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
Bitcoin scalability problem exists because of the limits of the maximum amount of transactions the bitcoin network can process. It is a consequence of the fact that blocks in the blockchain are limited to one megabyte in size. So, the current blockchain size is 1 MB, the blockchain scalability problem takes place to be. Bitcoin blocks carry the transactions on the bitcoin network since the ... 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. Bitcoin’s hash rate, after registering an all-time high on 1 March 2020, fell drastically as an unexpected crash in Bitcoin’s price wiped away its 2020 gains. The fall in hash rate transpired as more and more miners left the network due to mining unprofitability. This fall in hash rate was the largest ever decrease in […] 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 ... 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 ...
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. Mining Bitcoin at home is no longer profitable, the Bitcoin mining network difficulty is rising much faster than the Bitcoin price. Lets review Bitcoin Minin... 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... In this video I try to breakdown the "cryptographic problem" that people reference when they talk about bitcoin mining.