Bitcoin Price and Difficulty
Luxor’s Bitcoin price is an index price that we calculate by taking the Volume Weighted Average Price (VWAP) of the Bitcoin price data from multiple exchanges.
The Bitcoin network difficulty refers to a number which reflects how difficult it is for miners to find the next Bitcoin block in the chain. Bitcoin miners must produce a hash that has a value *below or equal to* the current difficulty to mine a valid Bitcoin block. The higher Bitcoin’s difficulty, the harder it is to find a block.