How Does a Sudden, Massive Increase in Hash Rate Affect the Immediate Block Discovery Time?
A sudden, massive increase in hash rate will immediately decrease the time it takes to discover a new block, making the block interval shorter than the target (e.g. less than 10 minutes). This is because the difficulty has not yet adjusted to the new, higher hash rate.
The difficulty will only adjust two weeks later to compensate.
Glossar
Temporary Revenue Drop
Fluctuation ⎊ A temporary revenue drop, particularly within cryptocurrency derivatives and options trading, represents a transient decline in income streams attributable to short-term market dynamics or specific event-driven volatility.
Hash Rate
Power ⎊ Hash rate quantifies the total computational power dedicated to solving the cryptographic puzzle in a Proof-of-Work network.
Block Discovery
Discovery ⎊ The concept of Block Discovery, within the context of cryptocurrency, options trading, and financial derivatives, fundamentally refers to the identification of large, previously concealed positions or transactions.
Hash Rate Increase
Momentum ⎊ A hash rate increase within a cryptocurrency network signifies escalating computational power dedicated to validating transactions and securing the blockchain.
Increase in Hash Rate
Hash ⎊ The computational exertion underpinning cryptocurrency networks, specifically proof-of-work systems, directly correlates with the security and transaction processing capacity of the blockchain.