Anybody else getting slaughtered by this latest difficulty? - page 4.

bcpokey

hero member

Activity: 602

Merit: 500

Quote from: AngelusWebDesign on June 26, 2011, 10:44:23 PM

I have a little text file I've been maintaining for the past several difficulty increases.
Each of these days represents a different difficulty level:

670 Mh/s =

1.39 BTC (6/6/11 12:30 AM)
1.07 BTC (6/7/11 9:00 AM)
0.691 BTC (6/15/11 9:00 AM)
0.438 BTC (6/24/11 7:00 AM)

So 670 Mh/s brought in 1.39 BTC a day at the beginning of June, but currently brings in .438/day.
This is NOT EVEN ONE FULL MONTH.

See why you can't trust those "monthly income calculators"?

Because choosing 9 hours before a difficulty change as your starting BTC value really makes sense as a timeline?

The start of the 1.39 BTC cycle was 5/26, so that was more or less a month. That aside though, this was a big and painful growth period for miners to be sure. Pity the foos who were buying rigs in the middle.

With the steadying of difficulty however it's possible if they stick it out they'll recoup though. Keep those fingers crossed lil buddies.

Clipse

hero member

Activity: 504

Merit: 502

Quote from: fascistmuffin on June 26, 2011, 10:27:56 PM

Quote from: Jack of Diamonds on June 26, 2011, 08:56:36 PM

Income dropped to under 10 bitcoins per day for the first time on my farm but it still far exceeds the price of electricity.
Don't see a reason to stop until about 6-8M difficulty.

When income is less than a bitcoin per day at current prices then I'd say it's not worth it.

But if you run a small cluster then yes, there is no sense in selling at current prices unless you really need the USD. The obvious thing to do is to wait for a bump to $20-$30+.

Damn, you must have a nice little farm set up.

My main concern is that the people buying bitcoin don't value them in the same way as we, the miners, do. To a daytrader, it doesn't matter what the difficulty is as long as they can sell high and buy low.

I sometimes wonder if these low selloffs which usually happen with <50BTC isnt from people begging for donations then simply trying to fill their sell as fast as possible.

Thus, Stop giving to beggers

AngelusWebDesign

sr. member

Activity: 392

Merit: 250

I have a little text file I've been maintaining for the past several difficulty increases.
Each of these days represents a different difficulty level:

670 Mh/s =

1.39 BTC (6/6/11 12:30 AM)
1.07 BTC (6/7/11 9:00 AM)
0.691 BTC (6/15/11 9:00 AM)
0.438 BTC (6/24/11 7:00 AM)

So 670 Mh/s brought in 1.39 BTC a day at the beginning of June, but currently brings in .438/day.
This is NOT EVEN ONE FULL MONTH.

See why you can't trust those "monthly income calculators"?

fascistmuffin

newbie

Activity: 56

Merit: 0

Quote from: Jack of Diamonds on June 26, 2011, 08:56:36 PM

Income dropped to under 10 bitcoins per day for the first time on my farm but it still far exceeds the price of electricity.
Don't see a reason to stop until about 6-8M difficulty.

When income is less than a bitcoin per day at current prices then I'd say it's not worth it.

But if you run a small cluster then yes, there is no sense in selling at current prices unless you really need the USD. The obvious thing to do is to wait for a bump to $20-$30+.

Damn, you must have a nice little farm set up.

My main concern is that the people buying bitcoin don't value them in the same way as we, the miners, do. To a daytrader, it doesn't matter what the difficulty is as long as they can sell high and buy low.

bitcoinminer

sr. member

Activity: 322

Merit: 252

Yeah, not selling either... just stockpiling, but was doing better before this most recent increase, even with previous ones. Might be time to add another PC or two.

um0rion

member

Activity: 91

Merit: 10

Quote from: Clipse on June 26, 2011, 09:12:44 PM

Ive decided to go on strike aswell with regards to selling at these prices.

Im only selling atm to cover electricity bills.

Im not even selling them for that... im not going to unless price is in the $25+ range.

As for the comment about blocks/hr, there's 2 sites I watch, bitcoin charts gives 5.69/hr, and bitcoin watch gives 6.17/hr. Either way, Its nice to see it somewhat steady for a little while.

Clipse

hero member

Activity: 504

Merit: 502

Ive decided to go on strike aswell with regards to selling at these prices.

Im only selling atm to cover electricity bills.

IlbiStarz

full member

Activity: 336

Merit: 100

First time I'm seeing less than 6 blocks an hour, according to Bitcoin charts :O

Jack of Diamonds

sr. member

Activity: 252

Merit: 251

Income dropped to under 10 bitcoins per day for the first time on my farm but it still far exceeds the price of electricity.
Don't see a reason to stop until about 6-8M difficulty.

When income is less than a bitcoin per day at current prices then I'd say it's not worth it.

But if you run a small cluster then yes, there is no sense in selling at current prices unless you really need the USD. The obvious thing to do is to wait for a bump to $20-$30+.

Rob P.

member

Activity: 84

Merit: 10

Then don't sell them if you believe they are undervalued.

bitcoinminer

sr. member

Activity: 322

Merit: 252

I'm getting anywhere from 1/3rd to 1/4 the BTC/day out of my rig since the last increase... I know they say that difficulty doesn't relate to the price directly, but I think it needs to start

$15/BTC isn't going to cut it for long...

Topic: Anybody else getting slaughtered by this latest difficulty? - page 4. (Read 10212 times)