4 ms·
> colossal combined computing power It's colossal because of the sliding difficulty. The block period is a big portion of why the transaction rate is what it
by wyldfire 9y ago
> colossal combined computing power
It's colossal because of the sliding difficulty. The block period is a big portion of why the transaction rate is what it is.
- sp332 9y agoThat's right, the reward for mining a block doesn't change just because you put more effort into it, and the difficulty adjusts to keep the rate approximately the same over time. The only reason it takes so much power to mine is there are so many people competing for the same limited prize.