What is
Automatic adjustment of mining difficulty to maintain consistent block times despite hash rate changes.
Difficulty adjustment ensures blocks are found at a target rate regardless of total mining power. Ergo adjusts difficulty every block using an epoch-based algorithm, targeting ~2 minute blocks. This prevents both too-fast blocks (during hash rate surges) and too-slow blocks (during drops).
Common questions about this topic
Ergo supports a full ecosystem: trade on Spectrum DEX, use SigmaUSD stablecoin, mix transactions with ErgoMixer, collect NFTs on SkyHarbor, mine with GPUs, lend/borrow on DuckPools, bridge to other chains via Rosen, and build dApps with ErgoScript. It's a complete platform for decentralized finance and applications.
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
Autolykos is Ergo's memory-hard Proof-of-Work algorithm designed for GPU mining. It requires significant RAM (currently ~2.5GB), making ASIC development uneconomical. Autolykos v2 (current version) allows pool mining while maintaining ASIC resistance. The algorithm promotes decentralization by keeping mining accessible to consumer hardware.
Ergo miners earn from three sources: block rewards (newly minted ERG), transaction fees, and storage rent. Block rewards decrease over time according to the emission schedule, but storage rent ensures long-term income even after all ERG is mined. Most miners use pools for consistent payouts.