Difference between revisions of "Community Announcements"

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(Created page with "See: Main_Page __TOC__ Common community announcements == Bitcoin TestNet Difficulty Bomb == TODO")
 
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== Bitcoin TestNet Difficulty Bomb ==
 
== Bitcoin TestNet Difficulty Bomb ==
  
TODO
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Due to a bug in Bitcoin testnet's difficulty adjustment algorithm, blocks are coming at an incredibly rapid (>100x expected) rate currently. These extreme conditions may make PoP mining difficult. Bitcoin testnet will self-heal automatically, at which point PoP mining will return to normal. You can see the current state of Bitcoin testnet block times here: https://www.blocktrail.com/tBTC. This condition will not be an issue when VeriBlock uses Bitcoin mainnet in the future.
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Q: Should I continue to PoP mine?
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A: You can continue to PoP mine, but be aware that some PoP transactions may not succeed or earn a payout due to the incredibly fast tBTC blocktime. PoP payouts are related to "timeliness" of inclusion in the tBTC blockchain based on the height your PoP transaction was included in, and until tBTC self-heals from the bug, it's likely that PoP transactions from different users will be spread out over many tBTC blocks.
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Q: Why won't this happen in BTC mainnet?
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A: Unlike BTC testnet, BTC mainnet does not have this bug.

Revision as of 21:42, 3 August 2018

See: Main_Page

Common community announcements

Bitcoin TestNet Difficulty Bomb

Due to a bug in Bitcoin testnet's difficulty adjustment algorithm, blocks are coming at an incredibly rapid (>100x expected) rate currently. These extreme conditions may make PoP mining difficult. Bitcoin testnet will self-heal automatically, at which point PoP mining will return to normal. You can see the current state of Bitcoin testnet block times here: https://www.blocktrail.com/tBTC. This condition will not be an issue when VeriBlock uses Bitcoin mainnet in the future.

Q: Should I continue to PoP mine?

A: You can continue to PoP mine, but be aware that some PoP transactions may not succeed or earn a payout due to the incredibly fast tBTC blocktime. PoP payouts are related to "timeliness" of inclusion in the tBTC blockchain based on the height your PoP transaction was included in, and until tBTC self-heals from the bug, it's likely that PoP transactions from different users will be spread out over many tBTC blocks.

Q: Why won't this happen in BTC mainnet?

A: Unlike BTC testnet, BTC mainnet does not have this bug.