Bitcoin Mining Just Became More Efficientby@philippkallerhoff
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Bitcoin Mining Just Became More Efficient

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Bitcoin mining is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records. Bitcoin mining machines are rewarded for supporting this process with a block reward and transaction fees. While the Bitcoin price increased 123,365.64 times since 2010, the difficulty increased 49,928,366,166,166 times. The more hash power a miner provides, the higher the reward. Bitcoin difficulty has increased 105% on average over 90 days without any Bitcoin price change, which we will call “Hardware appreciation”

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