Topic: Dec 29 to Approx Jan 12th diff thread (4%) to (7%) - page 5. (Read 6351 times)
you might be right, yes
Now the estimated difficulty increase is 15%. Fuck me sideways...
Plus the price of BTC has dived, what, 20%? There goes a huge chunk of my profit margin...
Ah well, good thing I didn't put my life savings into mining!
Plus the price of BTC has dived, what, 20%? There goes a huge chunk of my profit margin...
Ah well, good thing I didn't put my life savings into mining!
It's ugly. The new gear is cutting some electricity costs in half (Possibly less depending on gear). Looking at difficulty it's been a while since jump like this. Hopefully it calms down after this change. But there is no way to know as we only speculate until then.
I think the RoadStress GB has a lot to do with the spike--230 units were reserved, but I think that a crapton more were actually purchased (a few thousand at least), considering how long they kept extending the GB, and re-extending, and so on. Most of those units are going online right now...
They're definitely responsible for a few PH of new hardware.
Now the estimated difficulty increase is 15%. Fuck me sideways...
Plus the price of BTC has dived, what, 20%? There goes a huge chunk of my profit margin...
Ah well, good thing I didn't put my life savings into mining!
Plus the price of BTC has dived, what, 20%? There goes a huge chunk of my profit margin...
Ah well, good thing I didn't put my life savings into mining!
It's ugly. The new gear is cutting some electricity costs in half (Possibly less depending on gear). Looking at difficulty it's been a while since jump like this. Hopefully it calms down after this change. But there is no way to know as we only speculate until then.
Now the estimated difficulty increase is 15%. Fuck me sideways...
Plus the price of BTC has dived, what, 20%? There goes a huge chunk of my profit margin...
Ah well, good thing I didn't put my life savings into mining!
Plus the price of BTC has dived, what, 20%? There goes a huge chunk of my profit margin...
Ah well, good thing I didn't put my life savings into mining!
I suggest you read up on Bitfury. They've invest tens of millions of dollars on their next gen chip and datacenter improvements. They aren't going to grow slowly even if BTC is under $200.
+1. If home miners are being squeezed out at something like $350USD, Bitfury won't even feel the pinch at $200 or $150. SO much other hardware would drop off at that price point that only the guys with free power or power <$0.05/kwh will be able to operate, and those guys will be able to keep growing. If anything, a high USD/BTC creates decentralization as home mining becomes profitable when prices are high, and the race begins.
And why would anyone want the coins anymore?
If you are correct and bitfury sets up 100ph in hash at 4 cents and at .3 watts a gh they would take their other gear off the market and not jack the hashrate. They have no need to run 1 watt or .8 watt gear if they built .3 watt gear. but what they don't need to do is jack the hashrate to the moon.
I suggest you read up on Bitfury. They've invest tens of millions of dollars on their next gen chip and datacenter improvements. They aren't going to grow slowly even if BTC is under $200.
+1. If home miners are being squeezed out at something like $350USD, Bitfury won't even feel the pinch at $200 or $150. SO much other hardware would drop off at that price point that only the guys with free power or power <$0.05/kwh will be able to operate, and those guys will be able to keep growing. If anything, a high USD/BTC creates decentralization as home mining becomes profitable when prices are high, and the race begins.
Around a week left looks like a nasty change. Hopefully we do not have a few in a row. With us having such good low numbers for so long one jump is not horrible. It will be the change after, and after that that show me what were in for.
Bitcoin Difficulty: 40,640,955,017
Estimated Next Difficulty: 46,218,129,390 (+13.72%)
Adjust time: After 1138 Blocks, About 7.1 days
Bitcoin Difficulty: 40,640,955,017
Estimated Next Difficulty: 46,218,129,390 (+13.72%)
Adjust time: After 1138 Blocks, About 7.1 days
I hope BitFury burns !
May their datacenters get all burned ahahahahahhahah
May their datacenters get all burned ahahahahahhahah
Even if they did we would not know much. Bitfury is good at remaining quiet.
The players we know such as SP and Bitmain both have new gen chips already and could easily pump out quite a few. With SP they have the SP-35 ready to pack a punch. And Bitmain could easily make some custom ones with 4 boards and fill up a data center.
Valery Vavilov, the CEO of Bitfury, has become much more talkative in the past month. Their newest chip was expected to launch at the end of December 2014. I guess we'll see... very soon.
Hmmm, I wonder if that explains SPT's recent aggressive pricing, clearing out stock before the imminent, looming, massive difficulty spike?
well both spondoolies and bitmaintech sold a lot of s-5's and sp20's before this spike hit. more then likely they caused the spike.
while bitfury and knc are doing what ever they are doing behind the scenes. I can tell you this all 4 companies need to look at the nov 5 to dec 30 growth and ask if this massive up scaling in Jan 2015 will help their bottom line.
The answer is not a simple yes, for us.
I would love to know what happened to the discount s-3's that bitmaintech tried to off load.
Did they sell off 5 or 8 or 10ph to a person/group that is now saying oh shit what did I do?
I hope BitFury burns !
May their datacenters get all burned ahahahahahhahah
May their datacenters get all burned ahahahahahhahah
Even if they did we would not know much. Bitfury is good at remaining quiet.
The players we know such as SP and Bitmain both have new gen chips already and could easily pump out quite a few. With SP they have the SP-35 ready to pack a punch. And Bitmain could easily make some custom ones with 4 boards and fill up a data center.
Valery Vavilov, the CEO of Bitfury, has become much more talkative in the past month. Their newest chip was expected to launch at the end of December 2014. I guess we'll see... very soon.
Hmmm, I wonder if that explains SPT's recent aggressive pricing, clearing out stock before the imminent, looming, massive difficulty spike?
I hope BitFury burns !
May their datacenters get all burned ahahahahahhahah
May their datacenters get all burned ahahahahahhahah
Even if they did we would not know much. Bitfury is good at remaining quiet.
The players we know such as SP and Bitmain both have new gen chips already and could easily pump out quite a few. With SP they have the SP-35 ready to pack a punch. And Bitmain could easily make some custom ones with 4 boards and fill up a data center.
I hope BitFury burns !
May their datacenters get all burned ahahahahahhahah
May their datacenters get all burned ahahahahahhahah
Bitfury is going to absolutely CRUSH the difficulty in the next few months once they swap out their old gear for their next gen miners.
I suspect we are just starting to see them putting the new gear online now. They've been dormant for quite some time but expect an explosion in difficulty soon. They've already sourced the cheapest electricity in the world and have functioning datacenters.
The only thing we can hope for... that they allow third-party vendors to build with their chips who will sell retail.
I suspect we are just starting to see them putting the new gear online now. They've been dormant for quite some time but expect an explosion in difficulty soon. They've already sourced the cheapest electricity in the world and have functioning datacenters.
The only thing we can hope for... that they allow third-party vendors to build with their chips who will sell retail.
Just hope for coins to drop to under 200.
Then bitfury will need to switch out slowly and in fact they should just maintain their hashrate and lower the power bill. rather then expanding the hash rate greatly. Remember at a certain point in time hash expansion does not help you it hurts you as you mine against your self.
For years miners like us fed money into them. But once you squeeze us out the demand for coins lessens. My biggest need for coins is an inflation hedge. My second need is buying gear.
I suggest you read up on Bitfury. They've invest tens of millions of dollars on their next gen chip and datacenter improvements. They aren't going to grow slowly even if BTC is under $200.
http://lmgtfy.com/?q=Bitfury+news
Bitfury is going to absolutely CRUSH the difficulty in the next few months once they swap out their old gear for their next gen miners.
I suspect we are just starting to see them putting the new gear online now. They've been dormant for quite some time but expect an explosion in difficulty soon. They've already sourced the cheapest electricity in the world and have functioning datacenters.
The only thing we can hope for... that they allow third-party vendors to build with their chips who will sell retail.
I suspect we are just starting to see them putting the new gear online now. They've been dormant for quite some time but expect an explosion in difficulty soon. They've already sourced the cheapest electricity in the world and have functioning datacenters.
The only thing we can hope for... that they allow third-party vendors to build with their chips who will sell retail.
Just hope for coins to drop to under 200.
Then bitfury will need to switch out slowly and in fact they should just maintain their hashrate and lower the power bill. rather then expanding the hash rate greatly. Remember at a certain point in time hash expansion does not help you it hurts you as you mine against your self.
For years miners like us fed money into them. But once you squeeze us out the demand for coins lessens. My biggest need for coins is an inflation hedge. My second need is buying gear.
Bitfury is going to absolutely CRUSH the difficulty in the next few months once they swap out their old gear for their next gen miners.
I suspect we are just starting to see them putting the new gear online now. They've been dormant for quite some time but expect an explosion in difficulty soon. They've already sourced the cheapest electricity in the world and have functioning datacenters.
The only thing we can hope for... that they allow third-party vendors to build with their chips who will sell retail.
I suspect we are just starting to see them putting the new gear online now. They've been dormant for quite some time but expect an explosion in difficulty soon. They've already sourced the cheapest electricity in the world and have functioning datacenters.
The only thing we can hope for... that they allow third-party vendors to build with their chips who will sell retail.
why ? you actually want it to go bad for everyone ?
no of course not. but at 200 usd I would hope the big guys fold up shop.
I have more then 10k on the table. I am not looking for a total meltdown.
I have 8 sp20's say 4000 to 5000
I have 15 coins say 4500
I have 7 quality psu's say 1000
so I am at a 10k point.
I can deal with price drop to 200 if it stops the difficulty in its tracks.
One thing I don't think you are including is a lot of the big guys have done a good job of seeking cheap electricity. Washington state, China (certain places), are really hard to get to a point where you can beat them with such low electricity prices.
what if 200 is not enough? 
why ? you actually want it to go bad for everyone ?
no of course not. but at 200 usd I would hope the big guys fold up shop.
I have more then 10k on the table. I am not looking for a total meltdown.
I have 8 sp20's say 4000 to 5000
I have 15 coins say 4500
I have 7 quality psu's say 1000
so I am at a 10k point.
I can deal with price drop to 200 if it stops the difficulty in its tracks.
why ? you actually want it to go bad for everyone ?
everything is great for bitcoin miners !
difficulty skyrocketing and price going to the ground!
what could be better ?
difficulty skyrocketing and price going to the ground!
what could be better ?
yep I am hoping for 200 usd coin price and a diff of 50xxxxxxx by the end of Jan 2015.
everything is great for bitcoin miners !
difficulty skyrocketing and price going to the ground!
what could be better ?
difficulty skyrocketing and price going to the ground!
what could be better ?
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