The periodic recalculation of mining difficulty based on recent block production rates. If blocks are produced too quickly, difficulty increases; too slowly, it decreases. Maintains consistent block times.
The periodic recalculation of mining difficulty based on recent block production rates.
If blocks are produced too quickly, difficulty increases; too slowly, it decreases.
Maintains consistent block times.
This mining concept is essential for understanding how proof-of-work blockchains secure transactions and create new coins. Important for miners evaluating profitability and hardware decisions.