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What is the mining difficulty?

Simply put, mining is the result of many people competing to solve a mathematical problem in order to compete for the authority to record the next block and obtain rewards. Whoever has the highest computing power (performance) of the mining machine (computer) has a higher chance of obtaining the reward by calculating the result first. However, since the birth of Bitcoin, the computing power of mining machines (computers) has increased thousands of times, but the number of coins obtained from mining has not increased, except for the halving rule of cryptocurrency rewards every 4 years (or other time periods). , another factor is the role of mining difficulty.

Mining difficulty refers to the difficulty of solving mathematical results each time. Due to the increasing number of miners, in order to ensure the rationality of competition, it is necessary to adjust the difficulty of mathematical solution. As the number of miners increases, the difficulty will dynamically increase according to certain rules. However, if miners are all swarming to mine a certain digital currency, the difficulty of solving it will be very high. However, the computing power of the mining machines held by the miners is fixed. If Ruyi wants to obtain the same amount of rewards, it will be more difficult to mine than usual. This is the so-called mining difficulty.

Generally speaking, in order to ensure mining profits, miners will pay special attention to the mining difficulty of cryptocurrencies. If the mining difficulty of a certain coin is high, it will switch to mining a relatively low-difficulty cryptocurrency. Therefore, mining difficulty is a very important parameter for miners.

BTC
Shut Down
Issue amount 21000000
24 hours volume 998.36K
24 hours turnover $ 25.98B
Market Direction Short
Panic Index 79 (Extremely greedy)
Swap Rate 4.88%
Market Value Proportion 47.78%
market value $ 5,976.39 x 100 million
24 hour increase 0.43%
Computing power 578.43 EH/s
daily output 0.00000154 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
LTC
Shut Down
Issue amount 84000000
24 hours volume 9.53M
24 hours turnover $ 711.36M
Market Direction Short
Swap Rate 12.90%
Market Value Proportion 0.38%
market value $ 31.24 x 100 million
24 hour increase 0.68%
Computing power 964.42 TH/s
daily output 0.00000427 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
BCH
Shut Down
Issue amount 21000000
24 hours volume 2.62M
24 hours turnover $ 308.54M
Market Direction Short
Swap Rate 13.63%
Market Value Proportion 0.21%
market value $ 30.69 x 100 million
24 hour increase -2.23%
Computing power 2.72 EH/s
daily output 0.00033036 BCH / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
FIL
Shut Down
Issue amount 2000000000
24 hours volume 95.60M
24 hours turnover $ 506.27M
Market Direction Short
Swap Rate 17.90%
Market Value Proportion 0.14%
market value $ 80.21 x 100 million
24 hour increase -3.71%
Computing power 22.63EiB
daily output 0.00503958 FIL / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
XCH
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Issue amount 31005582
24 hours volume 480.22K
24 hours turnover $ 14.80M
Market Direction Short
Swap Rate 17.32%
Market Value Proportion 0.01%
market value $ 6.00 x 100 million
24 hour increase -1.33%
Computing power 14912.60839843 PiB
daily output 0.00022488 XCH / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
ETC
Shut Down
Issue amount 210700000
24 hours volume 31.82M
24 hours turnover $ 799.17M
Market Direction Short
Swap Rate 23.14%
Market Value Proportion 0.33%
market value $ 29.60 x 100 million
24 hour increase 7.44%
Computing power 153.62 TH/s
daily output 0.00010289 ETC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
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