Blockchain Bites: it has never been so difficult to mine

DigiByte: More Secure, Faster & Forward Thinking

DigiByte is more than a faster digital currency. It is an innovative blockchain that can be used for digital assets, smart contracts, decentralized applications and secure authentication.
[link]

hashflare

Discussion based on cloud mining specifically using HashFlare.
[link]

Cryptocurrency news and discussions.

Cryptocurrency news and discussion. Bitcoin, Litecoin, Ethereum, Ripple, Monero, Dash, NEO, IOTA Lightning Network, SegWit, Augur, Steemit, privacy, ICO, block time, Proof of Work, Proof of Stake, NEM, Peercoin, Vertcoin, Iconomi, Dogecoin, Zcash, BitShares, Walton, mining, hashrate, mining difficulty, blockchain, coinbase, merkle, transaction rate, decentralized exchange, annual inflation rate, total market cap, bitcoin cash, BTC
[link]

What crypto currencies are safe from the grasp of corporate conglomerates accessing quantum computing to control the bitcoin blockchain? Set at a difficulty of 2500 cubits; Satoshi didn't realize how smart humans would become. 2022 the earliest anyone with $10,000 can use quantum computing power.

I wish I was making this up. Well, its not specified what you can do with the computer and for how long to use. Anyway, there's a good chance bitcoin gets spared somehow and the elites use quantum computing as leverage to shut us up.
submitted by mojindu464 to CryptoCurrency [link] [comments]

BITCOIN DIFFICULTY ADJUSTMENT | Satoshi Nakamoto's Wallet | Market Analysis and Bitcoin News | Blockchained.news

submitted by Thornsb to BLOCKCHAINEDNews [link] [comments]

Bitcoin Q&A: Why Can't Bitcoin Mining Difficulty Adjust a Little Quicker? | Blockchained.news

submitted by Thornsb to BLOCKCHAINEDNews [link] [comments]

Blockchain Bites: Bitcoin’s Difficulty Adjustment and More

Blockchain Bites: Bitcoin’s Difficulty Adjustment and More submitted by Ranzware to BitNewsLive [link] [comments]

Blockchain Bites: Bitcoin’s Difficulty Adjustment and More

Blockchain Bites: Bitcoin’s Difficulty Adjustment and More submitted by a36 to AllThingsCrypto [link] [comments]

[OC] AMD's stocks rise with the difficulty of the Bitcoin blockchain.

[OC] AMD's stocks rise with the difficulty of the Bitcoin blockchain. submitted by Slapthatbass84 to dataisbeautiful [link] [comments]

To manage the supply of cryptocurrency, Bitcoin and other blockchain-based cryptocurrencies vary the difficulty level and reduce the quantity of the token reward for mining activity over time.

To manage the supply of cryptocurrency, Bitcoin and other blockchain-based cryptocurrencies vary the difficulty level and reduce the quantity of the token reward for mining activity over time. #vfarmberaya #weareurbanfarmers #supportyourlocalfarmers #vfarm #urbanfarmers #supportyourlocalfarmers #freshvegetables #freshfruits
submitted by elijahliam58 to u/elijahliam58 [link] [comments]

The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty. It is currently 26% more profitable to mine on the original chain

https://cash.coin.dance/blocks
submitted by dd32x to btc [link] [comments]

Blockchain.info on SegWit2X hard fork upgrade - “we will follow the chain with the most accumulated difficulty and refer to that chain as bitcoin”

submitted by increaseblocks to btc [link] [comments]

Gemini: blockchain difficulty will determine what we will call Bitcoin and BTC

"...we will be measuring total cumulative computational difficulty of the blockchain to determine what we will call Bitcoin and BTC and on the Gemini platform. The cumulative computational difficulty is an objective and observable metric that is impossible to fake or “game.” It may not be a usable framework in all future chain split situations, but it works for this one."
"After at least a 48 hour period following the hard fork [...] we will reopen deposits and withdrawals on the network that has the greatest cumulative computational difficulty."
https://gemini.com/blog/upcoming-bitcoin-hard-fork-modified-exchange-operations/
submitted by DigitalGoose to BitcoinMarkets [link] [comments]

03-25 03:53 - '5 mining algorithms, real time difficulty adjustment, 15 second block-times equaling the longest UTXO blockchain in the word.' (self.Bitcoin) by /u/spark-in-the-dark removed from /r/Bitcoin within 28-38min

'''
Why doesn’t bitcoin have this?
'''
5 mining algorithms, real time difficulty adjustment, 15 second block-times equaling the longest UTXO blockchain in the word.
Go1dfish undelete link
unreddit undelete link
Author: spark-in-the-dark
submitted by removalbot to removalbot [link] [comments]

03-25 03:53 - '5 mining algorithms, real time difficulty adjustment, 15 second block-times equaling the longest UTXO blockchain in the word.' (self.Bitcoin) by /u/spark-in-the-dark removed from /r/Bitcoin within 28-38min

'''
Why doesn’t bitcoin have this?
'''
5 mining algorithms, real time difficulty adjustment, 15 second block-times equaling the longest UTXO blockchain in the word.
Go1dfish undelete link
unreddit undelete link
Author: spark-in-the-dark
submitted by removalbot to removalbot [link] [comments]

PSA: Adjusted for difficulty, the Bitcoin ABC blockchain is 1 full additional block ahead than the current block count suggests.

According to Fork Monitor Bitcoin SV has achieved 87.723006 Accumulated log2(PoW) at block height 556803.
Bitcoin ABC acheived this milestone one block earlier at block height 556802.
If you adjust for difficulty, SV is one full additional block behind the current block differential.
Update 2: SV is now 2 full additional blocks behind in addition to the current differential when adjusting for difficulty.
submitted by CaptainPatent to btc [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]

Blockchain Mining Difficulty For Bitcoin And Ethereum Gets Boost For Top Two Crypto Coins - Bitcoin Exchange Guide

Blockchain Mining Difficulty For Bitcoin And Ethereum Gets Boost For Top Two Crypto Coins - Bitcoin Exchange Guide submitted by ulros to fbitcoin [link] [comments]

To manage the supply of cryptocurrency, Bitcoin and other blockchain-based cryptocurrencies vary the difficulty level and reduce the quantity of the token reward for mining activity over time.

To manage the supply of cryptocurrency, Bitcoin and other blockchain-based cryptocurrencies vary the difficulty level and reduce the quantity of the token reward for mining activity over time. #FilesfmLibrary #library #storage #tokensale #blockchain https://library.files.fm/.
submitted by Justinbrenda0 to u/Justinbrenda0 [link] [comments]

To manage the supply of cryptocurrency, Bitcoin and other blockchain-based cryptocurrencies vary the difficulty level and reduce the quantity of the token reward for mining activity over time.

To manage the supply of cryptocurrency, Bitcoin and other blockchain-based cryptocurrencies vary the difficulty level and reduce the quantity of the token reward for mining activity over time. #tokensale #BNOWTokenSale https://bluenote.world/
submitted by GaryCynthia2 to u/GaryCynthia2 [link] [comments]

Analysis of Difficulty Control in Bitcoin and Proof-of-Work Blockchains

arXiv:1812.10792
Date: 2018-12-27
Author(s): Daniel Fullmer, A. S. Morse

Link to Paper


Abstract
This paper presents a stochastic model for block arrival times based on the difficulty retargeting rule used in Bitcoin, as well as other proof-of-work blockchains. Unlike some previous work, this paper explicitly models the difficulty target as a random variable which is a function of the previous block arrival times and affecting the block times in the next retargeting period. An explicit marginal distribution is derived for the time between successive blocks (the blocktime), while allowing for randomly changing difficulty. This paper also aims to serve as an introduction to Bitcoin and proof-of-work blockchains for the controls community, focusing on the difficulty retargeting procedure used in Bitcoin.

References
[1] S. Nakamoto, “Bitcoin: A Peer-to-Peer Electronic Cash System,” www.bitcoin.org, p. 9, 2008.
[2] D. Kraft, “Difficulty control for blockchain-based consensus systems,” Peer-to-Peer Networking and Applications, vol. 9, no. 2, pp. 397–413, 2016.
[3] R. Bowden, H. P. Keeler, A. E. Krzesinski, and P. G. Taylor, “Block arrivals in the Bitcoin blockchain,” arXiv:1801.07447, Jan. 2018.
[4] A. Cox, “Some Statistical Methods Connected with Series of Events,” Journal of the Royal Statistical Society. Series B (Methodological), vol. 17, no. 2, pp. 129–164, 1955.
[5] F. Tschorsch and B. Scheuermann, “Bitcoin and Beyond: A Technical Survey on Decentralized Digital Currencies,” IEEE Communications Surveys & Tutorials, vol. 18, no. 3, pp. 2084–2123, 2016.
[6] C. Dwork and M. Naor, “Pricing via Processing or Combatting Junk Mail,” in Advances in Cryptology - CRYPTO’ 92, pp. 139–147, Berlin, Heidelberg: Springer Berlin Heidelberg, 1993.
[7] A. Back, “Hashcash - A Denial of Service Counter-Measure,” www.hashcash.org/papers/hashcash.pdf, no. August, pp. 1–10, 2002.
[8] N. I. o. S. and Technology, “Specifications for the Secure Hash Standard - FIPS PUB 180-2,” Computing, vol. 2, pp. 1–71, 2002.
[9] R. Gallager, Stochastic processes: theory for applications. 2013.
[10] N. L. Johnson, S. Kotz, and N. Balakrishnan, Continuous Univariate Distributions, Vol. 1, vol. 2. Wiley-Interscience, 2nd ed., 1994.
submitted by dj-gutz to myrXiv [link] [comments]

Im sure Ray Dalio and Jamie Dimon dont even know what the rules of Bitcoin's Blockchain such as the limit of 21milion, the halving every 4 years and the increase/decrease of difficulty...

...i think they have NO idea about HOW this whole "system" of Bitcoin works... as many people, they think it is speculative....hmmm they will never understand it because they cant. They only know and believe in the corrupt Banking system... A new generation needs to come to change the whole financial market! So it will take another 10-20 years! HODL strong!!!
submitted by bpitdi to Bitcoin [link] [comments]

PSA: Adjusted for difficulty, the Bitcoin ABC blockchain is 1 full additional block ahead than the current block count suggests. /r/btc

PSA: Adjusted for difficulty, the Bitcoin ABC blockchain is 1 full additional block ahead than the current block count suggests. /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

PSA: Adjusted for difficulty, the Bitcoin ABC blockchain is 1 full additional block ahead than the current block count suggests. /r/btc

PSA: Adjusted for difficulty, the Bitcoin ABC blockchain is 1 full additional block ahead than the current block count suggests. /btc submitted by cryptoanalyticabot to cryptoall [link] [comments]

The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty. It is currently 2% more profitable to mine on the original chain.

https://cash.coin.dance/blocks
submitted by dd32x to btc [link] [comments]

Blockchain Bites: It’s Never Been Harder to Mine Bitcoin Bitcoin blockchain records mining difficulty record Demystifying Bitcoin mining and mining difficulty - YouTube What is the Difficulty Target? Explaining Bitcoin Target Difficulty Bitcoin Mining Difficulty Drops by 9%, Is Price About to Follow

Difficulty is a measure of how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Mining pools also have a pool-specific share difficulty setting a lower limit for shares. How often does the network difficulty change? Every 2016 blocks. 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 Before the Aug 1, 2017 Bitcoin Cash (BCH) fork, Difficulty was re-calculated every 2016 blocks. Now, Difficulty is re-calculated every block to ensure blocks are found every 10 minutes on average. As more computers attempt to mine Bitcoin Cash (BCH) and increase the Hash Rate, the difficulty will increase. If the Hash Rate decreases, difficulty Computing innovator global giant IBM has released a new blog post that establishes five “blockchain for good principles“, which attempt to show that enterprise blockchains tha Bitcoin’s mining difficulty is at an all-time high, the Singapore central bank’s digital currency could find commercial use, and Chinese companies are turning to Filecoin. Here is the story: You read Blockchain bites , the daily summary of the most important stories in blockchain and crypto news, and why they are important.

[index] [212] [25976] [29930] [24629] [16574] [3412] [6262] [28565] [31136] [2156]

Blockchain Bites: It’s Never Been Harder to Mine Bitcoin

Don't fret about Blockchain if you aren't a nerd. Its really simple to understand and follow. To calculate New Difficulty Target, take old difficulty target X 20160 minutes (which is amount of time in minutes for 2 weeks) Divided by the time in minutes of the last 2016 blocks. Bitcoin Mining Difficulty: An Overview - Duration: 4:37. AMBCrypto Recommended for you. ... 5 Levels S1 • E4 Blockchain Expert Explains One Concept in 5 Levels of Difficulty ... Bitcoin (BTC) mining difficulty has reached a new all-time high of 17 trillion hashes, but the price of the cryptocurrency remains at the same levels. After last week BTC hashrateset a new all ... Elke ca 14 dagen wordt de difficulty van de Bitcoin blockchain aangepast. Heel soms gaat deze omlaag, meestal omhoog en zeker vanaf eind november 2017, fors omhoog.

Flag Counter