Bitcoin Forum
June 17, 2024, 12:33:18 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: When a block of coins is discovered by an address, the existance of those coins  (Read 955 times)
SeanArce (OP)
Full Member
***
Offline Offline

Activity: 182
Merit: 100



View Profile
December 02, 2013, 05:49:36 PM
 #1

in the network raises the difficulty to discover new coins, correct?

www.onefamous.org
https://soundcloud.com/naer-sri
15ZmN3d7WZDo4WbZwPFJMZcPMBDUkueGH7 - my  btc address
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1079


Gerald Davis


View Profile
December 02, 2013, 05:52:38 PM
 #2

in the network raises the difficulty to discover new coins, correct?

No.  Not even close.   That was almost like a crypto mad lib where people just fill in random words.

Quote
When a ____ of ____ is discovered by an _______, the existence of those _____ in the network raises the _____ to discover the new _____.

How about you just ask a question rather than phrase an incorrect statement as a question because in this case it is so incorrect it is difficult to determine what you are really asking?
SeanArce (OP)
Full Member
***
Offline Offline

Activity: 182
Merit: 100



View Profile
December 02, 2013, 05:54:28 PM
 #3

in the network raises the difficulty to discover new coins, correct?

No.  Not even close.   That was almost like a crypto mad lib where people just fill in random words.

Quote
When a ____ of ____ is discovered by an _______, the existence of those _____ in the network raises the _____ to discover the new _____.

How about you just ask a question rather than phrase an incorrect statement as a question because in this case it is so incorrect it is difficult to determine what you are really asking?


calm down bro. explain it to me like I'm autistic

www.onefamous.org
https://soundcloud.com/naer-sri
15ZmN3d7WZDo4WbZwPFJMZcPMBDUkueGH7 - my  btc address
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218
Merit: 1079


Gerald Davis


View Profile
December 02, 2013, 06:33:19 PM
 #4

Ask your question.  Not an (incorrect) statement phrased as a question.  Just ask the question which is underneath all that.  I don't want to try to decode what I think you might be meaning to ask.
Barek
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
December 02, 2013, 06:38:51 PM
Last edit: December 02, 2013, 09:37:48 PM by Barek
 #5

I think I get what you are asking.

Every 2016 blocks the difficulty is adjusted (based on the performance of the last 2016 blocks) so that on average 6 blocks per hour are discovered.

That means if the previous 2016 blocks more than 6 blocks per hour were discovered, the difficulty rises. If the last 2016 blocks produced fewer than 6 blocks per hour, the difficulty is lowered.

Take a look at http://bitcoinwatch.com/. It shows avg. blocks per hour, current difficulty, estimated next difficulty, and the number of further blocks until difficulty is adjusted.
SeanArce (OP)
Full Member
***
Offline Offline

Activity: 182
Merit: 100



View Profile
December 02, 2013, 07:22:44 PM
 #6

Ask your question.  Not an (incorrect) statement phrased as a question.  Just ask the question which is underneath all that.  I don't want to try to decode what I think you might be meaning to ask.

You could have just added some knowledge

www.onefamous.org
https://soundcloud.com/naer-sri
15ZmN3d7WZDo4WbZwPFJMZcPMBDUkueGH7 - my  btc address
kjj
Legendary
*
Offline Offline

Activity: 1302
Merit: 1025



View Profile
December 02, 2013, 07:35:40 PM
 #7

I couldn't figure out what the hell you were asking either.

17Np17BSrpnHCZ2pgtiMNnhjnsWJ2TMqq8
I routinely ignore posters with paid advertising in their sigs.  You should too.
Mylon
Full Member
***
Offline Offline

Activity: 140
Merit: 100

Mining FTW


View Profile
December 02, 2013, 07:59:27 PM
 #8

When a block of coins is discovered by an address, the existance of those coins... appears out of thin air. (newly created)
in the network raises the difficulty to discover new coins, correct? The bigger the network, the more difficult it becomes to discover new coins. (like a lottery with only a main price, 1 million people buy tickets, only one person wins. Bitcoin makes sure the lottery only gets done once every 10 minutes, regardless of how many people enter.)

or...

When a block of coins is discovered by an address, the existance of those coins...in the network raises the difficulty to discover new coins, correct? No, the amount of coins that are in the system is irrelevant in regard to how difficult it is to discover the next set of coins. (Only the number of participants, aka Hashing power, change the difficulty to discover new coins)

"All Your Base Are Belong To Us" by CATS
DannyHamilton
Legendary
*
Offline Offline

Activity: 3430
Merit: 4660



View Profile
December 02, 2013, 09:33:14 PM
 #9

Quote
When a block of coins

There aren't any blocks of coins.  There are blocks of transactions.

Quote
coins is discovered

Coins are not discovered.  Nonces are discovered.

Quote
discovered by an address

Addresses don't discover anything.  Addresses are added to transactions as a way to create a requirement for a digital signature

Quote
the existance of those coins in the network

Coins don't exist in bitcoin at all.  We humans use the concept of a coin as an abstraction to make it easier to discuss the transfer of control over value.  There is no "existence of a bitcoin".

Quote
raises the difficulty to discover new coins

The difficulty that is adjusted is the difficulty to solve a new block.  It has nothing at all to do with the "existence of bitcoins" and everything to do with the amount of time that it took to solve the the previous set of 2016 blocks.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!