Topic: Difficulty vs. Value on Mtgox (Read 2532 times)
That's great. Thanks for the chart.
That chart seems odd. Difficulty was never less than 1 and value was never more than 1. How is value/difficulty ever above 1? I guess the units could be in value in cents. Is that it?
Damn you're good. Now everybody's gonna buy these GPUs
PS. Nice catch. Sorry for my mistake. (fixed in the previous post)
That chart seems odd. Difficulty was never less than 1 and value was never more than 1. How is value/difficulty ever above 1? I guess the units could be in value in cents. Is that it?
That's my first post here and I'm new so hello everyone 
I've checked it lately because I was interested, data below is however for the bitcoinmarket.com, not mtgox.
The higher the value, the more profitable it is to mine.
I've checked it lately because I was interested, data below is however for the bitcoinmarket.com, not mtgox.
Code:
2010-05-04 0.000233477876802472
2010-05-19 0.000384088499942779
2010-05-29 0.000269870554617762
2010-06-24 0.000260244937104219
2010-07-05 0.000234030032854582
2010-07-13 0.000351431332017243
2010-07-16 0.000259993085755703
2010-07-26 0.00020473911841001
2010-08-05 0.000162894147688258
2010-08-15 0.000119388745040818
2010-09-28 4.70170684416307e-05
2010-10-12 5.58769421072858e-05
2010-10-21 4.28101750108482e-05
2010-10-30 4.56054331263679e-05
2010-11-09 5.9519168140414e-05
2010-11-18 4.0775321482557e-05
2010-12-09 1.79562523916729e-05
2010-12-21 1.79506410875391e-05
2011-01-02 1.83965325437386e-05
2011-01-15 2.1694745353151e-05
2010-05-19 0.000384088499942779
2010-05-29 0.000269870554617762
2010-06-24 0.000260244937104219
2010-07-05 0.000234030032854582
2010-07-13 0.000351431332017243
2010-07-16 0.000259993085755703
2010-07-26 0.00020473911841001
2010-08-05 0.000162894147688258
2010-08-15 0.000119388745040818
2010-09-28 4.70170684416307e-05
2010-10-12 5.58769421072858e-05
2010-10-21 4.28101750108482e-05
2010-10-30 4.56054331263679e-05
2010-11-09 5.9519168140414e-05
2010-11-18 4.0775321482557e-05
2010-12-09 1.79562523916729e-05
2010-12-21 1.79506410875391e-05
2011-01-02 1.83965325437386e-05
2011-01-15 2.1694745353151e-05
The higher the value, the more profitable it is to mine.
In the long run, the difficulty is likely to be affected by changes in the value of BTC. A higher value will encourage more people to generate, leading to an increase in difficulty level. And vice-versa.
But in recent months, I think much of the difficulty increase is due to the ongoing movement from CPU to GPU mining, which is (in round figures) 50 times more efficient.
If anyone wants to prepare a graph of difficulty vs. MtGox price, it would be interesting.
But in recent months, I think much of the difficulty increase is due to the ongoing movement from CPU to GPU mining, which is (in round figures) 50 times more efficient.
If anyone wants to prepare a graph of difficulty vs. MtGox price, it would be interesting.
What is the relationship between difficulty to solve blocks vs value on MtGox?
Is this historic data available about the difficulty level and prices on MtGox and what does an extrapolation reveal?
At what point does an increased value compensate for the change in difficulty?
Thank you for any thoughts,
Is this historic data available about the difficulty level and prices on MtGox and what does an extrapolation reveal?
At what point does an increased value compensate for the change in difficulty?
Thank you for any thoughts,
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