Difficulty going down - page 3. | Bitcointalksearch.org

opossum

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Quote from: raskul on November 26, 2014, 10:05:17 AM

Quote from: spazzdla on November 26, 2014, 10:02:37 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 ?

I'll mine more coins and that is about it.

of course, i could be wrong it could happen.
And... it would be nice to see a few drops in difficulty, because it would mean that all those ponzi 'cloud mining' operations will have to pay more to their victims.
a few serious drops in difficulty and we will soon see which of those are legitimately mining and which are only in it to run with the bulk of profit and disappear into oblivion.

I don't think we will ever see any serious drops in difficulty as there are too many miners who are just barely unprofitable so when the difficulty would drop the owners of such miners would bring them back online.

The only exception to this would be when we get much closer to when the block subsidy halves again

raskul

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Quote from: spazzdla on November 26, 2014, 10:02:37 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 ?

I'll mine more coins and that is about it.

of course, i could be wrong it could happen.
And... it would be nice to see a few drops in difficulty, because it would mean that all those ponzi 'cloud mining' operations will have to pay more to their victims.
a few serious drops in difficulty and we will soon see which of those are legitimately mining and which are only in it to run with the bulk of profit and disappear into oblivion.

spazzdla

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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 ?

I'll mine more coins and that is about it.

notme

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Merit: 1002

What it means is that we can finally find our price bottom. That doesn't happen until difficulty tapers and the inefficient miners are flushed out.

opossum

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Quote from: FUR11 on November 22, 2014, 09:00:20 AM

This is an interesting, and to a certain extent even scary, thing to happen! This hasn't happened for almost 2 years now. But it is essentially due to the price going down and no next-generation hardware coming online at the moment. The difficulty, like Bitcoin in general, is self-regulating, so there shouldn't be anything too bad coming out of this!

The difficulty actually went down twice in late 2013 (I believe it was around the time the price had crashed).

It would however be the first time it declined in 2014.

I would say a difficulty decline would certainly be good for all the miners, especially the cloud mased miners

FUR11

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FURring bitcoin up since 1762

Quote from: raskul on November 22, 2014, 09:05:03 AM

Quote from: FUR11 on November 22, 2014, 09:00:20 AM

This is an interesting, and to a certain extent even scary, thing to happen! This hasn't happened for almost 2 years now. But it is essentially due to the price going down and no next-generation hardware coming online at the moment. The difficulty, like Bitcoin in general, is self-regulating, so there shouldn't be anything too bad coming out of this!

no it's not the first time in 2 years for difficulty to drop to a minus in the first few days of a new difficulty. it happened in october and i very much doubt that we will see a drop in difficulty this turn. but hey, carry on with your wankfest if that's what thrills you.

I gotta ask... how is this a 'wankfest' Huh

But to elaborate: If the projected difficulty goes down after an adjustment, it doesn't mean anything for the actual difficulty that is in place. It's just a projection. So yeah, the difficulty hasn't gone down a single time since at least April 30 2013: https://bitcoinwisdom.com/bitcoin/difficulty (too lazy to find a longer history, but you get the gist, I hope)

raskul

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Quote from: FUR11 on November 22, 2014, 09:00:20 AM

This is an interesting, and to a certain extent even scary, thing to happen! This hasn't happened for almost 2 years now. But it is essentially due to the price going down and no next-generation hardware coming online at the moment. The difficulty, like Bitcoin in general, is self-regulating, so there shouldn't be anything too bad coming out of this!

no it's not the first time in 2 years for difficulty to drop to a minus in the first few days of a new difficulty. it happened in october and i very much doubt that we will see a drop in difficulty this turn. but hey, carry on with your wankfest if that's what thrills you.

FUR11

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Activity: 378

Merit: 250

FURring bitcoin up since 1762

This is an interesting, and to a certain extent even scary, thing to happen! This hasn't happened for almost 2 years now. But it is essentially due to the price going down and no next-generation hardware coming online at the moment. The difficulty, like Bitcoin in general, is self-regulating, so there shouldn't be anything too bad coming out of this!

yayayo

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Difficulty going down means that we're approaching miners' break even point.

It won't be profitable for most miners to generate bitcoin below the current price level. So I think it will support price in the mid- / longterm.

But maybe the price will head lower temporarily due to the winter heating season... Cheesy

ya.ya.yo!

raskul

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Merit: 250

Quote from: POM on November 21, 2014, 06:10:33 PM

Is it time to fire up my Jalapeno again guys?

i've got everything running except my garden blades, for winter.
don't care about difficulty or price, all I want is a warm house, the btc dust is a bonus Grin

POM

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Is it time to fire up my Jalapeno again guys?

inca

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Quote from: zimmah on November 21, 2014, 12:46:48 PM

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.

Why would the bear market take another year? I don't think any bear market lasted almost 2 full years in bitcoin, why would this one?

So he can buy in lower of course.

im0rtel

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Quote from: freedomno1 on November 21, 2014, 12:56:47 PM

It just means it finally balanced out

bitcoin balancing out ? i dont think so sir.

maybe this is a small window of relaxation in the bitcoin network.

but balancing out ? come on , this is bitcoin you are talking about . volatilily is its middle name.

balance would be something highly desired but this is only a mirage...

it will either plumet to the ground in price and difficulty or skyrocket to the moon in price and difficulty.

devphp

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Quote from: piramida on November 21, 2014, 12:54:23 PM

Quote from: devphp on November 21, 2014, 12:49:19 PM

Quote from: zimmah on November 21, 2014, 12:46:48 PM

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

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.

Why would the bear market take another year? I don't think any bear market lasted almost 2 full years in bitcoin, why would this one?

Basically, the bigger the bubble of the bull market, the longer it takes for the bear market to return to the fair value price.

And by bigger you mean exactly what? The biggest bubble so far was in 2011, when the price grown about 30x in a couple of months and retracted to 2x in a year. That last one was only 12x and retracted to 3x in a year, so it should've been over by now.

I guess it just never repeats any patterns. The bull of 2013 was a run of 15x which retracted to 4x in half a year, so it is not at all predictable.

Not the relative price rise, but the absolute price rise has been massive in 2013, this takes time to purge and shake out weak hands.

freedomno1

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Learning the troll avoidance button :)

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 just means it finally balanced out
It's been a giant rollercoaster for quite some time
Seeing it in a normal range is normal for most cases Grin

It's just were used to hyper growth of difficulty for miners it means stable ROI lol.

piramida

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Borsche

Quote from: devphp on November 21, 2014, 12:49:19 PM

Quote from: zimmah on November 21, 2014, 12:46:48 PM

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

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.

Why would the bear market take another year? I don't think any bear market lasted almost 2 full years in bitcoin, why would this one?

Basically, the bigger the bubble of the bull market, the longer it takes for the bear market to return to the fair value price.

And by bigger you mean exactly what? The biggest bubble so far was in 2011, when the price grown about 30x in a couple of months and retracted to 2x in a year. That last one was only 12x and retracted to 3x in a year, so it should've been over by now.

I guess it just never repeats any patterns. The bull of 2013 was a run of 15x which retracted to 4x in half a year, so it is not at all predictable.

devphp

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Activity: 336

Merit: 260

Quote from: zimmah on November 21, 2014, 12:46:48 PM

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

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.

Why would the bear market take another year? I don't think any bear market lasted almost 2 full years in bitcoin, why would this one?

Basically, the bigger the bubble of the bull market, the longer it takes for the bear market to return to the fair value price.

zimmah

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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.

Why would the bear market take another year? I don't think any bear market lasted almost 2 full years in bitcoin, why would this one?

Biodom

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Quote from: im0rtel on November 21, 2014, 10:10:18 AM

hmm so the price is droping , difficulty is droping. all this means nothing for the future of bitcoin? people turning off their miners , people losing faith in the "bitcoin to the moon " dream . all this means nothing ?
it has hapened before and it looks like this is going to happen again. this time the effects might be more severe.
the estimate difficulty drop this morning was 1.07 % and now is at 1.31 %. now i dont see where that recovery is . to me the dificulty is sliding down as time passes.

Difficulty might drop 50% if BTC goes to $100-150. That size difficulty drop was what marked Nov 2011 bottom.
History rhymes?

im0rtel

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hmm so the price is droping , difficulty is droping. all this means nothing for the future of bitcoin? people turning off their miners , people losing faith in the "bitcoin to the moon " dream . all this means nothing ?
it has hapened before and it looks like this is going to happen again. this time the effects might be more severe.
the estimate difficulty drop this morning was 1.07 % and now is at 1.31 %. now i dont see where that recovery is . to me the dificulty is sliding down as time passes.

Topic: Difficulty going down - page 3. (Read 5649 times)