Post
Topic
Board Announcements (Altcoins)
Re: BitcoinV - Bitcoin with Variable Block Rewards
by
BitcoinV
on 19/07/2019, 18:47:25 UTC
Also what will happen if, we've found like almost 18 coins in less than one hour.


But you said 6 blocks per hour.


And then now we change the multiplier, which is at only default x1, to x512.


As we had a lot of block in tiny amount of time, does it mean we 're not going to have block for like 3 hours ?


Because 18 = 6  x 3     -   18 blocks we already found ,   6 blocks per hour default  and 3 hours without block.


Does it make sense :O ?



Thank you

The difficulty level adjustment algorithm does not prevent a miner from mining blocks at a very fast rate, it only tries to adjust the difficulty over time to try and maintain 6 blocks per hour. It will never get an exact 6 blocks per hour.

The multiplier makes it harder to mine blocks. It you are mining at x1 and find B blocks per hour, you would expect to find B/2 blocks per hour if mining at x2 with the same difficulty level.

There is an incentive to mine for a multiplier of at least x32: (2^5). Take a look at the code and you see some extra mining power added to make it a little easier for you to mine
https://github.com/bitcoinVBR/bitcoinV/blob/master/src/variable_block_reward.cpp