I hope it keeps going.
A lot of miners are selling their gear and moving to trading instead of mining. I plan to carry on doing both!
Makes sense really, you can make more in a good day of trading than a month of mining.
Topic: 700+ blocks in and estimate for next difficulty is below the current... (Read 2902 times)
August 16, 2011, 08:37:54 AM
August 16, 2011, 01:39:17 AM
The estimate for the next drop seems much lower than I would have thought:
1565638.73312961
Anyone know if such a low estimate is normal for a while after a difficulty change, or has the network really lost that much hashing power?
1565638.73312961
Anyone know if such a low estimate is normal for a while after a difficulty change, or has the network really lost that much hashing power?
There's not enough 'sample' data yet. Even before the difficulty change, a lot of pools were having 'bad luck' and it's been continuing after the change so the average # of blocks being solved per hour was lower than 6 which would make it appear that a ton of hashing power has left.
I'd wait at least another 24 hours to actually get a 'gauge'...
Cheers,
Kermee
Makes sense. For some reason
I thought the estimates were all based on the last X blocks, rather than the blocks since the last difficulty change.
August 16, 2011, 01:11:36 AM
The estimate for the next drop seems much lower than I would have thought:
1565638.73312961
Anyone know if such a low estimate is normal for a while after a difficulty change, or has the network really lost that much hashing power?
1565638.73312961
Anyone know if such a low estimate is normal for a while after a difficulty change, or has the network really lost that much hashing power?
There's not enough 'sample' data yet. Even before the difficulty change, a lot of pools were having 'bad luck' and it's been continuing after the change so the average # of blocks being solved per hour was lower than 6 which would make it appear that a ton of hashing power has left.
I'd wait at least another 24 hours to actually get a 'gauge'...
Cheers,
Kermee
August 16, 2011, 01:08:36 AM
1805700.8361937
Looks like it was a 4.4% drop.
Cheers,
Kermee
Looks like it was a 4.4% drop.
Cheers,
Kermee
The estimate for the next drop seems much lower than I would have thought:
1565638.73312961
Anyone know if such a low estimate is normal for a while after a difficulty change, or has the network really lost that much hashing power?
August 15, 2011, 06:59:36 PM
1805700.8361937
Looks like it was a 4.4% drop.
Cheers,
Kermee
Looks like it was a 4.4% drop.
Cheers,
Kermee
August 06, 2011, 07:30:03 PM
Looks like there might be a need for a new site I'm developing!
Here's a snip...
Here's a snip...
Looks good link us when ready.
August 06, 2011, 04:39:47 PM
Looks like there might be a need for a new site I'm developing!
Here's a snip...
https://i.imgur.com/aqlvu.png
Here's a snip...
https://i.imgur.com/aqlvu.png
August 06, 2011, 04:08:09 PM
Where are you guys getting this info?
I've always blindly regarded bitcoincharts.com's estimations and they're saying
Every site I've seen says relatively the same thing, but none of them say less than 1900000 for next increase.
I've always blindly regarded bitcoincharts.com's estimations and they're saying
Quote
Estimated 1922292 in 1232 blks
Every site I've seen says relatively the same thing, but none of them say less than 1900000 for next increase.
http://blockexplorer.com/q/estimate
Cheers,
Kermee
August 06, 2011, 03:59:45 PM
According to that site, it says next diff will be 1'735'592.65
August 06, 2011, 03:45:48 PM
Where are you guys getting this info?
I've always blindly regarded bitcoincharts.com's estimations and they're saying
Every site I've seen says relatively the same thing, but none of them say less than 1900000 for next increase.
I've always blindly regarded bitcoincharts.com's estimations and they're saying
Quote
Estimated 1922292 in 1232 blks
Every site I've seen says relatively the same thing, but none of them say less than 1900000 for next increase.
http://dot-bit.org/tools/nextDifficulty.php
August 06, 2011, 03:40:38 PM
Where are you guys getting this info?
I've always blindly regarded bitcoincharts.com's estimations and they're saying
Every site I've seen says relatively the same thing, but none of them say less than 1900000 for next increase.
I've always blindly regarded bitcoincharts.com's estimations and they're saying
Quote
Estimated 1922292 in 1232 blks
Every site I've seen says relatively the same thing, but none of them say less than 1900000 for next increase.
August 06, 2011, 02:57:30 PM
1864707.34482746 (-1.27%)
Looks like we might actually drop...
Cheers,
Kermee
Looks like we might actually drop...
Cheers,
Kermee
August 06, 2011, 05:27:31 AM
i turned my miners of after mybitcoin went down. I had 6 5850ati running for month's I live in England so heat was not so much of a problems ,noise was though and the electric bill. I don't feel its worth the effort anymore. i am gutted that i have lost my bitcoins.
But shit happens and i still think bitcoins are a great idea.
But shit happens and i still think bitcoins are a great idea.
August 06, 2011, 05:12:49 AM
Lot of people are selling their rigs and cards. With costs of electricity, undervalued price of btc, all the hackings and just time to keep rigs running--have caused many to say bye bye.
Where are they selling? Ebay, Craigslist and the Goods section here have not shown a significant uptick in listings for GPUs or rigs.
A cursory check of the Goods section of just this forum shows that 22% of the listings on the front page are for selling rigs or video cards.
The difficulty does not decrease due to more hashing power being added
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
August 06, 2011, 04:22:59 AM
A negative difficulty? Whoa, I've been waiting for this for a LOOOOOOOOOOOONNNNNNNNNNNNNNNNGGGGGG time. Now the network won't be able to mine ANY blocks!
You solve more blocks by turning miners OFF!
Corrected title
And new estimate: 1884022.57506567 (-0.25%)
Everyone moving to NMC?
Cheers,
Kermee
August 06, 2011, 03:21:11 AM
Lot of people are selling their rigs and cards. With costs of electricity, undervalued price of btc, all the hackings and just time to keep rigs running--have caused many to say bye bye.
Where are they selling? Ebay, Craigslist and the Goods section here have not shown a significant uptick in listings for GPUs or rigs.
August 06, 2011, 02:34:18 AM
Lot of people are selling their rigs and cards. With costs of electricity, undervalued price of btc, all the hackings and just time to keep rigs running--have caused many to say bye bye.
August 06, 2011, 02:33:30 AM
It might finally drop a bit because at current price levels casual miners are out of the game. A typical miner with a 300mhash card is only making $1.6 per day before electricity.. Minus pool luck, exchange rate fluctuations, etc.
Casuals used to be a pretty big part of the mining force.
The only people left are those who will mine regardless of profits or electricity costs, and farms which are still profitable due to the sheer amount of hashing power (worthwhile to keep the machines running)
I'll keep mining even at 3m difficulty because I believe $9 is a grossly undervalued price. It'll eventually go up significantly, no matter if that's 2 weeks, 2 months or 2 years.
Casuals used to be a pretty big part of the mining force.
The only people left are those who will mine regardless of profits or electricity costs, and farms which are still profitable due to the sheer amount of hashing power (worthwhile to keep the machines running)
I'll keep mining even at 3m difficulty because I believe $9 is a grossly undervalued price. It'll eventually go up significantly, no matter if that's 2 weeks, 2 months or 2 years.
August 06, 2011, 01:36:40 AM
A negative difficulty? Whoa, I've been waiting for this for a LOOOOOOOOOOOONNNNNNNNNNNNNNNNGGGGGG time. Now the network won't be able to mine ANY blocks!
You solve more blocks by turning miners OFF!
Corrected title
And new estimate: 1884022.57506567 (-0.25%)
Everyone moving to NMC?
Cheers,
Kermee
August 06, 2011, 01:34:32 AM
Current Blocks: 139811
Current Difficulty: 1888786.7053531
Next Difficulty At Block: 141119
Next Difficulty In: 1308 blocks
Next Difficulty In About: 1 week, 2 days, 2 hours, 43 minutes, and 36 seconds
Next Difficulty Estimate: 1886589.36771935
Cheers,
Kermee
Current Difficulty: 1888786.7053531
Next Difficulty At Block: 141119
Next Difficulty In: 1308 blocks
Next Difficulty In About: 1 week, 2 days, 2 hours, 43 minutes, and 36 seconds
Next Difficulty Estimate: 1886589.36771935
Cheers,
Kermee
A negative difficulty? Whoa, I've been waiting for this for a LOOOOOOOOOOOONNNNNNNNNNNNNNNNGGGGGG time. Now the network won't be able to mine ANY blocks!
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