Did block generation crawl to a halt?

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The difficulty gets reevaluated and adjusted every 2016 blocks.

I created a realtime graph of the current block generation speed here;

http://titania.smutfairy.com/~rm/time.gif

MacRohard: 😎 graph. It would be nice if it should time on the x axis and number of blocks on the y

Nice graph!  A moving average to smooth it out would be nice.

http://nullvoid.org/bitcoin/statistix.php says 212 blocks in the last 24 hours, or 8.8 per hour.

Satoshi, why does difficulty adjust so rarely? It would seem to me that it would be better to adjust once every 50 blocks or so.

@satoshi, I’ve change it to plot the last 127 blocks and also it gives you the average of those 127.

Thanks for the statistics.

Transactions in block 68477 took under 3 minutes to get confirmed but transactions in block 68780 took over two hours!

The fact that a merchant can’t tell a customer accurately how long they have to wait to get their goods will be a major barrier to adoption of the current scheme.

I think this is the most persuasive reason for changing to a fixed block generation scheme as outlined in

http://bitcointalk.org/index.php?topic=425.0

ByteCoin