Exactly. I personally have seen 6 blocks in 10 minutes and have seen no block in 2 hours lol. 
Variations are normal. We're still on track with block generation, a bit faster than expected though. 
Topic: difficulty jumped another 14.6% (Read 1548 times)
1 block: 10.1 minutes
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
I saw a +50 min block last week - it do happen.
There have been blocks that have been found seconds apart and there have been blocks that have been hours apart. The software tries to enforce an average of 10 minutes. It doesn't guarantee that every block will be found 10 minutes after the previous one.
Exactly. I personally have seen 6 blocks in 10 minutes and have seen no block in 2 hours lol.
1 block: 10.1 minutes
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
I saw a +50 min block last week - it do happen.
There have been blocks that have been found seconds apart and there have been blocks that have been hours apart. The software tries to enforce an average of 10 minutes. It doesn't guarantee that every block will be found 10 minutes after the previous one.
1 block: 10.1 minutes
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
I saw a +50 min block last week - it do happen.
Let's see who taps out first haha. Enjoy the ride down. 
Don't get me wrong, I like bitcoin and mining it, but 2014 is going to suck for miners.
Don't get me wrong, I like bitcoin and mining it, but 2014 is going to suck for miners.
going to?
It has been rough already.
Let's see who taps out first haha. Enjoy the ride down.
Don't get me wrong, I like bitcoin and mining it, but 2014 is going to suck for miners.
Don't get me wrong, I like bitcoin and mining it, but 2014 is going to suck for miners.
speakeron totally agree but right now we are 220 blocks into this run and block generation is only at 9.9 and network hashrate is actually very slightly LOWER than it was at the last diff. change so that alone is unusual.
Hey a guy can dream right?
Hey a guy can dream right?
1 block: 10.1 minutes
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
This gets mentioned pretty much every time there's a difficulty change. Estimates of the next difficulty are always unreliable just after a change because the calculation is being done over just a few blocks and variance can cause wild swings. It'll settle down in a few days.
As for the OP's question: the rise is good because it secures the network just that little bit more.
1 block: 10.1 minutes
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
Which way is north? Is that good or bad?
Where are all the old difficulty prediction threads?
1 block: 10.1 minutes
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
Diff just changed but this is the first time I have ever seen block generation north of the magic ten minute mark. Maybe good news for miners??
I'd bet difficulty growth is starting to level off and the next one rise will be deeply under 10%. Some sites like http://nextdifficulty.com estimate even drop lol
we do see the miners sale price decrease, they did get very rich if using fiat. or selling BTC before it dropped.
ebay:
Mar 05 antminerS1 $1250.
Apr 29 antminerS1 $336. or Less.
AntminerS1 worth ~26% or dropped ~74% in 55 days but it still makes ~$197.00 week gross.- power.
They are selling 1 TH units now for about same price as the 200 Gh unit price a few months ago
so your right the mining fever will not stop.
ebay:
Mar 05 antminerS1 $1250.
Apr 29 antminerS1 $336. or Less.
AntminerS1 worth ~26% or dropped ~74% in 55 days but it still makes ~$197.00 week gross.- power.
They are selling 1 TH units now for about same price as the 200 Gh unit price a few months ago
so your right the mining fever will not stop.
The price drops are reasonable as the difficulty is increasing about 15-20% every 12 days.
3 months ago the difficulty was 2,193,847,870 and now it becomes 8,000,872,136.
we do see the miners sale price decrease, they did get very rich if using fiat. or selling BTC before it dropped.
ebay:
Mar 05 antminerS1 $1250.
Apr 29 antminerS1 $336. or Less.
AntminerS1 worth ~26% or dropped ~74% in 55 days but it still makes ~$197.00 week gross.- power.
They are selling 1 TH units now for about same price as the 200 Gh unit price a few months ago
so your right the mining fever will not stop.
ebay:
Mar 05 antminerS1 $1250.
Apr 29 antminerS1 $336. or Less.
AntminerS1 worth ~26% or dropped ~74% in 55 days but it still makes ~$197.00 week gross.- power.
They are selling 1 TH units now for about same price as the 200 Gh unit price a few months ago
so your right the mining fever will not stop.
I'm sure the difficulty going up isn't great news for a miner especially if they are on the shallow end of the pool.
Is 14.6% jump in difficulty good or bad? I want it to be negative 14.6%. How do I do that?
I highly doubt that we will see a difficulty decrease anytime soon. The diff should be very close to change to 7903017921 in 260 blks
If less hash rate happens then the diff will go down like all other coins, but BTC will be a little slower to react.
it resets every 2016 blocks?
here some meat https://www.alloscomp.com/bitcoin/calculator 8000872135.97
"Next difficulty retarget occurs at block 300383.0 (eta 12.0 days): 9372535642.19 / +17.1% [est.]"
http://bitcoincharts.com/ is showing wrong info. "Estimated 7903017921 in 260 blks"
According to the Blockchain.info, the miners' revenue now stands at $1.85 million per day. It was more than $5 million per day, during December 2013. I think soon we'll be seeing sub-1 million levels.
I don't know maybe .... the last six or so difficulty adjustments?
What as difficulty and price on January 1?
What is the difficulty and price now?
Does this support or contradict your "theory"?
What as difficulty and price on January 1?
What is the difficulty and price now?
Does this support or contradict your "theory"?
i think that everytime the difficulty goes up so does bitcoin because the more it costs the miner to mine the more the coin is going to be sold for ya know
Wow. What? Just look at history, it hasn't gone up when difficulty has gone up.
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