CryptoThis - Bitcoin Difficulty Estimator

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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]

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]

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]

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]

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]

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]

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 cryptoallbot to cryptoall [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 btc [link] [comments]

Upcoming Bitcoin Cash Mining Difficulty Change can be Crucial for the Network

Upcoming Bitcoin Cash Mining Difficulty Change can be Crucial for the Network submitted by R0ot2U to btc [link] [comments]

Bitcoin mining network shrinks -0.73% with negative difficulty change

Bitcoin mining network shrinks -0.73% with negative difficulty change submitted by preacceleration to Bitcoin [link] [comments]

How long will the BTC mining profitability last till the difficulty changes again? /r/Bitcoin

How long will the BTC mining profitability last till the difficulty changes again? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Tracking Changes in Bitcoin Mining Difficulty /r/BitcoinBeginners

Tracking Changes in Bitcoin Mining Difficulty /BitcoinBeginners submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Upcoming Bitcoin Cash Mining Difficulty Change can be Crucial for the Network

Upcoming Bitcoin Cash Mining Difficulty Change can be Crucial for the Network submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Someone on bitcointalk posted a really nice mining calculator site which accounts for difficulty changes. It's the only one like this I've found. /r/EtherMining

Bitcoin mentioned around Reddit: Someone on bitcointalk posted a really nice mining calculator site which accounts for difficulty changes. It's the only one like this I've found. /EtherMining submitted by BitcoinAllBot to BitcoinAll [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]

What does /r/Bitcoin think of the mining calculator I just made? It calculates changes in difficulty for more accurate revenue estimates.

What does /Bitcoin think of the mining calculator I just made? It calculates changes in difficulty for more accurate revenue estimates. submitted by top_bottom_top to Bitcoin [link] [comments]

Bitcoin mining network shrinks -0.73% with negative difficulty change

Bitcoin mining network shrinks -0.73% with negative difficulty change submitted by preacceleration to CryptoCurrency [link] [comments]

Does anyone know what kinda pool reward this is? Thanks so much! (current block reward * no. of mined blocks+tx fees) * hashrate in GH/s * 10^9 / 2^32 * 86,400 / no. of mined blocks before difficulty change * previous difficulty + (no. of mined blocks after difficulty change * next d /r/Bitcoin

Does anyone know what kinda pool reward this is? Thanks so much! (current block reward * no. of mined blocks+tx fees) * hashrate in GH/s * 10^9 / 2^32 * 86,400 / no. of mined blocks before difficulty change * previous difficulty + (no. of mined blocks after difficulty change * next d /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

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

Do developers have a plan for changing difficulty adjustment in case China bans bitcoin mining? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Gridcoin 5.0.0.0-Mandatory "Fern" Release

https://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.0.0.0
Finally! After over ten months of development and testing, "Fern" has arrived! This is a whopper. 240 pull requests merged. Essentially a complete rewrite that was started with the scraper (the "neural net" rewrite) in "Denise" has now been completed. Practically the ENTIRE Gridcoin specific codebase resting on top of the vanilla Bitcoin/Peercoin/Blackcoin vanilla PoS code has been rewritten. This removes the team requirement at last (see below), although there are many other important improvements besides that.
Fern was a monumental undertaking. We had to encode all of the old rules active for the v10 block protocol in new code and ensure that the new code was 100% compatible. This had to be done in such a way as to clear out all of the old spaghetti and ring-fence it with tightly controlled class implementations. We then wrote an entirely new, simplified ruleset for research rewards and reengineered contracts (which includes beacon management, polls, and voting) using properly classed code. The fundamentals of Gridcoin with this release are now on a very sound and maintainable footing, and the developers believe the codebase as updated here will serve as the fundamental basis for Gridcoin's future roadmap.
We have been testing this for MONTHS on testnet in various stages. The v10 (legacy) compatibility code has been running on testnet continuously as it was developed to ensure compatibility with existing nodes. During the last few months, we have done two private testnet forks and then the full public testnet testing for v11 code (the new protocol which is what Fern implements). The developers have also been running non-staking "sentinel" nodes on mainnet with this code to verify that the consensus rules are problem-free for the legacy compatibility code on the broader mainnet. We believe this amount of testing is going to result in a smooth rollout.
Given the amount of changes in Fern, I am presenting TWO changelogs below. One is high level, which summarizes the most significant changes in the protocol. The second changelog is the detailed one in the usual format, and gives you an inkling of the size of this release.

Highlights

Protocol

Note that the protocol changes will not become active until we cross the hard-fork transition height to v11, which has been set at 2053000. Given current average block spacing, this should happen around October 4, about one month from now.
Note that to get all of the beacons in the network on the new protocol, we are requiring ALL beacons to be validated. A two week (14 day) grace period is provided by the code, starting at the time of the transition height, for people currently holding a beacon to validate the beacon and prevent it from expiring. That means that EVERY CRUNCHER must advertise and validate their beacon AFTER the v11 transition (around Oct 4th) and BEFORE October 18th (or more precisely, 14 days from the actual date of the v11 transition). If you do not advertise and validate your beacon by this time, your beacon will expire and you will stop earning research rewards until you advertise and validate a new beacon. This process has been made much easier by a brand new beacon "wizard" that helps manage beacon advertisements and renewals. Once a beacon has been validated and is a v11 protocol beacon, the normal 180 day expiration rules apply. Note, however, that the 180 day expiration on research rewards has been removed with the Fern update. This means that while your beacon might expire after 180 days, your earned research rewards will be retained and can be claimed by advertising a beacon with the same CPID and going through the validation process again. In other words, you do not lose any earned research rewards if you do not stake a block within 180 days and keep your beacon up-to-date.
The transition height is also when the team requirement will be relaxed for the network.

GUI

Besides the beacon wizard, there are a number of improvements to the GUI, including new UI transaction types (and icons) for staking the superblock, sidestake sends, beacon advertisement, voting, poll creation, and transactions with a message. The main screen has been revamped with a better summary section, and better status icons. Several changes under the hood have improved GUI performance. And finally, the diagnostics have been revamped.

Blockchain

The wallet sync speed has been DRASTICALLY improved. A decent machine with a good network connection should be able to sync the entire mainnet blockchain in less than 4 hours. A fast machine with a really fast network connection and a good SSD can do it in about 2.5 hours. One of our goals was to reduce or eliminate the reliance on snapshots for mainnet, and I think we have accomplished that goal with the new sync speed. We have also streamlined the in-memory structures for the blockchain which shaves some memory use.
There are so many goodies here it is hard to summarize them all.
I would like to thank all of the contributors to this release, but especially thank @cyrossignol, whose incredible contributions formed the backbone of this release. I would also like to pay special thanks to @barton2526, @caraka, and @Quezacoatl1, who tirelessly helped during the testing and polishing phase on testnet with testing and repeated builds for all architectures.
The developers are proud to present this release to the community and we believe this represents the starting point for a true renaissance for Gridcoin!

Summary Changelog

Accrual

Changed

Most significantly, nodes calculate research rewards directly from the magnitudes in EACH superblock between stakes instead of using a two- or three- point average based on a CPID's current magnitude and the magnitude for the CPID when it last staked. For those long-timers in the community, this has been referred to as "Superblock Windows," and was first done in proof-of-concept form by @denravonska.

Removed

Beacons

Added

Changed

Removed

Unaltered

As a reminder:

Superblocks

Added

Changed

Removed

Voting

Added

Changed

Removed

Detailed Changelog

[5.0.0.0] 2020-09-03, mandatory, "Fern"

Added

Changed

Removed

Fixed

submitted by jamescowens to gridcoin [link] [comments]

Bitcoin Mining Difficulty Drops A Historical 16% - Bitcoin Hashrate Down 45% - Why It's A Good Thing Bitcoin Mining Difficulty is a Myth!!! Bitcoin Q&A: Why Can't Bitcoin Mining Difficulty Adjust a Little Quicker? Bitcoin Mining Difficulty: An Overview - YouTube How to Calculate Bitcoin Difficulty

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. How does a change in mining difficulty affect BTCUSD. Published on: TradingView.com. Here is the BTCUSD daily timeframe, and the lower part of the chart shows the capitulation in the Bitcoin Hash Ribbons. Any investor will want to know the implications of the mining difficulty change if it affects the Bitcoin prices. There are a couple of ways to look at the transformation: First, BTCUSD ... Bitcoin mining has been a self-regulating system for a decade, and there is no reason for this trend to change. Mining follows the basic laws of supply and demand. Yes, mining difficulty may lag, sometimes by months. However, if you find a mining solution with low electricity costs and low overhead, you can maintain profitability throughout. Profitability for Efficient Bitcoin Miners. High ... 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. Bitcoin’s mining difficulty rate recalibrates roughly every two weeks, or 2016 blocks. This means that as more miners add to the network’s hash rate, the difficulty of the PoW increases, making finding new block rewards more difficult. If miners were to stop mining en masse, the difficulty would decrease to keep the equilibrium.

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Bitcoin Mining Difficulty Drops A Historical 16% - Bitcoin Hashrate Down 45% - Why It's A Good Thing

Bitcoin mining difficulty drops a historical 16%, bitcoin hashrate down 45%. Bitcoin mining difficulty explained in this video. Start mining bitcoins in the warrior mining btc mining farm: https ... Well, I always heard the naysayers and bitcoin mining haters saying that Bitcoin mining (and other cryptocurrencies) is not worth it anymore… that you must b... 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 ... Bitcoin Mining Difficulty. What is it? We all have heard about it. But, do we actually know what it is and how it works? We take a look at the history of Bit... The Bitcoin mining difficulty currently adjusts roughly every 2 weeks, while on other chains mining difficulty adjusts much more often. Why? Why does Bitcoin...

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