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Title: if a block was mined every 2 min? Post by: kokjo on March 30, 2013, 02:14:22 PM if there was a block mined every 2 min, how would the difficulty change when the network tries to adjust to 10 min intervals? exponentially?
i know that its not likely to happen, but i am just wondering. Title: Re: if a block was mined every 2 min? Post by: Vod on March 30, 2013, 02:20:59 PM if there was a block mined every 2 min, how would the difficulty change when the network tries to adjust to 10 min intervals? exponentially? i know that its not likely to happen, but i am just wondering. Simple math would suggest the difficulty would go up by a factor of 5. Title: Re: if a block was mined every 2 min? Post by: CIYAM on March 30, 2013, 02:21:43 PM Doesn't LTC basically do this already (i.e. blocks at around 2.5 minutes)?
Title: Re: if a block was mined every 2 min? Post by: kokjo on March 30, 2013, 03:08:09 PM Doesn't LTC basically do this already (i.e. blocks at around 2.5 minutes)? no their network are defined by having intervals of 2.5min.im talking about increasing the mining power 5 times every 2.8 days. and to answer my own question: yes, it will go up exponentially Title: Re: if a block was mined every 2 min? Post by: CIYAM on March 30, 2013, 03:11:44 PM and to answer my own question: yes, it will go up exponentially Sorry - I must have got confused - but glad that you worked out the answer - are you suggesting that Bitcoin should be changed to allow for quicker mining of blocks? Title: Re: if a block was mined every 2 min? Post by: kokjo on March 30, 2013, 03:16:39 PM and to answer my own question: yes, it will go up exponentially Sorry - I must have got confused - but glad that you worked out the answer - are you suggesting that Bitcoin should be changed to allow for quicker mining of blocks? i don't about all the 51% attacks, panic and other stuff. i was just interested in the difficulty. Title: Re: if a block was mined every 2 min? Post by: lassdas on March 30, 2013, 04:46:30 PM if there was a block mined every 2 min, how would the difficulty change when the network tries to adjust to 10 min intervals? exponentially? i know that its not likely to happen, but i am just wondering. Simple math would suggest the difficulty would go up by a factor of 5. Factor 4 is the maximum the difficulty can grow, an adjustment of +300% already happened in the summer of 2010. |