Re: Proof-of-work difficulty increasing

Yeah, I’ve noticed the “10 second blocks” are gone, replaced with 419 and 741 second block generation with no more in the last 20 minutes. That should keep those server farms on hold for a while  😉

Now, correct me if I’m wrong, but now that block generation is taking a lot longer, doesn’t that mean that the lucky person who got the block is going to take a lot longer to be verified by the network that he/she was the winner before they could ever spend it?

Yes, about 20 hours.  (120 conf / 6 blocks per hour = 20 hours)  That’s the normal length of time before you can spend it.  You know long before that that you won one.

37,905 total views, 10 views today

https://bitcointalk.org/index.php?topic=43.msg3537#msg3537