Title: What is the current target value for block hash? Post by: RedApronPark on August 30, 2023, 05:47:34 PM Hi, I'm new to crypto and still getting my head around how it works.
I've found charts on blockchain.com that show the network difficulty over time (https://www.blockchain.com/explorer/charts/difficulty). Is there anywhere to find more specific information about difficulty-- eg. What is the current target value for candidate block hashes? Or, on average, roughly how many nonce values need to be tested (in the billions? quadrillions?) to find such a value? Title: Re: What is the current target value for block hash? Post by: jrrsparkles on August 30, 2023, 05:57:27 PM Is there anywhere to find more specific information about difficulty-- eg. What is the current target value for candidate block hashes? Or, on average, roughly how many nonce values need to be tested (in the billions? quadrillions?) to find such a value? https://blockchair.com/bitcoin/charts/difficulty Here you can find the real-time bitcoin network Difficulty. Since the network difficulty is higher finding the exact nonce value tested can't be predicted because it's a probabilistic process, It's safe to say that modern mining operations involve the quadrillions. Title: Re: What is the current target value for block hash? Post by: pooya87 on August 30, 2023, 06:02:43 PM Is there anywhere to find more specific information about difficulty-- eg. What is the current target value for candidate block hashes? There is a difference between difficulty and the target.Difficulty is only used when we want to represent "how hard" it is to mine a block. Current difficulty is found here: https://blockchair.com/bitcoin/ and is calculated as explained here: https://en.bitcoin.it/wiki/Difficulty Target on the other hand is the actual value used in mining to determine the suitable header hash and is explained here: https://en.bitcoin.it/wiki/Target It's value is found in each block's header in a short 32-bit form that can be converted to the long 256-bit form. Quote Or, on average, roughly how many nonce values need to be tested (in the billions? quadrillions?) to find such a value? On average it depends on the hashrate of your device which is the number of hashes it can compute per second.Current estimated total network hashrate is 387 EHS which is 387*10^18 hashes per second. Title: Re: What is the current target value for block hash? Post by: nc50lc on September 02, 2023, 03:07:02 AM -- eg. What is the current target value for candidate block hashes? If you have Bitcoin Core, you can query the current target with getblocktemplate "{\"rules\": [\"segwit\"]}" command.For the difficulty, you can query the exact difficulty with either one of these commands: getmininginfo or getdifficulty This webpage also allow you to execute some commands including those two: chainquery.com/bitcoin-cli (http://chainquery.com/bitcoin-cli) Is there anywhere to find more specific information about difficulty-- Some will hate this comment but the topic is pretty much documented: Google searchOr go here for more info (since it didn't made it to Google search): learnmeabitcoin.com/beginners/difficulty (http://learnmeabitcoin.com/beginners/difficulty) (use search above to see more topics like "target") Title: Re: What is the current target value for block hash? Post by: MusaMohamed on September 02, 2023, 03:37:24 AM Is there anywhere to find more specific information about difficulty-- eg. What is the current target value for candidate block hashes? Bitcoin difficulty retarget after 2016 blocks that is about 14 days.Bitcoin Network Difficulty (https://www.bitrawr.com/terminal/difficulty) Bitcoin Difficulty Estimator (https://newhedge.io/terminal/bitcoin/difficulty-estimator) gives you some estimators from difficulty, difficulty change, date of change. Quote Latest Block: 805822 (7 minutes ago) Current Pace: 95.6800% (1439 / 1503.97 expected, 64.97 behind) Previous Difficulty: 52391178981379.36 Current Difficulty: 55621444139429.57 Next Difficulty: between 53288155235640 and 53471903170891 Next Difficulty Change: between -4.1949% and -3.8646% Previous Retarget: August 22, 2023 at 11:57 PM (+6.1657%) Next Retarget (earliest): Wednesday at 1:52 PM (in 4d 3h 15m 57s) Next Retarget (latest): Wednesday at 3:07 PM (in 4d 4h 30m 31s) Projected Epoch Length: between 14d 13h 55m 40s and 14d 15h 10m 14s Title: Re: What is the current target value for block hash? Post by: iBaba on September 02, 2023, 11:50:40 AM Buddy, in terms of the current Bitcoin network difficulty, my most preferred platform is Ychat.com.
On the platform, it says; Bitcoin Average Difficulty is at a current level of 55.62, unchanged from 55.62 yesterday and up from 30.29 one year ago. The platform claims it is a change of 0.00% from yesterday and 83.61% from one year ago. Take your time to go through my source: https://ycharts.com/indicators/bitcoin_average_difficulty#:~:text=Bitcoin%20Average%20Difficulty%20is%20at,83.61%25%20from%20one%20year%20ago. |