What is Difficulty in Bitcoin?

Can someone help me understand how the difficulty number relates to the block hash? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

On Bitcoin Core developer mailing list: Hardfork to fix difficulty drop algorithm suggested to take care of potential drop in number of miners after the halvening this July. However, if a hardfork is considered anyway, then why not increase block size in that same hardfork while we're at it?

submitted by r5t6y7 to Bitcoin [link] [comments]

The EDA on Bitcoin Cash does not break the definition of BTC in Satoshi's whitepaper: "the proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they're generated too fast, the difficulty increases."

submitted by cryptorebel to btc [link] [comments]

How to find and use a Bitcoin ATM? - One key obstacle that cryptocurrency adoption is facing in its quest to global adoption is the difficulty to purchase the digital assets. The narrative is changing as the industry continues to witness an influx in the number of Bitcoin ATMs across the world.

How to find and use a Bitcoin ATM? - One key obstacle that cryptocurrency adoption is facing in its quest to global adoption is the difficulty to purchase the digital assets. The narrative is changing as the industry continues to witness an influx in the number of Bitcoin ATMs across the world. submitted by ICODOG to CryptoCurrency [link] [comments]

Bitcoin Mining Difficulty Spikes to Record High in May; Number of Bitcoin ATMs Continues to Climb

Bitcoin Mining Difficulty Spikes to Record High in May; Number of Bitcoin ATMs Continues to Climb submitted by mikegreen121 to Bitcoin [link] [comments]

So difficulty just went up ~17% and the number of unconfirmed transactions is likely to increase. /r/Bitcoin

So difficulty just went up ~17% and the number of unconfirmed transactions is likely to increase. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

12-18 16:32 - 'So difficulty just went up ~17% and the number of unconfirmed transactions is likely to increase.' (self.Bitcoin) by /u/Harucifer removed from /r/Bitcoin within 105-115min

'''
Not to mention fees.
Will devs start doing something about this or are we doomed to no usage whatsoever? People aren't implementing Segwit... Maybe sometimes a temporary solution like a bandaid, or in this case, a slight blocksize increase, can keep a man, or in this case, a cryptocurrency, from hemorrhaging to death.
Also: When was the last time you used Bitcoin to buy anything? And I don't mean when you sold BTC and used the profit to buy something. I mean buying with BTC directly.
'''
So difficulty just went up ~17% and the number of unconfirmed transactions is likely to increase.
Go1dfish undelete link
unreddit undelete link
Author: Harucifer
submitted by removalbot to removalbot [link] [comments]

[uncensored-r/Bitcoin] So difficulty just went up ~17% and the number of unconfirmed transactions is likely to increase.

The following post by Harucifer is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7klkkq
The original post's content was as follows:
Not to mention fees.
Will devs start doing something about this or are we doomed to no usage whatsoever? People aren't implementing Segwit... Maybe sometimes a temporary solution like a bandaid, or in this case, a slight blocksize increase, can keep a man, or in this case, a cryptocurrency, from hemorrhaging to death.
Also: When was the last time you used Bitcoin to buy anything? And I don't mean when you sold BTC and used the profit to buy something. I mean buying with BTC directly.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin Mining Difficulty Spikes to Record High in May; Number of Bitcoin ATMs Continues to Climb

Bitcoin Mining Difficulty Spikes to Record High in May; Number of Bitcoin ATMs Continues to Climb submitted by BitcoinAllBot to BitcoinAll [link] [comments]

08-22 17:32 - 'Here you can find when difficulty adjustment will occur. Graph is hard to see, so scroll down to see the amount of time left: [link] / Here you can see current hash rate (also can scroll down for exact numbers) and how it moves...' by /u/PaydShill removed from /r/Bitcoin within 0-4min

'''
Here you can find when difficulty adjustment will occur. Graph is hard to see, so scroll down to see the amount of time left: [link]1
Here you can see current hash rate (also can scroll down for exact numbers) and how it moves: [link]2
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: PaydShill
1: *ork*lol/pow/r**arg*t 2: *ork*l**/pow/has*rate
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

The recent dip in difficulty may look dramatic, but here are the numbers on the difficulty drops over the past 2yr (comments) /r/Bitcoin

The recent dip in difficulty may look dramatic, but here are the numbers on the difficulty drops over the past 2yr (comments) /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Who remembers the altcoin generator? Feels like it might be time for the hard fork generator. Fill in block number, block size, difficulty algorithm, reward schedule. Go! /r/Bitcoin

Who remembers the altcoin generator? Feels like it might be time for the hard fork generator. Fill in block number, block size, difficulty algorithm, reward schedule. Go! /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How do I estimate network hashing power using the current difficulty and the average number of blocks found during a time period? /r/Bitcoin

How do I estimate network hashing power using the current difficulty and the average number of blocks found during a time period? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Let's change the hard fork trigger to an unconditional block number, and retarget the difficulty based on 3% of bitcoin's hash power.

Let's forget about the 750/1000 case and try to make Classic stand up on its own.
submitted by 1BitcoinOrBust to btc [link] [comments]

[Serious Question] How much trouble could "Ant Bleed" have caused? In terms of difficulty, 51% attacks, etc...I have never seen numbers on the issue. /r/Bitcoin

[Serious Question] How much trouble could submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Is there any technical reason the difficulty is adjusted every 2016 blocks? Why not more or less? How hard is it to change this number? /r/Bitcoin

Is there any technical reason the difficulty is adjusted every 2016 blocks? Why not more or less? How hard is it to change this number? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Is this sentence accurate? "In order to continue earning the same number of bitcoins, your hash rate must increase at the rate of the difficulty rise"

As above. Basically, my understanding is that if I have, say, 100 GH/s of mining equipment, and the difficulty rises tomorrow by 10%, then I will require mining equipment of 110 GH/s to continue earning the same amount of bitcoins (variance and reward-halvings notwithstanding...)
submitted by bobthereddituser to BitcoinMining [link] [comments]

Why can't the size of blocks be adjusted the way the difficulty of mining is every x number of blocks so as to achieve an optimal filled block percentage? /r/Bitcoin

Why can't the size of blocks be adjusted the way the difficulty of mining is every x number of blocks so as to achieve an optimal filled block percentage? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BetOnline Down?

Is BetOnline down for anyone?
I just made a deposit via bitcoin because I found a bet I love, but now when I try to access the site, the page doesn't load up and I get the message "You do not have permission to view this directory or page"
This is on mobile if it makes a difference
Update: It works when I use incognito mode. Thoughts on why that is?
Update: Incognito no longer works. Their twitter said IT is working on it. That was 9 hours ago. 1 hour ago they tweeted that they have technical difficulties and hope to have it up soon. Unfortunately no ETA
Update: Comments made by others have links to A) a possible $50 free roll once the site is running, and B) a BetOnline tweet saying they are under a cyber attack. Not sure what to make of this. Hopefully bankrolls and information are secure
Update: Site is back up, but for me at least, I can only view the help page
Update: Dave Mason has tweeted that funds are safe and pending wagers will be graded. Still no ETA
5:45 PM EST Update: BOL sent out an email saying the site will likely be down throughout the weekend. The Mega Contest and Survivor Contest will exclude week 6 and continue in week 7
8:30 PM EST Update: BetOnline tweets out they have made "significant progress" in the last 24hrs. Hope to provide an ETA soon in r 10 PM EST Update: BOL tweets all funds are safe and pending wagers will be graded. " BetOnline.ag (@betonline_ag) Tweeted: We are happy to update the following commonly asked questions:
  1. All player balances and funds are 100% safe and secure
  2. All pending wagers are still valid
We are rapidly working on an overall solution and hope to have one for you ASAP."
Thank you again for your patience. https://twitter.com/betonline_ag/status/1317642756911734784?s=20
Update: BOL tweets out that they expect all services to be live at some point today
Update: BOL is back online. Not mobile as of now I believe
Edit: Thanks for the award! I don't mind posting any updates I find. I'm just a local degen anxious about when it comes online. All in this together!
Update: They sent an email out with a loyalty bonus 1) A 100% deposit bonus (I nvr take the bonus bc of the rollover) 2) $100 free bet on Bucs v Raiders spread or total. Must be more than $10 wager. A loss will be refunded but those funds will be under a 3x Rollover requirement. If the game is postponed there will be a diff game chosen for the promo in week 8 3) $25 bet pretty much easy money. Bet is for all 3 Thanksgiving day games to combine for over 9 points at even odds.
Must be sure to opt in to the promo beforehand. Check your email. Click the image and enter your acct number to opt in
submitted by fd365 to sportsbook [link] [comments]

On Bitcoin Core developer mailing list: Hardfork to fix difficulty drop algorithm suggested to take care of potential drop in number of miners after the halvening this July. However, if a hardfork is considered anyway, then why not increase block size in that same hardfork while we're at it?

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Time to initiate plan B

Time to initiate plan B submitted by Dawn0fDusk to Bitcoin [link] [comments]

Are blocks mined every 10 minutes, or roughly every 10 minutes? Why the 'roughly'? What is happening that takes 'roughly 10 minutes' but not precisely 10 minutes?

If the thing which takes 'roughly 10 minutes' is a matter of processing power, then why doesn't the general block time decrease as our processing technology improves?
submitted by ElGuapissimo to Bitcoin [link] [comments]

Crypto Mining Difficulty 101 - Everything You Need to Know Best Bitcoin Exchange CoinDaddy ft. Dr. Difficulty Adjustment - BTC Trader Mining Difficulty Explained [2019] Bitcoin difficulty increase

difficulty_1_target can be different for various ways to measure difficulty. Traditionally, it represents a hash where the leading 32 bits are zero and the rest are one (this is known as "pool difficulty" or "pdiff"). The Bitcoin protocol represents targets as a custom floating point type with limited precision; as a result, Bitcoin clients often approximate difficulty based on this (this is ... As the Bitcoin network hashrate goes up - the BTC hashrate numbers get so large that abbreviations must be used. The abbreviations are SI derived units representing the number of hashes performed in a one second time frame. The current Bitcoin hashrate is 146.25 EH/s, representing the global Bitcoin network hashrate with a mining difficulty of 20.00 T at block height 654,160. View the Bitcoin ... The difficulty in bitcoin works in exactly the same way – it’s used to set a target value, ... And seeing as miners are able to generate thousands of numbers (hash values) per minute, bitcoin uses ridiculously big numbers: The numbers in bitcoin are just on a much bigger scale. And due to the fact that there are now thousands of miners trying to find winning numbers, to ensure that a ... Bitcoin difficulty is a value used to show how hard is it to find a hash that will be lower than target defined by system. Bitcoin mining difficulty is changed every 2016 blocks. The difficulty charts show that it has increased significantly. Bitcoin (BTC) Stats. Transactions count, value, Bitcoins sent, difficulty, blocks count, network hashrate, market capitalization...

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Crypto Mining Difficulty 101 - Everything You Need to Know

Bitcoin difficulty increase is to be expected, I'm all in as I upgrade my hashpower with Genesis Mining! ASK QUESTIONS! I will try to help you the best that I can. I also use Genesis Mining you ... For more info concerning Bitcoin wallet card, litecoin wallet card, kindly visit website right here: http://www.cryptocoinwalletcards.com/ Tags: asic bitcoin... https://claymore-dual.github.io/diffi... The network automatically changes the difficulty level for Bitcoin mining to ensure the discovery of a new block every 10 minutes (600 seconds) by miners. I'm racking up the numbers I don't care either way The bitcoin game is a motherfucking arms race I log into my bitmex and fuck all your mom's on Coinbase With my Winklevii eye I spy a great buy ... In this video, I attempt to describe how crypto mining difficulty works and how it affects profitability. I also crunch some numbers to show alternative methods for determining profits based on ...

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