Hi all, new to bitcoin so just been doing a bunch of reading lately, mainly on the bitcoin wiki.
I'm confused about the description here
https://en.bitcoin.it/wiki/Hashcash#Work.2C_difficulty_.26_cryptographic_securityThe page contains the equation
difficulty = target / 0xFFFF0000
which implies that at difficulty = 1 the target would be 0xFFFF0000. But in fact at difficulty 1 the target is (
https://en.bitcoin.it/wiki/Target#What_is_the_maximum_target.3F)
0x00000000FFFF0000000000000000000000000000000000000000000000000000
or
0x00000000FFFF*2^208 ~= 2^224
I think the contributor is confusing the value of the target with the amount of work required to find a hash below the target. I think the equation above should instead be
D = target / (2^256 / 0xFFFF0000) ~= target / 2^224
Can anyone comment on this? Sorry if I'm misinterpreting the syntax or some other mistake on my part. Cheers.
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