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For anyone who is entering the Bitcoin mining industry, difficulty is one of the most important statistics to track on a regular basis. There are plenty of different factors to look at when it comes to figuring out whether or not a Bitcoin mining operation is going to be profitable, and difficulty is one of the more difficult variables to predict. While other costs such as hardware and electricity are somewhat transparent, changes in Bitcoin difficulty can come out of nowhere and have a massive impact on one’s share of the total network hashrate.
The Bitcoin Center in New York City is opened to the public since the beginning of 2014 and it welcomes more than 200 visitors every other day. Which is not surprising, considering that it is located in the heart of New York City’s financial district, only a few feet from the New York Stock Exchange. This first physical Bitcoin Center in New York regularly hosts crypto-trading events, educational classes, co-working sessions and even Bitcoin job fairs!
Business has never been better in the world of bitcoin mining. The amount of investment and new businesses popping up in the bitcoin mining space has increased rather dramatically over the course of 2014, and there’s never a dull week in this particular part of the bitcoin industry. Let’s take a closer look at some of the bigger stories from the past few weeks.