Post
Topic
Board Speculation
Re: Effect of halving on mining network difficulty and transaction speeds
by
jackg
on 09/07/2016, 16:40:42 UTC
Thanks Lauda, I'll change that con confirmation speed.
The correct wording (IMO): transaction speed (near instant) & confirmation speed (10 minutes on average).

So the confirmation speed may decrease if people do turn miners off and others do not tun miners on to make it more profitable?
If a decent amount of hashpower gets shut down, then it is likely that the average block timing will increase (until a difficulty adjustment).

I also meant that the confirmation speeds will become more stable, though there will still be multiple miners still in business (such as Hashnest, who have around 20-30PHs of S7 miners)
There is no 'stable', they are always stable. You can't say the network is unstable because you've included a fee that was lower than the recommended at time. The miners determine whether your TX will get included in a block (mostly based on the fees included).


I meant that it would nt be stable based on the time to confirm each block fluctuating in the network!
But, I don't set my own transaction fees as I use coinbase who set their own. They are always confirmed wihin a maximum of 15 minutes expected perameter for confirmations to bedone on my transactions!