What is mining difficulty ethereum?

The requirement a hash must meet corresponds to the difficulty. … A miner can, in theory, get lucky and obtain a valid hash for a given block on the first try. However, over time, higher difficulty means that miners must plug through more nonces per block on average .

Ethereum difficulty (or network difficulty) is a key value for every cryptocurrency. Ethereum Network difficulty is the difficulty of a problem that miners must solve to find a block . The more miners are mining Ethereum the more difficult it is to find the block to be rewarded.

The difficulty is automatically adjusted based the amount of computational power on the network, or hashrate, to keep the time it takes to mine a block roughly stable at 10 minutes . The higher the hashrate, the higher the difficulty, and vice versa.