3 ms·

Indeed; as [1] says: What is the formula for difficulty? difficulty = difficulty_1_target / current_target (target is a 256 bit number) I simply u

by tromp 5y ago

Indeed; as [1] says: What is the formula for difficulty? difficulty = difficulty_1_target / current_target (target is a 256 bit number) I simply used the fact that the difficulty_1_target (the MAX Target as you call it) needs an expected 2^32 double SHA256 hashes to meet. [1] https://en.bitcoin.it/wiki/Difficulty https://en.bitcoin.it/wiki/Difficulty

mistrial9 5y ago
> expected 2^32 double SHA256 hashes yes, expected by.. some approximation of the current hardware to find the solution.. We are not at the answer yet
- tromp 5y ago
  Nothing to do with hardware. Quoting again from that bitcoin wiki page: The highest possible target (difficulty 1) is defined as 0x1d00ffff, which gives us a hex target of 0x00ffff * 2**(8*(0x1d - 3)) = 0x00000000FFFF0000000000000000000000000000000000000000000000000000 As you can see a random hash has a chance of close to 2^-32 to satisfy that target.
  - mistrial9 5y ago
    > Nothing to do with hardware use a pencil?