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Mining difficulty

CRYPTOnite

2022-05-02 (02:29:56)

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Ever wondered what "mining difficulty" means?

According to bitpanda: The mining difficulty of a cryptocurrency such as Bitcoin indicates how difficult and time-consuming it is to find the right hash for each block.

The harder it is the longer it takes. Something similar to solving a math problem - the harder the problem the longer it takes for us to finish solving the problem.

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Catto Bibi_profile-image

2022-05-02 (05:17:45)

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That's a very big mining rig in the photo!

2022-05-02 (05:58:11)

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I hear it's getting tougher. Recently, I heard that Bitcoin mining difficulty has reached its highest (hash rate) in history.

CRYPTOnite_profile-image

2022-05-03 (23:44:59)

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yes, it is on its lifetime high - it'll get harder and harder as we get close to mining all bitcoins

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