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Does the trasnaction speed increas with hashrate
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Topic: Does the trasnaction speed increas with hashrate (Read 675 times)
btchaver
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Does the trasnaction speed increas with hashrate
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
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Ian Knowles - CIYAM Lead Developer
Re: Does the trasnaction speed increas with hashrate
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.
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