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Topic: mining (Read 378 times)

hero member
Activity: 588
Merit: 500
June 17, 2016, 09:41:18 PM
#5
What is this
Difficulty   196061423939.64996
The easy definition is that this means that it is to hard to mine on your own and even mining with a pool will be hard to earn a real income, depending on where your electricity rate is.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
June 17, 2016, 09:06:58 PM
#4
What is this
Difficulty   196061423939.64996
The difficulty is an indicator of how much difficult is to find a block in accordance with the current target. To understand what difficulty means, you need to learn what targets means.

https://en.bitcoin.it/wiki/Target
sr. member
Activity: 504
Merit: 250
InvestnTrade. Latest from the crypto space.
June 17, 2016, 08:37:17 PM
#3
Bitcoin difficulty is an approximate measure on how difficult to mine or find a new block in the bitcoin blockchain.

Bitcoin mining has two main principle, first is adding transactions to the blockchain and second is to generate new bitcoins. Bitcoin has only a total number of 21 million that will ever be mined. As of this time, there are 14 million bitcoins mined and there are 7 million still to be mined.

Bitcoin miners are rewarded with 25 new bitcoins for every block found. Smiley


legendary
Activity: 1092
Merit: 1001
June 17, 2016, 08:30:20 PM
#2
What is this
Difficulty   196061423939.64996

It is this
https://en.bitcoin.it/wiki/Difficulty
newbie
Activity: 13
Merit: 0
June 17, 2016, 08:14:13 PM
#1
What is this
Difficulty   196061423939.64996
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