Usamos cookies propias y de terceros para mejorar la navegación y mostrar publicidad personalizada según su navegación. Si continua navegando consideramos que acepta nuestra política de cookies.
Register your Blog
( What is this? )
I Home I More views Today I Crypto TV I Crypto currency I Crypto Charts I xxx I xxx I Register your Blog I
 

It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop

-
Mons News
 
Add to Flipboard Magazine. Fuente: bitcoinist - View all news from this site
It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop

It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop






As Bitcoin mining hash rate has decreased amid lower prices, the mining difficulty has adjusted by design, making it easier to mine bitcoin. 

Bitcoin mining difficulty adjusts to lower price
For most of 2018, while the bear market persisted, mining hash rate and difficulty for Bitcoin continued to increase. Now it appears that the mining arena just like most of the ecosystem is beginning to feel the pinch.

Data from Blockchain.com shows a 15 percent decline in both difficulty and hash rate for the Bitcoin network. Hash rate refers to the total computing power of a blockchain network while difficulty references the ease with which miners can discover the solution for a new block.

XDEX Chief Analyst, Fernando Ulrich, commented on the historic drop, the second biggest in Bitcoin history. The biggest drop ever of 18 percent occurred in 2011.

#Bitcoin just had its second largest drop in mining difficulty in history: -15.1%. This is the current ranking:
2011-nov-01: -18.0%
2018-dec-03: -15.1%
2011-oct-16: -13.1%
2012-dec-27: -11.6%
2011-mar-26: -9,5%
2013-jan-26: -8.6%
2011-dec-01: -8.5%
2012-may-25: -9.2%
— Fernando Ulrich (@fernandoulrich) December 3, 2018

Miners Shutting Down
The reason for this trend" Miners are shutting down. As miners go offline, there isn?t sufficient hash power to solve the complex algorithm required to discover (mine) a new transaction block. Therefore, the difficulty level is designed to adjust every 2016 block to accommodate the reduced hash rate of the network. Therefore, the miners who aren’t running profitable operations at the current Bitcoin price 00 are expectedly shutting down. However, after the current drop in difficulty, it has now become a lot more profitable to mine Bitcoin compared to rivals Bitcoin Cash and Bitcoin Cash SV.

While 2018 has been predominantly bearish, since mid-November, BTC prices took an even larger tumble, falling 38 percent ? which is apparently now squeezing out the less-profitable miners.
In a recent interview, Mao Shixing of F2pool, the fourth largest BTC mining pool revealed that more than 800,000 miners have shut down their operations since the start of the mid-November price decline.
Bitcoinentrprenuer, Alistair Milne, also weighed in on the current trend, sarcastically noting that this is the most ‘insecure’ the Bitcoin network has in five months based on hash rate.
He added that Bitmain would be one of the most vulnerable miners at low price levels considering their hoarding of Bitcoin Cash, which is currently sitting at historic lows.

The fact that miners are shutting down and difficulty is decreasing is a feature, not a bug, of bitcoin?s design.
— Arianna Simpson (@AriannaSimpson) December 1, 2018

But while the present trend of decreasing hash power is further fodder for the BTC bashing brigade, Arianna Simpson of Autonomous Partners, says the difficulty adjustment is a ‘feature and not a bug’ as the Bitcoin network adjusts to...
article seen
0
times, this week
It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop
facebook:
twitter: https://twitter.com/thermomix_club

Fuente de la noticia: bitcoinist
Fecha de publicación: 04-12-2018 21:16
visto: 0

Si te gusto esta noticia puede que te interesen estas..

------------------------------------------------------------------------------------------------------------
Recommended Video section of our Bitcoin, Ethereum, NEO, Litecoin, Blockchain News videos - Watch More Videos in Bitcoin, Ethereum, NEO, Litecoin, Blockchain News videos

Go TO TV Bitcoin, Ethereum, NEO, Litecoin, Blockchain News videos

Si te gusto esta noticia puede que te interesen estas..


This Binance-Backed Crypto Startup Wants to Anonymize Everyt



Built atop a near-forgotten anonymity system named mix networks, Nym Technologies is entering the proof-of-concept phase following a 10-week incubatio ...
14-12-2018 21:16

Ethereum Chat Startup Status Lays Off 25% of Staff



Citing the crypto bear market, Status.IM has laid off 25 staffers and asked remaining employees to take a pay cut. ...
14-12-2018 21:16

EU Parliament Calls for Action on Blockchain Adoption in Tra



The European Parliament has called for measures that would prepare the region to use blockchain to benefit trade. ...
14-12-2018 21:16

Crypto-Friendly Money App Revolut Wins EU Banking License



Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank. ...
14-12-2018 21:16

Sephora Shoppers Are Getting Their First Bitcoin Using Crypt



Sephora has joined the list of retailers at which shoppers can earn bitcoin rewards via the Lolli app. ...
14-12-2018 21:16

Blockchain Developer Role Tops LinkedIn?s 2018 Emerging Jobs



The role of blockchain developer has leaped straight to the top of LinkedIn\'s list of emerging jobs for 2018. ...
14-12-2018 21:16

Bitcoin Price Defies Oversold Conditions to Hit 15-Month Low



Bitcoin tumbled to 15-month lows earlier today, dashing hopes of a rally signaled by current extreme oversold conditions. ...
14-12-2018 21:16

US Government Issues Advice Over Bitcoin Bomb Threat Emails



The U.S. government has confirmed the existence of bomb threat emails that demand bitcoin from organizations and suggested steps to take. ...
14-12-2018 21:16

Violent Delights Lead to Violent Ends: Rebuilding After the



While emerging assets are always turbulent, 2018 has been an especially violent year for the crypto markets. Lessons need to be learned. ...
14-12-2018 21:16

SEC’s Crypto Czar Signals Some Flexibility on Token Of



No-action letters may be a way forward for crypto startups hoping to avoid securities classifications. ...
14-12-2018 21:16

US Lawmaker Suggests ‘WallCoin’ to Fund Trump



Representative Warren Davidson has suggested using a cryptocurrency to crowdfund a wall on the Mexican border. ...
14-12-2018 21:16

Robinhood Didn’t Consult Regulators on New Checking &#



Robinhood, the crypto-friendly stock trading application, recently launched a plan to offer checking and savings accounts. The accounts have a minimum ...
14-12-2018 21:16

Bahrain Central Bank Publishes Draft Cryptocurrency Regulati



The central bank of Bahrain has kicked off a consultative process on cryptocurrency platforms in the kingdom by publishing the relevant draft regulati ...
14-12-2018 21:16

Binance Adds USDC Trading Pairs ? Stellar and Ripple Represe



Binance announced Friday that it would be adding a few new USD Coin pairs and moving its two existing USDC pairs into the combined stablecoin market c ...
14-12-2018 21:16

Bitcoin Cash Price Continues to Crater as Fork Aftertaste Li



Around this time last year, many retail crypto investors subscribed to the economic theory that cryptocurrency hard forks — the ones that result in ...
14-12-2018 21:16

eToro Launches #WelcomeToTheClub Premier League UK Campaign



This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn?t responsible for any dam ...
14-12-2018 21:16

Newsflash: Bitcoin Price Slinks Below $3,175 for First Time



In what is becoming a disturbingly common occurrence, the bitcoin price on Friday set yet another fresh yearly low, slinking below the $3,200 mark for ...
14-12-2018 21:16

BitMart Launches International Blockchain Incubation Platfor



This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn?t responsible for any dam ...
14-12-2018 21:16

Porsche Arranges $170m Loan Using BBVA?s Blockchain Platform



Prestige car-maker Porsche has arranged a loan to back its proposed strategic acquisitions using Spanish-bank BBVA?s ever-developing distributed ledge ...
14-12-2018 21:16

(+) Ripple Update: Bulls Poised to End Bear Market



The post (+) Ripple Update: Bulls Poised to End Bear Market appeared first on CCN ...
14-12-2018 21:16

While Several VCs Exit, Binance Expands Crypto Incubator to



Many venture capital firms have broken deals with companies in the crypto sector over the past several months. Barry Silbert, the founder and CEO of D ...
14-12-2018 21:16

XYO Network Partners With Esri For Blockchain Enabled Geogra



XYO Network, a blockchain-based geographic information system (GIS) with an Ethereum token and its own blockchain network, announced today a partnersh ...
14-12-2018 21:16

VanEck Crypto Chief: Insurance Needs More Regulation Than Cr



Following recent comments by Allianz CEO Andreas Utermann calling for cryptocurrency to be outlawed, VanEck Head of Digital Assets Gabor Gurbacs has s ...
14-12-2018 21:16

Blockchain Development is LinkedIn’s Biggest Growing J



Today, Microsoft-owned LinkedIn released its top 5 emerging careers, where it listed  ?Blockchain Developer? as its biggest growing job sector for 201 ...
14-12-2018 21:16

Pay up or Else: Bitcoin Bomb Threat Emails Show up in New Ze



Investigations are underway in Australia and New Zealand following reports of bomb threats where the sender is demanding a payment in bitcoin failure ...
14-12-2018 21:16

Dallas Crypto Startup Ordered to Repay Investors $2.7 Millio



The Dallas-based crypto startup AriseBank has been ordered to repay investors to the tune of $2.7 million to fix allegations that the firm was defraud ...
14-12-2018 21:16

PayPal Gets into Blockchain, But Only Internally Among Emplo



Payments platform PayPal has so far avoided Bitcoin acceptance and, at least visibly, not considered blockchain for its platform. Now, it has launched ...
14-12-2018 21:16

To The Moon! Bitcoin Space Travel Gets Closer As Virgin Gala



Billionaire Richard Branson appeared to cry tears of joy when his ?Bitcoin-friendly? Virgin Galactic reached the edge of space for the first time Dece ...
14-12-2018 21:16

Russia Says Venezuela’s Petro Acceptance ‘Not Ha



Russia has not discounted the idea of using state-issued cryptocurrency Petro in commercial operations with Venezuela. Russia: No Petro Payments ‘Y ...
14-12-2018 21:16

Market Analyst Tom Lee Says ‘Fair’ Price of Bitc



Fundstrat Global Advisors Head of Research, Tom Lee, holds that the current price of Bitcoin is wrong based on a range of factors. The BTC permabull h ...
14-12-2018 21:16

Ethereum Price Analysis: Ether Burns to a Crisp



Ethereum has turned into an unattended dumpster fire. Let’s take a look at the Ethereum price analysis and see what it will take to turn the price a ...
14-12-2018 21:16

Allianz Asks to Ban Crypto After Calling Bitcoin a ‘Bu



Allianz CEO has called on global regulators to outlaw cryptocurrency, contradicting the company’s chief financial advisor, who said Bitcoin would be ...
14-12-2018 21:16

The Future of Crypto



When the crypto bull market was still in session, the next big thing for Wall Street was set to be Ethereum futures. Now it seems they’re back on th ...
14-12-2018 21:16

The HTC Exodus 1 ‘Blockchain Phone’ is Here and



This week saw the first reviews of the HTC Exodus 1 blockchain phone, as ‘Genesis Block’ pre-orders started to ship. However, threatening to steal ...
14-12-2018 21:16

U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Sc



Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole ?29 million (about $32.5 ...
14-12-2018 21:16

Markets Update: Bears Continue to Drag Cryptocurrency Prices



Digital asset prices have been dipping in value again after a few days of price consolidation. At the moment, the entire cryptocurrency economy is awf ...
14-12-2018 21:16

These Two Analogies Will Help You Explain Bitcoin to Anyone



Explaining Bitcoin to someone who knows nothing about Bitcoin isn?t easy. In fact it?s fiendishly tricky. Describing concepts such as blockchain, dece ...
14-12-2018 21:16

New Bitcoin ATM Tracker Site Launches in Russia



A new website showing a map of cryptocurrency teller machines and other points of sale has been launched in Russia. The platform currently provides in ...
14-12-2018 21:16

The Daily: Crashing Crypto Trader Shares Advice, Bitcoin Ban



In Friday?s installment of The Daily, we update a story we first reported on yesterday ? the closure of stablecoin project Basis. Its team have now gi ...
14-12-2018 21:16

Chatter Report: Voorhees Questions ?Smart Money?, Sechet Exp



In today’s Chatter Report, Erik Voorhees criticizes cryptocurrency-focused venture capital firms for reneging on their signed term sheet deals. Also ...
14-12-2018 21:16

 

 
Crypto currency
Crypto Charts
 


 
 

Would you like your blog and posts leave here?


 
         

Categories


News most viewed Today

Kenyan Restaurant Offers Bitcoin Payment Option and Cryptocurrency Lessons

Kenyan Restaurant Offers Bitcoin Payment Opti...

One local restaurant in Kenya is allowing customers to pay using Bitcoin and other cryptocurrencies. Apart from that, the owner of the establishment is also offering tutorial lessons on how to use cryptocurrency. Going Global with Bitcoin... -
MenaPay – The Stablecoin for Daily Payments

MenaPay – The Stablecoin for Daily Paym...

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges... -
Pay up or Else: Bitcoin Bomb Threat Emails Show up in New Zealand and Australia

Pay up or Else: Bitcoin Bomb Threat Emails Sh...

Investigations are underway in Australia and New Zealand following reports of bomb threats where the sender is demanding a payment in bitcoin failure to which they will detonate an explosive device. The emails are believed to be similar to the ones... -
Tom Lee Declines to Update Year-End Bitcoin Price Forecast

Tom Lee Declines to Update Year-End Bitcoin P...

Outspoken Bitcoin bull Tom Lee is one of the cryptocurrency’s biggest cheerleaders, and has made a number of lofty price predictions that have unfortunately fallen short. With the price of Bitcoin hitting new one-year lows after the break of... -
SEC Cracks Down on ICO-Funded Start-Ups

SEC Cracks Down on ICO-Funded Start-Ups

The SEC is tightening the screws on projects that raised funds through the ICO route. Those in violation may have to refund the investors? money or shut down. U.S.-Based ICOs Under Scrutiny In a crackdown on blockchain start-ups that raised... -
Former AriseBank Execs Settle Charges in SEC ICO Fraud Lawsuit

Former AriseBank Execs Settle Charges in SEC ...

The SEC has settled charges with AriseBank\'s former CEO and COO, requiring the two to pay $2.7 million in disgorgement and $187,000 in penalties. -
EOS Price Watch: Bulls Getting Back on Their Feet

EOS Price Watch: Bulls Getting Back on Their ...

EOS Price Key Highlights EOS price appears to be forming a double bottom on its 4-hour time frame, signaling that the downtrend may be over. Price has also formed slightly higher lows to mark the start of an ascending channel on its 4-hour time... -
TRON Launches Accelerator Program for DApp Developers

TRON Launches Accelerator Program for DApp De...

TRON Launches Accelerator Program for DApp Developers Decentralized Internet project TRON (TRX) is launching a $1 million accelerator program to support developers building DApps and products on the TRON protocol, according to a press release shared... -
PayPal Gets into Blockchain, But Only Internally Among Employees for Now

PayPal Gets into Blockchain, But Only Interna...

Payments platform PayPal has so far avoided Bitcoin acceptance and, at least visibly, not considered blockchain for its platform. Now, it has launched an internal blockchain-based employee incentive program. A production of PayPal?s innovation lab,... -
BlackRock, the World’s Largest Asset Manager, is Exploring Cryptocurrencies

BlackRock, the World’s Largest Asset Ma...

Six months after its chief executive lambasted bitcoin as an ?index of money laundering,? BlackRock — the world?s largest exchange-traded fund (ETF) provider — has set up a working group to explore how to profit from the burgeoning... -

More Blogs


 
- English ------------------------------
Interior Design & Decoration    
decoclub.net facebook twitter
decorationandstyle.com facebook twitter
decobuzz.net facebook twitter
Food & Recipes
elclubderecetas.com facebook twitter
yoursecretrecipes.com facebook twitter
cryptomoneymagazine.com facebook twitter
thevegetarianrecipesclub facebook twitter
Motor
motorwebs.net facebook twitter
motorchannel.net facebook twitter
Luxury
Luxuryblogs.info facebook twitter
 
 


---------------------------------------
beauty & Cosmetics    
cosmetiks.net facebook twitter
thebeautytrends.net facebook twitter
thebeautytv.com facebook twitter
beautyandcosmetics.net facebook twitter
Healt&Fitness
healthfitnesstrends.net facebook twitter
Weddings
weddingsclub.org facebook twitter
Moms & Babies
themomsmeeting.com facebook twitter
buzznewbaby.com facebook twitter
Iphone & Android
hablandodemac.net twitter
 
 
-----------------------------------------
Fashion & Style    
fashionblogsclub.com facebook twitter
Travel
yoursecrettravel.com facebook twitter
secretsofjapan.net facebook twitter
Fragrance
thefragrance.info facebook twitter
Architecture
thearchitectureclub.com facebook twitter
thearchitectureinsight.com facebook twitter
 
 
 
 
 
 
--- Español ---------------------------------
Fashion & Blogs    
Blogueras.net facebook twitter
Recetas
elclubderecetas.com facebook twitter
cryptomoneymagazine.com facebook twitter
thevegetarianrecipesclub.com facebook  
Decoracion
decoclub.net facebook twitter
decobuzz.net facebook twitter
Bodas
hablandodebodas.com twitter
Belleza
cosmetiks.net facebook twitter
elperfume.info facebook twitter
 
 

 

--------------------------------------
Motor    
motorwebs.net facebook twitter
videosdemotor.net facebook twitter
Salud
hablandodesalud.net facebook twitter
info-salud.net facebook twitter
Viajes
hablandodeviajes.com facebook twitter
secretsofjapan.net facebook twitter
TV-cine
adictoalatv.com twitter
videosdecine.info
Corazon
famoseo.org twitter
----------------------------------
Libros    
librorama.net twitter
Madres    
elclubdelasmadres.com facebook twitter
Mac Android    
hablandodemac.net facebook twitter
Lujo    
Luxuryblogs.info facebook  
clubblogueras@gmail.com