Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin Transaction Verification Ever Slow to a Standstill?
by
jellies
on 15/12/2013, 03:22:15 UTC
you got it back to front.

difficulty changes SUCH THAT the blocks are found at roughly 8 minute intervals.
Of course that is the average over many samples, so there can be several blocks in a row or nothing for 30 minutes, but difficulty steps up or down such that on average that is the output. At any time.

It is exponential now because people are adding exponential mining power.