Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMÁ<div class="post">I think there is a limit to the amount that the difficulty can increase at each step.<br/><br/>The more the bitcoin network grows, the less likely it is to have large spikes in difficulty. The likelihood of a jump of that magnitude from a single entity is very unlikely. If that kind of jump does occur, it will more likely be from a large interested demographic discovering Bitcoin all at once, such as if it was featured in a major magazine. Bitcoin will cope with such increases and subsequent decreases just fine.<br/><br/>In the very unlikely event of blocks taking hours or days to be completed, the transaction fee feature would quickly be added back to the program and people would start including a ฿0.01 transaction fee with each transaction they sent. The mega-minter would have a modified client which would monitor how many bitcoins in transaction fees were available and once it was enough to be profitable, they would turn on their mega-hash-cruncher and you'd get your block within ten minutes on average.<br/><br/>It doesn't much matter whether minting is profitable or not. In not too many years, total transaction fees per block will be higher than new bitcoins per block.</div> text/html