Mining crypto currency through mining machine could’ve been profitable but i just learn that mining crypto currency through machine is difficult, why? What’s your idea.
Mining crypto currency through mining machine could’ve been profitable but i just learn that mining crypto currency through machine is difficult, why?
What’s your idea.
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The reason for this is that the difficulty of mining Bitcoin changes over time. When there is more computing power collectively working to mine for bitcoins, the difficulty level of mining increases in order to keep block production at a stable rate. Less computing power means the difficulty level dRead more
The reason for this is that the difficulty of mining Bitcoin changes over time. When there is more computing power collectively working to mine for bitcoins, the difficulty level of mining increases in order to keep block production at a stable rate. Less computing power means the difficulty level decreases. With more participants and more computing power, the so-called โhashpowerโ of the entire network increases accordingly. This is also referred to as the mining difficulty or difficulty. It is said also that Mining difficulty in the Bitcoin network is adjusted automatically after 2,016 blocks have been mined in the network.
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