What does Bitcoin Difficulty mean (Bitcoin Difficulty Adjustment)
What does Bitcoin Difficulty mean? What is Bitcoin Difficulty? Bitcoin Difficult
What does Bitcoin Difficulty mean? What is Bitcoin Difficulty? Bitcoin Difficulty is divided into two parts based on the mining difficulty of Bitcoin: 1. Satoshi Nakamoto designed the Proof of Work (PoW) algorithm, and 2. Bitcoin Cash.
When Bitcoin calculates that each block reward requires 36,000 BTC (approximately 21 million blocks), the newly mined blocks will not be available until May 15, 2020. However, when new transactions appear on the network, the entire process becomes unstable and difficult to handle, making Bitcoin mining very challenging. So, what is the overall network computing power of Bitcoin?
Bitcoin Difficulty Adjustment
According to reports, based on BitInfoCharts data, the Bitcoin Difficulty Adjustment (DAA) has decreased from 13.68 in mid-March to 13.88. Since then, the mining difficulty has been restored to 15.14T, which means that approximately 4% of the block rewards have been adjusted in the past 24 hours.
Note: DAE is the weighted average obtained by adjusting the overall network computing power based on the hash rate algorithm. This parameter halves every 10 minutes, determined by the total workload of each node in the network.
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