Quote from: drrussellshane on October 08, 2014, 02:17:04 PM

Quote from: leex1528 on October 08, 2014, 02:02:20 PM

Quote from: drrussellshane on October 08, 2014, 01:59:16 PM

Nope. That's not how it works.

Now I am not quite understanding what you mean by that's not how it works?

I asked: Is it becoming to difficult to get that amount of blocks in that amount of time?

I am under the impression that the difficulty makes it harder to find a block, which would increase the time that it takes to discover 1 block, or say, 2016 blocks, are you telling me that is not how it works?

It is set up such that a block will be found approximately every ten minutes.

If there were only two miners with equal capability, they would each find a block about every twenty minutes.

The higher the difficulty level, the harder it is for any one miner to find a block.

The difficulty level is calculated by taking into account the entire network hashpower, such that the entire network will find a block about every ten minutes.

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I am under the impression that the difficulty makes it harder to find a block, which would increase the time that it takes to discover 1 block, or say, 2016 blocks, are you telling me that is not how it works?

It does make it harder for a miner to find a block, but the whole network finds a block about every ten minutes.... that's the "constant".

Gotcha, so that is why roughly a 2016 blocks are found roughly every 12 days, and that is why the difficulty % changes from time to time. So then is it rather odd that the change hasn't happened yet, and since it hasn't happened can we expect a small % change in difficulty?