LogFAQs > #950763226

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Topic	Stock Topic 22
Colegreen_c12 02/17/21 7:51:19 PM #7:	Lopen posted... Keep in mind mining bitcoin actually becomes more difficult by design as more and more of it gets mined out of the system Just to clarify mining difficulty increases due to competition not due to passage of time. Assuming equivalent competition the difficulty could stay stagnant for 10 years. What does happen is each successful "mine" (or block) becomes worth less. Similar but a little bit different since that only happens once every 4 years when it halves and the next one is years away --- DPOblivion beat us all. <cite>Colegreen_c12 posted [p:950763226] in Stock Topi... [t:79301581]...</cite> <quote>Lopen posted... </cite> <quote>Keep in mind mining bitcoin actually becomes more difficult by design as more and more of it gets mined out of the system</quote> Just to clarify mining difficulty increases due to competition not due to passage of time. Assuming equivalent competition the difficulty could stay stagnant for 10 years. What does happen is each successful "mine" (or block) becomes worth less. Similar but a little bit different since that only happens once every 4 years when it halves and the next one is years away --- DPOblivion beat us all.</quote> ... Copied to Clipboard!
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