3 ms·
Sort of. All things being equal, lower difficulty means more profitable. But the difficulty is updated every 2 weeks (1440 blocks) to try and stay at 10 mins be
by mustyoshi 5y ago
Sort of. All things being equal, lower difficulty means more profitable. But the difficulty is updated every 2 weeks (1440 blocks) to try and stay at 10 mins between blocks, so any profitability bump will only last for up to 4 weeks (the first retarget may not be fully enough if the hashrate drop occurs in the middle)
- Taek 5y agoI think you've got that backwards. Profitability doesn't go up until the difficulty adjusts. Once the difficulty adjusts, it's cheaper to mine each Bitcoin and everyone who still has a rig running will make more money. The increased profits will continue until everyone who was displaced from China can find a new home, but this isn't going to be a quick process, Bitcoin requires enough datacenter space that all the Bitcoin-ready datacenters outside of China are already full!