3 ms·
Mining difficulty has been rising exponentially for months. http://bitcoindifficulty.com/ http://bitcoindifficulty.com/
by Xdes 13y ago
Mining difficulty has been rising exponentially for months.
http://bitcoindifficulty.com/ http://bitcoindifficulty.com/
- Nursie 13y agoWhile this is interesting, there's no direct link between that dictates increasing the difficulty has to increase the value, especially as new (ASIC) methods come online. In fact exponential difficulty rising doesn't even necessarily mean more people getting into it, just more people moving to higher hash-rate machines. The opposite may well be true - higher value may well lead to more mining as it becomes economically viable to commit more funds to the activity.