urban.tech on Nostr: The difficulty adjustment formula explained by Satoshi Nakamoto February 25, 2010 ...
The difficulty adjustment formula
explained by Satoshi Nakamoto
February 25, 2010
bitcointalk.org
the formula is based on the time it takes to generate 2016 blocks. The difficulty is multiply by 14/(actual days taken). For instance, this time it took 9.4 days, so the calculation was 14/9.4 = 1.49. Previous difficulty 2.53 * 1.49 = 3.78, a 49% increase
explained by Satoshi Nakamoto
February 25, 2010
bitcointalk.org
the formula is based on the time it takes to generate 2016 blocks. The difficulty is multiply by 14/(actual days taken). For instance, this time it took 9.4 days, so the calculation was 14/9.4 = 1.49. Previous difficulty 2.53 * 1.49 = 3.78, a 49% increase