--- Log opened Wed Jun 14 00:00:21 2017 00:20 -!- rmwb [~rmwb@2001:df0:ce:1601:1112:fee4:5ea7:bb7f] has quit [Remote host closed the connection] 00:25 -!- frenchie [7da7b179@gateway/web/cgi-irc/kiwiirc.com/ip.125.167.177.121] has joined #bitcoin-wizards 00:40 -!- Ylbam [uid99779@gateway/web/irccloud.com/x-mjtygqfzjpoahksa] has joined #bitcoin-wizards 01:08 -!- BashCo [~BashCo@unaffiliated/bashco] has quit [Ping timeout: 260 seconds] 01:20 -!- rmwb [~rmwb@2001:df0:ce:1601:1112:fee4:5ea7:bb7f] has joined #bitcoin-wizards 01:25 -!- rmwb [~rmwb@2001:df0:ce:1601:1112:fee4:5ea7:bb7f] has quit [Ping timeout: 255 seconds] 01:28 -!- jannes [~jannes@095-097-246-234.static.chello.nl] has joined #bitcoin-wizards 01:36 -!- BashCo [~BashCo@unaffiliated/bashco] has joined #bitcoin-wizards 01:38 -!- dnaleor [~dnaleor@78-23-74-78.access.telenet.be] has quit [Ping timeout: 260 seconds] 01:51 -!- dnaleor [~dnaleor@78-23-74-78.access.telenet.be] has joined #bitcoin-wizards 02:37 -!- UnrealLife [~UnrealLif@2001:16a2:70b:3600:586b:cbb1:5855:86e6] has joined #bitcoin-wizards 02:41 -!- binaryFate_ is now known as binaryFate 02:51 -!- bedeho [~bedeho@cm-84.214.5.24.getinternet.no] has joined #bitcoin-wizards 03:01 -!- rmwb [~rmwb@2001:df0:ce:1601:1112:fee4:5ea7:bb7f] has joined #bitcoin-wizards 03:20 < JackH> The difficulty is adjusted every 2016 blocks based on the time it took to find the previous 2016 blocks. At the desired rate of one block each 10 minutes, 2016 blocks would take exactly two weeks to find. If the previous 2016 blocks took more than two weeks to find, the difficulty is reduced. If they took less than two weeks, the difficulty is increased. The change in difficulty is in proportion to the amount of time over or 03:20 < JackH> under two weeks the previous 2016 blocks took to find. 03:21 < JackH> This doesnt really describe when difficulty is calculated. I am at loss here, anyone knows? 03:24 < JackH> I understand the difficulty is set every 2016th block, but at which time frame or between which time frame does it get calculated? 03:25 -!- rmwb [~rmwb@2001:df0:ce:1601:1112:fee4:5ea7:bb7f] has quit [Ping timeout: 258 seconds] 03:41 < waxwing> JackH: this seems firmly in #bitcoin territory, no? 04:03 -!- UnrealLife [~UnrealLif@2001:16a2:70b:3600:586b:cbb1:5855:86e6] has quit [Ping timeout: 255 seconds] 04:11 -!- Dyaheon [~Dya@a91-156-192-39.elisa-laajakaista.fi] has quit [Ping timeout: 258 seconds] 04:11 -!- Dyaheon [~Dya@a91-156-192-39.elisa-laajakaista.fi] has joined #bitcoin-wizards 04:12 < JackH> well I wanted to explore what happens exactly in terms of hashrate and how it results in difficulty calculation - no not a political issue, pure technical interest 04:17 < waxwing> yeah not trying to be mod police, just if it's about bitcoin *today* it's there rather than here, as i understand. 04:23 -!- rmwb [~rmwb@2001:df0:ce:1601:1112:fee4:5ea7:bb7f] has joined #bitcoin-wizards 04:41 -!- d9b4bef9 [~d9b4bef9@207.38.86.239] has quit [Remote host closed the connection] 04:44 -!- d9b4bef9 [~d9b4bef9@207.38.86.239] has joined #bitcoin-wizards 04:54 -!- Chris_Stewart_5 [~chris@unaffiliated/chris-stewart-5/x-3612383] has joined #bitcoin-wizards 04:56 -!- rmwb [~rmwb@2001:df0:ce:1601:1112:fee4:5ea7:bb7f] has quit [Ping timeout: 255 seconds] 04:59 -!- beatrootfarmer [~Beatrootg@2a02:c7d:12e:100:d5de:fff6:8540:feb7] has joined #bitcoin-wizards 05:03 -!- goatturneer [~Beatrootg@2a02:c7d:12e:100:1803:c2b6:36b5:e7e8] has quit [Ping timeout: 240 seconds] 05:11 -!- dabura667 [~dabura667@p98110-ipngnfx01marunouchi.tokyo.ocn.ne.jp] has quit [Remote host closed the connection] 05:12 -!- pro [~pro@unaffiliated/pro] has joined #bitcoin-wizards 05:24 -!- BashCo [~BashCo@unaffiliated/bashco] has quit [Ping timeout: 268 seconds] 05:27 -!- BashCo [~BashCo@unaffiliated/bashco] has joined #bitcoin-wizards 05:27 -!- bildramer [~bildramer@p200300ED83CC7F00B89FB8F2FE5FD41A.dip0.t-ipconnect.de] has joined #bitcoin-wizards 05:27 < JackH> yep, I agree about "the bitcoin today" issues are not for here. I actually just wonder about PoW and difficulty itself and how those are calculated 05:29 -!- UnrealLife [~UnrealLif@93.169.226.137] has joined #bitcoin-wizards 05:33 -!- PRab [~chatzilla@c-68-56-234-28.hsd1.mi.comcast.net] has quit [Ping timeout: 260 seconds] 05:33 < mryandao> JackH: #bitcoin is a more appropriate channel to ask these type of questions. 05:33 -!- frenchie [7da7b179@gateway/web/cgi-irc/kiwiirc.com/ip.125.167.177.121] has quit [Quit: http://www.kiwiirc.com/ - A hand crafted IRC client] 05:47 -!- Noldorin [~noldorin@unaffiliated/noldorin] has quit [Ping timeout: 255 seconds] 05:51 -!- BashCo [~BashCo@unaffiliated/bashco] has quit [Ping timeout: 240 seconds] 05:53 -!- BashCo [~BashCo@unaffiliated/bashco] has joined #bitcoin-wizards 05:54 -!- rmwb [~rmwb@129.180.75.159] has joined #bitcoin-wizards 06:07 -!- BashCo [~BashCo@unaffiliated/bashco] has quit [Ping timeout: 240 seconds] 06:09 -!- BashCo [~BashCo@unaffiliated/bashco] has joined #bitcoin-wizards 06:24 -!- pro 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