difficulty finally dropping like expected- dramatically.

leowonderful

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Bitcoin FTW!

Quote from: xhomerx10 on October 29, 2016, 08:21:25 AM

Quote from: PremiumCodeX on October 29, 2016, 02:05:51 AM

I am not sure how it will change in the future, but I know the last few batches of BTC will be released over the next few years so we may see some strange changes in future graphs.

Maybe you could clarify what you mean by the last few batches of BTC will be released...
Batches from where? Who is releasing them and from what are they being released? Is it the US Marshal service again?

He's probably talking about when the last few bitcoins are mined, there'll be large difficulty jumps and dumps again like there have been in the last few months. This is pretty much a dead thread already, i'll consider locking in and putting it into archive. No point since the real conversation has ended months ago.

xhomerx10

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Quote from: PremiumCodeX on October 29, 2016, 02:05:51 AM

I am not sure how it will change in the future, but I know the last few batches of BTC will be released over the next few years so we may see some strange changes in future graphs.

Maybe you could clarify what you mean by the last few batches of BTC will be released...
Batches from where? Who is releasing them and from what are they being released? Is it the US Marshal service again?

PremiumCodeX

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Metaverse 👾 Cyberweapons

I am not sure how it will change in the future, but I know the last few batches of BTC will be released over the next few years so we may see some strange changes in future graphs.

Arnoldent

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Quote from: leowonderful on September 13, 2016, 08:12:05 PM

Quote from: Arnoldent on September 12, 2016, 02:42:15 AM

Quote from: QuintLeo on August 14, 2016, 05:43:29 PM

Quote from: mOgliE on August 14, 2016, 05:45:33 AM

Yeah and I don't think even difficulty drop will make mining Worthing it for normal users :/

The difficulty drop is over - the last 2 weeks has seen enough gain to wipe out that short-term drop.

The difficulty is at all time high now. It seems the S9 will drive the difficulty even higher as it is very efficient.

The thread's been deader than the dinosaurs, but yep, difficulty's slowly but surely rising due to the replacement of older miners to S9s. When and if avalon release their A7, expect difficulty to rise at a even quicker pace- I remember just a few months ago when difficulty was at 100bil. What a time Sad

I'm still going steady with my S5s and S7s, sold off the remaining S3's of mine on eBay and various places. Mining's moving at a fast pace

The difficulty is rising faster than 3% on average since the halving. That is due to the running of the S9.

leowonderful

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Bitcoin FTW!

Quote from: Arnoldent on September 12, 2016, 02:42:15 AM

Quote from: QuintLeo on August 14, 2016, 05:43:29 PM

Quote from: mOgliE on August 14, 2016, 05:45:33 AM

Yeah and I don't think even difficulty drop will make mining Worthing it for normal users :/

The difficulty drop is over - the last 2 weeks has seen enough gain to wipe out that short-term drop.

The difficulty is at all time high now. It seems the S9 will drive the difficulty even higher as it is very efficient.

The thread's been deader than the dinosaurs, but yep, difficulty's slowly but surely rising due to the replacement of older miners to S9s. When and if avalon release their A7, expect difficulty to rise at a even quicker pace- I remember just a few months ago when difficulty was at 100bil. What a time Sad

I'm still going steady with my S5s and S7s, sold off the remaining S3's of mine on eBay and various places. Mining's moving at a fast pace

Arnoldent

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Quote from: QuintLeo on August 14, 2016, 05:43:29 PM

Quote from: mOgliE on August 14, 2016, 05:45:33 AM

Yeah and I don't think even difficulty drop will make mining Worthing it for normal users :/

The difficulty drop is over - the last 2 weeks has seen enough gain to wipe out that short-term drop.

The difficulty is at all time high now. It seems the S9 will drive the difficulty even higher as it is very efficient.

QuintLeo

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Quote from: mOgliE on August 14, 2016, 05:45:33 AM

Yeah and I don't think even difficulty drop will make mining Worthing it for normal users :/

The difficulty drop is over - the last 2 weeks has seen enough gain to wipe out that short-term drop.

mOgliE

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Quote from: Tupsu on August 10, 2016, 07:20:43 AM

Quote from: philipma1957 on August 09, 2016, 08:09:35 PM

..
ant miner s-7's at 320 with a psu.

..

the reality is
ant miner s-7's at 320 + a psu for 105 = total set for 425 x 50pc +shipping

Yeah and I don't think even difficulty drop will make mining Worthing it for normal users :/

Arnoldent

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Quote from: QuintLeo on August 09, 2016, 05:59:09 PM

Starting to look like a lot of the drop was related to the short-term BTC price crash caused by the Bitfinex (sp?) hack/theft, not just the halfing.

That is what I think. The next difficulty is expected to increase by 7.4%. That will be another all time high.

Tupsu

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Quote from: philipma1957 on August 09, 2016, 08:09:35 PM

..
ant miner s-7's at 320 with a psu.

..

the reality is
ant miner s-7's at ~~320~~ 310 + a psu for 105 = total set for ~~425~~ 415 x 50pc +shipping

philipma1957

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'The right to privacy matters'

we are dropping so most likely bitmaintech put in all their new s-9's and are now bundling up their old s-7s'

https://bitcointalksearch.org/topic/antminer-s7-psu-with-warranty-for-only-320miner-1580285

ant miner s-7's at 320 with a psu.

so some low power cost guy will buy some the rest will sit and do nothing.

my guess is we end up plus 5% and then go flat next pair of jumps

QuintLeo

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Starting to look like a lot of the drop was related to the short-term BTC price crash caused by the Bitfinex (sp?) hack/theft, not just the halfing.

Karartma1

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https://bitcoinwisdom.com/bitcoin/difficulty

As of today the next mining difficulty will be 6.06% higher than the actual one. Last time I checked yesterday it was 4%
So expect a new higher difficulty once again

leowonderful

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Bitcoin FTW!

Quote from: macedoniantable on August 07, 2016, 12:18:03 PM

Great news for the ones like me who are thinking about getting into mining and we were the ones that thought it was all too late to join into the fouray. Grin

I think the ship hasn't completed sailed away after all. Wink

But it just feels that I am in a dingy trying to catch up with a battleship at this point. Cheesy

Difficulty drops are usually very short but can be pretty dramatic imo (as seen in this thread). That said, it's not enough time for someone to start mining for a profit. If you have electrical rates of more than 0.1$/kwh, you'll barely be in the business no matter how low difficulty is, and even at 0.09 and 0.08 it's still difficult to mine. I personally don't think this drop was as lackluster as others think it was- it was a nice break from the huge spike we had for several months, but unfortunately was most likely caused by a farm phasing out its miners.

macedoniantable

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Great news for the ones like me who are thinking about getting into mining and we were the ones that thought it was all too late to join into the fouray. Grin

I think the ship hasn't completed sailed away after all. Wink

But it just feels that I am in a dingy trying to catch up with a battleship at this point. Cheesy

talks_cheep

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At the rate it's increasing, the hashrate will result in %15-%20 increase in the next dff. It's a jaw dropping rate increase, just look at the graph in bitcoinwisdom. Bitmain certainly has been busy replacing their farm with S9 miners, that's why they haven't offered them for sale, their needs come first. Of course, what did you expect?

xhomerx10

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So all-in-all it was a rather lackluster drop followed by a very quick recovery. It didn't take a week to replace more than the lost power.

Xircom

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Nope it wont. It will increase when farms are switching gear. It looks like Bitmain`s Iceland farm changed to S9`s finally and thats why hash skyrockets right now.

Arnoldent

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According to https://bitcoinwisdom.com/bitcoin/difficulty, the estimated difficulty will drop 7%, quite large.

QuintLeo

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Hashrate is likely to remain flat or continue dropping a bit right now - Bitmain is being VERY slow to bring their next S9 batch to market (probably ran out of chips and their chipmaker's foundry is likely booked SOLID for a while due to many other folks moving to the 14/16nm node - AMD and NVidia GPU availability indicates serious saturation on foundry capasity).

Still no clue where anyone is at on making Bitfury-based miners....

Topic: difficulty finally dropping like expected- dramatically. (Read 4226 times)