Topic: Hash Rate just hit 200 000 000 GH/s! (Read 10847 times)
This is both good and bad as it's harder to mine, but the network is more stable. With Hashlets coming into play, though, mining might become rejuvenated.
It's a shame that little miners are no longer profitable ...
Descentralised mining is at risk here ...
Descentralised mining is at risk here ...
not get profits, even lose money 
Yes, definitively starts time when you need to think if you can be effective with ASIC, I mean still profitable after electricity costs ? Obviously for the few who using eletricity to heat up room in winter, it mean their ASIC, even 1st gen can do the job instead.
Lol I'm sitting here the equator like.. "COME ON GLOBAL WARMING BRING SOME SNOW... LET ME RENT OUT THIS HARDWARE AS HEATING TO THE MASSES" (lol)
not get profits, even lose money
Yes, definitively starts time when you need to think if you can be effective with ASIC, I mean still profitable after electricity costs ? Obviously for the few who using eletricity to heat up room in winter, it mean their ASIC, even 1st gen can do the job instead.
welcome to the world of exahash! only the largest scale mines will be able to survive (and franchisees)
This is making me (and I assume other small miners like me) very nervous about difficulty hikes.
Psshhh.. I'm not even mad anymore... Lost that emotion around 120 Petahash ago lol
haha, it's just make us realize that not worth if we mining with very small rig/hardware,
with that high difficulty
is uselessnot get profits, even lose money
lol bro... 200 Thz is now considered small hardware... Where does that leave us... *stares at warehouse full of hardware* lol
This is making me (and I assume other small miners like me) very nervous about difficulty hikes.
Psshhh.. I'm not even mad anymore... Lost that emotion around 120 Petahash ago lol
haha, it's just make us realize that not worth if we mining with very small rig/hardware,
with that high difficulty
is uselessnot get profits, even lose money
This is making me (and I assume other small miners like me) very nervous about difficulty hikes.
Psshhh.. I'm not even mad anymore... Lost that emotion around 120 Petahash ago lol
This is making me (and I assume other small miners like me) very nervous about difficulty hikes.
Gosh I remember when it was just a fraction of what it is now. How times have changed!!
I thought it would be years and years before we hit exohash, but it looks like that could happen in the next year or so.. this is just incredible..
When I was just getting into purchasing asics, yes, I preordered and waited a year. I did worse and best case scenarios, I never thought we would get to 1k per coin, but i thought 1 petahash would be worse case scenario for the first year of asic mining..
If bitcoin hadn't hit 1k per coin and we were still 20 bucks or lower, Id still be in mining and most of early, lower budget guys would be making a nice living...
while I like the price being in the hundreds of dollars, I hate the fact that businesses with deep pockets seized the opportunity..
When I was just getting into purchasing asics, yes, I preordered and waited a year. I did worse and best case scenarios, I never thought we would get to 1k per coin, but i thought 1 petahash would be worse case scenario for the first year of asic mining..
If bitcoin hadn't hit 1k per coin and we were still 20 bucks or lower, Id still be in mining and most of early, lower budget guys would be making a nice living...
while I like the price being in the hundreds of dollars, I hate the fact that businesses with deep pockets seized the opportunity..
Nominate for the dumbest garbage spilled of the month? year ?
I just saw the picture and wow!! 200 000 000 GH/S !!
God damn it! I quit! I'm pulling the plug. I am done.
I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???
I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???
Did you even check a ROI calculator before you bought a miner? There are several and should be your first stop.
Meh, just 0.2 EH/s.
lol this comment made me spit out my coffee
Only 0.00000002 yottahash nothing to get excited about really.
The danger of having difficulty too high is that if the cost of electricity to run a miner is close to the USD equivalent of BTC that a miner can produce then if the price of BTC were to fall and remain down for several months then miners might start to take their machines offline in mass. This would cause difficulty to sharply decrease, but before that would happen block confirmation times would slow substantially.
Difficulty adjustment occurs about once every two weeks. There would have to be a huge drop in hashrate in a two week period for confirmation times to be affected much.That might happen when the block reward halves in 2016. Everyone knows that's coming. Some will exit mining at that point.
Meh, just 0.2 EH/s.
lol this comment made me spit out my coffee
Not even 1 exahash? Wake me up next year.
You can bet on whether the hash rate will exceed 1 exahash/second by the end of 2014.
We're at 0.2 exahash/second now. It took 5 months to get the last 5x increase in the hash rate. 1 exahash/second by the end of the year is possible, with 4.5 months to go.
Difficulty will go to the MOON!
Difficulty going up is not necessarily good for the bitcoin economy, the price of bitcoin or even bitcoin itself. The main thing that rising difficult is good for is manufactures of miners (as rising difficulty will generally mean they have had higher sales). We're at 0.2 exahash/second now. It took 5 months to get the last 5x increase in the hash rate. 1 exahash/second by the end of the year is possible, with 4.5 months to go.
Difficulty will go to the MOON!
The danger of having difficulty too high is that if the cost of electricity to run a miner is close to the USD equivalent of BTC that a miner can produce then if the price of BTC were to fall and remain down for several months then miners might start to take their machines offline in mass. This would cause difficulty to sharply decrease, but before that would happen block confirmation times would slow substantially.
Though there is some validity to your statements - you are assuming Moore's law wont kick in (which is actually happening right now with hard ware and electricity consumption of the hash as well - and necessity is also the mother of all invention, difficulty goes down... BTC goes up... miners come back online.. Satoshi thought this thing through to levels we haven't even looked at
Meh, just 0.2 EH/s.
Incredible
it looked that asics were all sold but they keep appearing
and hashrate goes to moon when price crash
it looked that asics were all sold but they keep appearing
and hashrate goes to moon when price crash
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