Re: 10 000 000 GH/s and rising

Quote from: Deafboy on December 27, 2013, 02:02:23 PM

Quote

miners couldn't keep up with the blockchain difficulty

Such thing cannot happen. Difficulty depend on hash power. If hash power decrease, difficulty will decrease as well.

So when difficulty decreases, block rewards increase again? And miners are the ones handling the transactions in the bitcoin network, right? So when hash power decreases, transactions takes longer to get confirmed?

Quote from: Gabi on December 27, 2013, 02:15:41 PM

Quote from: akujin on December 27, 2013, 01:59:35 PM

I was wondering what would happen if miners couldn't keep up with the blockchain difficulty.. Does that mean transactions will take longer to get confirmed? Grin

Please learn what difficulty is before wondering about inexistent things https://en.bitcoin.it/wiki/Difficulty

Please learn that not all people could understand what's written on that page.