Difficulty going down - page 2. | Bitcointalksearch.org

raskul

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Quote from: Brewins on December 03, 2014, 07:29:17 AM

Not really a surprise.

It still profitable for those that already have mining hardware, but it is not worth to buy new hardware to mine BTC at current difficult

i beg to differ. if all you can see if the current price of BTC, then you really should have gotten out of mining at this time last year.

Brewins

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Not really a surprise.

It still profitable for those that already have mining hardware, but it is not worth to buy new hardware to mine BTC at current difficult

im0rtel

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Activity: 351

Merit: 252

this is a historical moment . difficulty actually droped for real and it looks like it will drop again in two weeks.

dropt

legendary

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Quote from: GreenCoin22 on December 02, 2014, 11:42:13 PM

it means few and few people are mining?

No, it just means that either:

a) Very little new HW is being added to the network; or
b) Old HW being taken off the network is more-or-less equivalent to the power of new HW being added to the network.

One should not infer as to whether it is a change in number of participants.

GreenCoin22

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it means few and few people are mining?

1Referee

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Quote from: cr1776 on December 02, 2014, 07:48:50 PM

Quote from: 1Referee on December 02, 2014, 07:16:55 PM

I missed it, did the difficulty increase or decrease?

It shows now +0.92% estimated for next difficulty.

Down slightly.

From
40,300,030,328
to
40,007,470,271

The next estimate is up: 40,373,823,121 (+0.92%)
(Although given it has only been a few hours, that is highly unreliable.)

That's nice, lot's of people are happy right now.

I think just before the end of this year the difficulty will be at least 10% higher than current level.

cr1776

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Quote from: 1Referee on December 02, 2014, 07:16:55 PM

I missed it, did the difficulty increase or decrease?

It shows now +0.92% estimated for next difficulty.

Down slightly.

From
40,300,030,328
to
40,007,470,271

The next estimate is up: 40,373,823,121 (+0.92%)
(Although given it has only been a few hours, that is highly unreliable.)

1Referee

legendary

Activity: 2170

Merit: 1427

I missed it, did the difficulty increase or decrease?

It shows now +0.92% estimated for next difficulty.

raskul

sr. member

Activity: 434

Merit: 250

i reckon -0.78%

1Referee

legendary

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Quote from: Nagle on December 02, 2014, 01:26:12 PM

At 5 hours to go, the next difficulty change is going to be very close to zero. The current prediction is -0.44%.

Let's see if we will see a difficulty decrease today, few days ago it was over -2%.

Currently with around 2,5 hours left it's at -0.62 but I think it will end up just over 0%.

Nagle

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At 5 hours to go, the next difficulty change is going to be very close to zero. The current prediction is -0.44%.

freedomno1

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Learning the troll avoidance button :)

Quote from: Nagle on November 30, 2014, 02:51:09 PM

At 2 days to go, the next difficulty change looks like it's going to be very close to zero.

It's a tough call I'm thinking it might go negative
But at present it is streaming just a smidge above that in the positive increases, still could go either way
A farm going offline for a day to do maintenance etc could push it negative.

Nagle

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At 2 days to go, the next difficulty change looks like it's going to be very close to zero.

im0rtel

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Activity: 351

Merit: 252

sgbett , where do you see me in this thread sugesting that bitcoin is doomed and what does that have to do with this thread?
your offtopic has no place here . do you like trolling ? go somewere else .

on topic : after 10 days the dificulty has slightly recovered . still watching.

raskul

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Activity: 434

Merit: 250

worry thee not my friend. i have no idea either Cheesy

sgbett

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Spending time to get $0.06 worth of bitcoins on "Win free bitcoins every hour' ?

What could this mean to the credibility of the OP's suggestion that bitcoin is doomed? The OP is still scraping the barrel for the tiniest amount of BTC?

People have posted that they think bitcoin is fail before whilst still buying and holding? Perhaps this time it could be no different?

Could writing what I believe in the form of questions, really hide that fact its just what I think?

Could the OP be suffering from massive brainfarts?

Could I be hungry? Could it be that I might go have a bite to eat? Could eating satisfy hunger?

Could all these interesting facts and more be found in this newsworthy and insightful thread? Could this actually be a total wast of time?

Could the difficulty go down a little bit following an exponential growth curve beyond the likes of what anyone could have considered possible?

Could some people who are no longer earning BTC with legacy hardware turn off their miners, to cut their electricity bills?

What could this all possibly mean, do I have no idea?

raskul

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Activity: 434

Merit: 250

Quote from: Thylacine on November 30, 2014, 02:51:15 AM

OP's link now shows a small difficulty increase for next adjustment

i knew that it had to be too good to be true

Not Til Block Halving™

Thylacine

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OP's link now shows a small difficulty increase for next adjustment

STT

legendary

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Quote from: devphp on November 21, 2014, 04:58:51 AM

Quote from: im0rtel on November 21, 2014, 04:42:44 AM

Quote from: raskul on November 21, 2014, 04:38:33 AM

it won't happen.

hypoteticaly speaking ... what if it does happen ?

It's just another indication of the bear market, which started at the beginning of 2014 and in all likelihood will go on for another 11-12 months.

Deflation can occur while growth in market takes place which would mean bitcoin is rising in total value. Price alone doesnt tell us even though personally we might prefer the price to rise so that we naturally can hold and gain. This doesnt mean that bitcoin overall is not going to do better at a lower price, thats why the free market is superior to anything manipulated, often individual bias is not conclusive to growth. In the end we all want bitcoin to be stronger and more widely used, if lower price is what is needed then great; mostly the greater worry is that its not going to be used at all

I agree difficulty is unlikely to go down, that was more often with a majority of personal small mining was the case

thezerg

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Quote from: thezerg on September 18, 2014, 09:48:24 PM

Are we feeling the pain yet? Cheesy

This is what I think; its total speculation. Miners have been holding a significant portion of their supply hoping for an upwards bounce. But those coins eventually needed to be sold to make ends meet. Essentially you can think of it like these miners were leveraged long (borrowing $ from their own bills that must be paid). As the price slowly dropped, we approached the line where certain miners had to sell to make sure they could keep the electricity on. This became a cascading effect, driving a rapid price descent.

I'm waiting for the hash rate graph to flinch. This will indicate that some miners are shutting off units, which will tell me that we are approaching the marginal cost to produce a coin. Shutting off miners will reduce supply, and likely indicate a bottom since utility (as measured by metrics like transactions to new addresses) is still increasing.

Topic: Difficulty going down - page 2. (Read 5657 times)