4 ms·
Supply of what? The supply increase of coins is constant regardless of the hashrate. This is exactly why there was no effect on bitcoin price when the reward r
by trixie_ 6y ago
Supply of what? The supply increase of coins is constant regardless of the hashrate.
This is exactly why there was no effect on bitcoin price when the reward rate halved. The value of the coin drives mining behavior, not the other way around.
- TylerE 6y agoActually, it doesn't. The difficulty adjusts every 2016 blocks, in theory every ~2 weeks, but if a large percentage of the hash power suddenly disappeared it could be much longer.
- jimmydorry 6y agoFor a temporary period of time, before it self-corrects back to ~2weeks. It's easy to leave this part out as it is an edge case that doesn't need the extra sentences qualifying the "normal case" that will be observed 99.99% of the time.