Bitcoin Forum
January 23, 2017, 06:22:44 AM *
News: Latest stable version of Bitcoin Core: 0.13.2  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: 1 block / 10 minutes yet blockexplorer shows 278 blocks in the last 22 hours?  (Read 1467 times)
w128
Newbie
*
Offline Offline

Activity: 14



View Profile
May 24, 2011, 10:13:40 PM
 #1

Can someone explain and make me feel dumb?

126158 @ 00:00:48 to 126436 @ 22:05:45

1485152564
Hero Member
*
Offline Offline

Posts: 1485152564

View Profile Personal Message (Offline)

Ignore
1485152564
Reply with quote  #2

1485152564
Report to moderator
1485152564
Hero Member
*
Offline Offline

Posts: 1485152564

View Profile Personal Message (Offline)

Ignore
1485152564
Reply with quote  #2

1485152564
Report to moderator
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- gmaxwell
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1485152564
Hero Member
*
Offline Offline

Posts: 1485152564

View Profile Personal Message (Offline)

Ignore
1485152564
Reply with quote  #2

1485152564
Report to moderator
1485152564
Hero Member
*
Offline Offline

Posts: 1485152564

View Profile Personal Message (Offline)

Ignore
1485152564
Reply with quote  #2

1485152564
Report to moderator
1485152564
Hero Member
*
Offline Offline

Posts: 1485152564

View Profile Personal Message (Offline)

Ignore
1485152564
Reply with quote  #2

1485152564
Report to moderator
smooth
Legendary
*
Offline Offline

Activity: 1302



View Profile
May 24, 2011, 10:14:48 PM
 #2

Can someone explain and make me feel dumb?

6/hour is the target block rate but when there is a rapid increase in miners the block rate will increase until difficulty adjusts to compensate.  Difficulty only adjusts every ~2000 blocks.

xenon481
Sr. Member
****
Offline Offline

Activity: 406



View Profile
May 24, 2011, 10:15:13 PM
 #3


Tips Appreciated: 171TQ2wJg7bxj2q68VNibU75YZB22b7ZDr
Iceredwing
Newbie
*
Offline Offline

Activity: 14


View Profile
May 24, 2011, 10:16:52 PM
 #4

mining is over  Cry
w128
Newbie
*
Offline Offline

Activity: 14



View Profile
May 24, 2011, 10:27:50 PM
 #5


I've seen this several times and only now comprehend what it actually means.

I see a misguided uproar followed by a glut of cheap, barely-used GPUs on the secondary market in the near future.

Gamers rejoice!
zimpixa
Member
**
Offline Offline

Activity: 98


View Profile
May 24, 2011, 10:44:59 PM
 #6

@up
Thats what Im waiting for to upgrade my PC

YinCoin YangCoin ☯☯First Ever POS/POW Alternator! Multipool! ☯ ☯ http://yinyangpool.com/ 
Free Distribution! https://bitcointalk.org/index.php?topic=623937
k
Sr. Member
****
Offline Offline

Activity: 452


View Profile
May 24, 2011, 10:53:25 PM
 #7

here's another way of looking at it.

compro01
Hero Member
*****
Offline Offline

Activity: 485


View Profile
May 25, 2011, 03:34:10 PM
 #8

Can someone explain and make me feel dumb?

126158 @ 00:00:48 to 126436 @ 22:05:45



difficulty is too low relative to current hashing power, resulting in blocks being generated almost twice as fast as they should be.

watch for difficulty to soar shortly.  current projection for next difficulty (sometime tomorrow) is about 417k, a 170k jump.
w128
Newbie
*
Offline Offline

Activity: 14



View Profile
May 25, 2011, 05:04:13 PM
 #9

Can someone explain and make me feel dumb?

126158 @ 00:00:48 to 126436 @ 22:05:45



difficulty is too low relative to current hashing power, resulting in blocks being generated almost twice as fast as they should be.

watch for difficulty to soar shortly.  current projection for next difficulty (sometime tomorrow) is about 417k, a 170k jump.

Sure.

What's puzzling me now is the change in block generation rate between yesterday and today. Yesterday ended with 298 blocks or about one block every 4 minutes. Today we're at 102 blocks in just under 17 hours or one block every 9 minutes.

However, most estimates of total hashing power have only gone up.

Did some massive "dark" array go offline overnight? Would it make sense for a large pool to throttle itself in order control the rate of difficulty increase?
Basiley
Jr. Member
*
Offline Offline

Activity: 42


View Profile
May 25, 2011, 08:51:36 PM
 #10

soon hardlware market be filled with inexpensive GPU's, RMA'ed by ex-miners Tongue
*shakes greedy hands*
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!