Bitcoin Forum
December 08, 2016, 06:12:04 AM *
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: Rate of block creation  (Read 541 times)
eipiten
Newbie
*
Offline Offline

Activity: 2


View Profile
July 05, 2011, 10:13:07 AM
 #1

Hi,

I was trying to calculate the current rate of monetary expansion, and almost every source I've seen says 6 blocks per hour (144 / day) are created.

Then, I read this thread the other day

http://forum.bitcoin.org/index.php?topic=23301.0

that claims a slightly higher rate (161 blocks / day).  Which one is right and where can I find documentation (I've tried Google and failed)?

Thanks.
1481177524
Hero Member
*
Offline Offline

Posts: 1481177524

View Profile Personal Message (Offline)

Ignore
1481177524
Reply with quote  #2

1481177524
Report to moderator
1481177524
Hero Member
*
Offline Offline

Posts: 1481177524

View Profile Personal Message (Offline)

Ignore
1481177524
Reply with quote  #2

1481177524
Report to moderator
1481177524
Hero Member
*
Offline Offline

Posts: 1481177524

View Profile Personal Message (Offline)

Ignore
1481177524
Reply with quote  #2

1481177524
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2002



View Profile
July 05, 2011, 10:17:34 AM
 #2

Hi,

I was trying to calculate the current rate of monetary expansion, and almost every source I've seen says 6 blocks per hour (144 / day) are created.

Then, I read this thread the other day

http://forum.bitcoin.org/index.php?topic=23301.0

that claims a slightly higher rate (161 blocks / day).  Which one is right and where can I find documentation (I've tried Google and failed)?

Thanks.

The target rate is a block every ten minutes, but when there is more hashing occurring than the target rate, blocks can be solved in less time.  Additionally, variance can cause the number of blocks to vary as well -- where blocks will take even longer than 10 minutes.

But every 2,106 blocks the difficulty will be readjusted to get back on track of hitting a block about once every 10 minutes.

 - http://en.bitcoin.it/wiki/Difficulty#How_soon_might_I_expect_to_generate_a_block?

eipiten
Newbie
*
Offline Offline

Activity: 2


View Profile
July 05, 2011, 10:35:04 AM
 #3

Thanks
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!