Re: Proof-of-work difficulty increasing

Participants: Bitcoiner

Quote from: satoshi on July 16, 2010, 02:46:12 PM

The proof-of-work difficulty is currently 45.38. (see http://www.alloscomp.com/bitcoin/calculator.php)

It’s about to increase again in a few hours. It’s only been 3-4 days since the last increase, so I expect it will increase by the max of 4 times, or very nearly the max. That would put it at 181.54.

The target time between adjustments is 14 days, 14/3.5 days = 4.0 times increase.

Holy…

Satoshi, what happens if the rush dries up for a bit; some of the slashdotters or whoever get tired? Does the difficulty ever go back down?