Netcoin Difficulty

What is Netcoin difficulty?

Netcoin mining difficulty determines how difficult it will be to mine the next block and this is why it is referred to as the difficulty of Netcoin mining.

Netcoin difficulty is a measure of how many hashes (statistically) must be generated to find a valid solution to solve the next Netcoin block and earn the mining reward.

As you can see in the Netcoin difficulty chart above, the Netcoin Difficulty makes adjustments often.

Furthermore, the mining difficulty also keeps the block generation in line with the set block time, or the amount of time that should statistically pass between each block.

As more hashing power is added to the Netcoin mining network, the difficulty must increase to ensure blocks are not being generated too quickly.

In order for the blocks to be generated consistently, the difficulty must be increased or decreased, this is called a difficulty re-target.

On a difficulty re-target block (every block or every number of blocks), the difficulty is increased if the previous blocks where generated faster than the specified block time and decreased if the previous blocks where generated slower than the specified block time.

All that said, given a constant hashrate, when the NET mining difficulty increases you earn less mining rewards due to the overall increase in the total Netcoin network hashrate.

Given, the frequent changes in Netcoin difficulty adjustments up and down, use our Netcoin mining calculator to calculate Netcoin mining profits.