Topic: Every 3 days a block will take more than 1 hour to solve. Can anything be done? - page 2. (Read 1127 times)
July 14, 2015, 07:06:58 AM
Why is this a problem, exactly?
July 14, 2015, 06:43:54 AM
Every 3 days (on average) a block will take more than an hour to solve. Although 10 minutes is the average, occasionally it could be much more than this.
An hour is a long time to wait for a single confirmation, especially if Bitcoin becomes widely adopted.
It might not happen very often but this doesn't mean it's acceptable - ( once every 3 years a block will takes more than 2 hours to solve! )
I guess it's hard to propose a solution to this but could the difficulty be reduced (temporarily) if a block has not been solved in say, 20 minutes?
I realize that time is a fuzzy concept in the Bitcoin network so this might fall down if the nodes can't agree on what actually is 20 minutes.
An hour is a long time to wait for a single confirmation, especially if Bitcoin becomes widely adopted.
It might not happen very often but this doesn't mean it's acceptable - ( once every 3 years a block will takes more than 2 hours to solve! )
I guess it's hard to propose a solution to this but could the difficulty be reduced (temporarily) if a block has not been solved in say, 20 minutes?
I realize that time is a fuzzy concept in the Bitcoin network so this might fall down if the nodes can't agree on what actually is 20 minutes.
Jump to: