Difficulty | Bitcointalksearch.org

DannyHamilton

legendary

Activity: 3528

Merit: 4945

Quote from: infinitybo on December 27, 2013, 03:18:04 AM

@KommandoComputers Sure because the difficulty increase every 10 minutes due to the nature of the expanding block chain history.

You are wrong.

Please avoid giving advice in the future until you've taken some time to actually understand how bitcoin works. Otherwise you are simply increasing the amount of confusion and misunderstanding that exists in the world.

fjone

newbie

Activity: 1

Merit: 0

Hi!

Is there a good website for predicting future difficulty levels?

hunnaryb

hero member

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Merit: 500

Quote from: infinitybo on December 27, 2013, 03:18:04 AM

@KommandoComputers Sure because the difficulty increase every 10 minutes due to the nature of the expanding block chain history.

Nope, if worldwide hashrate remained a constant, difficulty stay about the same

infinitybo

newbie

Activity: 28

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@KommandoComputers Sure because the difficulty increase every 10 minutes due to the nature of the expanding block chain history.

DannyHamilton

legendary

Activity: 3528

Merit: 4945

Quote from: corky876 on December 27, 2013, 12:46:35 AM

Didn't really think about it being possible for difficulty to decrease, but I guess theoretically it could.

It not only "could", it has.

Quote from: corky876 on December 27, 2013, 12:46:35 AM

I don't really understand why you say 20160 minutes though.

Difficulty is adjusted every 2016 blocks. Difficulty is adjusted to bring block creation closer in line with an average of 1 block every 10 minutes. If blocks are being solved faster than that, difficulty is increased proportionally to slow down block solving. If blocks are solved slower than that, difficulty is decreased proportionally to speed up block creation.

2016 blocks at 10 minutes per block = 20,160 minutes.

Quote from: corky876 on December 27, 2013, 12:46:35 AM

Is the minutes you are reffering to not a unit of time, but a different computing minute?

A unit of time, as in 1/60 of an hour, or 1/1440 of a day, or 60 seconds.

bitcoinguru42

newbie

Activity: 14

Merit: 0

Quote from: corky876 on December 27, 2013, 12:46:35 AM

Ah ok so this is how the difficulty is determined. Didn't really think about it being possible for difficulty to decrease, but I guess theoretically it could. I don't really understand why you say 20160 minutes though. Is the minutes you are reffering to not a unit of time, but a different computing minute?

difficulty has in fact decreased in the past fyi

corky876

newbie

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Ah ok so this is how the difficulty is determined. Didn't really think about it being possible for difficulty to decrease, but I guess theoretically it could. I don't really understand why you say 20160 minutes though. Is the minutes you are reffering to not a unit of time, but a different computing minute?

DannyHamilton

legendary

Activity: 3528

Merit: 4945

Quote from: KommandoComputers on December 26, 2013, 10:45:26 PM

If the worldwide hashrate remained a constant would the difficulty increase. . .

The bitcoin minung difficulty is entirely based on the amount if time it takes to solve 2016 blocks. If it takes less than 20,160 minutes then difficulty us increased. If it takes more than 20,160 minutes, then difficulty is decreased.

bitcoinguru42

newbie

Activity: 14

Merit: 0

That "If" is almost impossible, the hash rate could not stay constant unless literally every individual has 24/7 uptime and no-one comes or leaves which is like finding a four leaf clover under a double rainbow

yogi

legendary

Activity: 947

Merit: 1042

Hamster ate my bitcoin

No, difficulty is used to control the block production rate.

decrypter

newbie

Activity: 28

Merit: 0

I don't think it would.

KommandoComputers

newbie

Activity: 3

Merit: 0

If the worldwide hashrate remained a constant would the difficulty increase due to the nature of the expanding block chain history?

Topic: Difficulty (Read 647 times)