Alexium (OP)
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April 06, 2011, 02:17:12 PM |
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Greetings!
I'd like to hear from those familiar with the system's statistics. How much time would you say we have until next difficulty level, considering the present hashrate and the hashrate growth speed?
Thanks!
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cdhowie
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April 06, 2011, 02:25:03 PM |
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Greetings!
I'd like to hear from those familiar with the system's statistics. How much time would you say we have until next difficulty level, considering the present hashrate and the hashrate growth speed?
Thanks!
The hash target is adjusted every 2016 blocks to try to cause the next 2016 blocks to take two weeks to find. So, if the network's hash strength is growing, you can expect the target to adjust a bit sooner than two weeks. |
Tips are always welcome and can be sent to 1CZ8QgBWZSV3nLLqRk2BD3B4qDbpWAEDCZ Thanks to ye, we have the final piece.PGP key fingerprint: 2B7A B280 8B12 21CC 260A DF65 6FCE 505A CF83 38F5 SerajewelKS @ #bitcoin-otc |
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dbitcoin
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April 06, 2011, 02:26:43 PM |
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Current Blocks: 117028 | Current Difficulty: 82347.22294654 | Next Difficulty At Block: 118943 | Next Difficulty In: 1915 blocks | Next Difficulty In About: 2 weeks, 0 days, 12 hours, 57 minutes, and 20 seconds | Next Difficulty Estimate: 76076.55229829
There is no strict numbers, always updated during 2 week period.
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Alexium (OP)
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April 06, 2011, 02:29:16 PM |
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Please excuse a noob, I didn't know it's being ajusted periodically.
I think I read something about saltatory difficulty adjustment upon reaching some predefined amount of blocks (2 hundred thousand something).
Have to go RTFM.
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cdhowie
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April 06, 2011, 02:32:48 PM |
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Please excuse a noob, I didn't know it's being ajusted periodically.
No need to excuse anyone; everyone starts a noob.  For further reading on this subject: https://en.bitcoin.it/wiki/Targethttps://en.bitcoin.it/wiki/DifficultyIf it's not clear from the articles, the difficulty is a function of the target; the target adjusts about every two weeks, and this changes the difficulty. |
Tips are always welcome and can be sent to 1CZ8QgBWZSV3nLLqRk2BD3B4qDbpWAEDCZ Thanks to ye, we have the final piece.PGP key fingerprint: 2B7A B280 8B12 21CC 260A DF65 6FCE 505A CF83 38F5 SerajewelKS @ #bitcoin-otc |
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Alexium (OP)
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April 06, 2011, 02:34:14 PM |
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Please excuse a noob, I didn't know it's being ajusted periodically.
No need to excuse anyone; everyone starts a noob. For further reading on this subject: https://en.bitcoin.it/wiki/Targethttps://en.bitcoin.it/wiki/DifficultyIf it's not clear from the articles, the difficulty is a function of the target; the target adjusts about every two weeks, and this changes the difficulty. Thanks! |
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xenon481
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April 06, 2011, 02:55:41 PM |
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the target adjusts about every two weeks, and this changes the difficulty.
More accurately, the target adjusts every 2016 blocks. If the period between retargets was less than two weeks, then the difficulty increases. If it was more than two weeks, the difficulty decreases. |
Tips Appreciated: 171TQ2wJg7bxj2q68VNibU75YZB22b7ZDr
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Alexium (OP)
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April 06, 2011, 02:59:02 PM
Last edit: April 06, 2011, 03:29:09 PM by Alexium |
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cdhowie, xenon481, thank you. I think I got it.
I still wonder what's an average speed of hashrate growth for, say, last 6 months. Or last year. Is it possible to find that out?
The idea is to calculate the difficulty for a given time in the future, based on the current trend.
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[Tycho]
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April 06, 2011, 03:28:00 PM |
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cdhowie, xenon481, thank you. I think I got it.
I still wonder what's an average speed of hashrate growth for, say, last 6 months. Or last year. Is it possible to find that out?
http://bitcoin.sipa.be/speed-lin.png |
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Alexium (OP)
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April 06, 2011, 03:32:29 PM |
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Thank you. I never thought it was SO FAST. So sad I didn't know about the project last summer... |
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cdhowie
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April 06, 2011, 03:51:03 PM |
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More accurately, the target adjusts every 2016 blocks. If the period between retargets was less than two weeks, then the difficulty increases. If it was more than two weeks, the difficulty decreases.
That's exactly what I said in my first reply. I was summarizing.  |
Tips are always welcome and can be sent to 1CZ8QgBWZSV3nLLqRk2BD3B4qDbpWAEDCZ Thanks to ye, we have the final piece.PGP key fingerprint: 2B7A B280 8B12 21CC 260A DF65 6FCE 505A CF83 38F5 SerajewelKS @ #bitcoin-otc |
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