The knock - on effect of Bitcoin ’s price increase , to over $ 1 in the last month , is that more people are making a profit from mining . As a consequence , the network difficulty has increased by 10.44 % . Bitcoin creator , Akira Nakamoto , built in a new difficulty update every two years , or every 2016 blocks . In addition , three of the top players are currently releasing next - generation chips , hence the trend of double - digit rises in difficulty look set to continue .
The knock-on effect of Bitcoin’s price increase, to over $200 in the last month, is that more people are making a profit from mining. As a consequence, the mining difficulty has risen by 10.44%. Bitcoin creator, Satoshi Nakamoto, built in a network difficulty update every two weeks, or every 2016 blocks. In addition, three of the top miners are currently releasing next-generation chips, hence the trend of double-digit rises in difficulty look set to continue.