3 ms·
That's true in the general case, but it only happens after a difficulty drop. Until then, miners dropping out will raise the block time (again, just a tiny bit)
by speakeron 9y ago
That's true in the general case, but it only happens after a difficulty drop. Until then, miners dropping out will raise the block time (again, just a tiny bit). For cryptocoins with more dynamic difficulty adjustment, this process happens a lot more quickly.
- philliphaydon 9y agoThis worries me about BTC, because it may get to the point where for the drop in difficulty takes too long that it will no longer be profitable, in this case crypto currencies where the reward is higher and the increase in reward vs difficult increases makes it more profitable means more miners will ditch BTC and go to those... That means transaction verification times just keep raising and then BTC eventually becomes useless. That's my understanding anyway...