Bitcoin Forum

Bitcoin => Mining => Topic started by: gondel on November 18, 2013, 01:35:20 PM

Title: Diffiluclty of minning
Post by: gondel on November 18, 2013, 01:35:20 PM

Hello all!
I am not sure if this topic is for here.. but i wanted to ask how does exactly the difficulty affect the speed of minning and the chance of getting new coins( not only bitcoins). Is there something like formula to know what to expect? Thank you

Title: Re: Diffiluclty of minning
Post by: RaTTuS on November 18, 2013, 01:45:09 PM

https://en.bitcoin.it/wiki/Difficulty

Title: Re: Diffiluclty of minning
Post by: gondel on November 18, 2013, 01:57:36 PM

Quote from: RaTTuS on November 18, 2013, 01:45:09 PM

https://en.bitcoin.it/wiki/Difficulty

Thank you! But this article is only for bitcoin

Title: Re: Diffiluclty of minning
Post by: Liquid on November 18, 2013, 02:38:29 PM

Quote from: gondel on November 18, 2013, 01:57:36 PM

Quote from: RaTTuS on November 18, 2013, 01:45:09 PM

https://en.bitcoin.it/wiki/Difficulty

Thank you! But this article is only for bitcoin

http://www.coinwarz.com/cryptocurrency

Title: Re: Diffiluclty of minning
Post by: Barek on November 18, 2013, 03:41:24 PM

It's reciprocal.

If hash power is constant:

Double difficulty, half expected BTC reward.
Tripple difficulty, divide expected reward by three.
Half difficulty, double expected reward

You often see pools use shares. You find a share by finding a hash that meets criteria under difficulty 1. So it is expected to take difficulty many shares to find a block.