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quans (OP)
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June 18, 2016, 01:14:13 AM
 #1
What is this
Difficulty   196061423939.64996
AgentofCoin
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June 18, 2016, 01:30:20 AM
 #2
Quote from: quans on June 18, 2016, 01:14:13 AM
What is this
Difficulty   196061423939.64996

It is this
https://en.bitcoin.it/wiki/Difficulty
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June 18, 2016, 01:37:17 AM
 #3
Bitcoin difficulty is an approximate measure on how difficult to mine or find a new block in the bitcoin blockchain.

Bitcoin mining has two main principle, first is adding transactions to the blockchain and second is to generate new bitcoins. Bitcoin has only a total number of 21 million that will ever be mined. As of this time, there are 14 million bitcoins mined and there are 7 million still to be mined.

Bitcoin miners are rewarded with 25 new bitcoins for every block found. Smiley
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June 18, 2016, 02:06:58 AM
 #4
Quote from: quans on June 18, 2016, 01:14:13 AM
What is this
Difficulty   196061423939.64996
The difficulty is an indicator of how much difficult is to find a block in accordance with the current target. To understand what difficulty means, you need to learn what targets means.

https://en.bitcoin.it/wiki/Target
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June 18, 2016, 02:41:18 AM
 #5
Quote from: quans on June 18, 2016, 01:14:13 AM
What is this
Difficulty   196061423939.64996
The easy definition is that this means that it is to hard to mine on your own and even mining with a pool will be hard to earn a real income, depending on where your electricity rate is.
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