Difficulty: Bitcoin Difficulty: 711,697,198,174 Estimated Next Difficulty: Adjust time: Hashrate(?): 5,065,947,269 GH/s Block Generation Time(?): Updated: Chart Explained The difficulty.The estimated next difficulty.Average block generation time of 2016 blocks.Block generation time is also known as confirmation time.Average block generation time of 1008 blocks.If grey line less than blue line, The generation time is decreasing.The more grey line is lower than blue line, the faster generation time is decreasing.After 2016 blocks generated, Bitcoin will adjust difficulty to estimated difficulty in order to keep the block generation time at 600 seconds.Difficulty History Date Difficulty Change Hash Rate Jun 17 2017 711,697,198,174 5,094,526,985 GH/s Jun 04 2017 678,760,110,083 4,858,754,124 GH/s May 23 2017 595,921,917,085 4,265,775,241 GH/s May 10 2017 559,970,892,891 4,008,427,786 GH/s Apr 27 2017 521,974,519,554 3,736,439,151 GH/s Apr 13 2017 520,808,749,422 3,728,094,244 GH/s Mar 30 2017 499,635,929,817 3,576,533,297 GH/s Mar 17 2017 475,705,205,062 3,405,230,497 GH/s Mar 03 2017 460,769,358,091 3,298,315,540 GH/s Feb 18 2017 440,779,902,287 3,155,225,442 GH/s Feb 04 2017 422,170,566,884 3,022,014,630 GH/s Jan 22 2017 392,963,262,344 2,812,940,600 GH/s Jan 10 2017 336,899,932,796 2,411,623,656 GH/s Dec 28 2016 317,688,400,354 2,274,102,150 GH/s Dec 15 2016 310,153,855,703 2,220,167,778 GH/s Dec 02 2016 286,765,766,821 2,052,749,317 GH/s Nov 18 2016 281,800,917,193 2,017,209,539 GH/s Nov 05 2016 254,620,187,304 1,822,642,296 GH/s Oct 22 2016 253,618,246,641 1,815,470,125 GH/s Oct 08 2016 258,522,748,405 1,850,577,916 GH/s Sep 25 2016 241,227,200,230 1,726,771,560 GH/s Sep 12 2016 225,832,872,179 1,616,574,667 GH/s Aug 29 2016 220,755,908,330 1,580,232,344 GH/s Aug 15 2016 217,375,482,757 1,556,034,316 GH/s Aug 02 2016 201,893,210,853 1,445,207,896 GH/s Jul 18 2016 213,492,501,108 1,528,238,850 GH/s Jul 04 2016 213,398,925,331 1,527,569,009 GH/s Jun 21 2016 209,453,158,595 1,499,324,110 GH/s Jun 08 2016 196,061,423,940 1,403,462,340 GH/s May 24 2016 199,312,067,531 1,426,731,353 GH/s May 11 2016 194,254,820,283 1,390,530,167 GH/s Apr 28 2016 178,659,257,773 1,278,892,782 GH/s Apr 14 2016 178,678,307,672 1,279,029,147 GH/s Apr 01 2016 166,851,513,283 1,194,369,655 GH/s Mar 18 2016 165,496,835,118 1,184,672,491 GH/s Mar 04 2016 158,427,203,767 1,134,066,098 GH/s Feb 19 2016 163,491,654,909 1,170,318,852 GH/s Feb 07 2016 144,116,447,847 1,031,625,717 GH/s Jan 26 2016 120,033,340,651 859,232,121 GH/s Jan 13 2016 113,354,299,801 811,421,684 GH/s Dec 31 2015 103,880,340,815 743,604,444 GH/s Dec 18 2015 93,448,670,796 668,931,642 GH/s Dec 06 2015 79,102,380,900 566,236,898 GH/s Nov 24 2015 72,722,780,643 520,569,941 GH/s Nov 11 2015 65,848,255,180 471,360,171 GH/s Oct 29 2015 62,253,982,450 445,631,364 GH/s Oct 15 2015 60,883,825,480 435,823,399 GH/s Oct 01 2015 60,813,224,039 435,318,014 GH/s Sep 17 2015 59,335,351,234 424,738,988 GH/s

The Bitcoin difficulty level recently increased by 7.09% recently.What is difficulty level and why is is important?Bitcoin is probably the first decentralized, distributed open source digital currency protocol to gain massive adoption.No sooner the concept of digital currency was introduced by Satoshi Nakamoto in his whitepaper, it garnered a lot of interest from computer scientists and cryptographers.Some of these people had already tried creating a digital currency system with limited success.bitcoin center meetupBut Bitcoin offered a solution to many problems that were faced by the researchers until then.ukraine bitcoin banThese very solutions were the reason for Bitcoin to become one of the widely adopted digital currencies in the world till date.litecoin windows miner

The main intention behind the creation of Bitcoin was to empower individuals by providing them with an alternative way to conduct peer to peer transaction over the internet without having to go through the middle men or a trusted third party like banking and financial institution.In order to fulfill its purpose, the digital currency protocol has to meet certain criteria.Apart from being scarce, fungible and highly divisible, it is important for bitcoin network to maintain consistency.litecoin local exchangeConsistency of the network takes a special place because of its distributed nature.greece coin bitcoinWe all know that Bitcoin is an open source, decentralized digital currency where the miners, who are part of the Bitcoin community contribute processing power to discover new blocks and confirm transactions over the network.bitcoin legal tender laws

This is done by comparing the transaction ids with the existing record on the blockchain and inserting the new transaction records into fresh blocks.Technically, the time taken by a miner or a mining pool to discover a new block is directly proportional to the total processing power of the network, which in other words in known as hash rate.Bitcoin mining is now carried out using specialized equipment called Application Specific Integrated Circuits (ASICs) which are custom-built for the purpose.They have specialized circuits that churn out a lot of processing power.As technology advances, new superior Bitcoin mining ASICs are being designed and fabricated.These ASICs are far more efficient, both in terms of the hash rate and power consumption.With the new advanced mining ASICs replacing the older versions, the total hash rate on the Bitcoin network has skyrocketed.In an ideal situation, it would mean that the time required to create a new block drastically reduces too, leading to a proportional increase in the payouts.

In order to prevent such a situation, the difficulty level of the Bitcoin network is exploited to keep the time taken for block discovery constant.The network automatically changes the difficulty level for Bitcoin mining to ensure the discovery of a new block every 10 minutes (600 seconds) by miners.The Bitcoin network varies its difficulty levels after the discovery of every 2016 blocks to ensure a constant output.If the network hash rate is high and the time taken to discover a new block is less than 10 minutes, then the network will increase the difficulty level proportionately to increase the block discovery time.If the block discovery time is more than 10 minutes, then the same protocol will reduce the difficulty level.In recent days, the Bitcoin mining difficulty levels have been constantly increasing, thanks to increasing network hash rate.Last week, the difficulty levels went up by over 7 percent.This is one of the highest hikes in the difficulty levels in the recent days, except for once in February when it increased by 20 percent.