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Mining Difficulty of Bitcoin Rises All Time High Days Before Halving

microunit

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Following Bitcoin's halving that will take place in a few days from now which will reduce mining rewards in a block from 1800 BTC to 900 BTC, Mining difficulty of the #1 cryptocurrency rises all time high to 16.1 trillion, This is following the last days were the bitcoin price Jumped from 7000$ to 9000$ in course of a few days
 
What are you talking about here? The price of bitcoin has been hovering around 9,000 USD since a few days ago. It hasn't break past 10,000 mark.

True but 15000 still quite away isn't it ? I mean achievable but might get delayed. Specially if a downtrend comes which is very true in many aspects. As bitcoin went up from below 4000 to 10000 quite a lot so may be time to turn opposite. Coin lifecycle suggests so though we are never sure of future.
 
Very likely the price of Bitcoin may not drop this time as the number of bitcoin to be mined will likely get reduced, with this your write up, investing now will be a good idea.
As mining is been reduced , I think the supply will reduce and merge with the demand to make the price more higher
I think its best to invest now
 
Without passwords and such, I don't know. Could the family contact the owners of say like Coinbase or something like that. I mean I know Facebook detects a user's death through posts of condolences and such but how about this one
I think if the person gives his family or any relative his password , they can still access his account since the person is not using a finger print to access his bitcoin account
But its just a mere password and not finger print
 
As mining is been reduced , I think the supply will reduce and merge with the demand to make the price more higher
I think its best to invest now
That's of it, mining is not been reduced rather the volume of bitcoin mined per block was reduced after the Halving making it more expensive to mine.
 
Not the volume, but the bitcoin reward given to miner after each block is mined.



Depends on how many active miners there are, bitcoin mining automatically adjusting the difficulty - meaning if there are less miners, the difficulty decreases.
Considering the Fame in bitcoin there are more active miners now than before and very likely the miners will be increasing while the reward might be decreasing giving rise to price of bitcoin.
 
Bitcoin fame has nothing to do with how many miners there are. Miners are there for profit, if by their calculation the profit is not enough they won't joins the mining operation.
The fame of a coin also play role in the activities of mining , majority of miners prefer mining bitcoin because of the fame and the value.
 
Instead of using the word "fame," I think the correct term here is "popular." I remember how last year a big mining company based in China shifted their focus from bitcoin to monero because mining bitcoin no longer profitable for them.
 
Instead of using the word "fame," I think the correct term here is "popular." I remember how last year a big mining company based in China shifted their focus from bitcoin to monero because mining bitcoin no longer profitable for them.
Well I believe both could be used interchangeably, I agree with you that mining companies do weigh the profitable coins to mine and get more profit, monero is cheaper to mine compare to bitcoin base on what I read but I was thinking the time taken to mine monero equivalent to bitcoin value might be longer.
 
Due to increasing in people it get halved in other terms publicity increases there is a demand in minning a coin so we need to t to a roverb make hay while the sun shines
 
Due to increasing in people it get halved in other terms publicity increases there is a demand in minning a coin so we need to t to a roverb make hay while the sun shines

Unless I misunderstood your post somewhere....

No, it's not halving because of increasing demand from people. Also, the mining demand was dropping a little bit since the price is stuck below $9,000 for a while now.
 
I always wondered what would happen to bitcoin earned by someone who died. I have a friend who never uses their bitcoin even at times of need, even during this pandemic, and I jokingly asked him how would your bitcoin matter if you were dead!
I guess some bitcoin sites do require the address of the person opening the account ,and also their kyc details ,I think they can be traced incase of such scenario
 

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