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Topic: if a block was mined every 2 min? (Read 588 times)

lassdas
legendary
Activity: 3649
Merit: 1412
if a block was mined every 2 min?
March 30, 2013, 12:46:30 PM
#7
Quote from: Vod on March 30, 2013, 10:20:59 AM
Quote from: kokjo on March 30, 2013, 10:14:22 AM
if there was a block mined every 2 min, how would the difficulty change when the network tries to adjust to 10 min intervals? exponentially?

i know that its not likely to happen, but i am just wondering.

Simple math would suggest the difficulty would go up by a factor of 5.

Factor 4 is the maximum the difficulty can grow,
an adjustment of +300% already happened in the summer of 2010.
kokjo
legendary
Activity: 1050
Merit: 1000
You are WRONG!
Re: if a block was mined every 2 min?
March 30, 2013, 11:16:39 AM
#6
Quote from: CIYAM on March 30, 2013, 11:11:44 AM
Quote from: kokjo on March 30, 2013, 11:08:09 AM
and to answer my own question: yes, it will go up exponentially

Sorry - I must have got confused - but glad that you worked out the answer - are you suggesting that Bitcoin should be changed to allow for quicker mining of blocks?

no not at all. i was just wondering what would happen to the difficulty if some crazy dude with tons of ASICs was to mess with us, and put all the blocks 2 min apart.


i don't about all the 51% attacks, panic and other stuff. i was just interested in the difficulty.
CIYAM
legendary
Activity: 1890
Merit: 1072
Ian Knowles - CIYAM Lead Developer
Re: if a block was mined every 2 min?
March 30, 2013, 11:11:44 AM
#5
Quote from: kokjo on March 30, 2013, 11:08:09 AM
and to answer my own question: yes, it will go up exponentially

Sorry - I must have got confused - but glad that you worked out the answer - are you suggesting that Bitcoin should be changed to allow for quicker mining of blocks?
kokjo
legendary
Activity: 1050
Merit: 1000
You are WRONG!
Re: if a block was mined every 2 min?
March 30, 2013, 11:08:09 AM
#4
Quote from: CIYAM on March 30, 2013, 10:21:43 AM
Doesn't LTC basically do this already (i.e. blocks at around 2.5 minutes)?
no their network are defined by having intervals of 2.5min.

im talking about increasing the mining power 5 times every 2.8 days.


and to answer my own question: yes, it will go up exponentially
CIYAM
legendary
Activity: 1890
Merit: 1072
Ian Knowles - CIYAM Lead Developer
Re: if a block was mined every 2 min?
March 30, 2013, 10:21:43 AM
#3
Doesn't LTC basically do this already (i.e. blocks at around 2.5 minutes)?
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
Re: if a block was mined every 2 min?
March 30, 2013, 10:20:59 AM
#2
Quote from: kokjo on March 30, 2013, 10:14:22 AM
if there was a block mined every 2 min, how would the difficulty change when the network tries to adjust to 10 min intervals? exponentially?

i know that its not likely to happen, but i am just wondering.

Simple math would suggest the difficulty would go up by a factor of 5.
kokjo
legendary
Activity: 1050
Merit: 1000
You are WRONG!
Re: if a block was mined every 2 min?
March 30, 2013, 10:14:22 AM
#1
if there was a block mined every 2 min, how would the difficulty change when the network tries to adjust to 10 min intervals? exponentially?

i know that its not likely to happen, but i am just wondering.
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