BTC: Log Difficulty per BTC of Block Subsidy — From 2010-07-17

Bitcoin Log Difficulty per BTC of Block Subsidy — From 2010-07-17 was 31.49 log ratio on 7 Nov 2026 (latest daily value).

The natural logarithm of mining difficulty divided by the scheduled block subsidy in BTC, from 2010-07-17.

Why use it. The mining input of the difficulty-per-subsidy pricing model: how much work stands behind each newly issued coin, published so the fit can be checked. How to read it. Rises with difficulty and jumps at each halving, when the subsidy halves; shown as 0 before 2010-07-17.

Calculation. ln(relative difficulty ÷ (new BTC subsidy mined that day ÷ blocks that day)): difficulty per BTC of block subsidy, fees excluded; 0 before the first admitted daily close. Calculated from our own validated Bitcoin Core node history; final once the closed UTC day has six confirmations.