In this article have considered aspects related to the cryptocurrency mining. After reading you will understand why they are increasing in the price or, conversely, are cheapen, and why in different days produced different number of coins.
Every electronic currency, particularly the bitcoin, has a complexity indicator. A number of coins mined per time unit directly depends from it. Than it is higher, the less BTC will be found.
Let’s try to understand the complexity graph of the mining. You can see it like a ladder and changing by sharp “jerks”, after which remains unchanged for some time. You correctly note – this parameter is changed 1 time per 2-weeks period. Now is the most interesting – why this indicator changes in this way?
It’s pretty simple – the developers while designing the Bitcoin system laid specific number of BTC, what will be produced in 2 weeks. If suddenly will be mined more than laid, the mining difficulty will increase, so that the electronic money producing flowed not so soon. If during this time were received less coins than expected, the parameter decreases and bitcoins are mined sooner.
Now we can think about following: if the difficulty parameter of this e-currency is steadily increasing, it means that the number of hashrates, used for its production, is increasing over time. If this number grows, it is logical to conclude that becoming a large number of those who mined coins, and therefore again it can be concluded that more people get information about the cryptocurrency.
If interest to the bitcoin increases, it is logical that over time will increase its cost. Such simple conclusions are justified also for other crypto-money. When increasing the difficulty of its mining, it means that the currency is in demand, and therefore its price will be higher.
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