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.
Topic: Difficulty jumps 28% - page 4. (Read 11509 times)
so when is next diff jump??
mostly newbie talk, but interesting none the less 
Personally, I paid for my asic in $ (which I converted to BTC) so I don't care if I earn the BTC back or not, only the $.
If I had paid in BTC (say I earned through mining) then it would be a different story.
If I had paid in BTC (say I earned through mining) then it would be a different story.
I see this a lot, and I think it's kind of a fallacy: You made the decision to buy when BTC was a certain price, and the math told you that you would make back more BTC than you invested. Effectively, you gave up that amount of $ that you could have invested in BTC alone. If you don't earn back the BTC from the miner that you paid on it, it is a worse investment than just buying the BTC in the first place.
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.
Personally, I paid for my asic in $ (which I converted to BTC) so I don't care if I earn the BTC back or not, only the $.
If I had paid in BTC (say I earned through mining) then it would be a different story.
If I had paid in BTC (say I earned through mining) then it would be a different story.
I see this a lot, and I think it's kind of a fallacy: You made the decision to buy when BTC was a certain price, and the math told you that you would make back more BTC than you invested. Effectively, you gave up that amount of $ that you could have invested in BTC alone. If you don't earn back the BTC from the miner that you paid on it, it is a worse investment than just buying the BTC in the first place.
Yeah that's actually a good point now I think about it, maybe I'd have been better off just holding the coins :/
Personally, I paid for my asic in $ (which I converted to BTC) so I don't care if I earn the BTC back or not, only the $.
If I had paid in BTC (say I earned through mining) then it would be a different story.
If I had paid in BTC (say I earned through mining) then it would be a different story.
I see this a lot, and I think it's kind of a fallacy: You made the decision to buy when BTC was a certain price, and the math told you that you would make back more BTC than you invested. Effectively, you gave up that amount of $ that you could have invested in BTC alone. If you don't earn back the BTC from the miner that you paid on it, it is a worse investment than just buying the BTC in the first place.
Avalon has sold more than 250T of chips. We are expecting 500T+ at the end of this year.
Personally, I paid for my asic in $ (which I converted to BTC) so I don't care if I earn the BTC back or not, only the $.
If I had paid in BTC (say I earned through mining) then it would be a different story.
If I had paid in BTC (say I earned through mining) then it would be a different story.
I see this a lot, and I think it's kind of a fallacy: You made the decision to buy when BTC was a certain price, and the math told you that you would make back more BTC than you invested. Effectively, you gave up that amount of $ that you could have invested in BTC alone. If you don't earn back the BTC from the miner that you paid on it, it is a worse investment than just buying the BTC in the first place.
Personally, I paid for my asic in $ (which I converted to BTC) so I don't care if I earn the BTC back or not, only the $.
If I had paid in BTC (say I earned through mining) then it would be a different story.
If I had paid in BTC (say I earned through mining) then it would be a different story.
You guys underestimate how long an ASIC can last after ROI. After I make back ROI in USD($1333), I will only be paying for electricity. Being conservative, say I get 60gh/s @ 300 watts. And I pay on average $0.07 cents per kw/h. The single will cost about $15/month in electricity. At $100/btc, difficulty could jump 300 times the next estimate(19mil) to around 5.7billion before I'm negative. That's a lot of petahashes.
You need to change your perspective from USD-centric to BTC-centric.That way you'll realize, that while your machine paid in USD, it lost in BTC. [You could've profited more if you just bought the BTC for USD]
http://en.wikipedia.org/wiki/Sunk_costs
You guys underestimate how long an ASIC can last after ROI. After I make back ROI in USD($1333), I will only be paying for electricity. Being conservative, say I get 60gh/s @ 300 watts. And I pay on average $0.07 cents per kw/h. The single will cost about $15/month in electricity. At $100/btc, difficulty could jump 300 times the next estimate(19mil) to around 5.7billion before I'm negative. That's a lot of petahashes.
Looks like we are on target for 19.2M difficulty in a couple days...that would be a 23% increase from the current 15.6M. I think these 20+% jumps are the new "normal" for the next few months. As ASIC shipping becomes more "linear," the percent increases may gradually drop after 6 months or so, but it's going to be brutal for awhile.
The rate of increase should drop after December 2013.
I ve asked a refund of my BFL 5gh. By the time i ll get it the difficulty will be too high to make profit with it. Right now it would make sense. But in 6months ot more from now... absolutely not.
Me too. I got a refund for a little single. Difficulty will be 1 billion by the time I receive it.
Looks like we are on target for 19.2M difficulty in a couple days...that would be a 23% increase from the current 15.6M. I think these 20+% jumps are the new "normal" for the next few months. As ASIC shipping becomes more "linear," the percent increases may gradually drop after 6 months or so, but it's going to be brutal for awhile.
I ve asked a refund of my BFL 5gh. By the time i ll get it the difficulty will be too high to make profit with it. Right now it would make sense. But in 6months ot more from now... absolutely not.
illuminati took over btc!
I think we all know who these people are: Templars or even worse those damn Atlanteans from the lost continent. There can be no doubt about this.
Current generation ASICs are like a 8086 (or lower), still LOTS of growth room in them!
hah, we are looking at a order of magnitude yes but don't compare early 80s tech with early 2000s tech (Avalon) and BFL on their 65nm is more 2005 era, BFL failed on power consumption but they are still a pointer to possible performance density for that node. You are looking at around 2x the density per full node shrink so you have 45 nm/32 nm left and then you are suddenly at 22 nm and bleeding edge tech.
also its winter here and my gpus are heating my room as they mine so i dont have to use my electric heater!
take that illuminati lol XDD
take that illuminati lol XDD
so some 'elite' ppl who have accses to avalon are printing money and shitting on thousands of gpu miner while we see our gpus go worthless and its even worthless to buy asics couse its too expensive and most of the time you wont even get it shipped anytime soon.
sounds fishy indeed
illuminati took over btc!
sounds fishy indeed
illuminati took over btc!
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