BitcoinWisdom - Live Bitcoin/Cryptocurrency charts

The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit https://bitcoinwisdom.com/bitcoin/difficulty)

The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit https://bitcoinwisdom.com/bitcoin/difficulty) submitted by MotherSuperiour to Bitcoin [link] [comments]

The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit https://bitcoinwisdom.com/bitcoin/difficulty)

The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit https://bitcoinwisdom.com/bitcoin/difficulty) submitted by CBDoctor to litecoinmining [link] [comments]

The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit https://bitcoinwisdom.com/bitcoin/difficulty)

The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit https://bitcoinwisdom.com/bitcoin/difficulty) submitted by majidhucien to u/majidhucien [link] [comments]

The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit https://bitcoinwisdom.com/bitcoin/difficulty) /r/Bitcoin

The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit https://bitcoinwisdom.com/bitcoin/difficulty) /Bitcoin submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Why is the Data shown on bitcoinwisdom.com/bitcoin/difficulty not updated for the last 12 days?

The difficulty shown on (bitcoinwisdom.com/bitcoin/difficulty) is 12 days old for both BTC and LTC!
Can someone contact them to get it fixed? thank you!
submitted by bpitdi to Bitcoin [link] [comments]

Why is the Data shown on bitcoinwisdom.com/bitcoin/difficulty not updated for the last 12 days? /r/Bitcoin

Why is the Data shown on bitcoinwisdom.com/bitcoin/difficulty not updated for the last 12 days? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Difficulty and Hashrate Chart - BitcoinWisdom

submitted by bVector to NSL [link] [comments]

Bitcoin Difficulty and Hashrate Chart - BitcoinWisdom

submitted by bVector to NSL [link] [comments]

How can I start mining bitcoin

I have been interested in mining bitcoin but don't know how to mine or what equipment to use and would love to learn mining
submitted by memesterking to BitcoinBeginners [link] [comments]

Is there any decent comparison of mining rigs through bitcoin's history?

I remember back when I first heard about Bitcoin around the first bubble, and I had a friend who ordered miners from some kickstarter that never showed up. Fun times.
I'm curious about how the arms race has progressed and I'm looking for some kind of historic comparison of how much hashrate you could buy for ~$500 at various points in BTC's history, including back when it was graphics cards and CPUs. Any good place for that info?
submitted by AppleGuySnake to Bitcoin [link] [comments]

Difficulty decreasing

The projected next difficulty adjustment just went negative. Been a really long time since this happened last.
submitted by cryptoguy66 to BitcoinMining [link] [comments]

Possible hash rate reversal

Something very interesting that has happened which I haven't seen anyone comment on yet is the possible hash rate trend reversal. I've been keeping an eye on the bitcoin hash rate the last few weeks. As the price dropped I thought that with enough miners going offline there would be a chance of chain death, but watching it for 4 weeks I found my fears unfounded! However, I found it fascinating that even in this bear market, with price dropping for the past year, the hash rate still increased significantly until Oct. You can view the historical hash rate here:
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#log
Since October, hash rate has been going down, which I was able to find also happened in Aug - Nov 2011. The bottom of the hash rate could be argued to be 20th / 27th Nov or 13th Dec. Price bottomed out during that time 21st November (I wasn't around during that time, have only been in the space for a year and was reading a coindesk article talking about price historical price highs and lows).
I've been watching hash rate for the last few weeks at this site:
https://bitcoinwisdom.com/bitcoin/difficulty
Looking at the most recent hash rate, it seems we're possibly back on the way up, with a hash rate reversal. I think it's still too early to know for sure, but seems to be a strong indication of hash rate rebounding. Another 12-24 hours I think should confirm it.
I am not calling the bottom, as there is no confirmed pattern here, more a hunch and some interesting metrics that are lining up, plus no one knows the future. However I am putting this forward as an interesting metric to discuss, as well as a possible reason for the increase in longs we've seen in the last few hours. Not sure if this is a lead measure or a lag measure, but worth discussing.
I'd be interested to hear what other people's thoughts are!
edit: Spelling and Grammar
edit2: This got a bit off topic, above when saying chain death, I was referring to chain death spiral, so not using correct terminology which may have contributed to the below discussion. Would prefer to move conversation to the original observation of hashing increase though.
submitted by longtermsugar to BitcoinMarkets [link] [comments]

Will the next difficulty adjustment lower difficulty?

Just looking over the charts here it looks like there will be a lower difficulty after the adjustment on/around Nov. 24th.
Would this attract more miners and in turn increase overall hash power?
submitted by Pixaritdidnthappen to Bitcoin [link] [comments]

Bitcoins hashrate & difficulty levels have been on an epic bull run

A year ago on Aug 24 2017, the mining difficulty and hash rate was considered to be off the charts high. The network was battle tested for over 8 years and the hashpower just kept increasing nearly the whole time. 1 year ago the the idea of becoming a profitable miner required a seriously major investment...I recall thinking that "this hash rate rate can't possibly continue to climb at this rate, it MUST be near the max."
3 days ago was Aug 24 2018...a full year later and the Bitcoin mining difficulty increased to 6,727,225,469,722....One year earlier it was 888,171,856,257 you see how many times it doubled in the last year? The predicted increase for the next adjustment is 7.1%!!
Now a 7.1% increase of last years difficulty level is considered a lot, but 7.1% of the current level is like adding 50% to what it was a year ago. That's hard to comprehend it's so high, and this is a bear market, right? Who could be investing so heavily into mining?
The power of this compounding growth is simply incredible....The money going into large mega scale Bitcoin mining is unfathomabley huge...Is there estimates or data regarding how much fiat is being invested into mining? How much fiat is going into R&D of state of the art tiny nanometer ASICs?
If mining hashpower was not a relevant metric for Bitcoin price valuation a year ago, it most certainly is today and is becoming more and more relevant every 2 weeks. We are talking serious investment.
To put this in perspective the last 2 difficulty increases alone, are very near equal to the entire difficulty of the network this time last year!! That's over 8.5 years of Bitcoin mining hashpower growth in just 4 weeks.
Holy F'n Sh1t! Miners and venture capital have been very very busy and surprisingly it's not so overt.
At this rate it will double in 3 months...would that happen in a bear market? To me this is some of the most bullish data available. I also live in Quebec and in the last few months it's become known the miners are here in a big way.
This site is an excellent tool to reference the hashpower and difficulty over time. (There are several good sites, I just like this one) https://bitcoinwisdom.com/bitcoin/difficulty
submitted by Rellim03 to Bitcoin [link] [comments]

I see BT for BCH is down to 528s and BTC is down to 455. I'm guessing this is the December batch of antminers coming online? Should see a massive profitability downswing when the difficulty adjusts next?

submitted by waltwalt to BitcoinMining [link] [comments]

"The Flippening" explained, how BCH will take over BTC.

https://www.reddit.com/btc/comments/7cg9y2/bitcoin_btc_to_bitcoin_cash_bch_mass_migration/dppwbmf/
[–]tachikoma01 an hour ago
Could you explain to me how the hashing power influence the price of the crypto please?
Here it is:
1) There is a mass migration from BTC to BCH going on.
2) But BTC was saved from massive price crashing, because people couldn't escape fast enough, their sell transactions weren't being mined, so they couldn't confirm.
3) There are currently 180,000 unconfirmed transactions stuck in the Bitcoin system (https://jochen-hoenicke.de/queue/), many are people rushing to sell BTC to buy BCH.
4) Transactions are averaged around 400bytes (https://charts.bitcoin.com/chart/transaction-size), since Blockstream Core insisted on keeping block size at 1MB, you only confirm about 2500tx per block on BTC. (https://blockchain.info)
5) Bitcoin has a built-in system that automatically adjust the mining difficulty, so regardless of what the total hash rate is, you'll still end up with roughly 10 minutes per new block mined, this is known as the "difficulty adjustment".
6) The difficulty adjustment is not instant, it is only recalculated every 2016 blocks (https://en.bitcoin.it/wiki/Difficulty), under normal circumstances, it readjusts every 2016 x 10 minutes, or every 14 days.
7) If the hash rate increased before the adjustment block, then new blocks will appear faster than normal.
8) If the hash rate decreased before the adjustment block, then new blocks will appear slower than normal.
9) The problem we have here is, when Bitcoin Cash was created a few months ago (cloned from Bitcoin), we knew Bitcoin was going to have a lot more hash rate than Bitcoin Cash, so we couldn't clone the difficulty adjustment algorithm, we had to use our own. Otherwise Bitcoin Cash would need 20*10, or 200 minutes to mine a block (assuming Bitcoin Cash only had 5% of Bitcoin's hash power).
10) Bitcoin Cash was created in an emergency situation, so we didn't have much time to work on the difficulty algorithm, it was a rushed job and it didn't work well, it was good enough to help Bitcoin Cash survive, but not good enough to have a smooth curve, it was always either way too difficult or way too easy, new blocks were created either way too quick or way too slow, and it took too long to readjust again.
11) At this moment Bitcoin Cash is too easy to mine (was 4 times easier than normal, even more when BCH was worth more), about half the miners from BTC went to mine BCH instead, because it's more profitable.
12) Back to the 180,000 unconfirmed BTC transactions stuck in the system, normally, it takes 10 minutes to mine a block and confirm 2500tx, but now it takes 20 minutes per block because half the miners went to mine BCH.
13) 20 minutes per block * (180000tx/2500tx per block) = 24 hours. So it'd take 24 hours mine all the stuck tx and clear the jam, IF, and only IF there are no new transactions constantly coming in.
14) There are always new tx coming in, and old tx are being mined with half the miners, so we ended up with people waiting 72hrs and still couldn't get their BTC tx confirmed.
15) This would not happen if Blockstream Core increased the block size from 1MB to 2MB, but they deliberately stalled for years, so that one day they can force people to use their sidechain service by paying them fees (this is officially admitted by Blockstream).
16) BCH is currently too easy to mine, the new BCH difficulty adjustment algorithm (DAA) will improve the situation, it'll be much smoother at keeping the difficulty at around 10minutes per block regardless of hash rate changes, it'll no longer be too easy or too hard to mine for a sustained period of time.
17) The new algorithm will drive miners back to mine the more profitable BTC, at least until BCH is worth more than BTC to mine, some say the flippening price is about $4000, where BTC drops below $4000 and BCH goes above $4000, at which point, BCH will be more profitable to mine again, even with the new DAA.
18) Once that happens, BTC will likely enter a death spiral, because BTC is still using the 14days difficulty adjustment period.
19) The next difficulty adjustment block for BTC is 1842 blocks from now (https://bitcoinwisdom.com/bitcoin/difficulty).
20) This make it the perfect time to strike BTC, normally 1842 blocks @ 10mins per block, takes 13 days for the next readjustment.
21) But if we can push BCH's price towards $4000, and drive BTC's price down towards $4000 within a few days, then 10 days for the next readjustment can turn into 20 days (if BTC loses 50% miners), 20 can turn into 40 (if BTC loses 75% miners), eventually BTC will enter a death spiral and get stuck for months, during which its price will crash beyond recovery. This is known as the "flippening".
22) Flippening is what the people are currently working on, people are tired of paying $50 fee and waiting 24 hours to confirm a simple transaction on Blockstream Core's Bitcoin, that's just not how Bitcoin was designed to work.
23) We're going in for the kill, it might not happen tomorrow, but it will happen one way or another.
submitted by Gregory_Maxwell to btc [link] [comments]

It’s halvening-halvening!

We've just mined block #525000! Wohoo!
That means right now we're exactly halfway between Bitcoin's second and third halvening (the point in time where the block-reward drops by 50%, which happens every 210000 blocks or ~4 years). Why does this matter? Well, it means only half as many coins are being put into circulation, and thus only half as many new coins can potentially be sold to interested buyers. Supply vs. demand, yada, yada... the price should increase!
The last halvening took place on July 9 2016, which is 1 year 10 months 20 days ago (a total of 689 days). That means we are statistically about 41 days ahead of schedule to reach this halfway-point (which would be 730 days per design)! Thanks to the ever-rising hashing power, blocks have been found quicker than the targeted 10 minutes mark - and of course there's always variance!.
Sooo... where does that leave us?
When do you think this exciting day is going to take place? Any guesses? Let's revisit in approx. 2 years and figure out who won!
submitted by underkuerbis to Bitcoin [link] [comments]

Buy S9s or wait for next generation?

I've mined before and I'm thinking of going into it on a larger scale. But I'm worried purchasing November batch S9s is a bad idea. What are your outlooks on the hash rate increases for the next 4-8 months? On when next generation miners will be released? I just don't want to buy these only to have them outdated two months later.
submitted by Lord_Pickel to BitcoinMining [link] [comments]

Bitcoin hash rate and difficulty forecast continue significant decline. Currently half way to next adjustment and diff. decline at 9.71%

https://bitcoinwisdom.com/bitcoin/difficulty
Wowza. It will be interesting to see where this starts to level off.
submitted by gta3uzi to Bitcoin [link] [comments]

bitcoin difficulty drops 15.13%

bitcoin difficulty drops 15.13%
Massive drop, read a blog that mentioned the last time this happened was in 2011, don't think it's relevant, but history wise it's interesting.
I got the image below from this site.

https://preview.redd.it/7pr8madq85221.png?width=578&format=png&auto=webp&s=4e7220cafcb06ff8d8c56b299c5aae23d4c050dd
submitted by provoko to btc [link] [comments]

Last Difficulty increase was the biggest since Feb 2016 in percentage terms

submitted by orpel to Bitcoin [link] [comments]

What did I calculate wrong?

Alright, so I'm thinking about getting into mining Litecoin. I've never mined before, and sadly, my computer, even though it's great for gaming, just won't cut it because of ASIC computers. So I was looking at this one and it said the hash rate was 13.5 TH/s so I went to this website to see how much that would equate to in USD. It says I'd make more than $2 million every month, which I know is very very far off. But what did I do wrong to calculate it?
submitted by Ruben_Samich to CryptoCurrency [link] [comments]

Bitcoin Wallet Generator Can Bitcoin Survive a Difficulty Crash? Week's Top News + Ripple's xRapid, BTC Difficulty - Today's Crypto News Genesis Mining and big Bitcoin difficulty Update Bitcoin mining in South Africa Turn Key Bitcoin Mining Solution

BitcoinWisdom; Bitstamp 0; BTC-e 0; Bitfinex 0; OKCoin 0.00/ 0; LTC/USD 0; MARKETS. BTC-e: BTC/USD BTC/EUR BTC/RUR BTC/CNH LTC/USD LTC/EUR LTC/RUR LTC/CNH LTC/BTC: Bitstamp: BTC/USD: BTCChina : BTC/CNY LTC/CNY LTC/BTC: QuadrigaCX: BTC/CAD: Bitcoin.de: BTC/EUR: Coinbase: BTC/USD: Huobi: BTC/CNY LTC/CNY: OKCoin: BTC/CNY LTC/CNY: Kraken: BTC/EUR LTC/EUR: Bitfinex: BTC/USD LTC/USD LTC/BTC: 796 ... The difficulty. Green line The estimated next difficulty. Blue line Average block generation time of 2016 blocks. Block generation time is also known as confirmation time. Grey line Average block generation time of 1008 blocks. If grey line less than blue line, The generation time is decreasing. Live Bitcoin/Litecoin/Ethereum price charts with EMA, MACD and other indicators However, the two cryptocurrencies with difficulty are Litecoin and Bitcoin. On the Mining aspect of the site, there are 4 information you will find; Bitcoin Difficulty Chart, Bitcoin Mining Calculator, Litecoin Difficulty Chart and Litecoin Mining Calculator. Features of BitcoinWisdom. 1. Mining Calculator: There are 2 types of Mining ... Bitcoin Continues To Police Itself. Data from statistics resources Blockchain and Bitcoin Wisdom confirms that the Bitcoin network’s most recent difficulty adjustment was up, not down, by just over 10 percent. ‘Difficulty’ refers to the ease with which miners can solve equations to validate a block of transactions in the Bitcoin blockchain.

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Bitcoin Wallet Generator

On this episode we talk about bitcoin mining, options and the current state of things. Spondoolie.com Bitcoin Difficulty: https://bitcoinwisdom.com/bitcoin/d... Turn Key Bitcoin Mining Solution BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork http://youtu.be/oB... Sign Up Now : https://ethtrade.org/@305759 ETHTRADE Get up to 25% of your passive income every month due to ETH (ethereum) Bitcoin and Dollar trading on the ... The bitcoin mining difficulty has seen three consecutive significant declines over the past adjustments, putting it at risk of a 51% attack. How serious is this risk, and what can we expect for ... This video is unavailable. Watch Queue Queue. Watch Queue Queue

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