks for proving my point. We are a community who support bitcoin, if you don't support it than just get the fuck out and stop hating, the fact you think you need to hate to get attention to your coin just shows who's the boss and who's the bitch.
Thanks for the free money, take care, stop hating and just move on with yourself...
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Does Bitcoin Cash Difficulty Algorithm need changing? | CoinGeek.com

Does Bitcoin Cash Difficulty Algorithm need changing? | CoinGeek.com submitted by Apresents to btc [link] [comments]

Do developers have a plan for changing difficulty adjustment in case China bans bitcoin mining?

Otherwise block times could stall for months.
submitted by dwdoc to Bitcoin [link] [comments]

Largest difficulty change ever in mining bitcoins about to occur in ~10 minutes

http://allchains.info/
EDIT: I'm not sure whether a 20% increase is the largest relative change, but certainly the absolute change is the largest ever.
EDIT2: Changed, new difficulty is 4367876. Good luck mining!
EDIT3: I'm seeing different numbers at Blockchain.info. Maybe "allchains.info" is incorrect. If so, sorry for the confusion.
submitted by chriswilmer to Bitcoin [link] [comments]

Tracking Changes in Bitcoin Mining Difficulty

Can anyone suggest a resource that I can use to track changes in bitcoin mining difficulty? I was using https://bitcoinwisdom.com/bitcoin/difficulty but it seems to have been stuck on an expected change in difficulty in 10.3 minutes over the last several days.
Thanks in advance for your assistance.
submitted by Seeker51 to BitcoinBeginners [link] [comments]

Altcoin Cash is not a Bitcoin fork/split because the difficulty was artificially lowered by changing the original software but buyers thanks anyway for the free altcoin money LOL

Can't make this shit up!
submitted by sumBTC to Bitcoin [link] [comments]

Why do changes in bitcoin price and mining difficulty not have a greater effect on the amount of mining being done? /r/btc

Why do changes in bitcoin price and mining difficulty not have a greater effect on the amount of mining being done? /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Does Bitcoin Cash Difficulty Algorithm need changing?

Does Bitcoin Cash Difficulty Algorithm need changing? submitted by silverjustice to Bitcoincash [link] [comments]

When is the next bitcoin cash difficulty change?

And is there any site where I can see it in a countdown manner, or just some reference blocks?
submitted by knx to btc [link] [comments]

Why do changes in bitcoin price and mining difficulty not have a greater effect on the amount of mining being done? /r/Bitcoin

Why do changes in bitcoin price and mining difficulty not have a greater effect on the amount of mining being done? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Why do changes in bitcoin price and mining difficulty not have a greater effect on the amount of mining being done? /r/Bitcoin

Why do changes in bitcoin price and mining difficulty not have a greater effect on the amount of mining being done? /Bitcoin submitted by cryptoallbot to cryptoall [link] [comments]

Bitcoin Q&A: Difficulty targeting and the Big Difficulty Moves for Bitcoin Bitcoin Q&A: What is difficulty targeting? Cryptocurrency Mining Difficulty Explained - Mining Difficulty And Analysis The Difficulty of Mining Bitcoin

Bitcoin's mining difficulty is expected to increase over 11 percent on Sept. 19, which would be the second-largest positive adjustment this week. Mining pool BTC.com has a more modest projection of 5.64 percent; this would cause the difficulty to log another all-time high of 18.29 tln. Image by btc.com Bitcoin's mining difficulty and hashrate surge in tandem. In layman's terms, mining ... Before we even begin to understand what bitcoin mining difficulty means, we need to know how mining works. We have covered this topic in detail before, so we will just give you a little overview before getting into the different nuances of difficulty. Following that, we will look at how mining difficulty is calculated and how it changes to suit the network’s needs. Changing the difficulty of Bitcoin mining. As we know, the difficulty changes every 2016 block. It is about 2 weeks if a block is found every 10 minutes. The difficulty changes depending on the time of finding 2016 blocks. If they are mined faster than in 2 weeks, the difficulty is increased. If the speed of mining is lower, the difficulty is ... The difficulty changes every two weeks depending on hashrate speed or approximately every 2016 blocks. The Bitcoin ( BTC ) network sees the highest difficulty jump ever. difficulty_1_target can be different for various ways to measure difficulty. Traditionally, it represents a hash where the leading 32 bits are zero and the rest are one (this is known as "pool difficulty" or "pdiff"). The Bitcoin protocol represents targets as a custom floating point type with limited precision; as a result, Bitcoin clients often approximate difficulty based on this (this is ...

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Bitcoin Q&A: Difficulty targeting and the "death spiral ...

Mining bitcoin is not as easy as it might seem. In this video, we highlight the biggest reason that most crypto miners end up losing money. --- This episode is sponsored by Americas Cardroom, the ... Could difficulty changes (and hence profitability changes) make all miners drop out? These questions are from the MOOC 7.2 and 9.2 sessions, which took place on February 26th 2017 and February ... The Bitcoin mining difficulty currently adjusts roughly every 2 weeks, while on other chains mining difficulty adjusts much more often. Why? Why does Bitcoin... Mining Bitcoin or Ethereum is a hard task for your computer. But why? And what does the difficulty have to do with the security of blockchains? Learn all abo... A chart showing bitcoin mining difficulty changes over time Bitcoin is the currency of the future & Genesis Mining is the largest cloud mining company on the market How to buy a pack in onecoin ...

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