Difficulty jumps 28% - page 3. | Bitcointalksearch.org

larem

sr. member

Activity: 350

Merit: 250

Quote from: Amph on June 18, 2013, 07:57:50 AM

and 33% decrease in difficulty needs time, to do a re target, in that time those 50tera will be replaced by asic, easily

That's what I'm thinking. Even if the difficulty DID drop, it would rise back up again pretty quick. Many people are just now (or soon) hitting the point where it's no longer profitable. So if difficulty drops down, those will hop right back on the train and push it back up again.

Amph

legendary

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and 33% decrease in difficulty needs time, to do a re target, in that time those 50tera will be replaced by asic, easily

FloridaBear

full member

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Quote from: Shevek on June 17, 2013, 12:02:03 PM

Quote from: FloridaBear on June 17, 2013, 10:50:12 AM

Quote from: caish5 on June 17, 2013, 10:43:40 AM

The latest difficulty predictions are looking like it's going to level off.
Which suits me just fine Wink

Well, I think it's awfully early to project that. All we know for sure is that we increased 28% and then 24%. I would be pretty surprised to see an increase under 10%, though it's possible. We've averaged ~18% for a few months, so a reversion to the mean wouldn't be too surprising. That said, it sure seems like Avalon batch 2/3 will be shipping for awhile, and BFL keeps ramping up shipping. No sign that ASICMINER is slowing their deployment either. The ASIC wave is still building!

There should be a small slow down trend when GPUs disconnect. Mine are switched off since 2~3 weeks. Perhaps actually around 50 TH/s are due to GPUs still working.

Yes, that is probably true. But this is a gradual process, if people have good information and know how efficient their GPUs are. ASICs coming online will likely replace that 50 TH/s rate fairly quickly.

larem

sr. member

Activity: 350

Merit: 250

Quote from: josh_nc on June 17, 2013, 01:18:45 PM

Got a question. I have 2 blades @ 12.5GH/s each. I set 1 miner for both with difficulty 16. Is it the better choice or should I split into 2 miners @ diff 8?
Anyone attempted this?

Both should be the same. The only time you need to change diff is when you are getting a lot of stales, as all it does is bundle more shares into one (layman's term). Ex. at diff 8 you will take 8x longer to submit a share than at diff 1, but you will still get credit for all 8.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: caish5 on June 17, 2013, 11:56:10 AM

You are right of course.
But i think the truly massive rises may be behind us.

Oh, the massive rise is just getting started.

josh_nc

member

Activity: 95

Merit: 10

Got a question. I have 2 blades @ 12.5GH/s each. I set 1 miner for both with difficulty 16. Is it the better choice or should I split into 2 miners @ diff 8?
Anyone attempted this?

larem

sr. member

Activity: 350

Merit: 250

Quote from: FloridaBear on June 17, 2013, 10:50:12 AM

Quote from: caish5 on June 17, 2013, 10:43:40 AM

The latest difficulty predictions are looking like it's going to level off.
Which suits me just fine Wink

Well, I think it's awfully early to project that. All we know for sure is that we increased 28% and then 24%. I would be pretty surprised to see an increase under 10%, though it's possible. We've averaged ~18% for a few months, so a reversion to the mean wouldn't be too surprising. That said, it sure seems like Avalon batch 2/3 will be shipping for awhile, and BFL keeps ramping up shipping. No sign that ASICMINER is slowing their deployment either. The ASIC wave is still building!

As of right now we're 6% through with this round and the difficulty is set to rise less than half a percent. Hopefully it stays like that for a while, :p.

Shevek

sr. member

Activity: 252

Merit: 250

Quote from: FloridaBear on June 17, 2013, 10:50:12 AM

Quote from: caish5 on June 17, 2013, 10:43:40 AM

The latest difficulty predictions are looking like it's going to level off.
Which suits me just fine Wink

Well, I think it's awfully early to project that. All we know for sure is that we increased 28% and then 24%. I would be pretty surprised to see an increase under 10%, though it's possible. We've averaged ~18% for a few months, so a reversion to the mean wouldn't be too surprising. That said, it sure seems like Avalon batch 2/3 will be shipping for awhile, and BFL keeps ramping up shipping. No sign that ASICMINER is slowing their deployment either. The ASIC wave is still building!

There should be a small slow down trend when GPUs disconnect. Mine are switched off since 2~3 weeks. Perhaps actually around 50 TH/s are due to GPUs still working.

caish5

sr. member

Activity: 324

Merit: 250

You are right of course.
But i think the truly massive rises may be behind us.

FloridaBear

full member

Activity: 260

Merit: 100

Quote from: caish5 on June 17, 2013, 10:43:40 AM

The latest difficulty predictions are looking like it's going to level off.
Which suits me just fine Wink

Well, I think it's awfully early to project that. All we know for sure is that we increased 28% and then 24%. I would be pretty surprised to see an increase under 10%, though it's possible. We've averaged ~18% for a few months, so a reversion to the mean wouldn't be too surprising. That said, it sure seems like Avalon batch 2/3 will be shipping for awhile, and BFL keeps ramping up shipping. No sign that ASICMINER is slowing their deployment either. The ASIC wave is still building!

caish5

sr. member

Activity: 324

Merit: 250

The latest difficulty predictions are looking like it's going to level off.
Which suits me just fine Wink

muyuu

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Merit: 1000

Bye bye botnets. Time to move to alt-cons where you belong.

andrewsg

full member

Activity: 154

Merit: 100

Quote from: MooC Tals on June 17, 2013, 01:58:03 AM

Quote from: PuertoLibre on June 16, 2013, 11:28:04 PM

No doubt it will shrink even further to less than 7 days.

2.78% 19339258.00 22356754.47 15.60% 11d 18hr 34m 35s

Just an update:

WTH? Yea why is that? Does the estimated date change as well? Thats weird.. I did not know that changes also.

Because the diff doesn't change after a set time, it changes after a set number of blocks. Also, estimates just after a retarget, such as the ones we are looking at right now - are very unreliable.

Eastwind

hero member

Activity: 896

Merit: 1000

Quote from: MooC Tals on June 17, 2013, 01:58:03 AM

Quote from: PuertoLibre on June 16, 2013, 11:28:04 PM

Quote from: MooC Tals on June 16, 2013, 07:11:04 PM

Quote from: bitmateco on June 16, 2013, 06:52:44 PM

so when is next diff jump??

19339258.00 19877609.94 2.78% 13d 13hr 36m 10s

http://allchains.info/

Four hours have passed and it is now reading as: 11d 7hr 37m 3s

No doubt it will shrink even further to less than 7 days.

2.78% 19339258.00 22356754.47 15.60% 11d 18hr 34m 35s

Just an update:

WTH? Yea why is that? Does the estimated date change as well? Thats weird.. I did not know that changes also.

If you go to http://allchains.info/, you will see the latest estimated difficulty in the next round.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Syke on June 17, 2013, 01:06:08 AM

Quote from: vapourminer on June 16, 2013, 12:59:24 AM

This "if you had kept the BTC..." thing.

I like mining, and have always sold half (or, preferably, directly buy stuff with them) and kept half.

the point of bitcoins is to USE them.

Do you like less bitcoins or more bitcoins? Buying a miner that generates less bitcoins than it cost to purchase it just leaves you with less bitcoins to use.

if you buy a game you have less money, but you gain the entertainment
for some people mining is very funny

MooC Tals

hero member

Activity: 644

Merit: 500

Quote from: PuertoLibre on June 16, 2013, 11:28:04 PM

Quote from: MooC Tals on June 16, 2013, 07:11:04 PM

Quote from: bitmateco on June 16, 2013, 06:52:44 PM

so when is next diff jump??

19339258.00 19877609.94 2.78% 13d 13hr 36m 10s

http://allchains.info/

Four hours have passed and it is now reading as: 11d 7hr 37m 3s

No doubt it will shrink even further to less than 7 days.

2.78% 19339258.00 22356754.47 15.60% 11d 18hr 34m 35s

Just an update:

WTH? Yea why is that? Does the estimated date change as well? Thats weird.. I did not know that changes also.

hl5460

legendary

Activity: 1620

Merit: 1000

news.8btc.com

I actually order a 16-chip avalon (4.5g)at the price of around 400 USD or 4 btc at current rate. I am expecting to mine 4 btc within a year. If btc rate goes up, that would be very helpful to get me refunded earlier than expected.

Crindon

sr. member

Activity: 434

Merit: 250

Quote from: vapourminer on June 16, 2013, 12:59:24 AM

my point was, I get rid of half anyway. that has been my MO from the beginning.

Im in this for fun, supporting network security, buying stuff with bitcoins (directly if possible) and playing with new hardware/tech. and be part of the Grand Experiment.

sure, making money is nice; Im way ahead of the game at this point.

This part is really important to some. I love how my GPUs look and piecing together a new system was fun. I saw the Jalapenos and they looked fantastic, but too bad they are vaporware at this point. The original version that looked like a coaster was really neat.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: Syke on June 17, 2013, 01:06:08 AM

Quote from: vapourminer on June 16, 2013, 12:59:24 AM

This "if you had kept the BTC..." thing.

I like mining, and have always sold half (or, preferably, directly buy stuff with them) and kept half.

the point of bitcoins is to USE them.

Do you like less bitcoins or more bitcoins? Buying a miner that generates less bitcoins than it cost to purchase it just leaves you with less bitcoins to use.

my point was, I get rid of half anyway. that has been my MO from the beginning.

Im in this for fun, supporting network security, buying stuff with bitcoins (directly if possible) and playing with new hardware/tech. and be part of the Grand Experiment.

sure, making money is nice; Im way ahead of the game at this point.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: vapourminer on June 16, 2013, 12:59:24 AM

This "if you had kept the BTC..." thing.

I like mining, and have always sold half (or, preferably, directly buy stuff with them) and kept half.

the point of bitcoins is to USE them.

Do you like less bitcoins or more bitcoins? Buying a miner that generates less bitcoins than it cost to purchase it just leaves you with less bitcoins to use.

Topic: Difficulty jumps 28% - page 3. (Read 11479 times)