Glossary: Difficulty Adjustment
The automatic process that changes mining difficulty to keep block times consistent as network hashrate changes.
Your Guide to Solo Mining
The automatic process that changes mining difficulty to keep block times consistent as network hashrate changes.
The block reward is the amount of new cryptocurrency a miner receives for successfully mining a block on the blockchain.
Block height is the position number of a block in the blockchain, counting from the first block ever created.
A compact summary at the top of each block containing metadata that miners hash to find valid proof-of-work solutions.
Block time is the average amount of time it takes for miners to find a new block and add it to the blockchain.
The first transaction in every block that creates new coins and pays them to the miner who solved the block.
A single hash that represents all transactions in a block, created by combining transaction hashes in a tree structure.
The mining target is a numerical threshold that a block’s hash must be below to be valid—it determines how difficult mining is at any given time.
A block confirmation occurs when a new block is added on top of the block containing your transaction, making it harder to reverse.
An orphan block is a valid block that gets rejected because another block at the same height was accepted first by the network.