Faster transactions?

[HollowIP]

Did I miss something lately?

All of my transactions the last few days have been extremely fast. I send an amount and it's nearly an instant confirmation. I was wondering if there was some recent upgrade in the blockchain or something that is speeding things up?

[1715649615]

1715649615

[1715649615]

1715649615

[gweedo]

Did I miss something lately?

All of my transactions the last few days have been extremely fast. I send an amount and it's nearly an instant confirmation. I was wondering if there was some recent upgrade in the blockchain or something that is speeding things up?

No you are just getting lucky, and probably catching it right before a miner mines the block.

[HollowIP]

Did I miss something lately?

All of my transactions the last few days have been extremely fast. I send an amount and it's nearly an instant confirmation. I was wondering if there was some recent upgrade in the blockchain or something that is speeding things up?

No you are just getting lucky, and probably catching it right before a miner mines the block.

Oh nice. Cheers for the info.

[phillipsjk]

Actually, there is an upgrade going on: the GPU-> ASIC transition.

The network hash rate is increasing so fast that the next difficulty adjustment is going to be huge.

Code:

<phillipsjk> ;;diffchange
<gribble> Estimated percent change in difficulty this period | 23.33054 % based on data since last change | 39.67409 % based on data for last three days

So blocks are coming about 23% faster now. (or 40% faster, depending how you count.)

The increase has got to level out eventually, but there is supposed to be a lot of hardware arriving in the fall.

[justusranvier]

I've heard predictions that as ASICs roll out the hash rate is going to double every 4-6 weeks for the next two years. If that hold up the block times are going to be consistently short for a while.

[drawingthesun]

How do you work out when the next retarget is going to be?