The difficulty adjustment can decrease profits for miners as the difficulty increases just as newer, more efficient hardware is released.
This is an opinion editorial by Alex, a bitcoin miner with Kaboomracks.
It is important for individuals looking at bitcoin mining for the first time to understand the importance of Bitcoin’s difficulty adjustment as well the impact this has on mining profitability. Many newcomers to bitcoin mining will consult the profitability of an ASIC on a mining calculator, expecting that that profitability will stay relatively the same going forwards in the future. This is a misunderstanding as the profitability of any given machine, trends downwards over time. Increases in difficulty should be understood before purchasing an ASIC.
A simple way of understanding this is comparing an ASIC to any other electronic device. The longer the device is in use, the less relevant it is as new software requires more computing power. If you were to use an iPhone from 6
We współpracy z: https://bitcoinmagazine.com/markets/understanding-bitcoin-hash-rate-increases
