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Topic: [4,847,647]Difficulty Discussion Thread [TRENDING ↑ ↑] - page 4. (Read 14617 times)

sr. member
Activity: 353
Merit: 251
http://www.bitcoinx.com/ estimates 2,940,164

and http://blockchained.com/ estimates 2,949,803
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
only 4 hours later and the new estimate is

  3,151,234 @ 11.45PM UTC 15/12
full member
Activity: 136
Merit: 100
new estimate 3,160,030.... and we're up to 13.50ish

legendary
Activity: 1274
Merit: 1004
I'd be betting 90-95% of that is Bitcoin Laundry and Blockchain.info Laundry
You mean SatoshiDice? Smiley
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
I'd be betting 90-95% of that is Bitcoin Laundry and Blockchain.info Laundry
sr. member
Activity: 330
Merit: 250
Now it is:
3423585.80041288

I don't know about that link. I would use Bitcoin Watch instead.  Right now the future difficulty is still trending downward: 3,280,731.

It's not tanking, but from what happened last year, this isn't surprising. Miners are slow to throw in the towel.


Bookmarked! Thank you and nice to see the difficulty going down some.

Whoah wtf? 3.9 million BTC sent in last 24 hours?!?!?!?! That's pretty healthy.
newbie
Activity: 45
Merit: 0
Wonder how long this slide will continue, before the new FPGAs and ASICs start to outweigh the leaving GPU miners.
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
Miners are slow to throw in the towel.


Ain't that the truth
hero member
Activity: 588
Merit: 500
firstbits.com/1kznfw
Now it is:
3423585.80041288

I don't know about that link. I would use Bitcoin Watch instead.  Right now the future difficulty is still trending downward: 3,280,731.

It's not tanking, but from what happened last year, this isn't surprising. Miners are slow to throw in the towel.
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
Maybe we need a Block difficulty watch thread...


Done. Thread renamed. I'll adjust my first post to include a few more details soon
sr. member
Activity: 330
Merit: 250
Now it is:
3423585.80041288

Maybe we need a Block difficulty watch thread...

Certainly isn't tanking.
hero member
Activity: 602
Merit: 500
sr. member
Activity: 330
Merit: 250
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
Current difficulty 3,438,909

Next difficulty (estimate): 3,372,281


Starting to go down faster!
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
3,438,909
Next difficulty (estimate): 3,435,354

Difficulty is going to lower definatly by the looks of the graph and the estimate.

I reckon people are seeing the spreadsheets and earnings estimates, and have decided to call it quits.
hero member
Activity: 588
Merit: 500
firstbits.com/1kznfw
It's an average over the whole 2016 blocks, and it was higher over the first part (especially right before the halving). Give it a few more days and it will probably end up slightly lower.
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
Checkout the green (3 day estimate) drop!  Biggest drop all year!



The difficulty estimate is still...
3,438,909
Next difficulty (estimate): 3,461,345

...higher?
sr. member
Activity: 378
Merit: 250
I wouldn't be surprised if we see total network hashrate dip below 20 TH in the next month or two (assuming ASIC's aren't in the mix).  I for one have pulled the plug on my miners.  Even with the hardware long payed off and a decent power rate of .10 / Kwh, I'm paying $9 in power costs to make $10 in BTC.  Just not worth the effort/aggravation.  I think in the next week or two, more people will see that and only folks will really low power rates or FPGA's are going to stick it out.
mrb
legendary
Activity: 1512
Merit: 1028
member
Activity: 88
Merit: 37
The drop we are seeing is starting to look more significant than the variance over the last 3 months: http://bitcoin.sipa.be/speed-lin-10k.png We need 2-3 more days of data to be sure.

Hey, did you ever get ahold of that special hashing algorithm you were going on about all those months ago?
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