What is cryptocurrency difficulty?

Cryptocurrency difficulty is a parameter that bitcoin and other cryptocurrencies use to keep the average time between blocks steady as the network's hash power changes. Cryptocurrency difficulty is important since a high difficulty can help secure the blockchain network against malicious attacks.

How do you measure the difficulty of a new cryptocurrency block?

In order to measure the cryptocurrency difficulty of a new block, it's important to understand hash power, which represents the combined computational power being used to mine and process the transactions on the blockchain. A hash is an alphanumeric code that's used to represent words or data.

Is cryptocurrency mining easy?

Cryptocurrency mining has come a long way from where it started. In the early days, the process of mining cryptos was relatively easy. The rewards were also lucrative. But today, it’s not as easy as it sounds. So, to answer your question with a simple word, YES. However, the long version of that answer is that it’s complicated.

How do I know if a coin is a good coin?

Look at the coin’s mining difficulty chart. It’s been peaking for at least a year. The last coin to consider is AION. There are no decent websites on the Internet that feature the coin’s mining difficulty chart, so we have to take the data from WhatToMine on trust and check the network explorer once in a while.