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The difficulty drop coming with the next block (about -15%) is the second biggest, bitcoin has ever seen. The biggest was 2011/10/31 (-18%), after which the price doubled within two months. 15 months later price found itself 20-folded.
The second 300% difficulty increase for Bitcoin Cash is in 30 blocks. What next? Same as before?
The second hash rate exodus is probably upon us. Like the recent article from Mengerian stated, the EDA will be on for a while so, as long as the market price of Bitcoin Cash is, more or less, above 0.14 BTC and bellow 0.35 BTC these swings can occur. What would it take to get Bitcoin Cash over 0.35? Any guesses?
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 year to mine, it would not cause the next difficulty to drop, believe it or not! The calculations on this site take this bug into account to help produce the most ... Bitcoin mining difficulty determines how difficult it will be to mine the next block and this is why it is referred to as the difficulty of Bitcoin mining. Bitcoin difficulty is a measure of how many hashes (statistically) must be generated to find a valid solution to solve the next Bitcoin block and earn the mining reward. As you can see in ... Bitcoin difficulty may drop by 15%. Now, since Bitcoin is self-regulating and autonomous, the Bitcoin Difficulty Adjustment scheduled in less than four days from now will likely slash the network’s mining difficulty levels by as much as 13% to 15%. This will be the 3 rd or 4 th single largest difficulty adjustment in Bitcoin’s 11-year history. The BitcoinCash difficulty chart provides the current BitcoinCash difficulty (BCH diff) target as well as a historical data graph visualizing BitcoinCash mining difficulty chart values with BCH 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 Estimating the next difficulty adjustment is possible, but extrapolating predictions to the longer term is infeasible. Bitcoin’s hash rate nearly tripled (~2.9X) throughout 2018 and mirrors the market price movements of Bitcoin closely. In the Bitcoin whitepaper, Satoshi Nakamoto briefly describes the difficulty adjustment as follows:
BITCOIN READY FOR NEXT MOVE??? $20,000 BTC SOON As Mining Difficulty Reaches ALL-TIME HIGH!!
What is crypto mining difficulty, how is it adjusted, what is the point of a block time? Vosk explains how the difficulty for mining a block reward is adjusted when mining Bitcoin on sha-256 or ... Bitcoin mining difficulty example. THIS IS CRAZY!! This is a great example of how fast the bitcoin community is upgrading their hardware and leaving my micro rig in the past. Why does Bitcoin have a "difficulty" and what does this difficulty represent? How is this number calculated and why is it important? In this video, shot in the Wynwood art district of Miami, I ... A non-geeky explanation of what bitcoin mining difficulty is. This also shows how to keep your bitcoin take from diminishing over time. 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...