What is Mining Difficulty in Cryptocurrency?

[Alexes]

I'm trying to understand the mechanics behind cryptocurrency mining. What does "mining difficulty" mean?

[Margo]

Mining difficulty is a measure of how difficult it is to find a hash below a given target, a critical part of mining new blocks on the blockchain. It adjusts periodically to ensure that the rate at which new blocks are created remains steady, despite fluctuations in the number of miners or the power of their equipment. This mechanism helps maintain the blockchain's security and stability. Higher difficulty requires more computational power to solve the cryptographic puzzles necessary to mine new blocks, affecting profitability for miners. For a deeper understanding of mining difficulty and its impact on the mining process, you might find this guide useful: https://paybis.com/blog/glossary/what-is-mining-difficulty/ It explains the concept in detail and how it influences the overall functioning of blockchain networks.