Difficulty - Bitcoin Wiki

pyrk

A crypto­currency based on Bitcoin, with additional features imported from both Dash and Digibyte. Improvements include triple algorithm Proof of Work with Multishield difficulty adjustment, Masternodes, Private Send, Community Fund Governance, and future plans for Simple Tokens based loosely on the Color Coins protocol.
[link]

NiceHash - buy & sell hashing power

NiceHash offers you to buy or sell hashing power directly, no contracts, no limitations, pay-as-you-go if you're a buyer and be-paid-as-you-go if you're a seller. Why bother renting rigs, when you can rent hashing power? NiceHash brings more to renters and rig owners. Visit https://www.nicehash.com today! Simply create order and you are already mining your favorite coin or point your rig to our stratum server and you are already earning bitcoins.
[link]

wafflepool.com - An auto switching scrypt coin mining pool

WafflePool is a multi-coin (scrypt) mining pool. Point your miner to WafflePool with a Bitcoin address as your username, and we take care of automatically mining the most profitable coin at all times, converting the earnings from each coin into Bitcoins, and paying you out in bitcoins! Mining alt-coins and converting to bitcoin is very often orders of magnitude more valuable than mining Bitcoin directly! No registration, no hassles, just point and start getting paid!
[link]

An All-Time High Shows in The Difficulty of Bitcoin Mining

An All-Time High Shows in The Difficulty of Bitcoin Mining submitted by EROSBabe to BitcoinMining [link] [comments]

The difficulty of bitcoin has renewed its all-time high

The difficulty of bitcoin has renewed its all-time high submitted by spacewal to BitcoinMining [link] [comments]

If more people use Bitcoin, does this always mean Bitcoin’s price increases or could it also mean that Bitcoin’s are spread more evenly over the users. If more transactions are made,does this influence the difficulty of Bitcoin or do miners only have an influence over the difficulty?

submitted by cryptoowls to BitcoinBeginners [link] [comments]

Meshx Daily News: The difficulty of bitcoin mining has risen to 9.06T with all-time high again.

Meshx Daily News: The difficulty of bitcoin mining has risen to 9.06T with all-time high again. submitted by meshxcorporate to u/meshxcorporate [link] [comments]

The Difficulty of Bitcoin Mining Reached a Historic High

The Difficulty of Bitcoin Mining Reached a Historic High submitted by DCC_Official to altcoin_news [link] [comments]

Just for kicks, I checked the difficulty of BitCoin and it looks REALLY bad. Am I missing something, this doesn't seem right.

Clearly BTC has taken a REAL dive and the difficulty ratings haven't changed much, they've gone down, but only to the level they were at months ago. The next move is predicted to go up by 6%.
Last time I ran the numbers, a BTC miner in the 14 range was about $900 and was making some $2/day... I don't remember the numbers.
Can someone tell me just how bad things have become?
What's a $900 rig get you now-a-days not counting elec cost?
Looks like people should be dumping their rigs at this point, but I'm not sure that happened when I checked in mid-last year.
submitted by KarlJay001 to cryptomining [link] [comments]

The Difficulty of Bitcoin Mining Reached a Historic High

The Difficulty of Bitcoin Mining Reached a Historic High submitted by cryptoallbot to cryptoall [link] [comments]

What will be the starting difficulty of Bitcoin Private

Would it be relatively low? Or it be at the level of ZCL at the moment of the fork?
submitted by pedxs to BitcoinPrivate [link] [comments]

3rd EDA locked in! Bitcoin Cash will only be at 16.24% difficulty of Bitcoin! Profitability parity achieved again!!

submitted by craftercrafter to btc [link] [comments]

Despite the apparent bitcoin price decline, the difficulty of bitcoin mining is still growing, which shows the growth of its popularity. Using the Transcrypt app you can make transactions with the most popular cryptocurrency in the world! #cryptocurrency #transcrypt #bitcoin

Despite the apparent bitcoin price decline, the difficulty of bitcoin mining is still growing, which shows the growth of its popularity. Using the Transcrypt app you can make transactions with the most popular cryptocurrency in the world! #cryptocurrency #transcrypt #bitcoin submitted by TSRPAY to u/TSRPAY [link] [comments]

If more people use Bitcoin, does this always mean Bitcoins price increases or could it also mean that Bitcoins are spread more evenly over the users. If more transactions are made,does this influence the difficulty of Bitcoin or do miners only have an influence o /r/BitcoinBeginners

If more people use Bitcoin, does this always mean Bitcoins price increases or could it also mean that Bitcoins are spread more evenly over the users. If more transactions are made,does this influence the difficulty of Bitcoin or do miners only have an influence o /BitcoinBeginners submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

A useful mainstream article on the security difficulties of Bitcoin. The cryptography is great! The problem is everything else.

A useful mainstream article on the security difficulties of Bitcoin. The cryptography is great! The problem is everything else. submitted by dgerard to Buttcoin [link] [comments]

Despite the apparent bitcoin price decline, the difficulty of bitcoin mining is still growing, which shows the growth of its popularity. Using the Transcrypt app you can make transactions with the most popular cryptocurrency in the world!

Despite the apparent bitcoin price decline, the difficulty of bitcoin mining is still growing, which shows the growth of its popularity. Using the Transcrypt app you can make transactions with the most popular cryptocurrency in the world! submitted by TSRPAY to TransCrypt [link] [comments]

Is anybody else wondering why we've lost ~10% of the hashrate since the last difficulty adjustment despite seeing a significant market price rise since then? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Zentachain & Substrate Framework

Zentachain & Substrate Framework
https://preview.redd.it/0h3qjyx59lk51.jpg?width=2217&format=pjpg&auto=webp&s=bb0dfd6f86829843ccea07212f9288b8a2233107
About Substrate Framework
Substrate comes from Parity Technologies and is an open-source, expandable, and modular framework for building blockchains. It’s an important component of the Polkadot project. In order to efficiently build many different blockchains, Parity developers put all the functionalities needed to build a blockchain into a framework called Substrate.
Zenta Network will be developed with the Substrate Framework
Communication must be constantly brought up to date — we are talking about Zentalk. Zentalk is a highly secure hybrid encryption technology, decentralized, and a peer-to-peer messenger application. So Zentalk needs the Zentamesh network for the offline-to-offline communication, and the Zentamesh network needs the Zentanodes to stabilize the offline communication, whereby these are rewarded with ZENTA (CHAIN) with the reward consensus which is the solution. In short, we need to ensure that the Zentanodes are running permanently and Zentamesh network can be available for more decentralization and reach.
Forkless upgrade with Substrate for Zenta Network
Communication needs a forkless upgrade this is why Substrate allows us to customize the perfect blockchain for Zentalk, Zentameshnet, and many other products of Zentachain. To update Zenta Network we have to do is only upload a new version of Wasm blob through as a transaction.
In a PoS consensus network, a group of validators will form the new chain together. They will propose and vote on the next block, and the weight of each validator’s vote will depend on the size of their deposit. The key benefits of PoS include security, reduced centralization risk, and its energy efficiency. Validators have the goal of securing the Zenta Network and must keep following the rules of the network by always being ready to validate new blocks and of course not trying to cheat or attack the network. A rule violation is punished with punishment as slashing.
If the consensus algorithm detects a rule violation of a validator, it reduces or removes the staked tokens completely. The amount of the sanction depends on the severity of your misconduct. If we update or change anything of the Zenta Network, it is that a single party cannot do the update or changes. It is only required after approval by at least a majority of the parties or validators. From the next block, Zenta Network will use the new network logic as part of its updated runtime until a new version is needed again.
Substrate is very efficient and important for the Zentamesh Network
We would like to point out that if the network is not so strongly supported. What we can do is that with one forkless update we can ensure that more interest in the Zentanodes is achieved. Remember the Antminers, they are very expensive and not energy efficient. The level of difficulty of Bitcoin is not always the same, it is constantly increasing. Zentanodes will not have increasing difficulties, they will always have the same degree of difficulty, so they will be sold in limited quantities for every country.
Why Zentalk needs a blockchain?
https://preview.redd.it/v1qsen199lk51.jpg?width=1024&format=pjpg&auto=webp&s=0d7fc23fe8ae2ef1a7c5361f4d3ad5e8d2cc5965
Zentalk needs its blockchain so that we can ensure that people support us on the path of decentralized data storage and communication. Suppose we were to make them send messages as transactions through in the blockchain. There would be no sense in paying a transaction fee for each message in the blockchain. This is also the reason why many companies fail in communication of blockchain. The network support must come from outside the blockchain, not just the blockchan in itself. Thanks to the substrate framework we can save a lot of time and deliver our main vision definitively.
submitted by ZENTACHAIN to ZentaChain [link] [comments]

On the choice of a new difficulty algorithm for Bitcoin Cash

On the choice of a new difficulty algorithm for Bitcoin Cash submitted by ojjordan78 to btc [link] [comments]

Bitcoin Mining Difficulty Is Zooming All-Time High, but the Price of Btc Is Moving Faster

Bitcoin Mining Difficulty Is Zooming All-Time High, but the Price of Btc Is Moving Faster submitted by Askrypto to BitcoinMining [link] [comments]

Cryptocurrency Mining Today

Cryptocurrency Mining Today
Mining is one of the key concepts in the crypto world. Everyone who comes into contact with this sphere somehow wonders about the mining of coins. How profitable is mining in 2020, and what are the current trends?
by StealthEX
Crypto mining is a process during which a computer solves mathematical problems, resulting in the release of new blocks of information. This gives its owners a certain amount of coins, which is deposited in the total pot and registered in the public “ledger”, so-called blockchain. Machines in the network are also checking transactions with existing coins, adding this information to the blockchain as well.
As for the issue itself, the most well-known algorithm of mining is Proof-of-Work (PoW), used in the networks of Bitcoin, Litecoin, Ethereum and many others.
During the mining process, the latest transactions are verified and compiled into blocks. It is usually a series of calculations with an iteration of parameters to find a hash with the specified properties. The node which first solves this problem receives a reward. This approach was specifically designed to encourage those who provide the computing power of their mining machines to maintain the network and mine new coins.
It is usually no need for a newcomer to know and understand all the complicated details of the mining process, just how much they can earn with certain equipment and electricity costs.
Everything is designed in such a way that the complexity of calculations is steadily increasing, which then requires a constant increase in the computing power of the network. In 2009-2010, for mining bitcoin, miners only had to download and run the software on their personal computers, but very soon the network became so complicated that even with best PCs with a powerful processor, mining became unprofitable. That’s why miners started to use more effective video cards (graphics processing units or GPUs) and join them in so-called “farms”.
In most systems, the number of coins is determined in advance. Also, many networks are gradually reducing rewards for miners. Such emission restrictions were built into the algorithm to prevent inflation.
Thus, the cost of mining for smaller participants no longer pays off, which makes them turn off their hardware or switch to another coin where they can still make their profit.
In particular, on the evening of May 11, 2020, a halving took place in the bitcoin network, the reward for mining was halved, from 12.5 to 6.25 BTC. In June, the revenue of bitcoin miners decreased by 23%, to the lowest since March 2019.
However, in mid-June, the difficulty of bitcoin mining showed a record growth over the past 2.5 years. Mining the first cryptocurrency has become 15% more difficult. Although, by the beginning of July, the complexity had stabilized. The growing difficulty of mining the first cryptocurrency indicates that new miners have joined its network. Previously, some of them turned off the equipment, as it became less profitable to mine the coin due to a decrease in its cost and halving.
Now the absolute majority of new coins are generated by industrial mining. This is done by large data centers equipped with specialized computers based on the ASIC architecture. ASICs are integrated circuits that were initially optimized for a specific task, namely the mining of cryptocurrencies. They are much more productive than CPUs and video cards, and at the same time consume much less electricity. ASIC computers are the main type of equipment for the industrial production of crypto.
So now, after the halving, BTC coin mining has become even less profitable. For beginners, mining the first cryptocurrency is unlikely to be suitable. It is more often earned by large companies that have all the necessary equipment, access to cheap rental conditions, electricity and maintenance.
Hence newbies are better off starting with mining altcoins. It is even more profitable to work in a pool, that is, together with other miners. This can help to place farms in one place and negotiate a favourable price for electricity, so you can get a small but stable income dux to the total capacity of the pool.
Therefore, it has become much more difficult for regular users who have only non-specialized equipment at their disposal to generate virtual money. However, GPU developers have significantly increased the performance of their devices in recent years, so mining on a video card is still common.
Another important event that changes the situation in the mining sphere will be the hardfork of the Ethereum network with the turn to the Proof-of-Stake algorithm. For now, Ethereum is the most popular altcoin for GPU mining, but Ethereum 2.0 will not require using such powerful equipment, so then it switches to PoS, GPU owners will have to look for alternative coins to mine.
At the moment the most popular altcoins for mining on GPUs are Ethereum (ETH), Ethereum Classic (ETC), Grin (GRIN), Zcoin (XZC), Dogecoin and Ravencoin (RVN). There are actually a lot of mining programs that automatically determine which coin is more profitable to mine at the moment.
In the coming years, the market is waiting for a race of technologies. Manufacturers are investing in finding ways to increase hashing speed and reduce power consumption. Mining pools will play an increasing role. The market will also be affected by applications for mining cryptocurrencies on smartphones that require low computing power, such as Dash or Litecoin.
And remember StealthEX supports more than 250 coins and constantly updating the list, so you can easily swap your crypto haul to more popular altcoins. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected].
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/07/28/mining-today/
submitted by Stealthex_io to StealthEX [link] [comments]

The reference implementation of Bitcoin adjusts the difficulty level every 2016 blocks. Clearly drift concerns is a recent manifestation.

Satoshi had no intention of making the rate of block discovery accurate and you need look no further than the original DAA that adjusts on a 2016 block interval. It was simply designed to govern the rate of reward and limit the term any one miner gets to control the blockchain.
The blockchain is motivated by work based on random draws, where the only throttle is setting the difficulty bar at a level where the blocks are emitted at a statistically predictable target of 10 minutes. The difficulty for the next 2016 blocks is based on the prior 2016 blocks.
A system design based on a statistically governed random draw, where the throttle adjusts every 2 weeks, shows absolutely no needs or concerns for the concept of drift.
Drift correction is trivia at best, or simply the commonplace pitfalls of bikeshedding and perfection paralysis that creep into any engineering project.
submitted by bitmeister to btc [link] [comments]

Bitcoin's largest positive difficulty adjustment of 2020 and what it means for the price and mining

Bitcoin's largest positive difficulty adjustment of 2020 and what it means for the price and mining submitted by bitdex to BitcoinMining [link] [comments]

Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong

Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong submitted by jamieBitcoinDotCom to btc [link] [comments]

Bitcoin Mining Difficulty Is Zooming All-Time High, but the Price of BTC Is Moving Faster

Bitcoin Mining Difficulty Is Zooming All-Time High, but the Price of BTC Is Moving Faster submitted by Askrypto to bitcoin_uncensored [link] [comments]

BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES! CryptoCurrency Mining Difficulty Log Jan 30 2020 Hash Rates & difficulty for CryptoCurrency Mining Difficulty - Simply Explained - YouTube The Difficulty of Mining Bitcoin Bitcoin Q&A: Difficulty targeting and the

Bitcoin difficulty is a value used to show how hard is it to find a hash that will be lower than target defined by system. Bitcoin mining difficulty is changed every 2016 blocks. The difficulty charts show that it has increased significantly. Was ist eigentlich der Schwierigkeitsgrad oder die Bitcoin Difficulty? Die Bitcoin Difficulty ist der Schwierigkeitsgrad, den Miner aufwenden müssen, um einen neuen Block zu finden. Ein Block ist ein Datensatz, der alle neuen Transaktionen in einem gewissen Zeitabschnitt speichert. Dieser ist abhängig von der Hashanzahl (Rechenleistung) des Netzwerkes und der bereits hergestellten Bitcoins. Bitcoin Mining-Schwierigkeit []. Im Bitcoin-Netzwerk gibt es eine globale Sammlung von Schwierigkeiten für alle Blöcke. Damit ein Block als legitim angesehen werden kann, muss der Hash-Wert niedriger als das festgelegte Ziel sein.Die Schwierigkeit wird alle 2016 Blöcke geändert. Bitcoin Difficulty Estimator (by /u/archaeal) Come chat with us in our new Telegram group! (page refreshes automatically) (all times local) copy stats to clipboard. FUN FACT: Due to a longstanding bug in the Bitcoin source code, the time spent mining the first block in each difficulty epoch actually has no effect on the next difficulty calculation. Even if this block somehow took an entire ... 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 ...

[index] [17685] [22887] [23174] [26048] [41662] [31957] [4038] [20777] [42874] [3080]

BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES!

Bitcoin basics: What is the difficulty target and how does it adjust itself? - Duration: 7:12. Keifer Kif 4,486 views. 7:12. What is Crypto Mining Difficulty and How it Impacts YOUR Profits ... What is difficulty and how is it adjusted? What if the difficulty could not be satisfied? Would sudden changes in mining hash power kill Bitcoin? Will mining... 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... The difficulty of mining bitcoin as a result of the next recalculation has updated the historical maximum at the level at 19.31 T. The previous record was se... #Monero #BitCoin #Cryptocurrency Welcome to the 15th episode of CCMDL , Feburary 2 2020 We go over talk a little about the difficulty of Ethereum , Bitcoin, Monero , LiteCoins & Ethereum Classic ...

#