01-08 23:13 - 'You're not very smart, are you? There are five different development teams working on Bitcoin Cash. It's not centralized. It wasn't premined (although there wasa problem with difficulty adjustment causing blocks to be...' by /u/Jonathan_the_Nerd removed from /r/Bitcoin within 35-45min
''' You're not very smart, are you? There are five different development teams working on Bitcoin Cash. It's not centralized. It wasn't premined (although there wasa problem with difficulty adjustment causing blocks to be generated too quickly). Its advantage over other altcoins is that it's nearly a drop-in replacement for Bitcoin. ''' Context Link Go1dfish undelete link unreddit undelete link Author: Jonathan_the_Nerd
05-27 09:26 - 'That's a misconception. The fees *will* cover the costs because the difficulty will drop and revenue will increase until enough miners leave to bring revenue in line with cost. / The real problem is that the cost of mining may not...' by /u/sos755 removed from /r/Bitcoin within 4-9min
''' That's a misconception. The fees will cover the costs because the difficulty will drop and revenue will increase until enough miners leave to bring revenue in line with cost. The real problem is that the cost of mining may not be sufficient to protect the network from a 51% attack, and the root of that problem is a tragedy-of-the-commons. Hopefully, in the next several years, miners will come up with a way to manage the max block size in order to maximize total fees. ''' Context Link Go1dfish undelete link unreddit undelete link Author: sos755
Im Bitcoin-Netzwerk herrscht ein Konsens über den aktuellen Stand aller Konten. Alle Teilnehmer sind sich einig, welche Transaktion passiert ist und welche nicht. Wenn die Block-Zeit zu kurz ist, kann es passieren, dass nicht alle Teilnehmer rechtzeitig vom neuen Block gehört haben. Gerade wenn die Größe der Blöcke steigt, kann dies, bei mangelnder Bandbreite, zu einem Problem werden. Im ... The Bitcoin Network Difficulty Metric The Bitcoin network difficulty is the measure of how difficult it is to find a new block compared to the easiest it can ever be. It is recalculated every 2016 blocks to a value such that the previous 2016 blocks would have been generated in exactly two weeks had everyone been mining at this difficulty. This will yield, on average, one block every ten ... Network Difficulty A relative measure of how difficult it is to mine a new block for the blockchain. 30 Days 60 Days 180 Days 1 Year 3 Years All Time. Raw Values 7 Day Average 30 Day Average. Linear Scale Logarithmic Scale. More about this chart. Explanation. The difficulty is a measure of how difficult it is to mine a Bitcoin block, or in more technical terms, to find a hash below a given ... The math problem that these mining computers solve serves no purpose other than to secure Bitcoin's network from attackers wishing to "double spend". Miners are not creating a massive rainbow table or computing the human genome. As more computers are thrown at the problem, and hardware advances, the problem is artificially made more difficult to compensate. This seems incredibly wasteful to me ... Difficulty is re-calculated every 2016 blocks to ensure blocks are found every 10 minutes on average. As more computers attempt to mine Bitcoin Core (BTC) and increase the Hash Rate, the difficulty will increase. If the Hash Rate decreases, difficulty will decrease.
How Bitcoin mining actually works - What is the ...
In this video I explain how to fix the stale / invalid share which is a common problem for beginners when crypto coin mining. I explain what causes stale / i... This video is unavailable. Watch Queue Queue The Bitcoin Cash difficulty adjustment algorithm (DAA) was activated in a rush on Nov 13, 2017 to fix some extreme mining profitability and hashrate swings that occurred starting August 1st. On this episode of the BCH Coffeehouse Livestream, the topic revolves around Improving the Difficulty Adjustment Algorithm in Bitcoin Cash. Featured guests include: Jacob Elisosoff Tom Harding ... In this video I try to breakdown the "cryptographic problem" that people reference when they talk about bitcoin mining.