Because the difficulty is calculated over the entire 2016 block period! Your only looking at the begin and end points of the hashrate but diff as said is calculated over the entire period and thus the average hashrate in that period.
An analogy would be to think of a car going 60 mph and the diff is the distance travelled in a given timeframe. If the car keeps steady at 60 then diff will be x but if the car speeds up in between to say 100 mph and then goes back to 60 mph at the end of the timeframe the distance travelled will be larger because the average speed over the timeframe was higher and thus the diff wil be >x despite the begin and speeds being 60 mph.
Topic: AMHash1: Cost-Effective Mining Contract - page 94. (Read 304259 times)
So, it´s a question of an assumed hashrate on which an assumed difficulty is based. Then big mining operators play that like a fiddle to fleece their investors. Small wonder that nobody in their right mind takes this mess seriously. Nonsensical production of a produce that has no volume on two-bit exchanges and constantly falls in price. It totally stands to reason. But the more confidence in this nonsense tanks along with the price the more it is supposed to be worth in future. Good luck with that.
Galdur, please read https://en.bitcoin.it/wiki/Difficulty. In short when network hashrate goes up, the difficulty goes up as well to compensate it.
Relevant citation from https://en.bitcoin.it/wiki/Block
The difficulty of the mathematical problem is automatically adjusted by the network, such that it targets a goal of solving an average of 6 blocks per hour. Every 2016 blocks (about two weeks), all Bitcoin clients compare the actual number created with this goal and modify the target by the percentage that it varied. This increases (or decreases) the difficulty of generating blocks.
The fiat value of BTC has no direct relation to difficulty nor hashrate.
Yeah, I got that. But since the hashrate now is only 1% higher than on 12/30 and the system (which presumably has accurate information of hashrate at any given time) that adjusts the difficulty figures that difficulty will rise by 8% in two days where will that 7% come from? Since difficulty is a function of hashrate then the hashrate in two days will be 8% higher than on 12/30 if that estimate is to be taken seriously, right?
Hashrate on 12/30 290,919,288 GH/s
now 292,597,077 GH/s
in two days ca. 313 PH/s ? (+8%)
So, it´s a question of an assumed hashrate on which an assumed difficulty is based. Then big mining operators play that like a fiddle to fleece their investors. Small wonder that nobody in their right mind takes this mess seriously. Nonsensical production of a produce that has no volume on two-bit exchanges and constantly falls in price. It totally stands to reason. But the more confidence in this nonsense tanks along with the price the more it is supposed to be worth in future. Good luck with that.
Galdur, please read https://en.bitcoin.it/wiki/Difficulty. In short when network hashrate goes up, the difficulty goes up as well to compensate it.
Relevant citation from https://en.bitcoin.it/wiki/Block
The difficulty of the mathematical problem is automatically adjusted by the network, such that it targets a goal of solving an average of 6 blocks per hour. Every 2016 blocks (about two weeks), all Bitcoin clients compare the actual number created with this goal and modify the target by the percentage that it varied. This increases (or decreases) the difficulty of generating blocks.
The fiat value of BTC has no direct relation to difficulty nor hashrate.
So, it´s a question of an assumed hashrate on which an assumed difficulty is based. Then big mining operators play that like a fiddle to fleece their investors. Small wonder that nobody in their right mind takes this mess seriously. Nonsensical production of a produce that has no volume on two-bit exchanges and constantly falls in price. It totally stands to reason. But the more confidence in this nonsense tanks along with the price the more it is supposed to be worth in future. Good luck with that.
Yes, enough but in parting
Really ? Mining is online, right ? Bitcoinwisdom is online.
Why on earth can´t current hashrate be accurately known ? Well, within say 1-2%. Why the hell is hashrate flat on the last difficulty adjustment when it´s supposed to rise by 7.7% in two days ? Where is that 20+ PH/s going to come from ? And if it´s impossible to accurately know the hashrate how can the difficulty be estimated to a single digit in a number of 40 billion ?
Quote
Bitcoin hashrate can never be accurately known
Really ? Mining is online, right ? Bitcoinwisdom is online.
Why on earth can´t current hashrate be accurately known ? Well, within say 1-2%. Why the hell is hashrate flat on the last difficulty adjustment when it´s supposed to rise by 7.7% in two days ? Where is that 20+ PH/s going to come from ? And if it´s impossible to accurately know the hashrate how can the difficulty be estimated to a single digit in a number of 40 billion ?
Quote
The best way to think about Bitcoin difficulty is to view it as the maximum amount of computing power it will take to find a particular block reward. The difficulty number is what helps keep the Bitcoin block time at around ten minutes. As more hashing power is added to the network from different computers around the world, the difficulty of finding a block needs to be adjusted accordingly. If there was no mechanism for regulating the amount of hashing power it will take to mine a particular block, then it would be impossible to effectively secure the blockchain.
Code:
Difficulty History
Date Difficulty Change Hash Rate
Dec 30 2014 40,640,955,017 3.00% 290,919,288 GH/s
Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s
Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s
Date Difficulty Change Hash Rate
Dec 30 2014 40,640,955,017 3.00% 290,919,288 GH/s
Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s
Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s
The hashrate is calculated by the average time needed until a block is found. Bitcoinwisdom calculates them by 512 blocks average, so it's just an assumed hashrate.
And please stop quoting bitcoinwisdom numbers several times a day, everybody is aware of this site. Thanks.
AMHASH shares are on the rise (0.00095). I think it will stabilize around .001 like I predicted earlier especially if btc price hits 300 which its on its way.
I'd like to share your optimism but with 20% dividend drop coming in 72 hours this price will be unsustainable at these levels because it would mean almost 6 months roi
@skuser
I like your site- ie: Live ROI calculations for cloud mining
It's handier than http://www.rigwarz.com/ which is not live. I merely use rigwarz as a guide to find companies and get their prices and costs so I can do my own profitability calculations.Would you be able to add a few more popular cloud mining companies to it? For example:
- MegaMine
- Bitcoin Cloud Services
- Genesis Mining
- Cloud Mining Website.com
- Hashlet Genesis
Yes, enough but in parting
Really ? Mining is online, right ? Bitcoinwisdom is online.
Why on earth can´t current hashrate be accurately known ? Well, within say 1-2%. Why the hell is hashrate flat on the last difficulty adjustment when it´s supposed to rise by 7.7% in two days ? Where is that 20+ PH/s going to come from ? And if it´s impossible to accurately know the hashrate how can the difficulty be estimated to a single digit in a number of 40 billion ?
Quote
Bitcoin hashrate can never be accurately known
Really ? Mining is online, right ? Bitcoinwisdom is online.
Why on earth can´t current hashrate be accurately known ? Well, within say 1-2%. Why the hell is hashrate flat on the last difficulty adjustment when it´s supposed to rise by 7.7% in two days ? Where is that 20+ PH/s going to come from ? And if it´s impossible to accurately know the hashrate how can the difficulty be estimated to a single digit in a number of 40 billion ?
Quote
The best way to think about Bitcoin difficulty is to view it as the maximum amount of computing power it will take to find a particular block reward. The difficulty number is what helps keep the Bitcoin block time at around ten minutes. As more hashing power is added to the network from different computers around the world, the difficulty of finding a block needs to be adjusted accordingly. If there was no mechanism for regulating the amount of hashing power it will take to mine a particular block, then it would be impossible to effectively secure the blockchain.
Code:
Difficulty History
Date Difficulty Change Hash Rate
Dec 30 2014 40,640,955,017 3.00% 290,919,288 GH/s
Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s
Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s
Date Difficulty Change Hash Rate
Dec 30 2014 40,640,955,017 3.00% 290,919,288 GH/s
Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s
Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s
WTF guys! This discussion has no place in the AMHash thread. Please take the arguments elsewhere. Create your own thread with a relevant subject such as "Discuss the nature of variance as it applies to Bitcoin" or "Bitcoin hashrate can never be accurately know but only calculated based on the number of blocks found per unit of time: Discuss"
This thread is about AMHash.
This thread is about AMHash.
Hashrate now 292,090,936 GH/s
Estimated Next Difficulty: 43,781,864,910 (+7.73%)
Adjust time: After 320 Blocks, About 2.1 days
How will 290,919,288 increase by 7.7% ?
How will +1.1 PH/s become +22 PH/s ?
Estimated Next Difficulty: 43,781,864,910 (+7.73%)
Adjust time: After 320 Blocks, About 2.1 days
How will 290,919,288 increase by 7.7% ?
How will +1.1 PH/s become +22 PH/s ?
Code:
Difficulty History
Date Difficulty Change Hash Rate
Dec 30 2014 40,640,955,017 3.00% 290,919,288 GH/s
Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s
Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s
Nov 18 2014 40,300,030,328 1.76% 288,478,854 GH/s
Nov 05 2014 39,603,666,252 10.05% 283,494,086 GH/s
Oct 23 2014 35,985,640,265 2.81% 257,595,247 GH/s
Oct 09 2014 35,002,482,026 0.98% 250,557,526 GH/s
Sep 25 2014 34,661,425,924 16.20% 248,116,151 GH/s
Sep 13 2014 29,829,733,124 8.75% 213,529,547 GH/s
Aug 31 2014 27,428,630,902 15.03% 196,341,788 GH/s
Date Difficulty Change Hash Rate
Dec 30 2014 40,640,955,017 3.00% 290,919,288 GH/s
Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s
Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s
Nov 18 2014 40,300,030,328 1.76% 288,478,854 GH/s
Nov 05 2014 39,603,666,252 10.05% 283,494,086 GH/s
Oct 23 2014 35,985,640,265 2.81% 257,595,247 GH/s
Oct 09 2014 35,002,482,026 0.98% 250,557,526 GH/s
Sep 25 2014 34,661,425,924 16.20% 248,116,151 GH/s
Sep 13 2014 29,829,733,124 8.75% 213,529,547 GH/s
Aug 31 2014 27,428,630,902 15.03% 196,341,788 GH/s
Variance is a hand tool popular among Bitcornians which allows them to easily achieve seemingly difficult tasks like fitting a square peg into a round hole.
Here's a chart of the difficulty round from 02/12/14 to 17/12/14
Here's a chart of the difficulty round from 17/12/14 to 30/12/14
Here's a image of the current difficulty round from 30/12/14:
What exactly are those images supposed to be saying for themselves? What they tell me is that you haven't got a clue what you are talking about. Those images show "mining variance" which is why the hash rate fluctuates up and down. It does not show people hashing the shit out of bitcoin then switching off at the end of the round like you claim.
Here's to the crazy ones...
Variance is a hand tool popular among Bitcornians which allows them to easily achieve seemingly difficult tasks like fitting a square peg into a round hole.
AGAIN: Told you...
AGAIN: What is "mining variance"?
Galdur, pay attention:
The activity number is determined in this way:
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)
Rough summary of what this means: If you post once per day on average, then you will eventually get the maximum number of activity points that you can get. Posting more than once per day on average is useless for increasing activity. The maximum number of activity points you can get is 1 per day, but your activity score only updates every two weeks. Therefore, it will take about 100 days to get 100 activity if you post once per day on average.
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)
Rough summary of what this means: If you post once per day on average, then you will eventually get the maximum number of activity points that you can get. Posting more than once per day on average is useless for increasing activity. The maximum number of activity points you can get is 1 per day, but your activity score only updates every two weeks. Therefore, it will take about 100 days to get 100 activity if you post once per day on average.
Thanks Mabsark, I had no idea. Just like to rant on message boards. Don´t give an eff about this activity.
It´s tanking fast now.
Hashrate(?): 288,138,900 GH/s
Estimated Next Difficulty: 43,856,502,619 (+7.91%)
AGAIN: Told you...
Galdur, pay attention:
The activity number is determined in this way:
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)
Rough summary of what this means: If you post once per day on average, then you will eventually get the maximum number of activity points that you can get. Posting more than once per day on average is useless for increasing activity. The maximum number of activity points you can get is 1 per day, but your activity score only updates every two weeks. Therefore, it will take about 100 days to get 100 activity if you post once per day on average.
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)
Rough summary of what this means: If you post once per day on average, then you will eventually get the maximum number of activity points that you can get. Posting more than once per day on average is useless for increasing activity. The maximum number of activity points you can get is 1 per day, but your activity score only updates every two weeks. Therefore, it will take about 100 days to get 100 activity if you post once per day on average.
Thanks Mabsark, I had no idea. Just like to rant on message boards. Don´t give an eff about this activity.
It´s tanking fast now.
Hashrate(?): 288,138,900 GH/s
Estimated Next Difficulty: 43,856,502,619 (+7.91%)
I actually showed these charts to a guy at the bank here and he said, what the hell is that difficulty, is that how difficult it is to make this bitcoin thing? And that´s increasing exponentially? While bitcoin tanks? How strange. How do you make any money? It seems totally doomed. Well, I said, obviously it´s totally scam-ridden from top to bottom so someone is still making money otherwise it´d have given up the ghost already.
Galdur, pay attention:
The activity number is determined in this way:
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)
Rough summary of what this means: If you post once per day on average, then you will eventually get the maximum number of activity points that you can get. Posting more than once per day on average is useless for increasing activity. The maximum number of activity points you can get is 1 per day, but your activity score only updates every two weeks. Therefore, it will take about 100 days to get 100 activity if you post once per day on average.
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)
Rough summary of what this means: If you post once per day on average, then you will eventually get the maximum number of activity points that you can get. Posting more than once per day on average is useless for increasing activity. The maximum number of activity points you can get is 1 per day, but your activity score only updates every two weeks. Therefore, it will take about 100 days to get 100 activity if you post once per day on average.
Ah, I finally get it. The hashrate is a function of the difficulty. This explains why the difficulty and bitcoin charts have perfect inverse correlation that is travel in the opposite directions. The more difficult mining gets the more resources you put into it and the more the price of the product tanks. Only on planet Bitcorn.
Why do you answer a question with another question?
I was going to answer your question but I realise it would just be wasted effort. By the way, you do realise you're not in a signature campaign don't you?
Thin.
There is no reason for you cultists to be so sullen.
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