Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jbreher
on 03/10/2019, 17:41:14 UTC
Right, in about two weeks (how long is the average difficulty change interval?) they could break havoc.
IF they manage to pull it off while coins are still being mined

No. Difficulty reset period is 2016 blocks. Which works out to two weeks when the average block interval is exactly 10 minutes.

If some New Technology bursts on the scene that can mine faster then the existing network, those 2016 blocks will be mined much faster than two weeks, at which point the new difficulty will be reset to take this new hash power into account, resetting back to ten-minute block intervals.

That assumes that such New Technology would be applied to Bitcoin mining in a step function -- machines at scale, as opposed to ramping up warehouses of machines one warehouse at a time.

However, quantum computing is not that New Technology to begin with.



So... Quantum computer FUD has now entered WO thread? Roll Eyes

again.

::le sigh::