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What is Mining Difficulty?

April 30, 2020

iquest; Why é Does the level of difficulty change in mining?

In Bitcoin, the mining protocol stipulates this very clearly Each block should be dismantled every 10 minutes. This tells us that the miners You must appear in front of a puzzle that takes 10 minutes to solve. However, the computing power of computers continues to develop.

In fact, bitcoin mining has moved beyond that from mining in computers to GPUs (graphics cards) to FPGAs and now ASICs. These last swith very powerful hardware that can perform mining calculations very quickly and efficiently. This performance increase in the hands of the miners means that they can now solve the puzzles faster.

So í that to avoid this The Mining Difficulty value is adjusted from time to time to maintain mining balance, and each block is created every 10 minutes.

What is the current difficulty?

What is Mining Difficulty?What is Mining Difficulty?

The difficulty of the current mining can be determined from several locations. In this link you can recognize it very quickly and easily. Remember that It’s just a number, but its value for Bitcoin is crucial.

What is the maximum and minimum possible level of difficulty?

The maximum difficulty is practically infinite. This is due to the fact that there is no minimum goal. So í This value is given by the equation:

Difficulty = difficulty_1_target / current_target

Where current_target = 1. The real maximum difficulty, however, is when current_target = 0, but that will never happen.

On the other hand, the minimum difficulty if the target or the target is at the maximum allowable value it is 1. That’s because in Bitcoin, a low goal increases the difficulty of generating Bitcoin, while a maximum goal makes the difficulty as low as possible.

Where can we see this value?

There are several ways to check the level of difficulty of mining. However, it is easiest for block researchers. So í for example We can see this information in this block explorer: nbsp;

https://lh3.googleusercontent.com/HZbz9SWYcDK5NLuNPrYncZb3_PfWyQmqADGP2YsNgV8o72IB1fFy-JnvRT-Th8gGmMC3UvEi3s26xhNclAEElQWNw7MtDn7ZVhIrOeqE3Gou1Yc1huR6Ny2UL7QZBXlovPsv4v-r

This is possible because The value of the mining difficulty currently active for the network is stored in each block. So í From every explorer we can check and see if the level of difficulty is the same.

However, if you want to see more information and information from different cryptocurrencies, You can check this web. nbsp;

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