Are you ready for an 80% difficulty increase in about a week? - page 2.

jasonk

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Quote from: mjsbuddha on June 11, 2011, 08:02:44 PM

The next difficulty is estimated at about 40% jump and even with the current drop in price my miners are about 3 to 4 times more profitable then when I started in April. Stop trolling.

3 to 4 times more profitable.... right... I think YOU'RE trolling. So that's like mining today @ $3-4 a bitcoin at current rates. Who the hell would mine at the current difficulty level for $3-4? If you pay for power, you'd be lucky to make more than a couple of dollars a day.... I call BS.

MoonShadow

legendary

Activity: 1708

Merit: 1010

Quote from: jasonk on June 11, 2011, 08:03:43 PM

Quote from: MoonShadow on June 11, 2011, 08:01:55 PM

I'm ready! I don't mine anyway!

Haha, you're an investor then?

Yup, daytrading is easy here. I ratched up a $100 starting pot up over ten times in the past 6 weeks, and I just bought back in again. I expect to sell again by Tuesday. Eventually, users are going to start noticing the patterns, and the price movements will not be nearly as profitable or predictable; but for me mining was never a likely endeavor.

jasonk

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Activity: 168

Merit: 100

Quote from: MoonShadow on June 11, 2011, 08:01:55 PM

I'm ready! I don't mine anyway!

Haha, you're an investor then?

mjsbuddha

sr. member

Activity: 336

Merit: 250

yung lean

The next difficulty is estimated at about 40% jump and even with the current drop in price my miners are about 3 to 4 times more profitable then when I started in April. Stop trolling.

Sjalq

sr. member

Activity: 280

Merit: 250

With the price collapse I think it's going to go the other direction, like earlier this year.

MoonShadow

legendary

Activity: 1708

Merit: 1010

I'm ready! I don't mine anyway!

k

sr. member

Activity: 451

Merit: 250

going to happen in less than a week at this rate. will take less than 4 days

jasonk

full member

Activity: 168

Merit: 100

Currently 10.5 blocks are being solved per hour. I'm guessing that the next difficulty increase will be quite high... about 80%. Thats just my guess, if you have an actual estimation based on the current rate, post.

With the huge dip in BTC price, and the difficulty increase coming in a week, this could become not very profitable very quickly! The price needs to increase again in 1 week or a lot of people will be forced to stop mining!

Topic: Are you ready for an 80% difficulty increase in about a week? - page 2. (Read 4171 times)