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A comment on Is This the End of Crypto?. Parent comment

Re:Is This the End of Crypto? by stephc_int13 on Thursday November 17, 2022 @02:53PM (#33644647)
Is the difficulty dropping because miners are then racing against less miners, or is it a different mechanism?
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Re:Is This the End of Crypto? by Kranar on Thursday November 17, 2022 @03:20PM (#33645053)
Different mechanism, Bitcoin's difficulty adjusts based on how quickly blocks are mined so that on average 1 block is mined every 10 minutes.

The protocol adjusts every 2016 blocks, if it takes longer than two weeks (20160 minutes) to mine the 2016 blocks then the difficulty decreases, if it takes less than two weeks to mine 2016 blocks then the difficulty increases.

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