mining Mining difficulties are determining factors of the increase in BTC

[Donslens10 0]

Although there are currently more than 4 million mining equipment operating in the Bitcoin network, the demand for mining machines in the market would be one and a half million more units to add.
The increase in difficulty is coupled with the increase in processing power on the network, which has also been touching its maximum historical levels recently. Even, the miners reached the milestone of 100 trillion hashes per second (EH / s) of processing, coinciding with the release of more powerful and efficient mining equipment.
Is good to know, the high demand for mining equipment corresponds to the profitability levels that Bitcoin mining activity has shown since its creation, only 10 years ago.  🙄

[lucky80 1046]

Exactly, this is what I meant. Demand for mining equipment proves that bitcoin has sustainability and unlimited prospect. Plus, the reduction in mining reward that will occur every four years will create a higher price. The gain should have happened because bitcoin is the parent of cryptocurrency.

Edited October 12, 2019 by lucky80

[Caporetto 327]

I honestly believe the chinese miners crashed BTC from 6k to 3k last year to buy cheap coins and get more profit on their bussiness. Its not as decentralized as we think.

[seriousguywithfunnypants 266]

4 hours ago, Donslens10 said:

Although there are currently more than 4 million mining equipment operating in the Bitcoin network, the demand for mining machines in the market would be one and a half million more units to add.
The increase in difficulty is coupled with the increase in processing power on the network, which has also been touching its maximum historical levels recently. Even, the miners reached the milestone of 100 trillion hashes per second (EH / s) of processing, coinciding with the release of more powerful and efficient mining equipment.
Is good to know, the high demand for mining equipment corresponds to the profitability levels that Bitcoin mining activity has shown since its creation, only 10 years ago.  🙄

Agreed. Also, cryptomarket cartels (who are dominating the price) don't want to stay behind the network difficulty. If BTC is not profitable then miners will leave and this will effect the price. Cartels trying to keep the profitability level at -at least- minimum levels

[Donslens10 0]

2 hours ago, lucky80 said:

Exactly, this is what I meant. Demand for mining equipment proves that bitcoin has sustainability and unlimited prospect. Plus, the reduction in mining reward that will occur every four years will create a higher price. The gain should have happened because bitcoin is the parent of cryptocurrency.

Always to take scalability into account, crypto does not only imply money, it implies technology my friend.

1 hour ago, Caporetto said:

I honestly believe the chinese miners crashed BTC from 6k to 3k last year to buy cheap coins and get more profit on their bussiness. Its not as decentralized as we think.

First time I read this theory, interesting, I will search more about your words, it makes perfect sense

1 hour ago, seriousguywithfunnypants said:

Agreed. Also, cryptomarket cartels (who are dominating the price) don't want to stay behind the network difficulty. If BTC is not profitable then miners will leave and this will effect the price. Cartels trying to keep the profitability level at -at least- minimum levels

Very true with this, if Btc is not profitable, society leaves it. But considering that it is the lam adre of the cyptos it is always about giving it a strong sense, keeping it afloat in the market, although being the first one with respect to blockchain should not be left alone, simply help not to be Pond, is the root of this world.

[Donslens10 0]

Can lead it, but it is just one of many things that happened and happen, it is indisputable to think and keep this technology, it would be absurd to leave the root of everything mine, it would be like a heavy blow.

[Akbor 1042]

Yes now days demand of mining equipment is increasing day by day. this sign says that the world is becoming very much interested about crypto currency.

[Crypto123 0]

Yes, this is a well-known fact that the higher the number of miners on the network, the greater the difficulty of mining and vice versa. That is, whatever the number of miners decreases, the greenhouse decreases. This equilibrium was put in place to obtain a constant percentage of time needed to find a single bitcoin mass which is about 10 minutes.

[magd 5231]

The overcrowding on mining equipment and devices manufactured by companies and the value of exploration above the limits of hertz has a lot of effect on raising the price and this competition has led to a problem among some players who appeal to computer companies that they suffer from the high price of graphics cards due to the crowds of miners with them

[bliznec 22267]

Newer equipment appears, for mining devices, thereby increasing profit. Mining companies produce ASIC devices, and they do it very well. Ahead of Halving Bitcoin. 

[bentayebsalah 2280]

Mining becomes more difficult as the total number extracted from bitcoin is approached, because it becomes difficult to prospect for bitcoin, and this is what precipitates miners using larger and stronger devices.

[scorpiali 5626]

The difficulty to mine bitcoin depend on the price if the price are low the difficulty are to hard and if the price is to high the mining is very easy and we can see a multi website are open to use this service and then close when the price is down 

[kadayakito 765]

mining is very difficult and it gets harder and harder every day, sometimes it is not beneficial to, for example, me, I think I need a solution in terms of equipment, need stronger and more powerful equipment. along with the most advanced assistive technology possible.

[jacker 1095]

Yes, mining is getting harder and harder because of the increasing number of people involved in the exploitation. Old tools or equipment may not be suitable anymore. Exactly for a year I was mining useless bitcoin, in return I mined some dogecoin. operators need new solutions

[Thekingcallme 1975]

Yes, this is true with the increasing difficulty of mining in bitcoin. This makes the price of bitcoin increase and rise, as miners continue