Post
Topic
Board Speculation
Re: Effect of halving on mining network difficulty and transaction speeds
by
hermanhs09
on 11/07/2016, 18:00:17 UTC
Is it possible that the halving will reduce the confirmation speeds even more then peole say they are doing at the moment? (as a result of the cost of electricity and maintenance needed by mining hardware).
This will then lead to the mining network difficulty decreasing, allowing for it to become more profitable to mine again (meaning that the confirmation speeds can become more stable again and change back to the way they were before)?
I would say that the effect of halving is actually transaction speed deacrease.
Maybe im not right but i have been waiting today 5 hours for 1 confirmation so well... just do your job miners ;P