What Is Bitcoin Mining Difficulty? Put simply, mining difficulty refers to the complexity of the computing operations that a device has to perform in order to mine new bitcoin (or another type of cryptocurrency, if you're using a different blockchain). Why would mining difficulty vary over time? The reason is that changes in mining difficulty ensure that the blockchain grows at a relatively constant rate, even if the number of miners on the network or the computing power that they control fluctuates.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
