Genesis-mining.com || World's leading hashpower provider! - page 56.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: galdur on December 19, 2015, 08:08:00 AM

Estimated Next Difficulty: 108,481,324,148 (+16.09%)
Adjust time: After 1911 Blocks, About 13.1 days

I think the next rise will not be so high this time.

Currently hashrate at the time of writing this is 643,082,196 GH/s

and yet at the change it was 668,931,642 GH/s

So the hashrate now is lower. Of course this changes all the time but would be suprised if it was a big jump like last time.

But will see

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: galdur on December 19, 2015, 08:08:00 AM

Quote from: clgrissom3 on December 18, 2015, 01:40:40 PM

Up to 12/17/2015...the gap keeps getting wider. In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.

So, after the diff increase of 18% is the payout going to drop by 30-40% now? Bitcoin is on the rise as it has been lately. It´s difficult to understand how the gap is so wide.

Estimated Next Difficulty: 108,481,324,148 (+16.09%)
Adjust time: After 1911 Blocks, About 13.1 days

Use Bitcoin Wisdom..its easy!

Look at their projected next difficulty rise.
Enter it into the calculator at the top right. Remove the commas from the number as it doesnt like the commas.

Then enter 1THs into the box. If you have 1.50 USD per THs contract then subtract 1.50 USD from the calculated amount given.

Take the calculated amount left over and enter that in the USD box. Look at the BTC amount left and that will be roughly what you could get at the next difficulty rise if BTC price stays the same per 1THs.

If you have 0.0012 USD contract, subract 1.20 USD instead or if you have newest 0.00099 USD per THs contract, subtract 0.99 USD instead.

It is so simple to do... Use the features ....

galdur

hero member

Activity: 616

Merit: 500

Quote from: clgrissom3 on December 18, 2015, 01:40:40 PM

Up to 12/17/2015...the gap keeps getting wider. In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.

So, after the diff increase of 18% is the payout going to drop by 30-40% now? Bitcoin is on the rise as it has been lately. It´s difficult to understand how the gap is so wide.

Estimated Next Difficulty: 108,481,324,148 (+16.09%)
Adjust time: After 1911 Blocks, About 13.1 days

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: galdur on December 18, 2015, 11:01:05 PM

According to the graphs being posted the payout falls much more than the difficulty rise even with flat or rising BTC price. Seems kind of strange. How´s that supposed to work? I´m sure that the self-proclaimed paragon of transparency in charge of this outfit has no explanation.

Depends on which maintenance fee too.

Graph will vary depending.

Latest contracts have 0.99 USD per THs where as the poster with the graphs has a 1.50 USD per THs fee I believe.

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: galdur on December 18, 2015, 11:01:05 PM

According to the graphs being posted the payout falls much more than the difficulty rise even with flat or rising BTC price. Seems kind of strange. How´s that supposed to work? I´m sure that the self-proclaimed paragon of transparency in charge of this outfit has no explanation.

I think it could also be because all this hashpower that is being added geting more found blocks than Antpool and the other pools, so payouts on other pools will suffer so that could be way why payouts are going down.

Bitfury adding all this hashpower on whichever pool they are using means that they are getting more share of blocks than before so other pools are getting less.

If i look at my hashnest payouts, they have taken a nosedive recently as well because they are getting less blocks than before

Wintermute

full member

Activity: 178

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Quote from: galdur on December 18, 2015, 11:01:05 PM

According to the graphs being posted the payout falls much more than the difficulty rise even with flat or rising BTC price. Seems kind of strange. How´s that supposed to work? I´m sure that the self-proclaimed paragon of transparency in charge of this outfit has no explanation.

The numbers are correct, I am checking all payouts from time to time. The reason is that there are two terms that define the payout: payout = income - cost

It can be (up to some constants) be described as:

payout = h / D - m / p

h = own hashrate
D = difficulty
m = maintenance fee
p = price

Then it becomes very clear that p and D are in different terms in the equation and there is no reason why there should be a proportional relation between the two (as you implied). As I said, I am checking the payouts on a regular basis, and they are basically correct.

lama-hunter

sr. member

Activity: 266

Merit: 250

Quote from: cancerbola on December 18, 2015, 10:35:47 PM

Damn. The steady difficulty rise will probably be faster than the price of bitcoin. And there's also the maintenance fee. I knew I should had invested into X11 instead :{

How are you X11ers doing? Enjoying your maintenance-free contract?

its not really what you excpected Grin

maybe the new ether will bring you faster roi Wink

regards

galdur

hero member

Activity: 616

Merit: 500

According to the graphs being posted the payout falls much more than the difficulty rise even with flat or rising BTC price. Seems kind of strange. How´s that supposed to work? I´m sure that the self-proclaimed paragon of transparency in charge of this outfit has no explanation.

cancerbola

hero member

Activity: 560

Merit: 501

Supermutated Virulent Microbial Strain

Damn. The steady difficulty rise will probably be faster than the price of bitcoin. And there's also the maintenance fee. I knew I should had invested into X11 instead :{

How are you X11ers doing? Enjoying your maintenance-free contract?

lama-hunter

sr. member

Activity: 266

Merit: 250

Quote from: IanFoxley on December 18, 2015, 01:43:38 PM

Quote from: clgrissom3 on December 18, 2015, 01:40:40 PM

Up to 12/17/2015...the gap keeps getting wider. In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.

Well I think we will have an idea....

wowowesch difficulty eats all the state must be involved or and really global player i think Cheesy

Maybe bitmain got a new chip out Cheesy

regards
lama-hunter

IanFoxley

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Activity: 910

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Quote from: clgrissom3 on December 18, 2015, 01:40:40 PM

Up to 12/17/2015...the gap keeps getting wider. In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.

Well I think we will have an idea....

IanFoxley

legendary

Activity: 910

Merit: 1000

Quote from: Zeta0S on December 17, 2015, 08:08:12 PM

I think in late 2016 the algorithm of ETHEREUM is gonna be X11 right?

From what i know, Ethereum goes from a POW mining coin to POS sometime in the summer, August perhaps, so if you have a contract what will happen is that when the coin stops mining then your contract changes over to X11 for the time that is left of your contract.

All the info about this is written in the contract.

clgrissom3

legendary

Activity: 1736

Merit: 1032

Carl, aka Sonny :)

Up to 12/17/2015...the gap keeps getting wider. In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.

loki0505

hero member

Activity: 494

Merit: 500

Quote from: galdur on December 18, 2015, 12:15:41 PM

Quote from: loki0505 on December 18, 2015, 11:56:26 AM

my bad, i see you put 4hrs...DOH!

After every 2016 bitcoin blocks generated, the difficulty is adjusted to keep the block generation time at 600 seconds. At present, the block time is about 510 sec. so diff is about to increase by around 18%.

What this is about is basically increasing amount of hash chasing a fixed number of blocks per day leading to higher difficulty and vice versa. It takes 12-14 days to generate 2016 blocks so "fixed" is plus or minus as reflected in the block time vs. the 600 sec. during the period.

great info bud...so with us doing cloud mining on genesis....how do you see this effecting the price of btc? More difficult usually means more rare correct? you think it will be stable, or would price go up due to scarcity?

galdur

hero member

Activity: 616

Merit: 500

Quote from: loki0505 on December 18, 2015, 11:56:26 AM

my bad, i see you put 4hrs...DOH!

After every 2016 bitcoin blocks generated, the difficulty is adjusted to keep the block generation time at 600 seconds. At present, the block time is about 510 sec. so diff is about to increase by around 18%.

What this is about is basically increasing amount of hash chasing a fixed number of blocks per day leading to higher difficulty and vice versa. It takes 12-14 days to generate 2016 blocks so "fixed" is plus or minus as reflected in the block time vs. the 600 sec. during the period.

loki0505

hero member

Activity: 494

Merit: 500

my bad, i see you put 4hrs...DOH!

loki0505

hero member

Activity: 494

Merit: 500

Quote from: galdur on December 18, 2015, 11:15:20 AM

Quote from: flagpara on December 18, 2015, 09:41:15 AM

Etherum now?

Well i got a btc lifetime contract few months ago. I'm happy about your offer on a whole but I don't like the very tiny and regular income of cloud mining. I prefer investing in loans in the end I think.

good luck though, even if I don't take this train =3

It´s about to get even tinier still

Estimated Next Difficulty: 93,438,818,301 (+18.12%)
Adjust time: After 28 Blocks, About 4.0 hours

when is the next difficulty as in date/time? sorry i'm a newb at this

galdur

hero member

Activity: 616

Merit: 500

Quote from: flagpara on December 18, 2015, 09:41:15 AM

Etherum now?

Well i got a btc lifetime contract few months ago. I'm happy about your offer on a whole but I don't like the very tiny and regular income of cloud mining. I prefer investing in loans in the end I think.

good luck though, even if I don't take this train =3

It´s about to get even tinier still

Estimated Next Difficulty: 93,438,818,301 (+18.12%)
Adjust time: After 28 Blocks, About 4.0 hours

flagpara

full member

Activity: 756

Merit: 100

Etherum now?

Well i got a btc lifetime contract few months ago. I'm happy about your offer on a whole but I don't like the very tiny and regular income of cloud mining. I prefer investing in loans in the end I think.

good luck though, even if I don't take this train =3

biggbox

sr. member

Activity: 448

Merit: 250

Quote from: loki0505 on December 17, 2015, 11:02:32 PM

Quote from: biggbox on December 17, 2015, 08:28:51 PM

Quote from: loki0505 on December 17, 2015, 05:09:29 PM

agree w/you all! i just purchased some mhs from genesis. as for wallet, i use ethereumwallet.com (online) until i setup my desktop wallet.

Please let us know what desktop ether wallet you use. So far ether don't look friendly yet. Isn't it the same when BTC was just established? haha

I'm using http://www.etherwall.com/

- you download geth and let it sync up first
- then run the application on top

Thanks! I will download it, get an address then log into GM to purchase Ether!

Topic: Genesis-mining.com || World's leading hashpower provider! - page 56. (Read 400228 times)