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Maybe they mean to say that the amount of new bitcoin mined will not fluctuate? It's true that the amount of new supply per day is roughly constant -- even if h
by dantillberg 9y ago
Maybe they mean to say that the amount of new bitcoin mined will not fluctuate? It's true that the amount of new supply per day is roughly constant -- even if half of the miners go offline, just as much new bitcoin is produced per day.
- MichaelGG 9y agoReally? I thought the difficulty took several days to adjust. Edit: The wiki says it takes 2160 blocks, about two weeks?
- sanswork 9y agoIt does. If half the miners went offline right after an adjustment half as much bitcoin would be mined everyday and the next adjustment would be a month away instead of 2 weeks. The number of available transactions for the month would drop by half as well.