if a block was mined every 2 min?

[kokjo]

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.

[Vod]

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.

[CIYAM]

Doesn't LTC basically do this already (i.e. blocks at around 2.5 minutes)?

[kokjo]

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

[CIYAM]

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?

[kokjo]

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?

no not at all. i was just wondering what would happen to the difficulty if some crazy dude with tons of ASICs was to mess with us, and put all the blocks 2 min apart.


i don't about all the 51% attacks, panic and other stuff. i was just interested in the difficulty.

[lassdas]

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.