WHAT IS SO SCARY IS NEXT YEAR when 1 terahash will only produce 500,000 USD because of the block split to 25 coins.
Citation needed.
Topic: OMG 1 terahash = 1 million USD ahahahaha (Read 1674 times)
Citation needed.
Can you imagine if some mad scientist pointed his quantum computer at bitcoin, solved all the blocks in a split second at the beginning of a new difficulty re-target, then unplugged, leaving the difficulty at 10 billion.
Would take the network a year to solve the next 2016 blocks to re-target to normal again
Would take the network a year to solve the next 2016 blocks to re-target to normal again
Difficulty increase is limited to 4X.
Learn something new about bitcoin every day!
Can you provide a source btw?
"A single retarget never changes the target by more than a factor of 4 either way to prevent large changes in difficulty. "
Can you imagine if some mad scientist pointed his quantum computer at bitcoin, solved all the blocks in a split second at the beginning of a new difficulty re-target, then unplugged, leaving the difficulty at 10 billion.
Would take the network a year to solve the next 2016 blocks to re-target to normal again
Would take the network a year to solve the next 2016 blocks to re-target to normal again
Difficulty increase is limited to 4X.
Learn something new about bitcoin every day!
Can you provide a source btw?
WHAT IS SO SCARY IS NEXT YEAR when 1 terahash will only produce 500,000 USD because of the block split to 25 coins.
i think the difficulty will go down, because a lot of people will stop mining because of the cut. So its properly still more than 500,000 USD
WHAT IS SO SCARY IS NEXT YEAR when 1 terahash will only produce 500,000 USD because of the block split to 25 coins.
If the scientist were not so mad (or insane) and just solved blocks, but submitted them every 9 minutes (or faster than the average time, but not the next minute), he'd be mining blocks for a long time. And if he's not very greedy, he'd only get half of the block rewards per day.
He could hide in a mining pool, or just go solo.
He could hide in a mining pool, or just go solo.
Can you imagine if some mad scientist pointed his quantum computer at bitcoin, solved all the blocks in a split second at the beginning of a new difficulty re-target, then unplugged, leaving the difficulty at 10 billion.
Would take the network a year to solve the next 2016 blocks to re-target to normal again
Would take the network a year to solve the next 2016 blocks to re-target to normal again
Difficulty increase is limited to 4X.
Can you imagine if some mad scientist pointed his quantum computer at bitcoin, solved all the blocks in a split second at the beginning of a new difficulty re-target, then unplugged, leaving the difficulty at 10 billion.
Would take the network a year to solve the next 2016 blocks to re-target to normal again
Would take the network a year to solve the next 2016 blocks to re-target to normal again
WTF happened? Did the difficulty rating go up by alot?
1 terahash used to be worth alot more...
1 terahash used to be worth alot more...
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