https://bitcoinwisdom.com/bitcoin/difficulty
Bitcoin Difficulty: 213,492,501,108
Estimated Next Difficulty: 202,256,595,348 (-5.26%)
Adjust time: After 52 Blocks, About 9.0 hours
Hashrate(?): 1,514,129,011 GH/s
Block Generation Time(?):
1 block: 10.4 minutes
3 blocks: 31.1 minutes
6 blocks: 1.0 hours
Updated:
we dropped as low as 586 usd on coinbase last night.
with 52 blocks left we could rollover
ATguy = -6.0
DanielRo = -5.9
wpt1wpt1 = -5.8
testerman = -5.7
vg54dett = -5.6
vapourminer = -5.5
Veves1 = -5.4 vapourminer had -5.5 first
albertamining = -4.9
merelcoin = -4.8
gt_addict = -4.7
HerbPean = -4.2
NeuroticFish = -4.1
we are in the empty zone at the moment.
Topic: Diff thread July 18 to Aug 1st? picks are Now closed! prize = $50 usd - page 2. (Read 8193 times)
August 02, 2016, 05:42:54 AM
August 02, 2016, 03:14:20 AM
18.07.2016 23:22 421344
02.08.2016 08:11 423293
1949 blocks next diff%: -5.79% next diff 201126178721
02.08.2016 08:11 423293
1949 blocks next diff%: -5.79% next diff 201126178721
August 01, 2016, 10:50:52 PM
So Phil right now coinbase is at $602.43.
So two questions will you buy more if it drops under $600.00?
What will a $575 price do to difficulty?
So two questions will you buy more if it drops under $600.00?
What will a $575 price do to difficulty?
1) no I won't buy more if it drops 599.99 or lower. I buy more just over a threshold not just under a threshold. So I just purchased some at $602.43 a coin
2) 575 is not low enough to really drop difficulty by a ton. I think 550 would be better to make FUD and herd shutdowns. But if we go to 577 I will purchase some more coin.
We are at:
https://bitcoinwisdom.com/bitcoin/difficulty
Bitcoin Difficulty: 213,492,501,108
Estimated Next Difficulty: 202,185,139,697 (-5.30%)
Adjust time: After 91 Blocks, About 15.8 hours
Hashrate(?): 1,540,772,916 GH/s
Block Generation Time(?):
1 block: 10.4 minutes
3 blocks: 31.2 minutes
6 blocks: 1.0 hours
Updated: 23:45 (5.2 minutes ago)
https://blockchain.info/blocks/1468813873128
423269 (Main Chain) 2016-08-02 03:33:01
421344 (Main Chain) 2016-07-18 23:22:42
1925 made
14 days = 2016 blocks
3 hours = 18 blocks
10 min = 1 block
2033 made would be 0%
1925/2033-1 = -5.31234%
since it has been past 2 weeks we must be a negative number. but -5 is looking close to what we will be.
Oh to be fully off topic the missing cabinet has arrived and my kitchen will be done this week.
So maybe 7 weeks + or 1 a day.
Really looks good.
August 01, 2016, 10:46:44 PM
So Phil right now coinbase is at $602.43.
So two questions will you buy more if it drops under $600.00?
What will a $575 price do to difficulty?
So two questions will you buy more if it drops under $600.00?
What will a $575 price do to difficulty?
August 01, 2016, 09:53:45 PM
ETH and ETC look better on paper then BTC.
The moment that the bailout fork happened, Ether died. They destroyed immutability and inacted monetary policy to satisfy greed, resulting in loss of trust. At the same time they drew focus to the fact that Eth is far too complex for the JavaScript generation of programmers to correctly develop programs that work as intended.
Eth and Etc are both dead. It just might take a little time for them to become worthless.
That doesn't mean that there's not short term returns to be made. Even Paycoin made money for some people. I got crazy rental prices during that insanity, resulting in guaranteed ROI for my Spondoolies. I never owned any Paycoin though because I never believed in it. I don't believe in Eth either
But back on topic, long term Eth (both forks) has no future. Bitcoin does, as long as we can learn from this mistake and not recreate it.
it is all relative I see btc dying without a fix to the daily transaction cap
you see eth-etc dying due to the fork
I see the eth-etc fork as the simple reality for any coin.
since any coin can agree to do it.
I am not hot on eth-etc as much as I am on the simple fact the crypto-industry needs a gpu coin that allows millions of transaction in a day. not all asic such as the 256 al-gore-rhythm of btc..
basically a coin like btc can do heavy lifting of major transactions and stay with a small daily transaction cap like the 700,000 max now which in practice is really 280,000 to 330,000 a day. we can't survive with those numbers.
well time will tell what happens you could be correct. I could be right . or most likely some other idea will come about .
August 01, 2016, 08:36:26 PM
I guess that I was not too conservative at -7.5% after all. I was really hoping for more downward pressure, but I am sure the price remaining above $600 assisted in that way.
yeah a good quick drop to 550 would scare off more miners next jump.
what we don't need now is any upwards price to 700 or higher as that will encourage higher diff.
there was 400 ph in s-5 or worse gear and 800 ph in s-7 or worse gear.
it would not take much price drop to truly lower the diff a lot.
August 01, 2016, 08:30:57 PM
I guess that I was not too conservative at -7.5% after all. I was really hoping for more downward pressure, but I am sure the price remaining above $600 assisted in that way.
August 01, 2016, 04:06:49 PM
ETH and ETC look better on paper then BTC.
Look better from a profitability standpoint maybe, and maybe from a cost-to-mine standpoint, but as viable digital currencies? I think that only bitcoin can say, right now, that it looks good on paper for that usage. But then again this isn't a speculation thread about viable currencies, it's all about price. 
It's interesting to see almost the same pattern in hash power as before the halving, we're still seeing big drops and then everything coming back at the end of the period. There's obviously a lot going on to drive price and hash power, but underlying it all seems to be some orchestrated effort and coordination between large farms playing with gear.
Sadly we'll likely never know for sure what makes it all happen...
kind of like five blind men and the elephant
real time
423224 (Main Chain) 2016-08-01 21:00:53
421344 (Main Chain) 2016-07-18 23:22:42
1880 blocks made
13 days are 13 x 144 = 1872 blocks
21 hours are 21 x 6 = 126 blocks
40 mins are 4 x 1 = 4
2002 blocks would be 0%
1880/2002 - 1 = -6.0939% real time
not certain but winner looks to be in the range below:
blindminer = -7.1
generalt = -6.8
ingiltere = -6.6
VRobb = -6.5
dukeneptun = -6.3
Psi = -6.2
ATguy = -6.0
DanielRo = -5.9
wpt1wpt1 = -5.8
testerman = -5.7
vg54dett = -5.6
vapourminer = -5.5
Veves1 = -5.4 vapourminer had -5.5 first
albertamining = -4.9
merelcoin = -4.8
gt_addict = -4.7
August 01, 2016, 03:47:50 PM
These are hard times for BTC.
ETH and ETC look better on paper then BTC.
Does not mean that they are better but they look better.
I can buy 8 rx 480's at the ripoff price of 300 each and build 2 four card rigs that WILL do 200mh using 1200 watts
two build cost is around 3200 usd
I can't get 2 s-9s for 3200 more like 4000 using 2700 watts
so more cost more watts and less earnings monthly. with the best basic mining gear available .
If you have an s-7 or an avalon 6 and you are at 8 cent power you are right on the line to a negative miner.
For me I am diverse but a little lite on the coin end and the cash end of BTC ETH and ETC
I have also push my threshold from 10000 to 16000
of which
8000 is asic gear s-9's and plus
5000 is gpu miner gear
2000 is BTC ETH ETC
1000 is cash
and I am not very comfortable as coins and cash is too low
ETH and ETC look better on paper then BTC.
Does not mean that they are better but they look better.
I can buy 8 rx 480's at the ripoff price of 300 each and build 2 four card rigs that WILL do 200mh using 1200 watts
two build cost is around 3200 usd
I can't get 2 s-9s for 3200 more like 4000 using 2700 watts
so more cost more watts and less earnings monthly. with the best basic mining gear available .
If you have an s-7 or an avalon 6 and you are at 8 cent power you are right on the line to a negative miner.
For me I am diverse but a little lite on the coin end and the cash end of BTC ETH and ETC
I have also push my threshold from 10000 to 16000
of which
8000 is asic gear s-9's and plus
5000 is gpu miner gear
2000 is BTC ETH ETC
1000 is cash
and I am not very comfortable as coins and cash is too low
August 01, 2016, 03:07:37 PM
I really want a btc price drop to the 480-550 price range
1. you want btc to be at $480
2. you want bitmain to increase the price of S9
I think both of these would be beneficial to almost nobody, except those who trade stuff back and forth.
a. I want the price of btc to stay stable OR slowly increase.
b. I want bitmain to sell S9 for $1200 because this is what they are worth.
Cheers.
here is how I look at it . i took the risk of early adoption of the s-9 . I had a lot of people say it would never work out.
so far so good.
I do not want
1) btc to drop to 480 usd
2) s-9 to raise to 2500
either one is good for me and both will not happen.
so far bitmaintech has stopped selling s-9's this also works for me.
Basically anything that prevents massive diff increases works better for s-9 owners.
to me the absolute worse thing for btc would be for bitmaintech to open a batch of s-9's at 1200 usd today.
I have accepted that to mine you need 8 cent or lower power to stand a chance which I do have in the solar array. the big problem is I do not have 20 or 30 kwatts of it.
I continue to mine and hope for the best.
and yes coins can go to 2000 usd as that would work for me.
Bitmain stopped selling batches for the moment, but it does not make me think they have stopped S9 production. I can't imagine having a head start on all other companies right not and not be producing gear. They could focus on internal or big sales temporary and that would make no S9's for a certain time period for us hobby miners. I guess I'm kinda a pessimist on it.
If your a optimist you might go to the conclusion they are stuck on production of chips, or researching how to bring down cost's more. These ideas would not make more more new hashing power so likely best for hobby miners in this section... but again I'm not sure what to think.
Bitwisdom is up a bit:
Bitcoin Difficulty: 213,492,501,108
Estimated Next Difficulty: 201,749,088,686 (-5.50%)
Adjust time: After 141 Blocks, About 1.0 days
Hashrate(?): 1,531,566,361 GH/s
And BTC dropped a little on Coinbase. It has slowed the drop and went up slighly but still a decent loss from height of 23 hours of around 636 to around 615 currently.
August 01, 2016, 02:55:23 PM
Looks like a sharp climb back up 
On a plus note its heading for my pick
On a plus note its heading for my pick 
August 01, 2016, 02:32:21 PM
The diff hashrate is back up big time @bitcoinwisdom
August 01, 2016, 01:00:42 PM
I really want a btc price drop to the 480-550 price range
1. you want btc to be at $480
2. you want bitmain to increase the price of S9
I think both of these would be beneficial to almost nobody, except those who trade stuff back and forth.
a. I want the price of btc to stay stable OR slowly increase.
b. I want bitmain to sell S9 for $1200 because this is what they are worth.
Cheers.
here is how I look at it . i took the risk of early adoption of the s-9 . I had a lot of people say it would never work out.
so far so good.
I do not want
1) btc to drop to 480 usd
2) s-9 to raise to 2500
either one is good for me and both will not happen.
so far bitmaintech has stopped selling s-9's this also works for me.
Basically anything that prevents massive diff increases works better for s-9 owners.
to me the absolute worse thing for btc would be for bitmaintech to open a batch of s-9's at 1200 usd today.
I have accepted that to mine you need 8 cent or lower power to stand a chance which I do have in the solar array. the big problem is I do not have 20 or 30 kwatts of it.
I continue to mine and hop for the best.
and yes coins can go to 2000 usd as that would work for me.
Yeah, hope you don't get fudge as much as I have with the S7 batch 1 ...
This is worst investment I made so far.
EDIT: that is exactly what made me not buy any S9 for now
Right! I don't think coin being $480 will work well for even current s9 owners, unless they want to buy more.
I think that phil's scenarios are optimizing for his current situation and plans, not necessarily for most people involved, but this is just my opinion.
So far, everything worked as he anticipated, though.
yeah i wanted the s-5 long slow diff jump to repeat as it was the only way I could earn a profit on the s-9 so far it has happened.
but I will need 2 more months of really flat growth to be pretty sure of profit. So I mentioned a price drop to 480 usd since it kills the s-7 thus dropping diff rates...
there are a lot of ways bitmaintech can play it as bitcoin is now pretty much in their hands.
they could simply build out s-9's like mad and sell them cheap they have the money to do that but I don't see it as a good move on their part.
maybe it is.
August 01, 2016, 12:08:43 PM
I really want a btc price drop to the 480-550 price range
1. you want btc to be at $480
2. you want bitmain to increase the price of S9
I think both of these would be beneficial to almost nobody, except those who trade stuff back and forth.
a. I want the price of btc to stay stable OR slowly increase.
b. I want bitmain to sell S9 for $1200 because this is what they are worth.
Cheers.
here is how I look at it . i took the risk of early adoption of the s-9 . I had a lot of people say it would never work out.
so far so good.
I do not want
1) btc to drop to 480 usd
2) s-9 to raise to 2500
either one is good for me and both will not happen.
so far bitmaintech has stopped selling s-9's this also works for me.
Basically anything that prevents massive diff increases works better for s-9 owners.
to me the absolute worse thing for btc would be for bitmaintech to open a batch of s-9's at 1200 usd today.
I have accepted that to mine you need 8 cent or lower power to stand a chance which I do have in the solar array. the big problem is I do not have 20 or 30 kwatts of it.
I continue to mine and hop for the best.
and yes coins can go to 2000 usd as that would work for me.
Yeah, hope you don't get fudge as much as I have with the S7 batch 1 ...
This is worst investment I made so far.
EDIT: that is exactly what made me not buy any S9 for now
Right! I don't think coin being $480 will work well for even current s9 owners, unless they want to buy more.
I think that phil's scenarios are optimizing for his current situation and plans, not necessarily for most people involved, but this is just my opinion.
So far, everything worked as he anticipated, though.
August 01, 2016, 11:45:23 AM
I really want a btc price drop to the 480-550 price range
1. you want btc to be at $480
2. you want bitmain to increase the price of S9
I think both of these would be beneficial to almost nobody, except those who trade stuff back and forth.
a. I want the price of btc to stay stable OR slowly increase.
b. I want bitmain to sell S9 for $1200 because this is what they are worth.
Cheers.
here is how I look at it . i took the risk of early adoption of the s-9 . I had a lot of people say it would never work out.
so far so good.
I do not want
1) btc to drop to 480 usd
2) s-9 to raise to 2500
either one is good for me and both will not happen.
so far bitmaintech has stopped selling s-9's this also works for me.
Basically anything that prevents massive diff increases works better for s-9 owners.
to me the absolute worse thing for btc would be for bitmaintech to open a batch of s-9's at 1200 usd today.
I have accepted that to mine you need 8 cent or lower power to stand a chance which I do have in the solar array. the big problem is I do not have 20 or 30 kwatts of it.
I continue to mine and hop for the best.
and yes coins can go to 2000 usd as that would work for me.
Yeah, hope you don't get fudge as much as I have with the S7 batch 1 ...
This is worst investment I made so far.
EDIT: that is exactly what made me not buy any S9 for now
August 01, 2016, 11:41:51 AM
I really want a btc price drop to the 480-550 price range
1. you want btc to be at $480
2. you want bitmain to increase the price of S9
I think both of these would be beneficial to almost nobody, except those who trade stuff back and forth.
a. I want the price of btc to stay stable OR slowly increase.
b. I want bitmain to sell S9 for $1200 because this is what they are worth.
Cheers.
here is how I look at it . i took the risk of early adoption of the s-9 . I had a lot of people say it would never work out.
so far so good.
I do not want
1) btc to drop to 480 usd
2) s-9 to raise to 2500
either one is good for me and both will not happen.
so far bitmaintech has stopped selling s-9's this also works for me.
Basically anything that prevents massive diff increases works better for s-9 owners.
to me the absolute worse thing for btc would be for bitmaintech to open a batch of s-9's at 1200 usd today.
I have accepted that to mine you need 8 cent or lower power to stand a chance which I do have in the solar array. the big problem is I do not have 20 or 30 kwatts of it.
I continue to mine and hope for the best.
and yes coins can go to 2000 usd as that would work for me.
August 01, 2016, 10:59:13 AM
I really want a btc price drop to the 480-550 price range
1. you want btc to be at $480
2. you want bitmain to increase the price of S9
I think both of these would be beneficial to almost nobody, except those who trade stuff back and forth.
a. I want the price of btc to stay stable OR slowly increase.
b. I want bitmain to sell S9 for $1200 because this is what they are worth.
Cheers.
August 01, 2016, 02:51:41 AM
We could use a drop to 550 even to 480 usd. That could really drop difficulty a lot.
I purchased 300 worth of coin at 619 a few minutes ago.
at a 480 price 8 cent power is a loser for the s-7
that will knock out some farms
at the current 619 price an s-7 at 10 cent power earns 10 cents a day
I really want a btc price drop to the 480-550 price range
I purchased 300 worth of coin at 619 a few minutes ago.
at a 480 price 8 cent power is a loser for the s-7
that will knock out some farms
at the current 619 price an s-7 at 10 cent power earns 10 cents a day
I really want a btc price drop to the 480-550 price range
I'm still hoping for it to go up in value myself. Today was a drop for sure on Coinbase around 640 dropping to daily low of around 616, which was around 24 dollars. So it was not huge but still decent. But we have gone back up currently on Coinbase to 623 meaning in past 24 hours a drop of 17 or do dollars. So after rebound not a horrible drop.
I have had a busy week so kinda less watching price then I normally do. But I consider myself a long term holder for the most part so dropping is not my goal even in short term. But hard to feel to bad when looking at current bitwisdom:
Bitcoin Difficulty: 213,492,501,108
Estimated Next Difficulty: 199,586,743,634 (-6.51%)
Adjust time: After 237 Blocks, About 1.8 days
Hashrate(?): 1,453,881,284 GH/s
July 31, 2016, 10:34:22 PM
We could use a drop to 550 even to 480 usd. That could really drop difficulty a lot.
I purchased 300 worth of coin at 619 a few minutes ago.
at a 480 price 8 cent power is a loser for the s-7
that will knock out some farms
at the current 619 price an s-7 at 10 cent power earns 10 cents a day
I really want a btc price drop to the 480-550 price range
I purchased 300 worth of coin at 619 a few minutes ago.
at a 480 price 8 cent power is a loser for the s-7
that will knock out some farms
at the current 619 price an s-7 at 10 cent power earns 10 cents a day
I really want a btc price drop to the 480-550 price range
July 31, 2016, 10:31:22 PM
BTC price keeps dropping it is down to 620 on coinbase!
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