Bitcoin Forum
December 03, 2016, 05:52:43 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Estimated difficulty question  (Read 748 times)
Serge
Legendary
*
Offline Offline

Activity: 1050


View Profile
June 27, 2011, 04:29:04 AM
 #1

I'm looking at Bitcoin Charts and seeing following now:


Difficulty   1379223
Estimated   1433429 in 1612 blks

Blocks/hour   6.01 / 599 s


My question, if we're currently generating 6.01 blocks an hour, shouldn't  the estimated difficulty be much closer to current difficulty level? Or at 6blocks/hour it is still expected to increase?
1480787563
Hero Member
*
Offline Offline

Posts: 1480787563

View Profile Personal Message (Offline)

Ignore
1480787563
Reply with quote  #2

1480787563
Report to moderator
1480787563
Hero Member
*
Offline Offline

Posts: 1480787563

View Profile Personal Message (Offline)

Ignore
1480787563
Reply with quote  #2

1480787563
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480787563
Hero Member
*
Offline Offline

Posts: 1480787563

View Profile Personal Message (Offline)

Ignore
1480787563
Reply with quote  #2

1480787563
Report to moderator
1480787563
Hero Member
*
Offline Offline

Posts: 1480787563

View Profile Personal Message (Offline)

Ignore
1480787563
Reply with quote  #2

1480787563
Report to moderator
1480787563
Hero Member
*
Offline Offline

Posts: 1480787563

View Profile Personal Message (Offline)

Ignore
1480787563
Reply with quote  #2

1480787563
Report to moderator
fascistmuffin
Jr. Member
*
Offline Offline

Activity: 56



View Profile
June 27, 2011, 04:31:18 AM
 #2

That's only like a ~4% increase, not that big compared to the one we just had.
Serge
Legendary
*
Offline Offline

Activity: 1050


View Profile
June 27, 2011, 04:33:36 AM
 #3

Yes, true

But my understanding was that at 6 blocks/hr  difficulty shouldn't increase, even if its only ~4%

PS I know its too early before next re-evaluation of difficulty, and the hash rate and blocks/hr  can and will change..  but let's assume blocks per hours stay at 6 - will estimated difficulty level with current one closer to the reset?
einsteinx2
Newbie
*
Offline Offline

Activity: 27


View Profile
June 27, 2011, 04:37:36 AM
 #4

Yes, true

But my understanding was that at 6 blocks/hr  difficulty shouldn't increase, even if its only ~4%

Yes but about 400 blocks were completed already. It may be 6.01 blocks per hour right now (in fact at this second it's actually 6.36), but for other times during that 400 blocks it was higher than 6.01, so in total, an average of 4% more than 6 blocks per hour was completed. The average speed will continue to change over the next 1600 blocks as the hashing speed fluctuates.
Serge
Legendary
*
Offline Offline

Activity: 1050


View Profile
June 27, 2011, 04:39:14 AM
 #5

Yes, true

But my understanding was that at 6 blocks/hr  difficulty shouldn't increase, even if its only ~4%

Yes but about 400 blocks were completed already. It may be 6.01 blocks per hour right now (in fact at this second it's actually 6.36), but for other times during that 400 blocks it was higher than 6.01, so in total, an average of 4% more than 6 blocks per hour was completed. The average speed will continue to change over the next 1600 blocks as the hashing speed fluctuates.

Thank you! lol I knew I was missing something, didn't account for past recent higher generating speed.

/thread  =)
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!