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Topic: hour and a half since last block (aka: time to fork it!) (Read 1780 times)

sr. member
Activity: 434
Merit: 250
Without looking at blocks in 2009 when it was mostly Satoshi mining, the longest times between blocks were:

Block 74637: 2010-08-15 17:02:43
Block 74638: 2010-08-15 23:53:59

Remember, that on average blocks are 10 minutes apart for a given difficulty.  You can calculate the chances of having blocks more than 1 hr or less than 1 min apart with the given difficulty perfectly acceptable.



yes, i concur.
i was perhaps just slightly inebriated last night and fell off my chair when a tx didn't confirm, funnily enough though... I had a couple of tx's which did not confirm until after later ones. What might have caused this? I've never seen this happen before. All tx's were sent and received with correct tx fee of 0.0001BTC

see highlighted tx and compare the timestamps of those around it, which confirmed before it:

Transaction ID: 816f6ba6fe588b28b83ca234edca2763683b2335de3aa4ccdf267ecc7cca1407

legendary
Activity: 896
Merit: 1001
Without looking at blocks in 2009 when it was mostly Satoshi mining, the longest times between blocks were:

Block 74637: 2010-08-15 17:02:43
Block 74638: 2010-08-15 23:53:59

Remember, that on average blocks are 10 minutes apart for a given difficulty.  You can calculate the chances of having blocks more than 1 hr or less than 1 min apart with the given difficulty perfectly acceptable.

sr. member
Activity: 434
Merit: 250
could we be looking at a hard fork soon?
next block size wants to be >1Mb?

or am i just impatient.  Roll Eyes
The time to 'find' a block and the block size are two very different parts of the bitcoin protocol and do not affect each other. The next bitcoin difficulty will likely go down by ~1.3% in ~1 day. It is expected that luck will sometimes cause it to take a long time between when two blocks are found (the same way that luck can sometimes 'cause' blocks to be found in quick succession).

No, i know that. What i was (fearfully) inferring was that the block size might have reached that 1mb limit and as a result may have stalled the chain, which could have caused what we experienced last evening.
Thankfully this was not the case, but as MineForeman correctly pointed out; this will happen eventually at some point next year and the development team are prepared for when it does.

hero member
Activity: 532
Merit: 500
could we be looking at a hard fork soon?
next block size wants to be >1Mb?

or am i just impatient.  Roll Eyes
The time to 'find' a block and the block size are two very different parts of the bitcoin protocol and do not affect each other. The next bitcoin difficulty will likely go down by ~1.3% in ~1 day. It is expected that luck will sometimes cause it to take a long time between when two blocks are found (the same way that luck can sometimes 'cause' blocks to be found in quick succession).
hero member
Activity: 765
Merit: 503
What does that mean
If you are refereing to the OP, then it means the difficulty is spot on.
hero member
Activity: 854
Merit: 503
|| Web developer ||
What does that mean
legendary
Activity: 1512
Merit: 1011
don't be stupid ... math do always the better ...  Grin on the average : https://bitcoinwisdom.com/bitcoin/difficulty

Block Generation Time(?):    
1 block: 10.0 minutes
3 blocks: 30.1 minutes
6 blocks: 1.0 hours
sr. member
Activity: 434
Merit: 250
I should ask tho, now I have your captive attention.. am I correct in presuming that there will indeed be a hard fork, to allow these larger block size in the near future?

It would but "Hard Fork" is a fairly misleading term.  It would not be like back in march of 2013 when there was two competing blockchains.

It would be a planned thing that everyone was made aware of well before the event and would be monitored closely.  Similar to how version 1 blocks were phased out.  It would be unlikely to case an actual blockchain fork and mos users would be blissfully unaware of it going on (we hope Tongue).

and I am certain it will be conducted with perfect harmony.

please accept my apologies regarding the term 'hard fork', yes, I can't foresee it being anything like the previous and even then, there was no great outrage over it. everyone ended up on the correct chain eventually. quite a feat of programming when you think back on it to be honest.

my whisky says you should turn it all into POS at the fork.  Tongue


kidding.
legendary
Activity: 896
Merit: 1000
I should ask tho, now I have your captive attention.. am I correct in presuming that there will indeed be a hard fork, to allow these larger block size in the near future?

It would but "Hard Fork" is a fairly misleading term.  It would not be like back in march of 2013 when there was two competing blockchains.

It would be a planned thing that everyone was made aware of well before the event and would be monitored closely.  Similar to how version 1 blocks were phased out.  It would be unlikely to case an actual blockchain fork and mos users would be blissfully unaware of it going on (we hope Tongue).
sr. member
Activity: 434
Merit: 250
I should ask tho, now I have your captive attention.. am I correct in presuming that there will indeed be a hard fork, to allow these larger block size in the near future?
sr. member
Activity: 434
Merit: 250
1 hour 32 minutes o.O

It's quite a lot time. I think it's about the diff readjustment. Maybe it has gone wrong and the diff became 40 trillion instead of billion Grin

i fear that block size limitation is the issue here.

How so?  Block size and confirmations are not related, it takes marginally more processing power to sign a 1 MB block as it would to sign a 1 GB one.

Or are you just fuddding? Tongue

not entirely fud no, perhaps just a slight whisky-intoxified fear because that particular block confirmation, i was waiting on a tx Embarrassed
all's well that ends well.
legendary
Activity: 896
Merit: 1000
1 hour 32 minutes o.O

It's quite a lot time. I think it's about the diff readjustment. Maybe it has gone wrong and the diff became 40 trillion instead of billion Grin

i fear that block size limitation is the issue here.

How so?  Block size and confirmations are not related, it takes marginally more processing power to sign a 1 MB block as it would to sign a 1 GB one.

Or are you just fuddding? Tongue
sr. member
Activity: 434
Merit: 250
Seems like a lot of miners have shut down, unable to cope up with this low price and high difficulty.

no, smart sha256 miners are diging serious money since few days


i'll give away the secret, coz i is a raskul.  Cheesy

https://bitcointalksearch.org/topic/m.9849580

Ooops... that scamcoin by the scamster. Angry

OT, but yes, it's all going to fall down on it's bottom and there are going to be many unhappy people when it does.
sr. member
Activity: 434
Merit: 250
1 hr 41 minutes to hit block #334,487

and it's going to be pushing the limits very soon

Quote
880.56kb
legendary
Activity: 1662
Merit: 1050
Seems like a lot of miners have shut down, unable to cope up with this low price and high difficulty.

no, smart sha256 miners are diging serious money since few days


i'll give away the secret, coz i is a raskul.  Cheesy

https://bitcointalksearch.org/topic/m.9849580

Ooops... that scamcoin by the scamster. Angry
hero member
Activity: 579
Merit: 500
CoinQuacker
1 hr 41 minutes to hit block #334,487
sr. member
Activity: 434
Merit: 250
Seems like a lot of miners have shut down, unable to cope up with this low price and high difficulty.

no, smart sha256 miners are diging serious money since few days


i'll give away the secret, coz i is a raskul.  Cheesy

https://bitcointalksearch.org/topic/m.9849580
hero member
Activity: 728
Merit: 500
cryptoshark
Seems like a lot of miners have shut down, unable to cope up with this low price and high difficulty.

no, smart sha256 miners are diging serious money since few days
legendary
Activity: 1662
Merit: 1050
1 hour 32 minutes o.O

It's quite a lot time. I think it's about the diff readjustment. Maybe it has gone wrong and the diff became 40 trillion instead of billion Grin

According to www.blocktrail.com, it is two hour already !!! Shocked

Seems like a lot of miners have shut down, unable to cope up with this low price and high difficulty.
sr. member
Activity: 434
Merit: 250
1 hour 32 minutes o.O

It's quite a lot time. I think it's about the diff readjustment. Maybe it has gone wrong and the diff became 40 trillion instead of billion Grin

i fear that block size limitation is the issue here.
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