As two well-known cryptocurrencies, Bitcoin and Ethereum have always attracted much attention for their mining difficulty. So, which digital asset is more difficult to mine? Let's take a deep look at the mining mechanisms of Bitcoin and Ethereum and reveal the technical secrets behind them.

The difficulty of Bitcoin mining has always been considered quite high. Bitcoin mining uses the proof-of-work (PoW) mechanism, in which miners need to calculate complex hash algorithms to find digital signatures that meet specific conditions in order to create new blocks and receive rewards. The complexity of this algorithm has led to an increasing difficulty in mining the Bitcoin network, and mining new coins has become increasingly difficult. For example, Bitcoin's mining difficulty is adjusted approximately every two weeks to ensure that new blocks are generated approximately every 10 minutes on average.

Compared with Bitcoin, Ethereum's mining difficulty is slightly different. Ethereum uses an improved version of the PoW mechanism called Ethash. The Ethash algorithm is designed to resist the monopoly of ASIC mining machines, allowing ordinary GPU miners to have the opportunity to participate in mining. Although the difficulty of Ethereum mining is also increasing, compared with Bitcoin, Ethereum's mining threshold is lower and more decentralized.

In the actual mining process, Bitcoin mining requires more professional equipment and higher computing power input. Bitcoin mining machines are expensive and consume huge power, which requires higher requirements from miners. Ethereum mining, on the other hand, focuses more on algorithm fairness and the extensive participation of miners, which also provides more opportunities for ordinary miners.

In addition to the difference in technical difficulty, the mining benefits of Bitcoin and Ethereum are also different. Due to its scarcity, Bitcoin will have a certain amount of Bitcoin rewards for each new block mined, while Ethereum plans to gradually reduce mining rewards in the future and switch to the PoS (Proof of Stake) mechanism. This also makes Bitcoin mining more attractive in terms of economic returns.

In general, Bitcoin and Ethereum each have their own unique mining characteristics. Bitcoin pays more attention to security and stability, with high mining difficulty and high threshold; while Ethereum is more flexible, focuses on community participation, and has a relatively low mining threshold. Choosing which digital currency to mine requires weighing based on one's own technical strength and risk preference.

In the world of cryptocurrency, mining is not only an economic behavior, but also a manifestation of technical challenges and community participation. As two representative digital assets, Bitcoin and Ethereum each show different characteristics in mining mechanisms, and also bring rich experience and inspiration to the development of the entire blockchain industry. As technology continues to advance and the community continues to grow, the difficulty of mining Bitcoin and Ethereum may change accordingly, but as the leaders in the blockchain world, they will continue to lead the development direction of the entire industry. Whether it is Bitcoin or Ethereum, the road to mining is full of challenges and opportunities. Let us witness the future of cryptocurrency together.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

I believe that many investors in the currency circle have heard of the term mining. Mining can also be understood as the mining of digital currency, which is also the mechanism for the generation of digital currency. Bitcoin mining refers to the process of using computer computing power to verify and record Bitcoin transactions, and in the process, create new Bitcoins. This is the basis of the Bitcoin network and the way Bitcoin is issued. Ethereum mining is the process of obtaining Ethereum by providing computing power. It participates in verifying all transactions that occur to ensure that all Ethereum blockchains are confirmed. Which one is more difficult to mine, Ethereum or Bitcoin? The following is a detailed introduction by the editor of the currency circle.

 Which one is more difficult to mine, Ethereum or Bitcoin?

Compared with the two, Bitcoin is more difficult to mine, because the mining difficulty of Ethereum can be adjusted, while the mining difficulty of Bitcoin cannot be adjusted. Bitcoin and Ethereum are both generated through mining programs. Through competitive calculation of a problem, whoever calculates it first will get the system reward currency. The difference between the two is that the calculation problems are different. Bitcoin calculates a solution in ten minutes, and Ethereum calculates a solution in 12 seconds.

It is still difficult to define Bitcoin as currency, but it is definitely an asset. I think Ethereum must be an asset as well. Although the application of blockchain technology is not yet mature, in a sense, it is only a matter of time before it is used. Bitcoin uses computer computing power to perform a large number of hash conflicts, enumerate various possibilities, and find the correct hash value. In the Ethereum system, there is a special formula to calculate the difficulty of each block.

If a block is verified faster than the previous block, the Ethereum protocol will increase the difficulty of the block. By adjusting the block difficulty, the time required to verify the block can be adjusted. Although the POW mechanism encourages miners to provide a lot of computing power through block rewards, in order to overcome the shortcomings of POW, the hash function of the verification network usually consumes a lot of energy.

In order to make up for the shortcomings of Bitcoin, Ethereum proposed a new consensus mechanism called POS Proof of Stake. POS means the same as its literal meaning: fairness, that is, the more currency you hold, the more equity you have, and the higher your equity. Ethereum's POS means: the more money you hold and the longer you hold it, the less difficult it is to calculate and the easier it is to mine.

 Differences between Ethereum and Bitcoin Mining

While both Bitcoin and Ethereum require mining to ensure the security and integrity of their networks, there are some major differences between the two mining processes:

1. Algorithm

Bitcoin's mining algorithm is SHA-256, while Ethereum's mining algorithm is Ethash. The two algorithms are very different. The SHA-256 algorithm is a one-time proof-of-work (POW) algorithm that creates a hash puzzle when a miner receives a transaction and needs to be calculated until a legitimate hash value is found. The Ethash algorithm is a "time consumption proof" algorithm that aims to make miners use time to find a legitimate hash value instead of solving the hash puzzle as quickly as possible.

2. Hardware requirements

Bitcoin mining requires specialized ASIC equipment, while Ethereum can use regular computers. This also means that ASIC manufacturers have greater control over the Bitcoin network than the GPU-mined Ethereum network, because ASIC manufacturers can manufacture ASIC equipment on a large scale at an affordable price, which can increase their chances of obtaining new Bitcoins and make the Bitcoin network more vulnerable.

3. Reward mechanism

Bitcoin mining rewards are 12.5 BTC (as of April 2021) and transaction fees every 10 minutes, and Ethereum produces a block every 15 to 20 seconds, with a mining reward of 2
ETH (as of August 2021), in addition to transaction fees.

The above content is the detailed answer of the editor of the currency circle to the question of which is more difficult to mine, Ethereum or Bitcoin. The biggest difference between Ethereum and Bitcoin is that Bitcoin is more inclined to be a currency, mainly serving as a means of payment and value storage, while Ethereum is a platform on which users can publish smart contracts and issue their own digital currencies. Although Ethereum and Bitcoin are both generated through mining, there are differences in the mining process, and the support of computer computing power is required to ensure the security and integrity of the entire virtual currency network.