Topic: Why do they call it difficulty (Read 585 times)
Becuase it's indicating how much harder is to mine an amount of bitcoins compared with a lower difficulty level.
If you were mining in 2009 and still mining today with the same hashing power the average time to solve a block has increased by a factor of almost one billion. If that isn't "difficult" then I don't know what is. 
BTW I perform all my hashes by hand so that is a lot of pencils and paper.
BTW I perform all my hashes by hand so that is a lot of pencils and paper.
Rofl !!!
Are you sure your account is not hacked today mate
Regards
Because its how difficult it is to mine.
If you were mining in 2009 and still mining today with the same hashing power the average time to solve a block has increased by a factor of almost one billion. If that isn't "difficult" then I don't know what is.
BTW I perform all my hashes by hand so that is a lot of pencils and paper.
Silly you, I wrote a program on my TI-84 calculator to help me with that. Sure, it takes a few days to make a Merkle tree, but it's better than the old days when we did it by hand.BTW I perform all my hashes by hand so that is a lot of pencils and paper.
Mining also has a target, and a probability, if you don't like the word difficulty, as in "the probability that a single block hash meets the current target is 1 in 3901396778050889728".
You are much more likely to win lottery then
Fortunatelly computers can solving millions of hashes at once
If you were mining in 2009 and still mining today with the same hashing power the average time to solve a block has increased by a factor of almost one billion. If that isn't "difficult" then I don't know what is.
BTW I perform all my hashes by hand so that is a lot of pencils and paper.
Silly you, I wrote a program on my TI-84 calculator to help me with that. Sure, it takes a few days to make a Merkle tree, but it's better than the old days when we did it by hand.BTW I perform all my hashes by hand so that is a lot of pencils and paper.
Mining also has a target, and a probability, if you don't like the word difficulty, as in "the probability that a single block hash meets the current target is 1 in 3901396778050889728".
If you were mining in 2009 and still mining today with the same hashing power the average time to solve a block has increased by a factor of almost one billion. If that isn't "difficult" then I don't know what is.
BTW I perform all my hashes by hand so that is a lot of pencils and paper.
BTW I perform all my hashes by hand so that is a lot of pencils and paper.
Like running a miner is hard 
You have to run the same miner for longer durations of time when difficulty is high in order to mine that coin.Obviously you have to wait wait and wait - lol its difficult!
Like running a miner is hard
It is not, but difficulty means how difficult it is to mine Bitcoin now
Like running a miner is hard
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