Like to know how the next difficulty adjustment could be influenced upwards

sqid

member

Activity: 78

Merit: 10

Quote from: odolvlobo on November 27, 2017, 03:35:36 AM

Quote from: sqid on November 27, 2017, 01:17:21 AM

Can someone tell me how long it would take for the next new block if hash rate suddenly dropped by 50%

If the difficulty drops by 50%, then blocks will be produced twice as fast, assuming that total hash doesn't change. However, because the cost of mining a bitcoin has halved, miners may switch from BCH, increasing the total hash power, and blocks will be even faster.

Thanks for that. So now I know that the block rate is a linear correlation to the difficulty.

What about an immediate 10% drop in hash rate?

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: sqid on November 27, 2017, 01:17:21 AM

Can someone tell me how long it would take for the next new block if hash rate suddenly dropped by 50%

If the difficulty drops by 50%, then blocks will be produced twice as fast, assuming that total hash doesn't change. However, because the cost of mining a bitcoin has halved, miners may switch from BCH, increasing the total hash power, and blocks will be even faster.

Tone147

member

Activity: 221

Merit: 10

In the next difficulty, bitcoin will go up again, and every time it is difficult to adjust, there will be a small increase, seize the opportunity

sqid

member

Activity: 78

Merit: 10

Can someone tell me how long it would take for the next new block if hash rate suddenly dropped by 50%

sqid

member

Activity: 78

Merit: 10

You say the competition between BTC and BCH is never finished but at the end of the day they cannot survive together, so if BCH haven't given up yet they have something stronger coming than last time.

It might be that the whole game is not about trying to win but about creating the most amount of FUD - to which I am also succumbing

Glad to hear that 2% is not significant

sqid

member

Activity: 78

Merit: 10

What I'm saying is that BTC supporters should try to make the difficulty increase now so that is taken into account when the difficulty adjustment takes place in 14 hours.

In approximately 14 hours we will have relatively high difficulty compared to BCH (can't seem to find out what their difficulty will be) and a wanton abuse of mining power along with an enormous amount of money pumping and supporting BCH. All of this making BTC unusable and/or less attractive to mine.

I do wish I could have a serious discussion with a knowledgeable group - I'm not saying that group is not here but it's difficult to find. This forum must be the busiest on the net right now!

I also wish I knew how I was included in this decentralised consensus

Also I would like to see a fair debate on BTC vs BCH

Rolling Stones - 'Can't always get what you want'

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: sqid on November 23, 2017, 11:16:37 PM

At time of this thread. www.fork.lol suggests next difficulty adjustment in about 18 hours and expected to to be decreased about 2%

2% drop in difficulty is nothing really!

Quote

With a pump in BCH happening it's safe to assume that the assault on BTC is not finished.

it is never finished, it just changed form.

Quote

If they can combine their resources it is a possibility that the BTC transactions could be unconfirmed for an unlimited time. If difficulty is adjusted upwards in 18 hours then BTC would have a problem.

this doesn't make any sense!
you say that website is predicting difficulty to drop then you say "if it goes up"!

besides if difficulty drops, that means it becomes easier to mine bitcoin. more blocks are going to be found, more blocks mine more transactions, less transactions in the mempool, smaller backlog, and we will have lower fees.
not that it matters though, because it is being "adjusted" to match the hashrate that exists meaning there will be 1 block per 10 minute that is supposed to be mined. and as i said 2% is nothing.

sqid

member

Activity: 78

Merit: 10

I have been expecting the difficulty to go down in the during the next 18 hours in order for the adjustment to make it go up for the next phase.

I would suggest that all pools move over to BCH immediately to try to sway the difficulty adjustment for BTC to adjust down. There will be a big pump on BCH coming and despite what the profitability is saying now you will be doing your customers a great service.

There is a lot more mining hardware on the market right now, that has suddenly appeared on markets like alibaba. Think that there could be far more mining power out there than is anticipated.

Interesting video by 500bitcoins https://www.youtube.com/watch?v=ccqHh-Pv8Co

sqid

member

Activity: 78

Merit: 10

At time of this thread. www.fork.lol suggests next difficulty adjustment in about 18 hours and expected to to be decreased about 2%

With a pump in BCH happening it's safe to assume that the assault on BTC is not finished. If they can combine their resources it is a possibility that the BTC transactions could be unconfirmed for an unlimited time. If difficulty is adjusted upwards in 18 hours then BTC would have a problem.

Topic: Like to know how the next difficulty adjustment could be influenced upwards (Read 333 times)