Ninjastic
Home
Search
Users
Boards
Addresses
Ctrl + K
Toggle theme
Open menu
Post
Edited versions
Quotes to this post
Post
5734629
Topic
517126
Board
Mining
Re: Block solving 1-3 hours at times. Not enough miners?!?
by
marc000
on
16/03/2014, 21:13:55 UTC
Quote from: iglasses on March 15, 2014, 10:13:11 PM
Hashrate(?): 33,455,935 GH/s
Block Generation Time(?):
1 block: 9.3 minutes
3 blocks: 27.9 minutes
6 blocks: 55.9 minutes
Current average. Blocks do not take hours to solve anymore....there's too much power being thrown.
There is a ~0.15 % chance that a block will take longer than one hour.
Proof: Taking the total hash rate you provided above and the
probability to find a block with just one hash
, gives a probability of approximately 0.18 % to find a block in one second.
http://i.imgur.com/3K7jjlp.png
http://i.imgur.com/pT38wqA.png
Consequently the probability to find a block in the n-th second is:
http://i.imgur.com/3eDl8Hc.gif
(Side-Note: Given the above formula, one can expect a block every 551 seconds:)
http://i.imgur.com/2gepSo0.gif
The said probability that a block will take longer than one hour (3600 seconds) is:
http://i.imgur.com/gjYfi0H.gif