Holy difficulty jump, Batman! | Bitcointalksearch.org

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: jeffhuys on September 16, 2013, 04:41:12 PM

Blocks will always come at roughly the same pace, right?

While hashrate is rising so fast, blocks will confirm increasingly faster (up to ~40-50% faster than target speed) as we come closer to difficulty adjustment. Blocks are only ~5-10% faster than target right after a difficulty adjustment. -So, right now, blocks are confirming relatively slow (though still faster than target time). When hashrate levels off in a few months, I think we'll see a lot of threads asking why Bitcoin just became so slow. Cheesy

eleuthria

legendary

Activity: 1750

Merit: 1007

Quote from: cbhelp on September 16, 2013, 07:27:53 PM

Has difficulty ever adjusted down? And if so, when was the last time it happened

Mid-late 2012 it had some drops when the price was on a continued decline.

cbhelp

newbie

Activity: 56

Merit: 0

Has difficulty ever adjusted down? And if so, when was the last time it happened

os2sam

legendary

Activity: 3583

Merit: 1094

Think for yourself

Quote from: jeffhuys on September 16, 2013, 04:41:12 PM

Blocks will always come at roughly the same pace, right?

That is the point of difficulty adjustments.

jeffhuys

sr. member

Activity: 252

Merit: 250

Blocks will always come at roughly the same pace, right?

bitcoiner49er

sr. member

Activity: 457

Merit: 250

Last 4 difficulty increases:
35.89%
29.40%
32.22%
29.56%

Just looks bigger cause we are in triple digits now.

wpgdeez

hero member

Activity: 728

Merit: 500

Yesterday when I was on dotbit.org the last 10 blocks detected were showing at 230 mil! That will suck if the next jump is that huge!

bythesea

full member

Activity: 173

Merit: 101

Depends how it will adjust to the arrival of new miners, but to be hones I don't really see a point in mining with gpu's now when there are so many ASICS out there. Many sold their rigs months ago, same as me.

timk225

hero member

Activity: 955

Merit: 1004

I knew the difficulty would rise, but damn! 86 million to 112 million! Oh snap, those ASICS that people paid big bucks for are becoming more useless by the day..... Grin

I'm mining LiteCoin now, but if my 4 Mhash worth of GPUs were pimping BitCoins to the tune of 4 Ghash, it'd take 70 days to get 1 BTC at this difficulty level. Not.

What do you think the 112 million will become on the next readjustment? 140 million is my guess.

Topic: Holy difficulty jump, Batman! (Read 1593 times)