Topic: Difficulty = 567358 - page 2. (Read 5309 times)
I wonder if anyone has correlated the price increases yet with the difficulty factor? Surely this will relate in some way....
Well, that is not my assumption! These are rough facts taken from http://blockexplorer.com.
Just noticed that before difficulty increase the network total spped was ~ 5.7 Thash/s and now it is ~ 7.5 Thash/s!!!
What are those machines that do such a huge influx to the network? Or is it again a calculation mistake?
Just noticed that before difficulty increase the network total spped was ~ 5.7 Thash/s and now it is ~ 7.5 Thash/s!!!
What are those machines that do such a huge influx to the network? Or is it again a calculation mistake?
Yeah, I was wondering that too, yesterday the pool was hovering around 4-4.5 TH/sec and this morning it's up to almost 7.6 TH/sec. On the plus side, all those people freaking out about Deepbit closing in on 50% of the network power at 2 TH/sec can stop worrying...
http://mtgoxlive.bco.in/orders <-- difficulty increase, and BAM! 1.2 USD more... 
I'm curious to see how this effects the market.
As for now 1BTC=$19.2 on MtGox
I bet next jump will be to >10^6
I bet 800 - 850k.
They could just take the time between last block + this block and calculate which hashrate you'd need to solve it theoretically in exactly this amount of time.
Very lucky short rounds would cause huge spike though, so these numbers then would need to be averaged out again, but it would handle difficulty changes very well + fast.
Could be even done on historic blockexplorer date quite easily. Anyone up for an afternoon challenge?
Very lucky short rounds would cause huge spike though, so these numbers then would need to be averaged out again, but it would handle difficulty changes very well + fast.
Could be even done on historic blockexplorer date quite easily. Anyone up for an afternoon challenge?
1044054.51192240 now....
but if the price keeps going up, earning less BTC is OK...
but if the price keeps going up, earning less BTC is OK...
It's due to the way the estimate is calculated.
The script basically looks at the number of blocks found in the last x hours (24? 12? don't know), and assumes they all had a difficulty of the *CURRENT* difficulty, although the current difficulty is now ~30% higher than yesterday. So the script "thinks" those blocks from yesterday were just as difficult to find as today. Of course, they were actually easier to find, so the script overestimates the current network hashrate. Because it thinks the hashrate is higher, it will also estimate a much higher difficulty.
The script basically looks at the number of blocks found in the last x hours (24? 12? don't know), and assumes they all had a difficulty of the *CURRENT* difficulty, although the current difficulty is now ~30% higher than yesterday. So the script "thinks" those blocks from yesterday were just as difficult to find as today. Of course, they were actually easier to find, so the script overestimates the current network hashrate. Because it thinks the hashrate is higher, it will also estimate a much higher difficulty.
According to http://blockexplorer.com/q/estimate the next difficilty would be MONSTROUS 2269081.63275582!!!
I hope there is a mistake somewhere...
I hope there is a mistake somewhere...
This happens all the time after difficulty jumps. It is due to the way it's calculated. Give it 12-24 hours to readjust - then you'll see real estimation. Also, if you noticed total hashing power is displayed as >7Th/s which is nonsense. We "only" have about 4.5
Calmed me down a little))
According to http://blockexplorer.com/q/estimate the next difficilty would be MONSTROUS 2269081.63275582!!!
I hope there is a mistake somewhere...
I hope there is a mistake somewhere...
how does that work? what I see is 771795.76943028
Uhhhh! Indeed it is O_o
I sware it showed that number!
I hope you're wrong about that.
That would be 400% ?
Hypothetically, if an increase like that occurred, how long would it take to go back down assuming drastically slowed production of blocks ?
That would be 400% ?
Hypothetically, if an increase like that occurred, how long would it take to go back down assuming drastically slowed production of blocks ?
It's my understanding that 400% is the maximum increase.
And as for how long it would take to go back down - it wouldn't, unless people stopped mining. If difficulty and hashing power were in balance then the difficulty wouldn't change. And if the next jump in difficulty were 400% then that would suggest that there was even more extra hashing power in the network (because the chances that the amount of hashing power in the network warranted exactly the maximum increase in difficulty is pretty small).
EDIT: current estimate of next difficulty is 771795, "only" a 36% increase
Well, that is not my assumption! These are rough facts taken from http://blockexplorer.com.
Just noticed that before difficulty increase the network total spped was ~ 5.7 Thash/s and now it is ~ 7.5 Thash/s!!!
What are those machines that do such a huge influx to the network? Or is it again a calculation mistake?
Just noticed that before difficulty increase the network total spped was ~ 5.7 Thash/s and now it is ~ 7.5 Thash/s!!!
What are those machines that do such a huge influx to the network? Or is it again a calculation mistake?
According to http://blockexplorer.com/q/estimate the next difficilty would be MONSTROUS 2269081.63275582!!!
I hope there is a mistake somewhere...
I hope there is a mistake somewhere...
This happens all the time after difficulty jumps. It is due to the way it's calculated. Give it 12-24 hours to readjust - then you'll see real estimation. Also, if you noticed total hashing power is displayed as >7Th/s which is nonsense. We "only" have about 4.5
According to http://blockexplorer.com/q/estimate the next difficilty would be MONSTROUS 2269081.63275582!!!
I hope there is a mistake somewhere...
I hope there is a mistake somewhere...
how does that work? what I see is 771795.76943028
I hope you're wrong about that.
That would be 400% ?
Hypothetically, if an increase like that occurred, how long would it take to go back down assuming drastically slowed production of blocks ?
That would be 400% ?
Hypothetically, if an increase like that occurred, how long would it take to go back down assuming drastically slowed production of blocks ?
According to http://blockexplorer.com/q/estimate the next difficilty would be MONSTROUS 2269081.63275582!!!
I hope there is a mistake somewhere...
I hope there is a mistake somewhere...
I bet next jump will be to >10^6
I bet 800 - 850k.
Before the last reset we saw rapid growth in hashing rate, and then a significant drop off after the reset. Once again the hashing rate grew significantly before today's reset to a higher level. Is this the effect of casual miners losing interest when the difficulty resets?
Time to throw another 6950 into the mix. It's a decent room heater as a bonus (winter here).
Time to throw another 6950 into the mix. It's a decent room heater as a bonus (winter here).
This was easy because price stagnated for a while. I bet next jump will be to >10^6
))
Waiting for HD 7990 with 6400 ALUs!
Waiting for HD 7990 with 6400 ALUs!
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