10% BTC difficulty growth???? - page 2.

Minerjoe

sr. member

Activity: 406

Merit: 250

Quote from: QuestionAuthority on March 27, 2015, 08:11:08 AM

Does anyone realize chinese farms/pools + unknown control 70% of the current hash rate? You're crazy if your still mining as an individual in the English speaking world (I'm assuming you all not chinese because you're here). Who cares what the difficulty is? None of you are ever going to make anything more than pocket change by mining from this point forward.

BW.com https://www.bw.com 13%

F2Pool https://www.f2pool.com 15%

Antpool https://www.bitmaintech.com/about.htm 17%

BTCChina https://www.btcchina.com/#/ 6%

Unknown 20%

I generally agree. Private and home mining s been dead for a long time.
The key s increased acceptance. All these farms and mining efforts generate about 3500 BTC per day, regardless of the difficulty. The key s to find a way to absorb these 3500 BTC per day and the economy will grow.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: Snail2 on March 27, 2015, 05:40:41 AM

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

Agree, anyways good that people follow this, for security reasons

amaclin

legendary

Activity: 1260

Merit: 1019

Quote from: Minerjoe on March 27, 2015, 04:49:11 AM

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

It is easy to hide your power for a while.
Just connect your hardware to several pools and perform "block withholding attack"
This technique gives you money without increasing total network hashrate.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Does anyone realize chinese farms/pools + unknown control 70% of the current hash rate? You're crazy if you're still mining as an individual in the English speaking world (I'm assuming you're all not chinese because you're here). Who cares what the difficulty is? None of you are ever going to make anything more than pocket change by mining from this point forward.

BW.com https://www.bw.com 13%

F2Pool https://www.f2pool.com 15%

Antpool https://www.bitmaintech.com/about.htm 17%

BTCChina https://www.btcchina.com/#/ 6%

Unknown 20%

CodingCentre

newbie

Activity: 5

Merit: 0

Quote from: Minerjoe on March 27, 2015, 04:49:11 AM

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

there will always be big jumps because of the ever evolving tech which is being devloped

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Minerjoe on March 27, 2015, 07:33:47 AM

Quote from: Amph on March 27, 2015, 06:54:40 AM

could be rised because of when btc was at 270, and now it's falling again, remember that the diff don't rise istantly, it need time

So what u re saying it ll go down again in the future since BTC went down? I highly doubt that. As long as there is any kind of profit margin, they ll keep mining.

I m not surprised about diff going up. I am surprised due to the size of it. If it continues this way, we ll see 15% or more diff growth. To add 15% hash to the network is a HUGE investment.

i''m just saying that the diff changing, don't generally reflect the current price, could be because of old price change

Minerjoe

sr. member

Activity: 406

Merit: 250

Quote from: Amph on March 27, 2015, 06:54:40 AM

could be rised because of when btc was at 270, and now it's falling again, remember that the diff don't rise istantly, it need time

So what u re saying it ll go down again in the future since BTC went down? I highly doubt that. As long as there is any kind of profit margin, they ll keep mining.

I m not surprised about diff going up. I am surprised due to the size of it. If it continues this way, we ll see 15% or more diff growth. To add 15% hash to the network is a HUGE investment.

Amph

legendary

Activity: 3248

Merit: 1070

could be rised because of when btc was at 270, and now it's falling again, remember that the diff don't rise istantly, it need time

Minerjoe

sr. member

Activity: 406

Merit: 250

Quote from: Searing on March 27, 2015, 06:17:34 AM

Quote from: Minerjoe on March 27, 2015, 04:49:11 AM

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

Well KNC 'said' it has taped out their next generation of asic 16nm chips (private use by them and IPO only) for use in their data hall(s) ..MAY be coming up to speed now with equipment

that was Feb 3rd 2015 (hey it is a long shot ...but still ...)

http://www.kncminer.com/blog/newsarchive

KNC has stated they want to control 40% of all the bitcoin mined by sometime in 2016 or so....and of course will continue to mine directly converting BTC

to USD each day as they do so

so if the jump in difficulty is NOT due to them..well....you can pucker up on the prospect that in a few weeks (assuming they are on their time line big if)
another big hit will be forthcoming....

but on reflection looking at the above it looks maybe too soon for them ..(they are always late) so that means some other elephant is at the dance

what do they say ...when elephants decide they want to poka ...it may be time to clear off the dance floor?

I agree on this one, 100%. There must be something else worth of out attention.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Minerjoe on March 27, 2015, 04:49:11 AM

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

Well KNC 'said' it has taped out their next generation of asic 16nm chips (private use by them and IPO only) for use in their data hall(s) ..MAY be coming up to speed now with equipment

that was Feb 3rd 2015 (hey it is a long shot ...but still ...)

http://www.kncminer.com/blog/newsarchive

KNC has stated they want to control 40% of all the bitcoin mined by sometime in 2016 or so....and of course will continue to mine directly converting BTC

to USD each day as they do so

so if the jump in difficulty is NOT due to them..well....you can pucker up on the prospect that in a few weeks (assuming they are on their time line big if)
another big hit will be forthcoming....

but on reflection looking at the above it looks maybe too soon for them ..(they are always late) so that means some other elephant is at the dance

what do they say ...when elephants decide they want to poka ...it may be time to clear off the dance floor?

bri912678

sr. member

Activity: 348

Merit: 250

Quote from: Lauda on March 27, 2015, 05:56:37 AM

Quote from: Minerjoe on March 27, 2015, 05:50:25 AM

Quote from: Snail2 on March 27, 2015, 05:40:41 AM

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

The only credible explanation IMO is that is something new, some new chip being deployed. Maybe s6 testing.

No that's not a credible explanation at all. Have you ever thought about possible issues with a big mining farm? Power outages, DDOS and whatnot?

There is a big farm that people invest in. The investors money is used to buy more mining equipment which mines bitcoins to pay the investors back with. They could have recently expanded after taking a massive delivery of equipment they had been waiting for.

Minerjoe

sr. member

Activity: 406

Merit: 250

Quote from: Lauda on March 27, 2015, 05:56:37 AM

Quote from: Minerjoe on March 27, 2015, 05:50:25 AM

Quote from: Snail2 on March 27, 2015, 05:40:41 AM

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

The only credible explanation IMO is that is something new, some new chip being deployed. Maybe s6 testing.

No that's not a credible explanation at all. Have you ever thought about possible issues with a big mining farm? Power outages, DDOS and whatnot?

Show me a farm which contributes 10% to BTC network. Almost 11% now.

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: Minerjoe on March 27, 2015, 05:50:25 AM

Quote from: Snail2 on March 27, 2015, 05:40:41 AM

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

The only credible explanation IMO is that is something new, some new chip being deployed. Maybe s6 testing.

No that's not a credible explanation at all. Have you ever thought about possible issues with a big mining farm? Power outages, DDOS and whatnot?

Minerjoe

sr. member

Activity: 406

Merit: 250

Quote from: Snail2 on March 27, 2015, 05:40:41 AM

Quote from: Minerjoe on March 27, 2015, 05:11:39 AM

So where was it then in the meantime? Mining some other more profitable Sha-256 coin?

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

The only credible explanation IMO is that is something new, some new chip being deployed. Maybe s6 testing.

Snail2

legendary

Activity: 1512

Merit: 1000

Quote from: Minerjoe on March 27, 2015, 05:11:39 AM

So where was it then in the meantime? Mining some other more profitable Sha-256 coin?

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

Minerjoe

sr. member

Activity: 406

Merit: 250

Quote from: Lauda on March 27, 2015, 05:04:25 AM

Quote from: Minerjoe on March 27, 2015, 04:49:11 AM

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

https://i.imgur.com/lC3BJb4.png

You've been looking at this the wrong way. The hashrate was there, it wasn't just deployed all the time. Look at the spike two weeks back.

So where was it then in the meantime? Mining some other more profitable Sha-256 coin?

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: Minerjoe on March 27, 2015, 04:49:11 AM

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

https://i.imgur.com/lC3BJb4.png

You've been looking at this the wrong way. The hashrate was there, it wasn't just deployed all the time. Look at the spike two weeks back.

Minerjoe

sr. member

Activity: 406

Merit: 250

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

Topic: 10% BTC difficulty growth???? - page 2. (Read 2984 times)