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Title: Faster transactions? Post by: HollowIP on August 31, 2013, 08:13:31 AM Did I miss something lately?
All of my transactions the last few days have been extremely fast. I send an amount and it's nearly an instant confirmation. I was wondering if there was some recent upgrade in the blockchain or something that is speeding things up? Title: Re: Faster transactions? Post by: gweedo on August 31, 2013, 08:29:49 AM Did I miss something lately? All of my transactions the last few days have been extremely fast. I send an amount and it's nearly an instant confirmation. I was wondering if there was some recent upgrade in the blockchain or something that is speeding things up? No you are just getting lucky, and probably catching it right before a miner mines the block. Title: Re: Faster transactions? Post by: HollowIP on August 31, 2013, 08:32:24 AM Did I miss something lately? All of my transactions the last few days have been extremely fast. I send an amount and it's nearly an instant confirmation. I was wondering if there was some recent upgrade in the blockchain or something that is speeding things up? No you are just getting lucky, and probably catching it right before a miner mines the block. Oh nice. Cheers for the info. Title: Re: Faster transactions? Post by: phillipsjk on August 31, 2013, 08:46:33 AM Actually, there is an upgrade going on: the GPU-> ASIC transition.
The network hash rate is increasing so fast that the next difficulty adjustment is going to be huge. Code: <phillipsjk> ;;diffchange So blocks are coming about 23% faster now. (or 40% faster, depending how you count.) The increase has got to level out eventually, but there is supposed to be a lot of hardware arriving in the fall. Title: Re: Faster transactions? Post by: justusranvier on August 31, 2013, 04:55:43 PM I've heard predictions that as ASICs roll out the hash rate is going to double every 4-6 weeks for the next two years. If that hold up the block times are going to be consistently short for a while.
Title: Re: Faster transactions? Post by: drawingthesun on August 31, 2013, 05:31:52 PM How do you work out when the next retarget is going to be?
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