*shakes greedy hands*
Topic: 1 block / 10 minutes yet blockexplorer shows 278 blocks in the last 22 hours? (Read 1709 times)
May 25, 2011, 03:51:36 PM
soon hardlware market be filled with inexpensive GPU's, RMA'ed by ex-miners
*shakes greedy hands*
*shakes greedy hands*
May 25, 2011, 12:04:13 PM
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?
May 25, 2011, 10:34:10 AM
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.
May 24, 2011, 05:53:25 PM
here's another way of looking at it.
May 24, 2011, 05:44:59 PM
@up
Thats what Im waiting for to upgrade my PC
Thats what Im waiting for to upgrade my PC
May 24, 2011, 05:27:50 PM
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!
May 24, 2011, 05:16:52 PM
mining is over 
May 24, 2011, 05:15:13 PM
May 24, 2011, 05:14:48 PM
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.
May 24, 2011, 05:13:40 PM
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