Re: 41 minutes for a new block, difficulty wayyy too hard
Foxpup said it best...
Regardless, I will join in the mortal fear that Bitcoin is doomed because investors seem to be pouring millions into new ASICs thus increasing difficulty. We are all doomed
It's a Poisson process, with a mean of 10 minutes. So...
What is the probability that the next block will be found within 10 minutes from now?
63.212%Or within 1 minute?
9.516%Or 10 seconds?
1.653%Or 1 second?
0.167%Regardless, I will join in the mortal fear that Bitcoin is doomed because investors seem to be pouring millions into new ASICs thus increasing difficulty. We are all doomed