# Bitcoin next difficulty

## ⑴According to the current Bitcoin difficulty, how long does it take to mine a Bitcoin at a speed of 1T

If I calculate it, it is about 0.13, one day, and the daily income is 500 +yuan

## 2 How long does it take to mine a bitcoin

Bitcoin is a network virtual currency. The Bitcoin network generates new bitcoins through “mining”. The so-called “mining” is essentially using a computer to solve a complex mathematical problem to ensure the consistency of the distributed accounting system of the Bitcoin network. Assuming that the mining computing power is 100Mhash/s and the total daily computing power is 4000Ghash/s, then 3600 bitcoins can be mined every 24 hours.

China’s computing power has accounted for more than 75% of the world’s total, which means that 75% of the world’s bitcoins are made in China. So how long does it take to mine a bitcoin?

In the past, bitcoin was very easy to “dig”, and it could be done by ordinary computer CPU. Just download the software to “solve the problem” automatically. However, as the currency price rises, more and more people want to “solve the problem”, and mining becomes more and more difficult. Now, the amount of computation required to mine a Bitcoin is simply beyond the reach of ordinary people, so don’t even think about ordinary computers.

Industry insiders said that in 2014, 500,000 yuan of electricity produced 100 bitcoins per day, and the electricity cost alone cost 5,000 yuan per piece. But by now, the same cost has more than doubled, with electricity costs as high as 10,000 yuan per bitcoin.

In the generation mechanism of Bitcoin, the mining reward is decreasing. At the beginning of Bitcoin’s birth, miners could get 50 bitcoins for each page of the ledger, and then 25 bitcoins were rewarded for each page, which decreased in turn. Just like digging for gold, you dig a lot at first and then less and less. Every time the new reward is reduced by half, it is called the Bitcoin production halving.

Assuming that the mining computing power is 100Mhash/s, the total computing power per day in 2014 is 4000Ghash/s, and 3600 bitcoins are mined every 24 hours.

Now, we can understand the difficulty of mining Bitcoin in this way, which is equivalent to throwing a number less than 100,000,000 from 100 million dice. Whoever throws it first will get the accounting right. At this time, 100 million and 50 is a hash value, the process of throwing dice is called hash collision, and the unit of mining computing power is how many hash collisions per second.

At present, the computing power of the entire Bitcoin network reaches 2.36 trillion hash collisions per second, which is equivalent to the number of water droplets in more than 200,000 standard swimming pools with a length of 50 meters. But even with such a large computing power, it takes about 10 minutes to collide with a hash value that meets the requirements.

Bitcoin had its first production halving in 2012. In July 2016, Bitcoin had its second production halving. The current reward for recording a page of the ledger is 12.5 bitcoins. The next halving will take place around 2020, and the total number of bitcoins will not increase by 2040, and the total number will be 21 million.

Related video: How long does it take to mine a bitcoin

## ⑶How long does it take for bitcoin to increase the difficulty

Bitcoin updates the calculation difficulty after every 2026 data blocks (every A block of data includes 25 or so bitcoins), which should be updated once today or tomorrow.
The further back, the longer it takes to calculate each data block, and the lower the update frequency of the calculation difficulty.

## ⑷ Bitcoin mining difficulty, what is Bitcoin mining disaster

What most businessmen and speculators are interested in is always something that can be turned into money immediately, Bitcoin It is one of them, due to the professionalism of asic chips, which leads to the market separation of Bitcoin mining and other altcoin mining.
When the vast majority of graphics card mining machines and CPU mining machines have a mining accident, the bitcoins mined with asic mining machines will not be affected. As the first big guy in virtual goods, he has become the currency circle. There is a deep-rooted belief in it, and the total amount of 21 million also determines the transaction type and value-added of Bitcoin.
Although Bitcoin has begun to be recognized by most people now, it has not been able to truly replace the world’s currency to complete its original purpose, but it has become a collectible beyond gold, the inflation of currency, the reduction of the total amount of mines , coupled with the increased difficulty of mining, all determine its future market prospects, and the value-added is already a certainty, so people will squeeze their heads to mine, because the bitcoins dug are actually collectibles that are worth more than gold

## ⑸ As the mining difficulty increases, what will happen to Bitcoin in the future? Is there any prediction that the emperor will

Bitcoin will be on the rise in 10 years?

## ⑹ After the mining difficulty increases, Bitcoin will be on the rise What’s in the future

Bitcoin currently seems to have no future! After all, Bitcoin is a huge Ponzi scheme!

## ⑺ What is the value of Bitcoin mining difficulty? How much will it rise in the future?

Since August this year, Chinese miners, so-called miners, have dominated the price of Bitcoin. From August to DecemberThe skyrocketing increase at the beginning of the month was entirely caused by the increase in mining cost and difficulty caused by the accumulation of miners. At the same time, there were also many crazy coin speculators. The increase from 2,000 to more than 5,000 in three months was a supplementary flower for many people. The Dumpling Palace is a myth, but Bitcoin is not a security, so there is no risk prevention and control. The central bank “recommends” based on transaction security considerations (because it is only recommended that there are currently no travel regulations) third-party payment institutions stop providing payment to Bitcoin trading platforms and Withdrawal service, the bitcoin trading price plummeted within four days of the news. Today’s price is less than 3,000. However, according to the market analysis, the price may still recover. The price fell due to the emergency avoidance measures that caused the transaction payment barrier, but it seems that this will create a new group of speculators. The price drop gives speculators a new opportunity to re-enter the game, so my conclusion is that the price It will rise, but it will not be as crazy as before. It is estimated that it will eventually stabilize after twists and turns. I boldly estimate that after two or three months of tossing, the final price is estimated to be around 3500, and the rise and fall will also be significantly reduced. It is difficult Hundreds and hundreds of ups and downs like now, as a senior miner, I hope my answer will be helpful to you, haha, if it is correct, it will not be powerful.

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