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Topic: Interesting behaivor of TESTNET difficulty - page 2. (Read 421 times)

sr. member
Activity: 966
Merit: 306
September 14, 2023, 01:21:33 AM
#4
Before to all i want to remember to everybody that TESTNET coins are worthless and never supposed to have any real value.
They are worthless because you can not trade Bitcoin Testnet on exchanges but in aspect of Bitcoin miners and developers, they are very valuable.

In aspect of development, Bitcoin testnet help developers a lot.
In aspect of Bitcoin users, it is helpful too because they can practice with Testnet without capital loss.

More interesting, in aspect of Bitcoin miners, they have to spend cost, ASICs to mine Bitcoin testnet that actually has intrinsic value input.

So useless, worthless or valuable, it depends on each person and their practice.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
September 14, 2023, 01:08:42 AM
#3
I'm guessing it's bound to fluctuate quite a bit as more mining activity on testnet will naturally occur at times when people want to test stuff.  If there's no income involved, then there's no competition.  Without that pressure, there's not nearly as much consistency to the hashrate.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
September 14, 2023, 12:39:51 AM
#2
But something change in the difficult of testnet in the last hours, somebody is mining like 5 blocks per second, so if someone wants to learn how to mining they can try Testnet on this momment.
Does this mean the difficulty is very low, or, more likely, someone is mining with a massive hash rate? In your screenshot it stopped "2 minutes ago", currently it stopped 5 minutes ago. But there are now 3356 more blocks than when you posted this (less than an hour ago).
If it's someone with very high hash rate, this doesn't mean anyone can try mining testnet now. I tried earlier this year, and even when the difficulty drops to the minimum CPU mining is futile.
hero member
Activity: 862
Merit: 662
September 13, 2023, 11:42:32 PM
#1
Before to all i want to remember to everybody that TESTNET coins are worthless and never supposed to have any real value.

Quoting: https://en.bitcoin.it/wiki/Testnet

Quote
Testnet coins are separate and distinct from actual bitcoins, and are never supposed to have any value.

The only value that they provide are experience for developers, testers and other people that want to undertand and practice how bitcoin works without spend real bitcoins.

I am doing recently some test on testnet to test features like CPFP, RBF and FullRBF, testing scripts and a long etc...

But something change in the difficult of testnet in the last hours, somebody is mining like 5 blocks per second, so if someone wants to learn how to mining they can try Testnet on this momment.



Quoting againt the bitcoin.it page

Quote
Minimum difficulty of 1.0 on testnet is equal to difficulty of 0.5 on mainnet. This means that the mainnet-equivalent of any testnet difficulty is half the testnet difficulty. In addition, if no block has been found in 20 minutes, the difficulty automatically resets back to the minimum for a single block, after which it returns to its previous value.

According to it, the difficulty is reset to the minimum for a single block and then ir should return to the minimum. But in this ocassion that doesn't happend, i guess that the difficulty just drop to the minimun.

See it on real time on https://mempool.space/testnet

The block mined by a single addres are from 2477663 to 2481082 up to this time, not much just like 4 thousand blocks.

Anyway this is just a little interesting for me because mining is a new topic for me.

Regards
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