Bitcoin Forum
June 27, 2024, 05:03:41 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Does the trasnaction speed increas with hashrate  (Read 675 times)
btchaver (OP)
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
August 10, 2013, 03:06:33 AM
 #1

i think ive asked this before but does the speed of the transaction increase since hashrate is up or if mining with predominantly asics will this make the speed of the transfer faster or increase if hashrate goes up just asking i dont know. Seems like it would stay the same but i dont know enough about that. so im asking.   
CIYAM
Legendary
*
Offline Offline

Activity: 1890
Merit: 1078


Ian Knowles - CIYAM Lead Developer


View Profile WWW
August 10, 2013, 03:19:25 AM
 #2

The protocol adjusts the "difficulty" roughly every two weeks in order to keep the *average* time to solve new blocks to 10 minutes.

So as the time is only the *average* you can always end up with blocks that are solved much quicker (one miner's good luck) or much slower (all miners bad luck).

Also if the hashing power has been dramatically increased since the last "difficulty adjustment" then you can expect blocks to be discovered a bit faster (depending upon just how much extra hashing power has come online).

So in a situation where you have hashing power increasing dramatically you might find that transactions are getting confirmed more quickly than otherwise (although its not so likely to be a huge percentage increase).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!