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re: Bit coins... I want the general definition

Posted on 11/19/13 at 6:36 am to rocketc
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
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Posted on 11/19/13 at 6:36 am to rocketc
Difficulty goes up every 4 years I believe. It just went up last year significantly.
This post was edited on 11/19/13 at 6:37 am
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Posted by WikiTiger
Member since Sep 2007
41055 posts
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Posted on 11/19/13 at 8:21 am to RebelOP
quote:
Difficulty goes up every 4 years I believe. It just went up last year significantly.


difficulty adjusts every 2016 blocks, which is approximately every 2 weeks.

the inflation rate halves every 52500 blocks, which is approximately every 4 years
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