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difficulty – Delay time for the second block of Bitcoin blockchain

Have I understood the concept of address, account and wallet correctly and how the wallet balance is calculated?


According to the data stored in the blockchain, the genesis block is mined at Jan 03, 2009. The second block is mined at Jan 09, 2009, 6:24:25 AM. Which is 6 days later. At first, it seems rational to me, because at that time, the only one who was running a node was Satoshi, and even if the difficulty was very low, mining by one machine was very time consuming. By this reasoning, I expected the mining of first 2016 blocks would take time at this magnitude (Because after the 2016 blocks the difficulty would be readjusted and set to a lower level, though I’m not sure it can be less than 1 or not). But next blocks are mined very faster.

The difficulty of network was the same for all these blocks. What is the reason for this variation? Was there a jump in the number of miners at that time?



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Written by BTC Artist

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blockchain - Which math supports increasing Bitcoin blocksize requiring a gigabit connection?

difficulty – Delay time for the second block of Bitcoin blockchain

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