#bitcoin-wizards on 2019-06-15 — irc logs at freenode.irclog.whitequark.org

2015-10-30 00:53 sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja

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10:21 <Jmabsd> curious, the Bitcoin network difficulty adjustments, how do they use wall clock time as an input? The point is to guarantee 10 minute average blocks right. Is difficulty adjustment a job that *miners* do biweekly, by counting the number of blocks last two weeks together with total difficulty, and this way calculating an updated difficulty for next two weeks.

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10:22 <Jmabsd> https://en.bitcoin.it/wiki/Difficulty#What_is_the_formula_for_difficulty.3F ..hm..

10:24 <Jmabsd> that page does not say.

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10:29 <adlai> Jmabsd: 2. every node calculates this using the timestamps in each block header, and miners know that they must produce timestamps accurate enough that their blocks are considered valid by verifiers (including other miners); however, 1. this is for #bitcoin

10:29 <Jmabsd> adlai: ok moving to #bitcoin

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