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Topic: [4,847,647]Difficulty Discussion Thread [TRENDING ↑ ↑] (Read 14607 times)

DrG
legendary
Activity: 2086
Merit: 1035
As a new hobbyist miner guy I can't believe how fast difficulty has gone up...

Started mining mostly LTC in late March, difficulty was 78ish... and it's looking it'll go to 285 in two days.   From 78 -=> 280 in about two weeks.. ! Pretty insane. Glad I'm just really enjoying it as a hobby and didn't drop too much into hardware..

Look back at the BTC graphs in 03/2011.  Pretty much the same thing as CPU miners switch to GPU Mining and a new boatload of miners piled on.
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
As a new hobbyist miner guy I can't believe how fast difficulty has gone up...

Started mining mostly LTC in late March, difficulty was 78ish... and it's looking it'll go to 285 in two days.   From 78 -=> 280 in about two weeks.. ! Pretty insane. Glad I'm just really enjoying it as a hobby and didn't drop too much into hardware..
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
New difficulty

7,673,000
member
Activity: 117
Merit: 10
Well if the network hashing power goes up by 14%, then so does the difficulty...
newbie
Activity: 54
Merit: 0
Difficulty is adjusted so one block is generated every 10 minutes. (If network hashing power doesn't change.)

Right, but isn't increase by 1 mil too big? Though I am new to all this, what do I know Smiley
donator
Activity: 543
Merit: 500
Difficulty is adjusted so one block is generated every 10 minutes. (If network hashing power doesn't change.)
newbie
Activity: 54
Merit: 0
7,673,000 (+14.6%) current

So what are we to expect? how much slower block generation on average?
donator
Activity: 543
Merit: 500
7,673,000 (+14.6%) current
donator
Activity: 543
Merit: 500
Perhaps due to BFL ASICs finally starting up as well now...
Like what, one unit? Wink Most should still be ASICMINER/Avalon. And maybe old GPU rigs getting started again.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
Bitcoincharts shows:

Difficulty   6695826
Estimated   7446578 in 821 blks
 
Perhaps due to BFL ASICs finally starting up as well now...
full member
Activity: 177
Merit: 100
4,847,647 (+11%) current
6,172,714 (+27.3%) next

in 4d 19h 45m (885 blocks)

6,695,826

Ouch!
donator
Activity: 543
Merit: 500
4,847,647 (+11%) current
6,172,714 (+27.3%) next

in 4d 19h 45m (885 blocks)
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
Bitcoin Difficulty
4,847,647

Next difficulty (estimate):
4,969,078

Bloody hell, This jump was over 10% !

Look again  Grin
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
Bitcoin Difficulty
4,847,647

Next difficulty (estimate):
4,969,078

Bloody hell, This jump was over 10% !
legendary
Activity: 1750
Merit: 1007
Haha, yeah what's the point of BTC rate going up 2x if difficulty goes up 2x also.

The question is will the next difficulty increase come in under a week if all the Avalon units kick on and ASICMiner gets fully set up.  Either a bad string of luck or some GPU Miners already quitting since 1 day into this period and the estimate is a little down from current difficulty.

As usual, BTC Guild can take a bit of the credit/blame for the inaccurate estimate.  We were running close to -40% luck the last 24 hours, which as far as the network estimates are concerned means around 4 TH/s disappeared after the diff change.  Don't be surprised if it swings the opposite way and you see an 8 TH/s swing in the other direction after another day.
DrG
legendary
Activity: 2086
Merit: 1035
Haha, yeah what's the point of BTC rate going up 2x if difficulty goes up 2x also.

The question is will the next difficulty increase come in under a week if all the Avalon units kick on and ASICMiner gets fully set up.  Either a bad string of luck or some GPU Miners already quitting since 1 day into this period and the estimate is a little down from current difficulty.
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
Bitcoin Difficulty
4,367,876

Fuck me, there goes a third of my mining income!

0.o
hero member
Activity: 816
Merit: 1000
up she goes!
zvs
legendary
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
i'll be in still for this next difficulty jump

doubtful for the one after that
hero member
Activity: 1036
Merit: 500
Thats nothing just wait and see what the next 2-3 months look like...
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