Quote from: bitcoin.me on July 01, 2012, 12:53:18 AM

Quote from: The LT on July 01, 2012, 12:45:34 AM

Quote from: sadpandatech on June 16, 2012, 04:04:09 PM

Quote from: Paladin69 on June 16, 2012, 04:01:59 PM

Yeah...talk about disruptive technology...lol Most of the 21 million bitcoins would be mined in no time compared to the original estimates...

the difficulty changes every 2 weeks. So unless we could online this massive amount of hash power in that timeline, difficulty will quickly increase to keep the block generation as close to 144 per day as possible.

Wrong. Difficulty changes in blocks, not in weeks.

This is correct. Bitcoin has no concept of time and can only change based on how many blocks are produced. We could have some very quick adjustments when ASIC comes out so there are the same number of blocks produced no matter how many terahash gets thrown at mining.

The only limit is the factor by which the difficulty can increase at one time. 4x?(citation needed)