Author

Topic: Transaction speed today very fast? (Read 705 times)

donator
Activity: 1218
Merit: 1079
Gerald Davis
June 28, 2013, 08:17:59 PM
#5
franky1 pretty much everytime you respond to any post, on any topic I am 99% sure that not only will your response be wrong it will be batshit crazy illogical ramblings and no this time was no exception.  

Quote
so now if all of those 44 ASICS pool mined instead of solo mining. they would collectively solve blocks alot faster then just 9 minutes

No.  No they wouldn't.  Total hashing power rose 10%, the time between blocks will fall ~10%, not "a lot faster".

In your "example" there were 2TH/s and then there were 2.2TH/s.  Hashing power rose 10% the time between blocks will be reduced on average by ~10%.  The number of actual miners is utterly irrelevant.  2TH/s is 2TH/s and 2.2TH/s is 10% more regardless of who or what is doing the hashing. It doesn't matter if it is a single 2TH/s miner, 20,000 GPU miners, all miners in one pool, or all miners solo mining.  The only thing that matters is the change in global network hashrate.

Do you have ANY (as in even the most basic high level concepts) understanding of how the Bitcoin protocol works?  If not then why why for the love of God why do you continually try to "educate" others with your ignorance?

Quote
"It is better to have people think you a fool, than to open your mouth and remove all doubt."
legendary
Activity: 4410
Merit: 4766
June 28, 2013, 06:45:27 PM
#4
Network is running about 10% higher than than target difficulty so average block time is ~9 minutes instead of 10.  Also remember time between blocks is variable so any speed increases beyond that are "luck" driven.

not necessarily.. heres a simplified example (using smaller numbers for easy understanding. so dont knit pick)

imagine 1000 GPU miners at 1Ghash each trying to solo mine (1Thash total)
imagine 20 ASIC miners at 50Ghash each solo mining. (1Thash total)

imagine it took 50ghash  to get a block.. every Asic miner wins the blocks. and the Gpu's because they are not fast enough probably would never get one unless they were earning small shares as part of the pool

.....

now imagine the all the GPU gave up and another 20ASICS joined in..

the total network is still technically running at 2Thash. so lets add on 4 more asics for a 10% rise.

so now if all of those 44 ASICS pool mined instead of solo mining. they would collectively solve blocks alot faster then just 9 minutes

donator
Activity: 1218
Merit: 1079
Gerald Davis
June 28, 2013, 06:21:50 PM
#3
Network is running about 10% higher than than target difficulty so average block time is ~9 minutes instead of 10.  Also remember time between blocks is variable so any speed increases beyond that are "luck" driven.
legendary
Activity: 4410
Merit: 4766
June 28, 2013, 06:13:06 PM
#2
more avalon asics been delivered and powered on. expect some nice speeds for a few days unto the next difficulty change occurs
legendary
Activity: 2772
Merit: 1028
Duelbits.com
June 28, 2013, 05:25:59 PM
#1
Hey guys, what's up with transactions speed today? Heard about it earlier today and just did one and it was done in 5-10 minutes.
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