Satoshi Gazette
Glossary

Difficulty adjustment

Bitcoin's automatic recalibration, every 2,016 blocks, of how hard a block is to find, so blocks keep arriving about every ten minutes whatever the hashrate does.

Definition dated

also retarget · difficulty epoch

Difficulty is a rule in the protocol, not an estimate. At the end of each 2,016-block epoch the network compares how long the epoch took with the two-week target and scales the difficulty up or down, within a factor of four.

Higher difficulty means more expected hashes per valid block, so at unchanged price, subsidy and fees a fixed miner earns less expected bitcoin. The Gazette's mining desk reports each adjustment from block records on two explorers and recomputes the change itself.

A rising difficulty tells you the network did more work; it does not tell you who did it or why.