Author

Topic: 510.93 Million in difficulty just now!!! (Read 3052 times)

legendary
Activity: 3150
Merit: 2257
I fix broken miners. And make holes in teeth :-)
November 17, 2013, 02:26:04 PM
#25
Actually an under 20% jump is reason to make me squeal with *glee*. Just bumped my Jally to 20gh; that will make up for the increased difficulty for the next few days.

Got to get it to 24 next. More speed....
hero member
Activity: 752
Merit: 500
November 17, 2013, 11:55:41 AM
#24
The difficulty just went up...

Bitcoin Difficulty:   609,482,679
Estimated Next Difficulty:   734,301,945 (+20.48%)
Adjust time:   After 2012 Blocks, About 13.0 days
Hashrate(?):   4,719,890 GH/s

...
next dif is usually underestimated.  It'll probably end up closer to 800 mil.

My coinbits app has next at 652 mil.

Edit: now it's 623
sr. member
Activity: 255
Merit: 250
November 17, 2013, 11:40:51 AM
#23
The difficulty just went up...

Bitcoin Difficulty:   609,482,679
Estimated Next Difficulty:   734,301,945 (+20.48%)
Adjust time:   After 2012 Blocks, About 13.0 days
Hashrate(?):   4,719,890 GH/s

...
hero member
Activity: 752
Merit: 500
November 17, 2013, 10:31:06 AM
#22
Oh my gosh, block 270144 is taking forever!!
hero member
Activity: 1082
Merit: 505
A Digital Universe with Endless Possibilities.
November 17, 2013, 07:41:53 AM
#21
Which we are going to hit 600 million in 3 hours time...

Bitcoin Difficulty:   510,929,738
Estimated Next Difficulty:   607,967,629 (+18.99%)
hero member
Activity: 560
Merit: 500
November 16, 2013, 05:32:15 AM
#20
Prices of ASICs on ebay are actually increasing. That's what happens when the price of btc moves up 18% in 24 hours.

You don't turn off asics once you buy them. Their profits can be measured in fiat as well as btc.

very true.
Alot of the people that bought miners after seeing the "bitcoin bubble" in the spring bought with fiat and they are measuring their profits in fiat.

Ain't gonna get any better anytime soon.
I was thinking about this: Everyone goes on about how much richer everyone would be if they had bought bitcoin instead of miners. However if that happened, bitcoin prices would have skyrocked, people would have bought less bitcoin, and as a result not as much money would have been made.

Hindsight is great, but as we all realize changes in plan can change the result. Difficulty was never "supposed" to go up like this, so why would bitcoin prices not have gone up the same way?

Make sense?

C



+100000000
finally someone that gets it Smiley
legendary
Activity: 3150
Merit: 2257
I fix broken miners. And make holes in teeth :-)
November 11, 2013, 12:25:39 PM
#19
Prices of ASICs on ebay are actually increasing. That's what happens when the price of btc moves up 18% in 24 hours.

You don't turn off asics once you buy them. Their profits can be measured in fiat as well as btc.

very true.
Alot of the people that bought miners after seeing the "bitcoin bubble" in the spring bought with fiat and they are measuring their profits in fiat.

Ain't gonna get any better anytime soon.
I was thinking about this: Everyone goes on about how much richer everyone would be if they had bought bitcoin instead of miners. However if that happened, bitcoin prices would have skyrocked, people would have bought less bitcoin, and as a result not as much money would have been made.

Hindsight is great, but as we all realize changes in plan can change the result. Difficulty was never "supposed" to go up like this, so why would bitcoin prices not have gone up the same way?

Make sense?

C
hero member
Activity: 742
Merit: 500
November 11, 2013, 12:22:59 PM
#18
Is it me or is difficulty starting to slow down?...

only until 15th, then KnC starts space race all over again with their 2nd batch (allegedly 2PH or more)

You think it will be that much?  I feel like no one is even considering mining anymore because there are no gains left to be had.  But then again if they price it decently it may prove worthy to buy.  Speaking of does anyone know when they will be ready to ship them?

Why is it that so many people assume that KNC will just trash their chips if no one buys the second batch?

full member
Activity: 126
Merit: 100
CoinSlingin
November 11, 2013, 12:20:01 PM
#17
I believe shipping starts Friday!! Im in the last few thousand of the order chain. Crossing my fingers it isnt too late in November.....But I still dont believe Hashfast and Cointerra will even be remotely on time. I Expect end of January before those 2 start pushing out Rigs at the minimun, I could be wrong but by their weak updates that are never time relative, odds are they will be a while.
sr. member
Activity: 462
Merit: 250
November 08, 2013, 08:07:54 PM
#16
Is it me or is difficulty starting to slow down?...

only until 15th, then KnC starts space race all over again with their 2nd batch (allegedly 2PH or more)

You think it will be that much?  I feel like no one is even considering mining anymore because there are no gains left to be had.  But then again if they price it decently it may prove worthy to buy.  Speaking of does anyone know when they will be ready to ship them?
legendary
Activity: 1974
Merit: 1003
November 08, 2013, 07:02:40 PM
#15
No its not slowing down. Theres more products..

yes there is slowing down, only 3% diff increase estimate so far Wink
legendary
Activity: 1456
Merit: 1002
November 08, 2013, 06:52:23 PM
#14
No its not slowing down. Theres more products..
sr. member
Activity: 406
Merit: 250
November 08, 2013, 04:12:40 PM
#13
Is it me or is difficulty starting to slow down?...

only until 15th, then KnC starts space race all over again with their 2nd batch (allegedly 2PH or more)
sr. member
Activity: 462
Merit: 250
November 08, 2013, 04:07:11 PM
#12
Is it me or is difficulty starting to slow down?...
sr. member
Activity: 273
Merit: 250
November 08, 2013, 10:13:20 AM
#11
Since now the price has when up, looks like miners can start making profit again.. hope it will last until the next difficulty hike..
sr. member
Activity: 910
Merit: 253
November 08, 2013, 09:15:20 AM
#10
Prices of ASICs on ebay are actually increasing. That's what happens when the price of btc moves up 18% in 24 hours.

You don't turn off asics once you buy them. Their profits can be measured in fiat as well as btc.

very true.
Alot of the people that bought miners after seeing the "bitcoin bubble" in the spring bought with fiat and they are measuring their profits in fiat.

Ain't gonna get any better anytime soon.
hero member
Activity: 504
Merit: 502
November 07, 2013, 11:31:28 AM
#9
Prices of ASICs on ebay are actually increasing. That's what happens when the price of btc moves up 18% in 24 hours.

You don't turn off asics once you buy them. Their profits can be measured in fiat as well as btc.
hero member
Activity: 529
Merit: 501
November 06, 2013, 10:37:23 PM
#8
Just keep hashing ! Be happy !

hero member
Activity: 1082
Merit: 505
A Digital Universe with Endless Possibilities.
November 06, 2013, 06:39:02 AM
#7
Another 30% increment... this just don't stop.... time to sell my miners...
sr. member
Activity: 406
Merit: 250
November 06, 2013, 04:59:22 AM
#6
we just hit 511 million difficulty!!!

MY USB erupter can kiss goodbye.... paying more electricity then what I get.....

what is your electricity rate? $/kWh
sr. member
Activity: 297
Merit: 250
November 06, 2013, 01:36:42 AM
#5
we just hit 511 million difficulty!!!

MY USB erupter can kiss goodbye.... paying more electricity then what I get.....
full member
Activity: 236
Merit: 100
November 05, 2013, 11:53:14 PM
#4
And the worse part is that more ASIC is coming... so this is just like the beginning...
hero member
Activity: 742
Merit: 500
November 05, 2013, 04:12:18 PM
#3
Miners that are waiting for the ASIC hardware bubble to pop rejoice...  Smiley

There is blood in the street so it's almost time to buy.
hero member
Activity: 1246
Merit: 501
November 05, 2013, 03:58:14 PM
#2
It's f**king depressing.  Cry
sr. member
Activity: 448
Merit: 250
November 05, 2013, 03:54:29 PM
#1
we just hit 511 million difficulty!!!
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