3 ms·
The "diffuculty" of solving the hash is automatically adjusted by the network so that, on average, 6 blocks are discovered every hour. edited for clarity.
by discountgenius 14y ago
The "diffuculty" of solving the hash is automatically adjusted by the network so that, on average, 6 blocks are discovered every hour.
edited for clarity.
- omni 14y agoThanks for the clarification, I thought the hash difficulty was updated much less frequently. The word "random" is still very misleading, as your chances would still be determined by your mining power.
- donpdonp 14y agoMy answer was slightly misleading, while blocks are won about every ten minutes, the difficulty is adjusted every 2016 blocks (2016 * 10 minutes = 14 days). https://en.bitcoin.it/wiki/Difficulty https://en.bitcoin.it/wiki/Difficulty
- sp332 14y agoThe word "random" is still very misleading, as your chances would still be determined by your mining power. The winning hash is random with uniform probability. So the more hashes you have, the more likely it is that you have the winning hash.