Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela

Quote from: raymetz100 on December 18, 2018, 04:33:53 AM

There is a 12hr gap between blocks 4990 and 4991 https://explorador.petro.gob.ve/block/5704fcc043a037ca0a3101f43f6647facc8c1693e12cfa6d0d5edc3ebf883570

Last 7 day period summary:

First block on the 9th, #4023: https://explorador.petro.gob.ve/block/44ccb4cb83e085c61ebf31093961f05f4b1248cf69db36f41b2388726f24f2b7
Last block on the 15th, #4982: https://explorador.petro.gob.ve/block/2fe727509913d6c8ddbf560a5830dfef3ac56821bf6044874b5665443cf9e96a

960 blocks per week or 5 blocks per hour. The block time is varying between 1 minute and 12 hours, with an average of 20 minutes.

This is interesting... Block times are really wonky and the difficulty is really, really low, meaning that theoretically anybody who had the client could mine it. You could mine it from a laptop. However, the client is unavailable so its kind of an impossibility for the moment. Cryptocurrencies just weren't designed to be backed by a central authority.