The complexity of mining Bitcoin has risen more than 10%
The sharp appreciation of the value of Bitcoins observed earlier this month, as well as the growing number of next-generation chips are among the major factors in the increased complexity of mining 10.44%.
We all still remember the growth of Bitcoin in early November, but it also led to another extremely important phenomenon - an increase in the number of used "iron" for mining.
Miners are known to earn in two ways. The first method is a reward for the found block, which is 25BTC about every 10 minutes. The second way is the commission for the transaction. The reward for the found block is also a mechanism for the production of new Bitcoins. And because the more you work, the greater your reward, miners naturally will be the first to try and involve more and more computing power.
In order to speed the creation of units it was stable, Satoshi Nakamoto introduced a rule that the complexity of the network is updated after every 2016 units, or approximately once every two weeks. And according to Bitcoin Wisdom, on Tuesday, November 24 the complexity grew by 10.44%.
The last time such a sharp rise was recorded November 5, 2014 - 10.05%. Moreover, the same Bitcoin Wisdom predicts that in two weeks the difficulty will increase by 10.25%.
Some miners complain that the increasing complexity leads to a reduction in their earnings, but at this point definitely has: the growth rates Bitcoin grows and the number of people who can make a profit at the expense of mining. This in turn encourages a greater part in the security network leads to an increase in complexity of mining.
And as more dissemination of the next generation of miners, the release of which have already announced a number of companies, it is expected that the complexity will continue to balance the additional hash rtg online.