bitcoin on Nostr: The halving is set to be every 210.000th block. On average the block time (time to ...
The halving is set to be every 210.000th block. On average the block time (time to create a new block) is 10 minutes. But as the total hash rate goes up and down, the block time can vary.
At the time i wrote this post, there had been 10 blocks the last hour. With that speed the halving date would come earlier.
Smart AF, satoshi fixed this with a difficulty adjustment.
So every 2016th block, the difficulty of creating a block adjusts based on the hashrate.
Published at
2023-03-07 11:18:56Event JSON
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"created_at": 1678187936,
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"content": "The halving is set to be every 210.000th block. On average the block time (time to create a new block) is 10 minutes. But as the total hash rate goes up and down, the block time can vary.\nAt the time i wrote this post, there had been 10 blocks the last hour. With that speed the halving date would come earlier.\n\nSmart AF, satoshi fixed this with a difficulty adjustment.\nSo every 2016th block, the difficulty of creating a block adjusts based on the hashrate.",
"sig": "6255287fe1d051563ef8fd18b5b04c565342ccbadb4981430bda47a4914cba211e0abf7d7ca261c07d2cf5ef07a7f6871f816e8fead141b5f5e9d0676117d35e"
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