4 ms·
Not quite. The difficulty is set to average that a new block is found approximately every 10minutes. However, if lots of capacity is added all at once, the dif
by jeffasinger 13y ago
Not quite.
The difficulty is set to average that a new block is found approximately every 10minutes. However, if lots of capacity is added all at once, the difficulty might not change for several days, and blocks will be generated at a faster rate during that time, as it is only updated every 2016 blocks.
https://en.bitcoin.it/wiki/Difficulty https://en.bitcoin.it/wiki/Difficulty
- cgi_man 13y agoSomewhat splitting hairs... it's adjusted to 10 minute blocks, and there's also a huge variability in how frequently they are discovered. Even if the average was 10 min, there are blocks found within the same minute, or with 30+ minute gaps.
- sp332 13y agoVariability wouldn't matter if the average over time was alright. But it's not just spitting hairs: BTC generation is significantly ahead of schedule. https://news.ycombinator.com/item?id=5780861 https://news.ycombinator.com/item?id=5780861