Topic: Difficulty, What is it? (Read 1505 times)
The easiest explanation: if you multiply the current difficulty by 2^32, you'll get the average number of hashes the network should solve to generate a valid block. If you divide this number by your hash speed you'll get the time required to generate a block by yourself.
Can someone explain the difficulty to me? Is it a linear or log unit? I know that there is a minimum difficulty of 1, but what does a difficulty of "1" even mean? Is there a maximum difficulty?
Linear. It takes the same power DIFFICULTY times longer to generate a block on average than when difficulty was at 1.
Can someone explain the difficulty to me? Is it a linear or log unit? I know that there is a minimum difficulty of 1, but what does a difficulty of "1" even mean? Is there a maximum difficulty?
According to the code,
difficulty = minimum_best_target / current_best_target
bitcoin miners' proof of work is searching for a hash whose numeric value is below the current target.
These links have some more info:
http://www.bitcoin.org/wiki/doku.php?id=difficulty
http://www.bitcoin.org/wiki/doku.php?id=target
Can someone explain the difficulty to me? Is it a linear or log unit? I know that there is a minimum difficulty of 1, but what does a difficulty of "1" even mean? Is there a maximum difficulty?
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