can u reset the difficulty in my life to Zero with each block found ?
i'd pay for that
~CfA~
Topic: Difficulty resets to ZERO after each block is found. (Read 1031 times)
There was this DynamicCoin with a very interesting POW approach:
Proof of work
Algo: scrypt
Block reward: scales with network difficulty
Max height: 28800 (max 10 days) (after this network will not accept PoW)
https://bitcointalksearch.org/topic/anndc-new-dynamiccoin-pure-pos-fair-distribution-new-wallet-102-500304
Basicly he made it so that you got always the same amount of coins for your mining power independent of the total mining power of the whole net.
A very interesting concept.
However it seems that this concept lead to multiple forking and consequently self destruction of the Coin before it ever reached the block height of 28800.
Technically, bitcoin's difficulty could hit nearly 0 (not quite 0, afaik). All'd we have to do is remove ALL miners from the entire network, and only solve one block every few weeks. Eventually, after 15+ years, difficulty would readjust and be close enough to 0.
Curious here, instead of resetting the difficulty to 0, why even have a difficulty? Just make it the same hashing algorithm, and each hash is a reward. Simple as that. Then again, blocks would be found at a crazy rate unless the hashing method would be super intensive (32k rounds of sha256, another 64k rounds of bcrypt anyone? Then the results of 16k sha256 rounds added up together to create a single hash).
Curious here, instead of resetting the difficulty to 0, why even have a difficulty? Just make it the same hashing algorithm, and each hash is a reward. Simple as that. Then again, blocks would be found at a crazy rate unless the hashing method would be super intensive (32k rounds of sha256, another 64k rounds of bcrypt anyone? Then the results of 16k sha256 rounds added up together to create a single hash).
yes, and you would have near infinite orphan blocks if there was any hashpower. oh and infinitesimally short blocktimes as every hash was valid.
ps coins dont start at 0 diff, at zero diff i am assuming every hash would be valid?
ps coins dont start at 0 diff, at zero diff i am assuming every hash would be valid?
Maybe you don't quite get how Bitcoin actually works. Without an ever increasing difficulty, the block time would not be regulated at 10 mins average. The 10 minute time is important to give all nodes a chance to receive messages across the Internet, p2p, and catch up with the blockchain. Of course, you also want to keep the creation of new coins regulated.
Is it possible to make a cryptocurrency with the Difficulty resets to ZERO after each block is found? This way, difficulty will never reach an insane level like Bitcoin's difficulty of 29+ Billion.
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