Network facts
BTC
- Symbol
- BTC
- Mining algorithm
- SHA-256
- Official site
- bitcoin.org
- Information observed
Live prices are on the coins page, refreshed daily.
Bitcoin uses proof of work with the SHA-256 algorithm. Specialized application-specific integrated circuit miners compete to produce valid blocks while pools commonly distribute work and rewards among operators.
What changes over time
Network difficulty, transaction fees, exchange rates, pool performance, and local energy costs all affect results. Any operational comparison must state when its inputs were observed.