What is the current mining difficulty for Ethereum Classic?
Hartvigsen HackettDec 28, 2021 · 3 years ago3 answers
Can you tell me the current mining difficulty for Ethereum Classic? I'm interested in understanding how difficult it is to mine this cryptocurrency and how it compares to other cryptocurrencies.
3 answers
- Dec 28, 2021 · 3 years agoThe current mining difficulty for Ethereum Classic is constantly changing as it is adjusted every block. The difficulty is determined by the network and is designed to ensure that blocks are mined at a consistent rate. It is influenced by factors such as the total network hashrate and the target block time. As of now, the mining difficulty for Ethereum Classic is relatively high compared to some other cryptocurrencies, making it more challenging to mine.
- Dec 28, 2021 · 3 years agoMining difficulty for Ethereum Classic is a measure of how hard it is to find a hash below a given target. It is adjusted every block to maintain a consistent block time. The current mining difficulty can be found by checking the blockchain explorer or using mining software that provides this information. Keep in mind that mining difficulty can vary over time as more or fewer miners join the network.
- Dec 28, 2021 · 3 years agoThe current mining difficulty for Ethereum Classic is determined by the network and is adjusted every block. It is calculated based on the total network hashrate and the target block time. The higher the mining difficulty, the more computational power is required to mine new blocks. As for Ethereum Classic, its mining difficulty has been relatively stable in recent months, indicating a consistent level of mining activity on the network.
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