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Author Topic: Last 7 blocks have been found in 12 minutes !!!  (Read 1808 times)
PolarPoint
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January 12, 2015, 06:25:05 PM
 #21

Mining is like that. Sometimes you have blocks seconds apart and sometimes hours. It evens out over time. If this happens too often, difficulty hikes. I think miners of these 7 blocks are lucky, doesn't happen often.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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newIndia (OP)
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January 12, 2015, 06:27:53 PM
 #22

Mining is like that. Sometimes you have blocks seconds apart and sometimes hours. It evens out over time. If this happens too often, difficulty hikes. I think miners of these 7 blocks are lucky, doesn't happen often.

After the 7, it happened for these 5 again...


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January 12, 2015, 07:03:07 PM
 #23

i can see everyone do respect the hash function alot
CryptoCurrencyInc.com
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January 14, 2015, 03:44:14 AM
 #24

Big companies have money and a power plant producing free electricity.
They can afford to mine Bitcoin even if the price of Bitcoin is only $1 per coin.

                                                                               
                 
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odolvlobo
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January 14, 2015, 05:33:08 AM
 #25

Big companies have money and a power plant producing free electricity.
They can afford to mine Bitcoin even if the price of Bitcoin is only $1 per coin.

Oh? Where does the money to build the plant come from, and where does the energy come from to produce this "free" electricity?

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Oscilson
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January 14, 2015, 09:50:29 AM
 #26

Big companies have money and a power plant producing free electricity.
They can afford to mine Bitcoin even if the price of Bitcoin is only $1 per coin.

Oh? Where does the money to build the plant come from, and where does the energy come from to produce this "free" electricity?

When the price is $1, the difficulty will be much lower. However, initial investment is required.
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