Can bitcoin difficulty decrease | Bitcointalksearch.org

philipma1957

legendary

Activity: 4326

Merit: 8914

'The right to privacy matters'

Quote from: Abadon on November 24, 2017, 07:36:53 AM

Quote from: redHairy on December 23, 2014, 03:59:02 AM

maybe when you opened the thread, in January, it was not possible to imagine,
but it is now possible and is happening!!!

check it!!!

https://bitcoinwisdom.com/bitcoin/difficulty

at the bottom there are historical data...

Now I'm seeing that information:

Quote

Bitcoin Difficulty:   1,364,422,081,125
Estimated Next Difficulty:   992,634,265,914 (-27.25%)
Adjust time:   After 47 Blocks, About 9.7 hours
Hashrate(?):   7,877,863,283 GH/s
Block Generation Time(?):
1 block: 12.4 minutes
3 blocks: 37.1 minutes
6 blocks: 1.2 hours
Updated:   14:30 (3.9 minutes ago)

Does it mean that after ~10 hours my Antminer S9 14Th/s will starting to make 17,78TH/s calculations?

Does it mean that I will earning 27% more with the same hardware?

not accurate.

BUT these below are after the fact and accurate:

Difficulty History

Date ------------- Difficulty--------------- Change-------Hash Rate
Nov 24 2017...... 1,347,001,430,559.... -1.28%....... 9,642,211,820 GH/s
Nov 10 2017...... 1,364,422,081,125.... -6.09%....... 9,766,913,694 GH/s
Oct 26 2017 ...... 1,452,839,779,146.... 21.39%.... 10,399,832,230 GH/s

this is due to the rise of BCC/BCH

so a 14,000 gh machine

now earns 14,000/9,642,211,820 or 0.0000014519 of the network

vs 14,000/10,399,832,230 or 0.0000013461 of the network

and coin price jumped to 8600 usd so you are whaling dude.

Abadon

newbie

Activity: 3

Merit: 0

Quote from: redHairy on December 23, 2014, 03:59:02 AM

maybe when you opened the thread, in January, it was not possible to imagine,
but it is now possible and is happening!!!

check it!!!

https://bitcoinwisdom.com/bitcoin/difficulty

at the bottom there are historical data...

Now I'm seeing that information:

Quote

Bitcoin Difficulty:   1,364,422,081,125
Estimated Next Difficulty:   992,634,265,914 (-27.25%)
Adjust time:   After 47 Blocks, About 9.7 hours
Hashrate(?):   7,877,863,283 GH/s
Block Generation Time(?):
1 block: 12.4 minutes
3 blocks: 37.1 minutes
6 blocks: 1.2 hours
Updated:   14:30 (3.9 minutes ago)

Does it mean that after ~10 hours my Antminer S9 14Th/s will starting to make 17,78TH/s calculations?

Does it mean that I will earning 27% more with the same hardware?

redHairy

full member

Activity: 126

Merit: 100

maybe when you opened the thread, in January, it was not possible to imagine,
but it is now possible and is happening!!!

check it!!!

https://bitcoinwisdom.com/bitcoin/difficulty

at the bottom there are historical data...

yuriygeorge

sr. member

Activity: 262

Merit: 250

I hate my family

Difficulty dropping not going to happen? Tee hee

vpitcher07

sr. member

Activity: 342

Merit: 250

Quote from: vpasic on January 10, 2014, 02:09:49 PM

nope!
miners have nothing to do with bitcoin price.

That is not necessarily true at all. If it cost me $100 to mine 1 bitcoin. I'm not selling it to you for under $100.

Ilanoh

member

Activity: 83

Merit: 10

They won't sell under mining cost, so if difficulty is high minim cost also, so all new bitcoin in the market won't be sold under a given price, that given price increase every few days

vpasic

sr. member

Activity: 266

Merit: 250

nope!
miners have nothing to do with bitcoin price.

Ilanoh

member

Activity: 83

Merit: 10

It's becoming technical I don't get everything but I got how it works.

Thanks

So thanks to your info we can predict the price increase for bitcoin. Since I guess it's true miners give headlines to bitcoin prices. No miners will dump there btc and since at the current price of btc mining won't be profitable if you enter the mining market as soon as asic are again available.

studio1one

hero member

Activity: 1218

Merit: 500

BintexFutures

sooooo...... difficulty..

Can't see it dropping until the next block reward halving.

vpasic

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

Quote from: vpasic on January 09, 2014, 02:58:42 PM

Quote from: ?? on ??

Quote from: vpasic on January 09, 2014, 02:17:40 PM

of all miners available right now you are backing up your theory with crappy blades??? nice one! is that all you have?? crappy blades???

based on your statements I concluded that you don't know much about it and sorry to say but it's still looks like that to me. based on what do you think I know less than you forgot about smt?
I din't insult you so please don't insult me. you don't know who am I so who are you to judge my knowledge.

difficulty will follow networks hash rate and it will be higher and higher!
economics is what determine a value of btc!

Spelling it 'SMD' was a big hint. Grin

Not knowing there is 12-18 months of reliability testing needed to actually have confidence a particular piece of electronics will not experience high field failures is another. Finally you were completely unaware of existing examples of high failure rates in bitcoin hardware.

It's generally better to be silent and thought to be a fool than to speak and prove it to everyone.

nice one!!
let me explain you something smart ass!
Surface-mount technology (SMT) is a method for producing electronic circuits in which the components are mounted or placed directly onto the surface of printed circuit boards (PCBs). An electronic device so made is called a surface-mount device (SMD)!!!
This is you fail, not mine!!
I know what I meant when I wrote SMD!
So who is now fool???
here, http://en.wikipedia.org/wiki/Surface-mount_technology
learn!!!

The industry uses SMT to refer to the entire technology. SMD is not used.

And surface mounted devices don't hash. The assembled board hashes.

Just for fun: Why don't you tell us all the failure modes for assembled electronics that would be relevant for bitcoin miners, the factors that accelerate failure, the key materials and processes that have an impact on product survival and the relevant testing and statistical analysis that is used to confirm a product is ready for release to market?

Maybe you can teach me something. Grin

you are one stubborn dude!
can you read English?
please read!!
http://en.wikipedia.org/wiki/Surface-mount_technology
first sentence in article!!!!
"Surface-mount technology (SMT) is a method for producing electronic circuits"!!!
it's a METHOD!!! you know what that word mean???
so if someone take ASIC chip with all other tiny things and mount that things onto the printed circuit boards, they will create... WHAT??? SMD!!! or surface-mount device! DEVICE!! MINING DEVICE in this case!!! oooooooor Surface-mount device for mining!!!!!!
do you now get it? Huh

I really don't want to discus anymore!
this is off topic anyway.
no hard feelings and good luck with that soon to happen difficulty drop.

vpasic

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

Quote from: vpasic on January 09, 2014, 02:17:40 PM

of all miners available right now you are backing up your theory with crappy blades??? nice one! is that all you have?? crappy blades???

based on your statements I concluded that you don't know much about it and sorry to say but it's still looks like that to me. based on what do you think I know less than you forgot about smt?
I din't insult you so please don't insult me. you don't know who am I so who are you to judge my knowledge.

difficulty will follow networks hash rate and it will be higher and higher!
economics is what determine a value of btc!

Spelling it 'SMD' was a big hint. Grin

Not knowing there is 12-18 months of reliability testing needed to actually have confidence a particular piece of electronics will not experience high field failures is another. Finally you were completely unaware of existing examples of high failure rates in bitcoin hardware.

It's generally better to be silent and thought to be a fool than to speak and prove it to everyone.

nice one!!
let me explain you something smart ass!
Surface-mount technology (SMT) is a method for producing electronic circuits in which the components are mounted or placed directly onto the surface of printed circuit boards (PCBs). An electronic device so made is called a surface-mount device (SMD)!!!
This is you fail, not mine!!
I know what I meant when I wrote SMD!
So who is now fool???
here, http://en.wikipedia.org/wiki/Surface-mount_technology
learn!!!

vpasic

sr. member

Activity: 266

Merit: 250

of all miners available right now you are backing up your theory with crappy blades??? nice one! is that all you have?? crappy blades???

based on your statements I concluded that you don't know much about it and sorry to say but it's still looks like that to me. based on what do you think I know less than you forgot about smt?
I din't insult you so please don't insult me. you don't know who am I so who are you to judge my knowledge.

difficulty will follow networks hash rate and it will be higher and higher!
economics is what determine a value of btc!

vpasic

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

Difficulty can decrease if people choose to shut down uneconomic hardware and less new hardware is brought online to compensate. It's also possible that some of the gear being deployed now will turn out to be very unreliable and failure rates will exceed the new deployments at some point.

In fact, at this time last year exactly that was happening. The reward halving made most GPUs loss making, and the anticipated price rise didn't appear. So difficulty started dropping until price rose and change the economics.

never going to happen.
right now most of the 5gh 10gh are off to btc mining. you need to power off 100 jalapeno miners or 50 blades to compensate power of only ONE knc jupiter. batches are bigger and bigger, power is higher and higher with every new generation of miners. even if you power off all miners 60gh and lower it can't compensate hashing power that will be delivered in next 2-3 months.

"gear being deployed now will turn out to be very unreliable and failure rates will exceed the new deployments at some point" - are you serious??? you don't know nothing about smd technology and this kind of components. for this kind of technology percentage of failures is under 0.5%.

there was no ASIC miners same time last year so you can forget about that theory also!

we all saw that bitcoin have huge potential so even if btc value drops down significantly people will still continue to buy miners because we all believe it is only matter of time till value will sky rocket again.

vpasic

sr. member

Activity: 266

Merit: 250

theoretically yes but not going to happen!
let me explain you something.
difficulty has nothing to do with drop in bitcoin volume.
difficulty depends of the hashing power added to the bitcoin network.
it is defined that btc block is generated by btc network every 10 minutes. so in 14 days theoretically it is generated 2016 blocks. but since we adding more and more hashing power to mine bitcoins we are mining block to fast. so instead of mining 2016 blocks in 14 days we are mining them in 12-13 days. and every 2016 block btc network is rising difficulty and trying to stretch mining of 2016 blocks to 14 days or 1 block every 10 minutes.

so only way to lower down difficulty is to stop adding more hash power and to power off let's say couple of hundreds TH miners. point is to mine 2016 blocks in 15-16 or more days so after 2016th block difficulty will drop down to set defined time to mine 2016 block and that is 1 block every 10 minutes or 2016 blocks in 14 days.

shit, I hope you're be able to follow me here...

Ilanoh

member

Activity: 83

Merit: 10

Hello!

Is it possible that bitcoin difficulty decrease, if we observe a drop in bitcoin volume?

Thanks!

Topic: Can bitcoin difficulty decrease (Read 7499 times)