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matevz 7 months ago
You can't make mining 15% easier. You can only remove one difficulty bit making mining 50% easier. This means you will have a newly proposed block in ~5 minutes and then exponential big number of proposed blocks after 10 minutes based on the number of mining pools. How do you distribute the rewards then? You could go with 50% of the block reward goes to the original difficulty block proposer 25% goes to the -1 bit difficulty proposers, 12.5% to the -2 difficulty proposers and then limit this number to whichever number of recepients we are willing to store in the block.

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matevz's avatar
matevz 7 months ago
there is one catch though. How do you propose a block hash, if you don't know who the block reward recipients will be?
If that is the case how does the difficulty adjust up and/or down only a few percentage points every 2 weeks? Previous difficulty adjustment increased the difficulty by 4.38%, if this small of an adjustment is possible then why can't what I propose be done? It is my understanding that originally the difficulty could only be adjusted by powers of 2 as you describe, but that was altered somehow at some point to allow the fractional adjustments we see today.