0
$\begingroup$

Today I learned that for BTC, the probability of a hash being valid is approximately 1/(D*2^32), whereas D denotes to the difficulty. I was wondering if this is also the case for other cryptocurrencies or if this is something specific to BTC or the SHA-256 hash algorithm? If it is different for other cryptocurrencies, are there similar formulas for the probability of a hash being valid?

$\endgroup$
  • 1
    $\begingroup$ This is not really cryptography specific, probably better on the Bitcoin stackexchange. I've asked a moderator to migrate the question there. That said, this is definitely a property of Bitcoin's particular algorithm choices, one can trivially design a different difficulty function. But I'm not a cryptocurrency expert, so I don't know what difficulty functions are actually in use for various coins. $\endgroup$ – SAI Peregrinus Oct 19 at 14:00
  • 1
    $\begingroup$ @SAIPeregrinus Note that Bitcoin has somewhat recently changed their policy to only accept bitcoin related questions. So they likely won't appreciate such a general question and given that it is about the cryptographic mechanics of cryptocurrencies, I'm inclined to believe it should be on-topic here. Reference $\endgroup$ – SEJPM Oct 19 at 15:10
  • 1
    $\begingroup$ Some cryptocurrencies don't even mine. So yeah, there's that. $\endgroup$ – Maarten Bodewes Oct 19 at 21:52

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.