Difficulty of mining, what should be taken into account about Bitcoin and the altcoins?

The difficulty of mining matters a lot and you have to take it into account, how?

We will show that it is not proportional to the final result, depending on the mining time and the current global power.

Know the mining difficulty of each crypto

All trained miners know how far we can get with our equipment and whether these will influence much or little in increasing difficulty. As a result, we will know what we can generate daily or even weekly. The longer the calculation of the mining difficulty the smaller the success. The ups and downs of power called “hash” are very frequent and hardly fit into an exact calculation.

The higher hash power the fewer coins are generated, but the trust rises because of the mining support. The higher hash support, the more you can raise the price of the cryptocurrency. Is not always that way.

During the day the crypto miners from around the world, they analyze which of the major currencies offers the best results. They study meticulously if, in terms of power and performance of the machines, these result in good benefits. Since it is worldwide support for all crypto coins, the difficulty of mining does not stop oscillating. Many decide to undermine a particular currency like Bitcoin because of its relative potential stability.

Others decide to mine altcoins, which are more complicated to calculate because of their uncertain nature. Only a few “altcoins” have strong support from the mining crypto community. Still, secondary currencies such as Ethereum and Litecoin, which are recognized in exchanges that accept Fiat, (euro or dollars), are babies compared to Bitcoin.

Choosing a coin crypto and watching for a few days its difficulty of mining, will give us an approximate image of how much we can generate approximately during a time.

Usually happens that a major project is launched and in the beginning the mining difficulty is very low, thus generating many coins.

The difficulty of crypto coins increases

A clear example is the chain of blocks of Bitcoin. For now, it is the one that more power of mine is throwing to the network.

Bitcoin Difficulty: 1,123,863,285,133
Estimated Next Difficulty: 1,083,132,717,506 (-3.62%)
Adjust time: After 653 Blocks, About 4.8 days
Hashrate(?): 8,426,749,911 GH/s
Block Generation Time(?):
1 block: 10.5 minutes
3 blocks: 31.6 minutes
6 blocks: 1.1 hours
A brutality of power to this day: 9,427,648.54 Th / s

The price of changing currency crypto

Anyone looking at calculation pages like Coinwarz, Wahttomine or Mycryptobuddy will know what I’m talking about.

It is very difficult to do real calculations, but the most important thing is if we are working with algorithms based on dedicated computers (ASICs) or graphics (GPU). We introduce our total power of mine, the approximate consumption (we will need a device that calculates the consumption wats) and look at the difficulty of cryptocurrencies in general.

About 12 algorithms in total, I may miss some, we have to do our tests. The most famous: sha256, ethhash, equihash, srcypt, x11G

It is best to do it for a whole day and take time to analyze the result. Since they oscillate a lot, the result can be favorable and surprising. The mining pools aside from paying for the work done, also provide benefits for all the miners. This distribution is done depending on the blocks found and the probability of power thrown, that is, the individual percentage of each one.

It is often surprising that we have received an extra coin and that the blockchain is rewarding its miners. Although it is difficult to mine crypto coins, the difficulty sometimes plummets and we benefit. Confidence in a currency crypto will be the result of a good long-term job.

The great difficulty now will be to choose well the new equipment, Asics or GPU, for tastes there are colors.