[hashcash] Unpredictable mint time

  • From: David Schneider-Joseph <davidsj@xxxxxxxxx>
  • To: hashcash@xxxxxxxxxxxxx
  • Date: Thu, 22 Dec 2005 21:37:01 -0500

Statistically speaking, the time to mint an x-bit stamp is highly unpredictable. On average, you can mint an x-bit every 2^x/s seconds (where s = hashes/second), but the actual duration commonly ranges from barely any time at all, to 2-3 times the average mint time.

Minting *eight* stamps of postage x-3 would correspond to the same average amount of work, but, statistically speaking, would be *much* more consistent. Having to wait unpredictable times for stamps to be generated is annoying.

It's also only eight times the data transfer cost, so not a big deal.

Thoughts?

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