Understanding Bitcoin Hash Rate Increases – Bitcoin Magazine

This is the opinion editor of Alex, a bitcoin miner with Kaboomracks.

For those new to Bitcoin mining, it is important to understand the importance of Bitcoin difficulty regulation and its impact on mining profitability. Most newcomers to bitcoin mining will consult their ASIC profitability in their mining calculator and expect that profitability to remain relatively the same in the future. This is a misunderstanding, like the profitability of any machine, it tends to decline over time. The increase in difficulty should be understood before purchasing an ASIC.

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