Topic: Is it possible to mine all BTC before 2140? - page 2. (Read 3201 times)
I don't think so. As far as I know, it's a sort of hard coded feature, and it's not gonna change, it was designed this way. Correct me if im wrong tho.
I just woke up and had this thought in my head.
In the highly unlikely scenario all miners cooperated and...
1) All miners are taken off the network at the next difficulty re-target.
2) In the following two weeks difficulty is re-targeted to zero.
3) All miners then come online and exploit the difficulty.
4) Nobody attempts a 51% attack during the process.
...would the following be possible?
The introduction of 280 PH/s into a low difficulty network allows for greater than 4032 blocks to be mined at the end of two weeks following the re-target (the estimate of how many blocks would be found in 4 weeks had nothing changed is 4032 unless I've mistaken something). The entire process is repeated until all blocks are mined.
I would think that it would be possible since the network can only miss out on 100% of the 2016 blocks that would be mined in 2 weeks with nobody on the network, but the network can mine much greater than 100% of 2016 blocks for 2 weeks with a hash rate many orders of magnitude greater than the difficulty.
In the highly unlikely scenario all miners cooperated and...
1) All miners are taken off the network at the next difficulty re-target.
2) In the following two weeks difficulty is re-targeted to zero.
3) All miners then come online and exploit the difficulty.
4) Nobody attempts a 51% attack during the process.
...would the following be possible?
The introduction of 280 PH/s into a low difficulty network allows for greater than 4032 blocks to be mined at the end of two weeks following the re-target (the estimate of how many blocks would be found in 4 weeks had nothing changed is 4032 unless I've mistaken something). The entire process is repeated until all blocks are mined.
I would think that it would be possible since the network can only miss out on 100% of the 2016 blocks that would be mined in 2 weeks with nobody on the network, but the network can mine much greater than 100% of 2016 blocks for 2 weeks with a hash rate many orders of magnitude greater than the difficulty.
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