Topic: Jan 12th to Approx Jan 27th diff thread (3.5%) - page 6. (Read 5944 times)

well btc at 180 usd and a  diff of 45 to 73 I turn a profit.

Well as long as BTC stays below $200 there is no such thing as ROI, even on the most efficient miners and on cheap electric. If this keeps up I suspect some huge farms will be coming down soon which will have to decrease the difficulty. Sounds like a strategy similar to what OPEC is doing. Lower the prices to find a bottom that will cause miners to shut down...

Thank you.  I do appreciate you taking over for  a while.  My wife and I just came back from her brother's place in NYC and he is getting better from his cancer surgery.

 I am getting a new s-5 today and will be posting some fan setups's over the next two days on the s-5 review thread.


Back to diff and btc price.

coin base price is 196

http://www.bitcoincharts.com/   has a small drop (-0.901%)


Blocks   338937
Total BTC   13.723M
 
Difficulty   43971662056
Estimated   43257172381 in 1767 blks
 
Network total   328382.484 Thash/s
Blocks/hour   6.26 / 575 s


these prices have really set the industry on notice .  The golden goose can be killed off.

We had a 19000 coin theft beginning of the year.  We had the paycoin attack on bitcoin  which is what it was.  While the coin failed the attack was a success.     Whatttt!    yeah paycoin bleed 10 percent of btc's hash power on a pipe dream coin.

Now think this over for a minute GAW/Zen/paycoin/Josh    (boy Josh comes up with some bad  companies , I know a different Josh)

They pulled a ton of hash power off the BTC network.    So Microsoft/Dell/Warren Buffet/Intel/Walmart/amazon/McDonalds /Visa/Paypal all sit down in a room

they say Digital coin's have a value as a pay system  lets make NEW COIN.    They make new coin as paycoin said it would be.  It would really hurt Bitcoin.

I think a lot of big money people saw how a "Josh" was able to lower the entire btc network by over 10 % for 10 days or so on hype alone.
Paycoin's setup shows the way to beat the fuck out of btc.  I think it has panicked a few holders  into selling off big coinage.
     We may see under 150 usd by the end of the month as the new normal.

If BTC stays below $200 we should see a 10%+ drop, if not this cycle then the next.

lets keep this one free of any 'serious'-ness....

my guess: -8%

Still a lot of time left but looking good:

Bitcoin Difficulty:    43,971,662,056
Estimated Next Difficulty:    43,858,960,330 (-0.26%)
Adjust time:    After 1767 Blocks, About 13.1 days
Hashrate(?):    301,329,770 GH/s
Block Generation Time(?):    
1 block: 10.6 minutes
3 blocks: 31.9 minutes
6 blocks: 1.1 hours

Also I appolgize for having to do a moderated thread this week.  Just trying to keep it civil and about mining.

Doing this again to help.  Phil is more then welcome to take back his difficulty threads at any time.

After last week it's looking a little better this week:

Bitcoin Difficulty:    43,971,662,056
Estimated Next Difficulty:    45,493,398,715 (+3.46%)
Adjust time:    After 1995 Blocks, About 14.6 days
Hashrate(?):    297,824,921 GH/s
Block Generation Time(?):   
1 block: 10.6 minutes
3 blocks: 31.6 minutes
6 blocks: 1.1 hours

It is a moderated thread as name slinging was effecting last thread.  Please keep anti-mining, people bashing, etc out of thread.

As always Happy Mining!