3 ms·
Miners don't compete directly to "win" blocks. If everyone except a single miner stopped mining right now, that last miner would mine 100% of the blocks. Howeve
by shawabawa3 9y ago
Miners don't compete directly to "win" blocks. If everyone except a single miner stopped mining right now, that last miner would mine 100% of the blocks. However, they'd still make exactly the same amount of bitcoins as if everyone else was still mining - until the next difficulty adjustment
- udfalkso 9y agoI see. Thanks
- udfalkso 9y agoIs there a good reason for the difficulty adjustment period being 2016 blocks? What would be the consequences of reducing this number?
- shawabawa3 9y agoI'm not sure what the reasoning is, but to be honest I don't think it's a good system. Block time averages have been about 9m30 since bitcoin's inception, so it's clearly not good enough to properly target 10min/block When bitcoin cash forked they changed the period to 144 blocks (along with some other changes i believe?), so they have a much smoother difficulty graph.