I wonder how long will the difficulty keep increasing exponentially.
Manufacturers like Hashfast and Cointerra still working on their product, blackarrow is coming in. The difficulty will only keep skyrocketting once they have stable product output.
Who knows what is going on in the background, hashrate increased 50% in just half a month.
It is not wise to invest in mining if you expect to get back the bitcoin you invested. The manufacturers are getting all the edge with the offers they give. Instead of getting investors for r&d, they got all those money from pre-orders with false promises, it is easier to suck money from the masses than from a few. They only sell in limited quantity to gouge the price while in the background they might be building their own farms from the profit they got.
Bitmain is different from most manufacturers with no pre-ordering but still, the consumers are on the bad end of the deal. They sell their miners at price point that they think the miners might roi and I think they profitted a lot from that, their products BOM I believe is just at a fraction of the price they are selling.
Unlike gold shovel, bitcoin shovel can dig by itself.
Topic: Bitcoin difficulty increasing (Read 1186 times)
only a noob will take that in consideration, no offence, but do u know smthg abt difficulty ? it changes every 10 days , and when its changing its not accurate at all .. u should know that by now
Regarding difficulty and global hashrate. What is the most accurate source to see the hashrate? https://blockchain.info/charts/hash-rate here i see 18 mil GH, http://bitcoinwisdom.com/bitcoin/difficulty shows about 10 mil GH, http://bitcoincharts.com/bitcoin/ shows around 15 mil GH on top and on left bottom i see "Network Hashrate Terahashs/s 13190.21". So?
There is no way to find out realtime hashrate. It can be only computed backwards from block generation speed and depends on number of blocks chosen to compute from. If somebody turns on his 1 Petahash machine for solo mining for say 20 minutes and doesn't mine a block nobody will notice it
Regarding difficulty and global hashrate. What is the most accurate source to see the hashrate? https://blockchain.info/charts/hash-rate here i see 18 mil GH, http://bitcoinwisdom.com/bitcoin/difficulty shows about 10 mil GH, http://bitcoincharts.com/bitcoin/ shows around 15 mil GH on top and on left bottom i see "Network Hashrate Terahashs/s 13190.21". So?
How can this be?
Many of them are using subpar methodology, http://bitcoinwisdom.com/bitcoin/difficulty is the best by a mile. They hardly miss a percentage or two a week before difficulty adjustment.
Regarding difficulty and global hashrate. What is the most accurate source to see the hashrate? https://blockchain.info/charts/hash-rate here i see 18 mil GH, http://bitcoinwisdom.com/bitcoin/difficulty shows about 10 mil GH, http://bitcoincharts.com/bitcoin/ shows around 15 mil GH on top and on left bottom i see "Network Hashrate Terahashs/s 13190.21". So?
Noontime yesterday 1/12 RealtimeBitcoin.info had it at 13,185, while noontime today 18,236,
Biggest jump in 24 hours?
Regarding difficulty and global hashrate. What is the most accurate source to see the hashrate? https://blockchain.info/charts/hash-rate here i see 18 mil GH, http://bitcoinwisdom.com/bitcoin/difficulty shows about 10 mil GH, http://bitcoincharts.com/bitcoin/ shows around 15 mil GH on top and on left bottom i see "Network Hashrate Terahashs/s 13190.21". So?
15,000 TH/s is closest for the last 24 hours. The difficulty just changed so each source is handling that differently.
The 18,000 TH/s number is likely a result of calculating the hashrate using the number of blocks solved over the last 24 hours and the current difficulty but the current difficulty started less that 24 hours ago. This isn't accurate as some of those blocks were solved at the previous difficulty level.
The 13,000 TH/s number is probably over a longer period of time, like the last 7 days.
Regarding difficulty and global hashrate. What is the most accurate source to see the hashrate? https://blockchain.info/charts/hash-rate here i see 18 mil GH, http://bitcoinwisdom.com/bitcoin/difficulty shows about 10 mil GH, http://bitcoincharts.com/bitcoin/ shows around 15 mil GH on top and on left bottom i see "Network Hashrate Terahashs/s 13190.21". So?
How can this be?
Jelin... down to 3 "CA batch" now...
https://www.kncminer.com/news/news-74
Regarding difficulty and global hashrate. What is the most accurate source to see the hashrate? https://blockchain.info/charts/hash-rate here i see 18 mil GH, http://bitcoinwisdom.com/bitcoin/difficulty shows about 10 mil GH, http://bitcoincharts.com/bitcoin/ shows around 15 mil GH on top and on left bottom i see "Network Hashrate Terahashs/s 13190.21". So?
Spikes like that happen as you can see from the history charts average difficulty increase has been 24% per shift.
https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing
I figured the difficulty rise since I started mining oct 18th
from the oct 16th diff rise to the last one I think it was 28.6 % if I remember the number correctly as an average per diff increase (9 I think it was)
Code:
Difficulty History
Date Difficulty Change Hash Rate
Jan 13 2014 1,789,546,951 26.16% 12,810,076 GH/s
Jan 02 2014 1,418,481,395 20.12% 10,153,885 GH/s
Dec 21 2013 1,180,923,195 30.01% 8,453,378 GH/s
Dec 10 2013 908,350,862 28.41% 6,502,229 GH/s
Nov 29 2013 707,408,283 16.07% 5,063,826 GH/s
Nov 17 2013 609,482,680 19.29% 4,362,847 GH/s
Nov 05 2013 510,929,738 30.70% 3,657,378 GH/s
Oct 26 2013 390,928,788 46.02% 2,798,377 GH/s
Oct 16 2013 267,731,249 41.45% 1,916,495 GH/s
Oct 06 2013 189,281,249 27.19% 1,354,928 GH/s
I stand corrected 24.542 as an ave of the above (or I blunt fingered a digit wrong)
yea.....I see (psychic that I am) .... it being more like a 35% ave for the next 10 steps (if we are lucky)
imho anyway
Searing
Spikes like that happen as you can see from the history charts average difficulty increase has been 24% per shift.
https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing
I figured the difficulty rise since I started mining oct 18th
from the oct 16th diff rise to the last one I think it was 28.6 % if I remember the number correctly as an average per diff increase (9 I think it was)
Code:
Difficulty History
Date Difficulty Change Hash Rate
Jan 13 2014 1,789,546,951 26.16% 12,810,076 GH/s
Jan 02 2014 1,418,481,395 20.12% 10,153,885 GH/s
Dec 21 2013 1,180,923,195 30.01% 8,453,378 GH/s
Dec 10 2013 908,350,862 28.41% 6,502,229 GH/s
Nov 29 2013 707,408,283 16.07% 5,063,826 GH/s
Nov 17 2013 609,482,680 19.29% 4,362,847 GH/s
Nov 05 2013 510,929,738 30.70% 3,657,378 GH/s
Oct 26 2013 390,928,788 46.02% 2,798,377 GH/s
Oct 16 2013 267,731,249 41.45% 1,916,495 GH/s
Oct 06 2013 189,281,249 27.19% 1,354,928 GH/s
Spikes like that happen as you can see from the history charts average difficulty increase has been 24% per shift.
https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing
I figured the difficulty rise since I started mining oct 18th
from the oct 16th diff rise to the last one I think it was 28.6 % if I remember the number correctly as an average per diff increase (9 I think it was)
ouch
with this next go around will probably top that the next 9 or so diff rises
(the fickle finger of fate having f**ke* moves on!)
Searing
Let it settle .................Petal....
Isn't it fairly inaccurate for a little while as the new diff settles in? Meaning by tomorrow sometime it should level out some more..
Come on guys, don't let the bar drop so low...
Just think of what would happen to the difficulty if hypothetically all miners stop hashing tomorrow.
As I understand it, nothing. The network adjusts at 2016 blocks, so it would never have a chance to change (evil grin). 'course that would be just about the end of bitcoin, unless all the "full" node clients started hashing again.
Spikes like that happen as you can see from the history charts average difficulty increase has been 24% per shift.
https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing
Isn't it fairly inaccurate for a little while as the new diff settles in? Meaning by tomorrow sometime it should level out some more..
Come on guys, don't let the bar drop so low...
Just think of what would happen to the difficulty if hypothetically all miners stop hashing tomorrow.
My only point was the next difficulty is an estimate and a larger temporal sample size provides a more accurate estimate but I'll yield you since I might be a moron on this one..
Isn't it fairly inaccurate for a little while as the new diff settles in? Meaning by tomorrow sometime it should level out some more..
Come on guys, don't let the bar drop so low...
Just think of what would happen to the difficulty if hypothetically all miners stop hashing tomorrow.
Isn't it fairly inaccurate for a little while as the new diff settles in? Meaning by tomorrow sometime it should level out some more..
Isn't it fairly inaccurate for a little while as the new diff settles in? Meaning by tomorrow sometime it should level out some more..
DIFF....35.22% 10d 6hr 31m 6s WTF?
http://allchains.info/
http://allchains.info/
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