Diff contest Aug 9 to Aug?.Prize a black sealed Trezor wallet. Picks are closed.

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

Quote from: fr4nkthetank on October 03, 2017, 11:06:00 AM

quick question, do you think you'll organize another difficulty contest in the near future ? Hashrate is still all over the place and shows no sign of....normalcy. Plus another fork is incoming in a month (maybe), now that will be interesting to watch. One thing is for sure, Bitmain and friends sure succeeded with their evil plans for higher profitability....10% bonus on bitcoin balances + mining profitability for sha256 is much, much higher than before.

locking

moved here

https://bitcointalksearch.org/topic/difficulty-contest-sept18-prize-a-sealed-trezor-wallet-picks-are-closed-2188103

fr4nkthetank

legendary

Activity: 2294

Merit: 1182

Now the money is free, and so the people will be

quick question, do you think you'll organize another difficulty contest in the near future ? Hashrate is still all over the place and shows no sign of....normalcy. Plus another fork is incoming in a month (maybe), now that will be interesting to watch. One thing is for sure, Bitmain and friends sure succeeded with their evil plans for higher profitability....10% bonus on bitcoin balances + mining profitability for sha256 is much, much higher than before.

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

well back on point

diff is still near 20%

coins are about 3700

bcc may have a bust out move when diff jumps 20% for btc.

I have been mining it for a while. It could be a good coin.

https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Difficulty:   922,724,699,726
Estimated Next Difficulty:   1,107,976,453,219 (+20.08%)
Adjust time:   After 387 Blocks, About 2.2 days
Hashrate(?):   8,431,036,786 GH/s
Block Generation Time(?):
1 block: 8.3 minutes
3 blocks: 24.9 minutes
6 blocks: 49.7 minutes
Updated:

QuintLeo

legendary

Activity: 1498

Merit: 1030

Intel stated "10 nm end of road for Silicon".

IBM has mentioned used HYBRID Germanium/Silicon wafers in their 7NM experimental development (this would end up on Global Foundries since GF ended up with the IBM fabs some years back when IBM decided to spin off that part of their business).

This should probably move over to the "Phil's 6'th thread" for any further discussion.

Last of the V8s

legendary

Activity: 1652

Merit: 4392

Be a bank

Quote from: QuintLeo on September 15, 2017, 07:37:14 AM

It's ONE company "GMO", and I believe their originally announced May 2018 timeframe was way optimistic.
They seem to have toned the timeframe back to "have working silicon in 2018" which sounds like they are targeting TAPE-OUT by the end of 2018 and might be a viable target (that would put actual PRODUCTION into 1Q or 2Q of 2019).

They seem to have also had some bad timing on when to get involved, with the recent news out of China - unless China DOES in fact ban Bitcoin and it puts Bitmain/BW.COM/EBit and the other smaller Chinese miner makers out of business (Innosilicon will probably survive, they'll go back to being a custom design house like they were before they started doing Cryptocoin ASIC).

Many thanks for your insights. There is another one called DMM. https://www.coindesk.com/e-commerce-giant-dmm-to-launch-bitcoin-mining-venture/

Apart from the bad timing aspects you mentioned, I still can't get my woolly head round the 7nm part - thought the limits were being reached around 10-12nm.

Further, do you actually believe these announcements? Haven't we all heard more such announcements than were to be believed?

Quote from: philipma1957 on September 15, 2017, 09:18:23 AM

As long as they stay up I will start it back up.

Great news. Sorry for off topic.

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

As long as they stay up I will start it back up.

TheYankeesWin!

sr. member

Activity: 462

Merit: 300

Hey Phil the game will start next jump?

They are back

https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Difficulty:   922,724,699,726
Estimated Next Difficulty:   1,121,543,830,859 (+21.55%)
Adjust time:   After 448 Blocks, About 2.5 days
Hashrate(?):   8,603,425,599 GH/s
Block Generation Time(?):
1 block: 8.2 minutes
3 blocks: 24.4 minutes
6 blocks: 48.9 minutes
Updated:   9:15 (2.2 minutes ago)

Difficulty History

Date   Difficulty   Change   Hash Rate
Sep 06 2017   922,724,699,726   3.89%   6,605,120,681 GH/s
Aug 24 2017   888,171,856,257   -3.80%   6,357,781,793 GH/s
Aug 09 2017   923,233,068,449   7.32%   6,608,759,726 GH/s
Jul 27 2017   860,221,984,436   6.92%   6,157,708,817 GH/s
Jul 14 2017   804,525,194,568   13.53%   5,759,015,666 GH/s
Jul 02 2017   708,659,466,230   -0.43%   5,072,782,052 GH/s

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

A lot of action.

coinbase dropped under 3000

2975 back to 3352

on hashnest the s-7 was making good money when coins were 4500 plus

it is still at the 49% level

what does this mean? it means bitmain is still whaling as now one checks to see if they run s-9's and charge for s-7's

QuintLeo

legendary

Activity: 1498

Merit: 1030

It's ONE company "GMO", and I believe their originally announced May 2018 timeframe was way optimistic.
They seem to have toned the timeframe back to "have working silicon in 2018" which sounds like they are targeting TAPE-OUT by the end of 2018 and might be a viable target (that would put actual PRODUCTION into 1Q or 2Q of 2019).

They seem to have also had some bad timing on when to get involved, with the recent news out of China - unless China DOES in fact ban Bitcoin and it puts Bitmain/BW.COM/EBit and the other smaller Chinese miner makers out of business (Innosilicon will probably survive, they'll go back to being a custom design house like they were before they started doing Cryptocoin ASIC).

Last of the V8s

legendary

Activity: 1652

Merit: 4392

Be a bank

sorry am very out of the loop it seems. these Japanese mining companies announcing 7nm chips, that's realistic now suddenly is it?

leowonderful

legendary

Activity: 1624

Merit: 1129

Bitcoin FTW!

My S7 is still truckin along barely profitable right now... thinking of just throwing it in the miner museum with a few other old relics. I'm surprised these things have made it so far, two years of mining... shame Bitmain doesn't make anything nearly as reliable these days.

BTCC suspends trading and price plunged to $2500 temporarily on the exchange... with the difficulty rises combined with that I don't see this thing making it that far anymore sadly.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: fr4nkthetank on September 13, 2017, 09:30:44 AM

Just had a look at the 9 month chart on bitcoinwisdom...wow that is pretty crazy. If bitcoin price goes down to 2500 lets say, and diff keeps truckin` then its safe to say a lot of S7's will be going into retirement.....

I suspect some already have - they're NOT profitable unless you have SUPER cheap electric.

alh

legendary

Activity: 1843

Merit: 1050

Quote from: abeandund on September 13, 2017, 01:25:15 AM

bitcoinwisdom seems to be back up

While this is quite welcome, the BTC price is clearly stuck way in the past.....

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

Quote from: leowonderful on September 13, 2017, 07:40:04 PM

Quote from: alh on September 13, 2017, 05:06:35 PM

I would have thought the BCC "Emergency Difficulty Adjustment" (as I understand it) would have "expired" by now and it would be back to the normal 2016 block adjustment interval. Right now it appears that BCC still needs this "crutch"?

That seems like a poor situation long term, though maybe the "Emergency" only needs to last a while longer.

I can understand why BCC seemed desirable to Bitmain since it would supposedly increase the set of folks that would want an S9 (i.e. BCC-only miners).

I'm guessing they're keeping this "crutch" up only so that people will actually mine the coin. Without it, it seems not a whole lot of people would mine on that chain and thus they're likely keeping this in place just to incentivize people to mine there. Realistically this should've lasted at most a week but it seems like this emergency is extremely prolonged or there's miners involved/incompetent devs.

the problem will show when BTC jumps 20% if it does not rise to about 4350 BCC is the clear coin to mine

viabtc.com

has

btc at 9580ph 3900 usd
bcc/bch at 900ph 500 usd

https://bitinfocharts.com/comparison/bitcoin-difficulty.html#3m

diff is 922
diff is 119

the diff will jump to 1106 for btc

1106/119 9.30 to 1 so 500 x 9.30 = 4650

vs 922/119 7.75 to 1 so 500 x 7.75 = 3875

so right now bcc is 500 btc is 3900

current diff is 7.75 to 1 btc is slightly better to mine

once diff jumps btc to bcc/bch needs to be 4605 to 500 to be better. to mine so we are going to see swings.

viabtc offers auto switching:

so a lot of hash may switch to bcc next jump

maybe bcc prices crashes

or maybe btc price rises

leowonderful

legendary

Activity: 1624

Merit: 1129

Bitcoin FTW!

Quote from: alh on September 13, 2017, 05:06:35 PM

I would have thought the BCC "Emergency Difficulty Adjustment" (as I understand it) would have "expired" by now and it would be back to the normal 2016 block adjustment interval. Right now it appears that BCC still needs this "crutch"?

That seems like a poor situation long term, though maybe the "Emergency" only needs to last a while longer.

I can understand why BCC seemed desirable to Bitmain since it would supposedly increase the set of folks that would want an S9 (i.e. BCC-only miners).

I'm guessing they're keeping this "crutch" up only so that people will actually mine the coin. Without it, it seems not a whole lot of people would mine on that chain and thus they're likely keeping this in place just to incentivize people to mine there. Realistically this should've lasted at most a week but it seems like this emergency is extremely prolonged or there's miners involved/incompetent devs.

alh

legendary

Activity: 1843

Merit: 1050

I would have thought the BCC "Emergency Difficulty Adjustment" (as I understand it) would have "expired" by now and it would be back to the normal 2016 block adjustment interval. Right now it appears that BCC still needs this "crutch"?

That seems like a poor situation long term, though maybe the "Emergency" only needs to last a while longer.

I can understand why BCC seemed desirable to Bitmain since it would supposedly increase the set of folks that would want an S9 (i.e. BCC-only miners).

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

Quote from: fr4nkthetank on September 13, 2017, 09:30:44 AM

Just had a look at the 9 month chart on bitcoinwisdom...wow that is pretty crazy. If bitcoin price goes down to 2500 lets say, and diff keeps truckin` then its safe to say a lot of S7's will be going into retirement.....

Well if coins stay at 3800 and diff jumps 20%

a huge swing will go to BCC/BCH

at the moment

8233ph = BTC coin price is 3900

974ph = BCC/BCH coin price is 514

BTC diff is pushing a big diff jump

BCH diff is flat

8233/974 = 8.45

8.45 x 514 = 4344

so when that big diff jumps for btc if btc is at 3900 and bcc/bch is at 514 a lot of hash will switch to BCC

basically for every 3900 you earn with btc you would earn 4344 for bcc/bch

this is really dangerous may make market nuts.

fr4nkthetank

legendary

Activity: 2294

Merit: 1182

Now the money is free, and so the people will be

Just had a look at the 9 month chart on bitcoinwisdom...wow that is pretty crazy. If bitcoin price goes down to 2500 lets say, and diff keeps truckin` then its safe to say a lot of S7's will be going into retirement.....

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

Quote from: abeandund on September 13, 2017, 01:25:15 AM

bitcoinwisdom seems to be back up

Just in time for a 20% jump Angry

Bitcoin Difficulty:   922,724,699,726
Estimated Next Difficulty:   1,113,847,553,115 (+20.71%)
Adjust time:   After 839 Blocks, About 5.0 days
Hashrate(?):   7,866,242,754 GH/s
Block Generation Time(?):
1 block: 8.5 minutes
3 blocks: 25.5 minutes
6 blocks: 51.0 minutes
Updated:   8:5 (4.6 minutes ago)

abeandund

member

Activity: 124

Merit: 15

bitcoinwisdom seems to be back up

Topic: Diff contest Aug 9 to Aug?.Prize a black sealed Trezor wallet. Picks are closed. (Read 7257 times)