The difficulty adjusts. Your expectations should too.Satoshi Nakamoto (not really)
Bitcoin self-corrects every 2,016 blocks. Your $1 million price target by end of month does not self-correct.
The Real Bitcoin Concept
Bitcoin Mining
Bitcoin mining is the process of using computational power to validate transactions and add new blocks to the blockchain. Miners compete to solve a cryptographic puzzle (finding a valid SHA-256 hash), and the winner earns newly created Bitcoin plus transaction fees. The difficulty of this puzzle automatically adjusts every 2,016 blocks to maintain the target of one new block every ten minutes, regardless of how much computing power joins the network.
THE SATOSHI TAPES
If you liked this quote, you'll love hearing Satoshi's voice. 21 comedy podcast episodes of fake intercepted transmissions from the creator of Bitcoin.
Listen Now →Keep Satoshi Talking
Every donation funds another intercepted transmission. Probably.
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