Lycancoin Difficulty Chart
Lycancoin Difficulty: 0.04 (0.04)
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The Lycancoin difficulty chart provides the current Lycancoin difficulty (LYC diff) target as well as a historical data graph visualizing Lycancoin mining difficulty chart values with LYC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time.
Lycancoin Difficulty Increase
The Lycancoin Average Difficulty Increase for the last 90 days is 0.00 %
Lycancoin Block Difficulty Height
Current Lycancoin Difficulty Target
Lycancoin Difficulty Algorithm: Scrypt
The Lycancoin difficulty adjustment levels are calculated using the daily difficulty average data points in the Lycancoin difficulty graph.
Lycancoin Difficulty History for the Last 120 Days
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What is Lycancoin difficulty?
Lycancoin 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 Lycancoin mining.
Lycancoin difficulty is a measure of how many hashes (statistically) must be generated to find a valid solution to solve the next Lycancoin block and earn the mining reward.
As you can see in the Lycancoin difficulty chart above, the Lycancoin 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 Lycancoin 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 LYC mining difficulty increases you earn less mining rewards due to the overall increase in the total Lycancoin network hashrate.
Given, the frequent changes in Lycancoin difficulty adjustments up and down, use our LYC mining calculator with difficulty to calculate Lycancoin mining profits.