[7,673,000] Difficulty Discussion Thread [TRENDING (╯°□°）╯︵ ┻━┻]

[FuzzyBear]

Chain Block Chain Size Cycle Next Blocks Left Measured Current Difficulty Est Next Difficulty Est % Change Retarget Distance
btc    229835    0M    2016    231840    2005    0.55%    7673000.00    14704355.40    91.64%    7d 6hr 22m 27s
nmc    104013    0M    2016    104832    819    59.38%    1122924.67    1399677.71    24.65%    4d 13hr 30m 37s
ltc    328395    0M    2016    328608    213    89.43%    153.17    205.36    34.07%    0d 6hr 37m 10s

I know it only just changed.... but lol at the next difficulty for BTC

Edit: added column headers

Source: http://allchains.info

[1714785711]

1714785711

[1714785711]

1714785711

[1714785711]

1714785711

[tempt]

btc    229835    0M    2016    231840    2005    0.55%    7673000.00    14704355.40    91.64%    7d 6hr 22m 27s
nmc    104013    0M    2016    104832    819    59.38%    1122924.67    1399677.71    24.65%    4d 13hr 30m 37s
ltc    328395    0M    2016    328608    213    89.43%    153.17    205.36    34.07%    0d 6hr 37m 10s

I know it only just changed.... but lol at the next difficulty for BTC

Where did you get those numbers? And whats 14704355.40?

[zif33rs]

16041184.24557205   is next.   :/

[martynw2000]

So how come thttp://bitcoinwatch.com/bitcoin/ says:

Difficulty   7,673,000
Next Difficulty 7,668,140




Looking at the charts I tend to believe bitcoinwatch

[Tehfiend]

16041184.24557205   is next.   :/

Ignore. The predicted difficulty is extremely inaccurate immediately after it increases since it only has a few blocks to estimate with.

[tempt]

one question regarding difficulty, if the hashrate stays 50th during the whole 2000blocks, does it increase? if yes, how much?

[martynw2000]

From what I understand - if the hash rate is exactly the same in 2000 blocks time, then the difficulty remains the same. If the hash rate goes up by 5%, then the difficulty goes up by 5% as well... so it would be 8,056,650. In the same way it could go down.

If the hashing rate goes up for the next 1000 blocks and then falls back down to the same rate as today, then the difficulty stay the same. It's dependant on the hashing rate at the exact time we reach then next 2000 or so blocks.

I *think* that's right. Someone please correct me if I'm wrong....

[JimiQ84]

From what I understand - if the hash rate is exactly the same in 2000 blocks time, then the difficulty remains the same. If the hash rate goes up by 5%, then the difficulty goes up by 5% as well... so it would be 8,056,650. In the same way it could go down.

If the hashing rate goes up for the next 1000 blocks and then falls back down to the same rate as today, then the difficulty stay the same. It's dependant on the hashing rate at the exact time we reach then next 2000 or so blocks.

I *think* that's right. Someone please correct me if I'm wrong....

yes, you're right. Although it's 2016 blocks. And luck also figures in the equation. Only "how much time passed since last change" affects new difficulty change.

[piranha]

So we could game it? Everyone starts hashing half the time around  every 2000th block.. 

[Tehfiend]

So we could game it? Everyone starts hashing half the time around  every 2000th block.. 

Bitcoin is much smarter than that . Difficulty is based on how long the last 2016 blocks took to generate which is supposed to take 2 weeks. For example If it takes 1 week then difficulty will be doubled. If it takes 4 weeks, then difficulty will be halved.