Bitcoin’s Difficulty Target and Adjustment: Complete ...

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Bitcoin's Difficulty Target and Adjustment: Complete Beginner's Guide - Blockonomi

Bitcoin's Difficulty Target and Adjustment: Complete Beginner's Guide - Blockonomi submitted by ulros to fbitcoin [link] [comments]

Bitcoins Difficulty Target and Adjustment: Complete Guide

Bitcoins Difficulty Target and Adjustment: Complete Guide submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoins Difficulty Target and Adjustment: Complete Guide

Bitcoins Difficulty Target and Adjustment: Complete Guide submitted by cryptoallbot to cryptoall [link] [comments]

What is the Difficulty Target? Explaining Bitcoin Target Difficulty

submitted by achainofblocks to CoinBase [link] [comments]

[For Fun] What is the new highest difficulty block ever mined?

Hey everyone, as you guys probably know, the Bitcoin difficulty target is only that... a target. If you hash a value with extra 0s, it still counts... it's just overkill.
I found a great post on Bitcoin talk that discusses the highest difficulty block ever mined and at the time, the difficulty worked out to be valid for difficulty ~36Bn.
The crazy part is that the current difficulty is ~923Bn meaning we currently mine blocks every 10 minutes that are around 30 times as difficult to find as the best block found in the first 2.5 years of all Bitcoin mining... man we've come a long ways.
With that being said - does anyone know what the smallest hash posted for any mined Bitcoin block is currently?
Edit - Cool! as pointed out by Nonce_0000000, You can sort by lowest hash on Blockchair If I'm doing my math correctly, the best block would have an effective difficulty of 67 Quadrillion! or 70,000 times the current difficulty.
submitted by CaptainPatent to Bitcoin [link] [comments]

The EDA on Bitcoin Cash does not break the definition of BTC in Satoshi's whitepaper: "the proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they're generated too fast, the difficulty increases."

submitted by cryptorebel to btc [link] [comments]

Bitcoin’s Difficulty Target and Adjustment: Complete Beginner’s Guide

Bitcoin’s Difficulty Target and Adjustment: Complete Beginner’s Guide submitted by leftok to atbitcoin [link] [comments]

Bitcoin’s Difficulty Target and Adjustment: Complete Guide

Bitcoin’s Difficulty Target and Adjustment: Complete Guide submitted by koocer to Bitcoin [link] [comments]

Bitcoin difficulty re-targets after a month of dumps with NASDAQ on the horizon

Bitcoin difficulty re-targets after a month of dumps with NASDAQ on the horizon

https://preview.redd.it/9jau6eqvoa221.png?width=300&format=png&auto=webp&s=542f77d97323c824970e238e975c1ba268b0783c
http://genesisblocknews.com/bitcoin-difficulty-re-targets-after-a-month-of-dumps-with-nasdaq-on-the-horizon/
With any commodity there is the markets side of the equation and there is the real world environment side. Bitcoin has plenty to offer both fields of analysis and the variables influence each other in various ways depending largely on their cumulative effects and projected outcomes.
Due to the heavy downturn in crypto prices in the bear markets, it is currently too expensive for many conventional miners and mining farms to keep operating. Due to high amounts of miner shutting off, the Bitcoin mining difficulty re-target has dropped approx. -22.5% since the start of November. Major mining hardware manufacturer Bitmain announced in September that it will be shipping S15 23TH/S ASIC miners with 7nm architecture in the end of December. A new wave of hardware is being released by other manufacturers that offers higher efficiency. With the next block halving expected in about 18 months, the pressure is on mining companies to improve efficiency and reduce mining costs.
Specialised ASIC mining chips for Bitcoin’s Sha-256 mining algorithm were first developed and sold over 5 years ago. It changed Satoshi Nakamoto’s vision of ‘1 CPU 1 Vote’ into a hardware intensive race to build the best mining devices and lots of them. All these farms mean that the difficulty setting for the algorithm code is way too high for any home user or most early generation ASIC to perform efficiently. The trend of regional centralisation has been playing out, where power sources and cooling costs are the major factors restricting use after initial investment.
Most current generation of mining hardware is becoming commercially non-viable in this scenario and going for sale at discount prices. Much of these pieces are not yet obsolete and can be up-cycled by users in regions with cheap electricity and a low value regional currency. There is an opportunity for redistribution of mining hardware to lower income communities across the world that could help promote decentralisation and self sustainability, but using the main Bitcoin blockchain might be inefficient for them.
If the hardware side of things aren’t what got you into Bitcoins, then it seems that there is a fork happening in the price mechanisms of Bitcoin, where now it is moving into the real and speculative markets for FIAT/BTC and other Cryptocurrency derivatives, which is always expanding.
This week, The Daily Express features an article quoting the NASDAQ media team’s Vice President, Joseph Christinat as saying that Bitcoin futures will begin trading on the NASDAQ next year. He goes on to explain that they have had an interest in this market for the last 5 years, and are keen to push ahead with greater involvement.
Market analysts have continued to be quoted saying that this shows serious adoption by large financial institutions is getting nearer, claiming that the futures contracts will help to protect traders from the risks due to price volatility and network failures. We are told this means that there will be new money moving into the markets soon. All too often this has been true for over a year and will continue to be, but we are not clearly able to see where the money is moving.
This is because the money is not simply buying coins or taking a small position, it is working to make a large position outside of the visible market places for margin trading and thus influence the price more effectively. Currently the shrinking volume and oversupply of coins and exchanges means that OTC trading and physical futures settlement have led quickly to a race to the bottom for bulk prices and broker’s fees.
In this kind of market place, it makes sense for exchanges and liquidity operators themselves to push prices down so long as their total capital asset value is comparable. This leads to algorithmic abuse across multiple public trading platforms to maintain a fixed OTC desk price or futures contract position.
Ultimately this is another move by the mainstream banking tycoons to corner and box in Bitcoin for another round of speculative investment before any real gains can be made in the long term. Speculation is most likely to control the markets until mass adoption can cause genuine sentiment and price growth to occur.
At this time there will be more drama while the legal and financial positions of authority and utilising blockchain assets as an investment and trading tool is tested. Already CBOE and CME in the USA started Bitcoin futures in Dec 2017. In the UK since March this year a physically settled Bitcoin Futures opened at Coinfloor, while Crypto Facilities started trading ETH/USD and LTC/USD futures contracts in May and June respectively, but were already taking XRP futures since October 2016.
Looking at various price cycles for Bitcoin and the major altcoins mentioned above, it seems probable that these platforms may have already received major short bids at critical times to encourage and enable accumulation during periods of capitulation. This is exactly the phase of the boom-bust cycle we are currently following, where the most potential gains can be made from any well measured entry into the market.
The long term question here is that do we need another manipulated system of value exchange which is vulnerable to the same or a whole new set of problems that effect typical currencies? Will speculative trading kill off the intrinsic network value of cryptocurrencies? How can networks evolve to provide a harmonious ecosystem that does not encourage centralisation and allows suitable rewards for an active engagement?
submitted by turtlecane to CryptoCurrency [link] [comments]

Bitcoin Unlimited developer: BCC EDA is temporary and will be replaced with a better difficulty targeting algorithm

Bitcoin Unlimited developer: BCC EDA is temporary and will be replaced with a better difficulty targeting algorithm submitted by WalterRothbard to btc [link] [comments]

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

aantonop - Bitcoin Q&A: Difficulty targeting and the submitted by Yanlii to cryptovideos [link] [comments]

Is the difficulty target of 2016/2 weeks meant to give miners some time for profits or preparation? /r/Bitcoin

Is the difficulty target of 2016/2 weeks meant to give miners some time for profits or preparation? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

aantonop - Bitcoin Q&A: What is difficulty targeting?

aantonop - Bitcoin Q&A: What is difficulty targeting? submitted by Yanlii to cryptovideos [link] [comments]

Bitcoin basics: What is the difficulty target and how does it adjust itself? (video)

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

Bitcoin basics: What is the difficulty target and how does it adjust itself? (video)

Bitcoin basics: What is the difficulty target and how does it adjust itself? (video) submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Why did Satoshi set the difficulty re-targeting 2 weeks apart? /r/Bitcoin

Why did Satoshi set the difficulty re-targeting 2 weeks apart? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

If we hardfork - is difficulty re-target and slower blocks a problem? /r/Bitcoin

If we hardfork - is difficulty re-target and slower blocks a problem? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Where is the maximum difficulty target specified? /r/Bitcoin

Where is the maximum difficulty target specified? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Profitability Calculations with regard to increasing difficulty.

Hello. I've been looking for profitability calculator that takes into account increasing difficulty. I've found one that takes into account a daily increase in hashrate. I've also found one that takes into account a daily (or bi-monthly) increase in difficulty. Quick question before I continue -- Does an increase in difficulty correspond linearly with an increase in hashrate? Which one of those calculators (if correctly coded) would be more accurate?
As I am a big fan of trust, but verify, I would like to build my own calculator to make sure that the online version I choose is correct. This may be overkill, but I have been tasked by my boss to complete a feasibility study of building a huge mining farm. Most calculators will only give a right now kind of answer to profitability. I need to be able to get year over year numbers that include the daily declining profitability.
Thanks in advance.
P.S. If any of you currently own or operate a big mining farm (3000+ ASICs) and have any advice, pointers, or lessons learned, I would love to hear them.
submitted by asdfredditusername to Bitcoin [link] [comments]

Bitcoin Target: a website I built to help me understand targets and difficulty

submitted by OrangeredStilton to Bitcoin [link] [comments]

Why I expect a huge price increase for Bitcoin this weekend

Difficulty adjustment downwards as Chinese miners migrate to new mining geographies — downward difficulty adjustments usually flatten the price action as they stop selling to cover costs of intense difficulty rates.
Options expiry on Friday, which should build price momentum this week as shorts cover into November
Trick or treat smell my feet, Bitcoin makes more sense than ETH.
Options into EOY have started to signal 50k as an end of the year target.
Bitcoin did not respond to major equity indices dropping yesterday
A huge amount of gold was found in Siberia and it adds to the glut of gold that is out there.
Rush of buying to hedge stock market exposure as we head into American election uncertainty (though I think Biden will win)
What else am I missing?
submitted by FellatioFellas to CryptoCurrency [link] [comments]

Mining, targets and difficulty: a quick explanation (Bitcoin, but also applies to Dogecoin)

submitted by OrangeredStilton to dogecoin [link] [comments]

BITCOIN DIFFICULTY ALL-TIME HIGH ERREICHT - YouTube BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES! Bitcoin Mining Difficulty Hits ALL TIME HIGH! Bitcoin Q&A: What is difficulty targeting? The Difficulty of Mining Bitcoin

difficulty_1_target is the target used in the Genesis Block and represents a difficulty of 1. 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 ... The Bitcoin difficulty chart provides the current Bitcoin difficulty (BTC diff) target as well as a historical data graph visualizing Bitcoin mining difficulty chart values with BTC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time Bitcoin’s difficulty target is a 256-bit number that is adjusted every 2016 blocks (~2 weeks) based on the time it took to mine the previous 2016 blocks. The difficulty algorithm attempts to produce a block roughly every ten minutes and is proportionately modified by Bitcoin clients every two weeks to the amount of time higher or lower than it took to mine the previous 2016 blocks. The ... 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 ... See also Difficulty. The target is a 256-bit number (extremely large) that all Bitcoin clients share. The SHA-256 hash of a block's header must be lower than or equal to the current target for the block to be accepted by the network. The lower the target, the more difficult it is to generate a block.. It's important to realize that block generation is not a long, set problem (like doing a ...

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BITCOIN DIFFICULTY ALL-TIME HIGH ERREICHT - YouTube

Bitcoin so sicher wie nie verwahren - https://amzn.to/2JVWhkD Das Must-have für alle Bitcoin Fans - https://amzn.to/2ZfQRbp -----Mehr interessa... Bitcoin basics: What is the difficulty target and how does it adjust itself? - Duration: 7:12. Keifer Kif 4,360 views. 7:12. How Bitcoin Works in 5 Minutes (Technical) - Duration: 5:26. ... Like Reading About Bitcoin? - https://geni.us/eH9P Buy The Most Efficient GPU for Mining! - https://geni.us/Y3STM Mining Deal of the Day - https://geni.us/vSDc87y Join Red Panda Mining's Discord ... He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. 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 ...

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