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Bitcoin's #difficulty adjustment counters #Moore's Law. It ensures the electro-computational cost of hashing remains high, no matter how fast and efficient our computers become, by increasing the hashing difficulty ad infinitum.

Bitcoin ASICs chase an ever-receding horizon. No amount of ASIC efficiency will make the Bitcoin network use less energy. This high physical cost for producing Bitcoin or updating its ledger is a core feature, not a bug. We WANT it to be too physically expensive for any centralized entity to write the ledger. That is the primary #mechanism of Bitcoin's decentralization.

The 2nd-order effects of this are also highly beneficial for humanity. #Energy producers and chipmakers are financially incentivized to find better/cheaper energy sources and more efficient computers to gain a temporary comparative advantage in hashing. The end result is more abundant energy, faster and more efficient computers, and more secure ledger. #Mining

It's a win-win-win.

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⚡️ @TutorialBTC
#JUSTIN: Bitcoin #mining #difficulty sets a new all-time high above 136 TRILLION

#Network is stronger than ever.

🔹 Dificuldade da Rede Bitcoin: Regula, a cada 2 semanas, a competição entre os mineradores (Máquinas computacionais avançados) para decifrar o cálculo matemático do próximo bloco/10min.

Indicadores:
- bitrawr.com/difficulty-estimator
- bitinfocharts.com/comparison/bitcoin-difficulty.html
- insights.braiins.com/en/
- mempool.space/graphs/mining/hashrate-difficulty#1y

#StudyBitcoin@TutorialBTC
#Miner Strategy Shifts: An Analysis of #MPI, #Difficulty, and #Fees

“The combined signals from MPI, difficulty, and fee metrics reveal a clear departure from past patterns. Miners appear increasingly focused on accumulation, while the network itself grows stronger.”

Read More | By Avocado_onchain
#HISTORY: Satoshi Nakamoto Explained ‘Difficulty Adjustment’

“As computers get faster and the total computing power applied to creating bitcoins increases, the #difficulty increases proportionally to keep the total new production constant. Thus, it is known in advance how many new bitcoin will be created in the future.”

#Mining@TutorialBTC
#POW@TutorialBTC
Bitcoin difficulty just retreated, but a more critical “survival metric” signals the mining sector is bleeding out
#Analysis #Featured #Mining #difficulty #adjustment #hashrate #hashprice

via Bitcoin (BTC) News | CryptoSlate