https://bitcoinmagazine.com/.image/c_fit,cs_srgb,q_auto:good,w_620/MTg5Njg4NTIwOTk3NzQxNzY1/reward-epochs.pngReviewing the difficulty changes in Bitcoin’s history demonstrates that the practice of mining is near-perfectly competitive and is becoming increasingly so. As of the date of this writing, block 737,000, Bitcoin is almost two-thirds into its 366th difficulty epoch. A difficulty epoch is a period in which 2,016 blocks are added to Bitcoin’s ledger, ideally […]
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