Author

Topic: 10% hike in bitcoin difficulty is coming soon...BFL customers how do u feel? (Read 1703 times)

legendary
Activity: 4690
Merit: 1276

If BTC prices continue to rise, the BFL guys and their sloppy seconds may be OK after all.  Assuming BFL delivers anything that hashes at all that is.  This remains a big 'if' to this day in my book.

Of course if the BTC price continues to rise the pain of handing them over to BFL as pre-order funds, or not simply buying them for fiat (back soooo many months ago) becomes that much more painful as well.  But that's a sunk cost and water under the bridge now.

hero member
Activity: 675
Merit: 507
Freedom to choose
sr. member
Activity: 379
Merit: 250
Avalon really tells us: Time is money...
hero member
Activity: 533
Merit: 500
Don't mind it.  GPUs working in the meantime until ASICs get sorted out.
hero member
Activity: 991
Merit: 500
Even with a predicted difficulty of 6143596, my quad 7970's will get ~$10 a day rather than now's $12.70. I guess it's not too bad. Any other GPU miners actually not too upset about but BFL delay? I have 2 pre-orders for ASIC SC Singles, the delay has aloud me to make on average $300 a month for the past ~6 months ($1800), and has heated my room during the cold months, while getting more of my ROI on my quad 7970 rig.

I would completely understand someone who is new to mining and made pre-orders, I would be pissed too. Especially those who sold their GPU rigs around the time that the ASICs were supposed to be released.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
Current Difficulty: 4847647.152065606
Next Difficulty In About: 6d15h44m15s
Next Difficulty Estimate: 6143596.27281
Estimated Percent Change: 26.73357

27% is more realistic, and after another month the network will reach 100TH, and BFL will push it further to 500TH if they deliver
legendary
Activity: 966
Merit: 1000
Current Difficulty: 4847647.152065606
Next Difficulty In About: 6d15h44m15s
Next Difficulty Estimate: 6143596.27281
Estimated Percent Change: 26.73357
full member
Activity: 145
Merit: 105
I predict at the end of April we will be at 7.5 million difficulty...easy.
You know what? you might be right (or slightly off towards 7.8-8 million)
What do you think the price will be for bitcoin?
legendary
Activity: 1512
Merit: 1000
I'm going to have a funeral for my GPU Farm.

Edit:  I'm not a BFL investor though.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
This 10% difficulty hike is only the start. Usually it is a snowball effect...

I predict at the end of April we will be at 7.5 million difficulty...easy.

Cutting into mining profits....nom nom nom nom.
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