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Hands-On Bitcoin Programming with Python

You're reading from Hands-On Bitcoin Programming with Python Build powerful online payment centric applications with Python

Product type Paperback

Published in Aug 2018

Publisher

ISBN-13 9781789537000

Length 90 pages

Edition 1st Edition

Languages

Python

Tools

Bitcoin

Concepts

Cryptocurrency

Author (1):

Harish Garg

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Table of Contents (10) Chapters

Title Page

Packt Upsell

Contributors

Preface

1. Getting Started with Bitcoin FREE CHAPTER

2. Programming Bitcoin and Blockchain with Python

3. Earning Bitcoin Programmatically

4. Bitcoin Data Analysis

1. Other Books You May Enjoy

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Index

Increasing difficulty in mining bitcoin

Because of the increasing competition and difficulties, there are many factors that must be borne in mind when mining bitcoin, as shown in the following list:

Bitcoins are getting more expensive day by day because of competition
Many supercomputers across the globe are in competition to mine the next block and bitcoin
As the number of bitcoin miners has increased, it has become more problematic and overpriced to start mining new bitcoin

For example, the following screenshot shows a chart of how the difficulty of bitcoin mining has been increasing; for more information refer to https://bitcoinwisdom.com/bitcoin/difficulty. This particular chart shows values from the last two months. This recent trend reflects the increasing difficulty that began when bitcoin was first created:

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Authors (1)

Harish Garg

Harish Garg

BignumWorks Software LLP is an India-based software consultancy that provides consultancy services in the area of software development and technical training. Our domain expertise includes web, mobile, cloud app development, data science projects, in-house software training services, and up-skilling services

See other products by Harish Garg

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