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Topic: Diff thread sept 4th. to sept 17th Picks are closed. - page 9. (Read 7287 times)

legendary
Activity: 4172
Merit: 8075
'The right to privacy matters'

We are not going to get to 100 diff and  1000 ph .  before the ½ .

 unless price jacks upwards   quite a bit.

We are already close to a 60 diff and likely to go over 60 at the next adjustment.  I don't see any reason why there cannot be growth to 100 by the middle of next year even at the current Bitcoin price.  There are 23 adjustments until then.

Mining, and the push for faster miners,  will continue before and after the halving.

you don't understand why a builder with 10% of the hash loses money by expanding to 15% of the hash you think he makes more  money if he does that.

the problem is 4-6 guys all have 10 to 15% of the hash each.  they all can build bp and then the other 4-6 guys match them.

So what hey have been doing is swapping  gear with out really expand hash by a ton.

they have s-3's at .75watts  they have s-5s at .50watts  now they have s-7s at .25watts

so they ⅓ their power   so many think they  will 3x their hash .  if the top 6 builders all do this they all gain nothing and they spent money to make the gear.

so they try to ⅓ their power  and 1.5x or 1.2x their hash.

if the top 6 builders do this.  they keep the same share of the network and they spend less on power.

This is what has stopped the crazy growth the last year.

unless your gear is god like say .01 watts a gh and really cheap to build expansion of hash matching your efficiency gain is a loser economically.

so s-5 at .5 and s-7 at .25  for example does not pay to 2x the hash power
 if the other builders can match you.  but if antminer ½ the power and 1.25x the hash   and are matched by the other builders  antminer makes more money.

this is very simple math.
full member
Activity: 203
Merit: 100

We are not going to get to 100 diff and  1000 ph .  before the ½ .

 unless price jacks upwards   quite a bit.

We are already close to a 60 diff and likely to go over 60 at the next adjustment.  I don't see any reason why there cannot be growth to 100 by the middle of next year even at the current Bitcoin price.  There are 23 adjustments until then.

Mining, and the push for faster miners,  will continue before and after the halving.
legendary
Activity: 4172
Merit: 8075
'The right to privacy matters'
next two jumps are important.  two 5% jumps plus the one we had would be a trend that the bigger builders all have better chips and are all retooling. If this occurs we will be at 450ph by  oct 1st and we will then see if the big builders decide to slow growth down again like they did last year.

Or and here is the or do they all say f it and try to out build each other.   I believe they will get us at 60-65 diff and 450-500 ph and then go flat.

I suspect it is much more likely we will get to 100 diff and possibly 1,000 ph before growth goes flat next year.

Both KNC and Bitfury are expecting 16 nm chips to be at 0.07 Joules/Gigahash.  This means miners with at least 3 times better electrical efficiency than current 28nm miners.  

I know there is considerable daily statistical variation but over the last few days the KNCMiners pool seems to have grown considerable.  It will be interesting to see how KNCminers and Bitfury change over the next few months.  See
https://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&t=a

Another period of change is coming whether we like it or not.




  

We are not going to get to 100 diff and  1000 ph .  before the ½ .

 unless price jacks upwards   quite a bit.
legendary
Activity: 1302
Merit: 1068
I hope not. 1k PH would be insane growth. I can't imagine it happening at all.

If it happened it would really suck because i very much doubt BTC would go up to 500$.
full member
Activity: 203
Merit: 100
next two jumps are important.  two 5% jumps plus the one we had would be a trend that the bigger builders all have better chips and are all retooling. If this occurs we will be at 450ph by  oct 1st and we will then see if the big builders decide to slow growth down again like they did last year.

Or and here is the or do they all say f it and try to out build each other.   I believe they will get us at 60-65 diff and 450-500 ph and then go flat.

I suspect it is much more likely we will get to 100 diff and possibly 1,000 ph before growth goes flat next year.

Both KNC and Bitfury are expecting 16 nm chips to be at 0.07 Joules/Gigahash.  This means miners with at least 3 times better electrical efficiency than current 28nm miners.  

I know there is considerable daily statistical variation but over the last few days the KNCMiners pool seems to have grown considerable.  It will be interesting to see how KNCminers and Bitfury change over the next few months.  See
https://data.bitcoinity.org/bitcoin/hashrate/30d?c=m&t=a

Another period of change is coming whether we like it or not.




  
alh
legendary
Activity: 1844
Merit: 1050
It's going to be a wild winter, I wonder when we'll see a negative diff again?

The rainbow colored Unicorn will personally deliver the notice to you.....  Smiley

Actually probably sooner than that, but not a lot.
legendary
Activity: 1274
Merit: 1000
It's going to be a wild winter, I wonder when we'll see a negative diff again?
legendary
Activity: 4172
Merit: 8075
'The right to privacy matters'
next two jumps are important.  two 5% jumps plus the one we had would be a trend that the bigger builders all have better chips and are all retooling. If this occurs we will be at 450ph by  oct 1st and we will then see if the big builders decide to slow growth down again like they did last year.

Or and here is the or do they all say f it and try to out build each other.   I believe they will get us at 60-65 diff and 450-500 ph and then go flat.

Should be fun to watch.
full member
Activity: 203
Merit: 100
There is another possibility other than the Bitmain S7 causing the increase in network hash rate.

It is 6 months since KNC announced the tapeout of their 16 nm chips.  KNC stated in June that they had the 16nm physical chips and that they worked.  Is it possible the hashrate increase is coming from these new chips?  How would we know.  KNC were the first with 20nm Bitcoin miners so they have a track record of leading bitcoin technology.

See for example http://www.kncminer.com/blog/newsarchive
http://www.coindesk.com/kncminer-deploys-next-generation-16nm-bitcoin-asic/

Based on the KNC 0.07 Joules/Gigahash figures a typical 1,600 Watt 16nm miner would run at potentially up to 20 Terrahash/s.  This is better than 3 times the performance of an S7.

Just a thought on what is coming , or may even be here now.







legendary
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
Well, the conspiracy theorist in me says the increased hash is directly from Bitmain turning on those S7s in their data centers.  We were certainly right that the S5+ was nothing more than them liquidating their remaining stock of BM1384 chips.  Imagine the same form factor with the BM1385 chips.  That'd be about 14.6TH/s for 3630W.  Pretty sweet.

Alright, so this upcoming difficulty adjustment is likely going to follow the 5% trend according to my tea leaves and chicken entrails.  Also, Marty McFly paid me a visit earlier and told me so.  I tried to steal the DeLorean, but no such luck - he said he knew I was going to try.  Stupid time travelers... think they know everything.
legendary
Activity: 1029
Merit: 1000
....
So for us to jump 5% for a second time  in a row  4200 s-7's need to go on line.
.....

Very probable that it will happen.
But more interesting times ahead. In about two months we should see more +%.
http://www.coindesk.com/bitfury-completion-16nm-bitcoin-mining-asic/
legendary
Activity: 1456
Merit: 1000
+5% and right now +7% ouch that's hard!  Undecided

I think some machines are kicking on.  I was afraid of this.  Last week was high and not fun for us.

Now this possibly even higher looks like someone is making something.   I wonder if it truly is S7's if so they sure know how to make the units quickly.
legendary
Activity: 1484
Merit: 1004
+5% and right now +7% ouch that's hard!  Undecided
legendary
Activity: 4172
Merit: 8075
'The right to privacy matters'
New thread. Just setting it up.  last thread is here  jumps was 4.98%


https://bitcointalksearch.org/topic/m.12325943


Picks start at block 300.

So we cracked 400 ph this is  about 380,000 s-5's  or around  84,000 s-7's

So for us to jump 5% for a second time  in a row  4200 s-7's need to go on line.



372961 was the starting block for this adjustment.  I could be off 1 block here.
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