bitcoin difficulty 2015

Difficulty: Bitcoin Difficulty: 711,697,198,174 Estimated Next Difficulty: Adjust time: Hashrate(?): 5,079,543,675 GH/s Block Generation Time(?): Updated: Chart Explained The difficulty.The estimated next difficulty.Average block generation time of 2016 blocks.Block generation time is also known as confirmation time.Average block generation time of 1008 blocks.If grey line less than blue line, The generation time is decreasing.The more grey line is lower than blue line, the faster generation time is decreasing.After 2016 blocks generated, Bitcoin will adjust difficulty to estimated difficulty in order to keep the block generation time at 600 seconds.Difficulty History Date Difficulty Change Hash Rate Jun 17 2017 711,697,198,174 5,094,526,985 GH/s Jun 04 2017 678,760,110,083 4,858,754,124 GH/s May 23 2017 595,921,917,085 4,265,775,241 GH/s May 10 2017 559,970,892,891 4,008,427,786 GH/s Apr 27 2017 521,974,519,554 3,736,439,151 GH/s Apr 13 2017 520,808,749,422 3,728,094,244 GH/s Mar 30 2017 499,635,929,817 3,576,533,297 GH/s Mar 17 2017 475,705,205,062 3,405,230,497 GH/s Mar 03 2017 460,769,358,091 3,298,315,540 GH/s Feb 18 2017 440,779,902,287 3,155,225,442 GH/s Feb 04 2017 422,170,566,884 3,022,014,630 GH/s Jan 22 2017 392,963,262,344 2,812,940,600 GH/s Jan 10 2017 336,899,932,796 2,411,623,656 GH/s Dec 28 2016 317,688,400,354 2,274,102,150 GH/s Dec 15 2016 310,153,855,703 2,220,167,778 GH/s Dec 02 2016 286,765,766,821 2,052,749,317 GH/s Nov 18 2016 281,800,917,193 2,017,209,539 GH/s Nov 05 2016 254,620,187,304 1,822,642,296 GH/s Oct 22 2016 253,618,246,641 1,815,470,125 GH/s Oct 08 2016 258,522,748,405 1,850,577,916 GH/s Sep 25 2016 241,227,200,230 1,726,771,560 GH/s Sep 12 2016 225,832,872,179 1,616,574,667 GH/s Aug 29 2016 220,755,908,330 1,580,232,344 GH/s Aug 15 2016 217,375,482,757 1,556,034,316 GH/s Aug 02 2016 201,893,210,853 1,445,207,896 GH/s Jul 18 2016 213,492,501,108 1,528,238,850 GH/s Jul 04 2016 213,398,925,331 1,527,569,009 GH/s Jun 21 2016 209,453,158,595 1,499,324,110 GH/s Jun 08 2016 196,061,423,940 1,403,462,340 GH/s May 24 2016 199,312,067,531 1,426,731,353 GH/s May 11 2016 194,254,820,283 1,390,530,167 GH/s Apr 28 2016 178,659,257,773 1,278,892,782 GH/s Apr 14 2016 178,678,307,672 1,279,029,147 GH/s Apr 01 2016 166,851,513,283 1,194,369,655 GH/s Mar 18 2016 165,496,835,118 1,184,672,491 GH/s Mar 04 2016 158,427,203,767 1,134,066,098 GH/s Feb 19 2016 163,491,654,909 1,170,318,852 GH/s Feb 07 2016 144,116,447,847 1,031,625,717 GH/s Jan 26 2016 120,033,340,651 859,232,121 GH/s Jan 13 2016 113,354,299,801 811,421,684 GH/s Dec 31 2015 103,880,340,815 743,604,444 GH/s Dec 18 2015 93,448,670,796 668,931,642 GH/s Dec 06 2015 79,102,380,900 566,236,898 GH/s Nov 24 2015 72,722,780,643 520,569,941 GH/s Nov 11 2015 65,848,255,180 471,360,171 GH/s Oct 29 2015 62,253,982,450 445,631,364 GH/s Oct 15 2015 60,883,825,480 435,823,399 GH/s Oct 01 2015 60,813,224,039 435,318,014 GH/s Sep 17 2015 59,335,351,234 424,738,988 GH/s
Bitcoin Sign up or log in to customize your list._ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 3 down vote favorite Bitcoin mining difficulty has been through some interesting ups and downs lately.(I've supplied snapshots below to give context for future readers) Considering its long history of pretty much only going up for years, I'm wondering what people involved with mining should think about this.jual bitcoin hardwareSome base questions: What is the primary cause?ethereal in linuxAre miners leaving as new ones come it, or are new ones no longer interested?ice vault bitcoinWhy are miners leaving/not starting?litecoin buy local
If it truly is leveling, or at least resuming a slight growth pattern, how does this affect Bitcoin price in general?What about during "events" such as halving of the block reward?In principal, should Bitcoin value be related to difficulty in a predictable way, and is this leveling something that facilitates that or not?Lastly, does a stable difficulty help encourage Bitcoin's use in anyway?In other words, if people aren't getting into mining but are getting into Bitcoin, do they generally consider difficulty as a factor in this decision?ethereum chart 2014I'm not necessarily asking that you answer all those questions.bitcoin mining in hindiInstead, I'm trying to show that I am interested in how an extended period of leveled and stable difficulty, as we seem to be heading into (Spring 2015), affects the economics of Bitcoin mining and use.
Here's snapshots of that page (clickable): difficulty mining-profitability mining-hardware hashpower user-base up vote 3 down vote It's pretty easy.The first asics where based on 90's technology, current asics are almost cought up now to recent chip technology.So the asic industry has camped 15 years of tech advancement into 2 years.Every couple of months the new asics where more than twice as fast.That caused the rapid hash increase.Now that they are caught up with current tech we will go back to 10% efficienty increase per year again.Like in the gpu days.Back then the difficulty raised very slowely because gpu's also had a 10% efficienty increase per year on avarage.When gpu's came to the scene you saw the same rapid growth that flattned again when everybody had switched to gpu's.The only reason it was just a short period is because retail gpu's where allready in line with the chiptechnology of the time.Now that asic efficienty improvements are in line with the industry the only way to increase hashpower is to have more machines instead of ever faster machines.
All that you are seeing is growth in hashes per watt flattning out, and with it difficulty growth flattning.up vote 2 down vote I'm a newer enthusiast to the world of Bitcoin and Bitcoin mining, but I can try to help answer your questions as best as possible (or more just take a shot in the dark for fun): My guess is that the cause of this slight loss of momentum in the mining difficulty is because, yes, new miners are becoming discouraged and not joining.In 2015, mining is straight-out not profitable unless you unload a few hundred/few thousand dollars into the best hardware.A hash rate of 100 Mh/s off of a common laptop used to be phenomenal and lucrative.Now, thanks to the influx of people building mining rigs that reach up to terahashes per second, new miners, and even current miners with smaller hash rates are beginning to lose interest in a realm of computational giants.The centralization of mining of the decentralized currency is beginning to discourage people.
As I said, people are getting discouraged that only investing tons of money can put you on the map, and therefore less and less people are starting to throw themselves in.This is probably completely inaccurate, but since I'm a beginner, I'll go ahead and try and see if this is anywhere near correct: The value of the bitcoin will not fluctuate as much due to mining trends as it will with usage and popularity.Sure, increase in difficulty does technically mean that the coin is becoming more and more secure encryption-wise, but the coin only has as much value as people believe it does, which is why as it becomes more and more popular and more and more applicable, its value is not only going to stabilize but perhaps increase.(I'm not an economist, I'm a hobbyist, I apologize if that's completely wrong) I don't think so.Again, yes, difficulty does indirectly equal how secure the currency is, however I would like to think that there are other far more significant factors that economically impact the Bitcoin in greater ways than mining difficulty, seeing as the network is already as big as it is today and is not going to lose huge amounts of difficulty (and if it does to a certain extent, profitability in mining will spike and miners will return to mining).
As Bitcoin matures, lots of the mining aspect of it is becoming abstract to the public, which is really the concept this answer is revolving around.As time goes on and mining becomes exclusive to people who have the best hardware (slowly centralizing the currency, and hence, defeating one of Bitcoin's original purposes), the general public will not even discover the wonders of mining, know the current difficulty, or try to achieve a profitable hash rate--just as people do not know or attempt to replicate the technicalities of minting dollar bill.In 2015, yes, people are still considering difficulty when they choose to begin to use Bitcoin because it's a signal as to whether the Bitcoin community is thriving or in distress.I think that people see the stabilizing difficulty as a temporary stabilizing of the encryption behind the currency itself and not as much its practical application.However, in the future, if Bitcoin survives the next few years, difficulty may become obsolete to the next guy starting to use Bitcoin.