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Topic: June 28th to July 12th Difficulty thread. Picks are closed!! - page 3. (Read 6696 times)

legendary
Activity: 1456
Merit: 1000
So sad when a good conspiracy theory gets busted by something more mundane (i.e. facts).   Smiley

Don't worry I'm sure there are more conspiracy's to come.   We never lack those Smiley

The difficulty is looking nicer and nicer.

Bitcoin Difficulty:    49,402,014,931
Estimated Next Difficulty:    50,747,107,783 (+2.72%)
Adjust time:    After 281 Blocks, About 1.9 days
Hashrate(?):    355,502,608 GH/s
alh
legendary
Activity: 1846
Merit: 1052
So sad when a good conspiracy theory gets busted by something more mundane (i.e. facts).   Smiley
legendary
Activity: 1174
Merit: 1001
How much can we get this +% difficulty adjustment down in the next 2 days?  Hopefully under 1%!
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
they altered block size did one block at 974.5kb then looked like they crashed for 8 hours or so.  seems to be back up and now running 974.5kb blocks vs 135kb blocks
legendary
Activity: 1456
Merit: 1000
Bitfury pool luck plummeted; nothing for 6 whole hours.
https://www.blocktrail.com/BTC/pool/bitfury/

maybe they had a meltdown Undecided


they could stay offline for a while

Know the feeling.
Hope they're just trying to keep the diff down, though

edit, add: http://www.coindesk.com/bitcoin-miner-bitfury-rasies-20-million/

Appears they are back up and hashing.  So was some bad luck or temporary problem it would seem.   Last 2.5 hours or so are where something kicked back on or them
alh
legendary
Activity: 1846
Merit: 1052
It would seem that this "timing" or "gaming" of the hash rate can't work long term. Somebody (e.g. SFARDS or 21 Inc) decides to start mining, then either the network grows as a result, or somebody else has to "make room". Seems kinda like OPEC, and then a new oil producing country decides to join in.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
if you are a big player  on the mining side  fast growth of the network is not needed.  exactly what has happened  since the fall under 2% growth per diff adjustment works well.

legendary
Activity: 1638
Merit: 1005
Personally, I think someone is playing with on/off switch since a few months (hardware update or not) ... we saw that pattern so often.  They have been pushing the hashrate for the most time during the current Diff and now they are giving it a break at the end of the diff, sometime it's the reverse ... nothing at first then a big push at the end.

Well, i'm speculating here

Who would be crazy enough to shut down gear?  I think most companies greed would run them 24x7.    Turning them off is like taking a loss, I don't see the big players doing this.

My logical thinking would say the exact same thing as you mention but it seems someone is still doing it.
legendary
Activity: 1274
Merit: 1000
Personally, I think someone is playing with on/off switch since a few months (hardware update or not) ... we saw that pattern so often.  They have been pushing the hashrate for the most time during the current Diff and now they are giving it a break at the end of the diff, sometime it's the reverse ... nothing at first then a big push at the end.

Well, i'm speculating here

Who would be crazy enough to shut down gear?  I think most companies greed would run them 24x7.    Turning them off is like taking a loss, I don't see the big players doing this.

I think they try and play games with the diff adjustment toward the end of the cycle.  Like HerbPean mentions, we see the same thing over and over, it can't be coincidence.

I'm sure the big players have figured out how to optimize their profits by turning some gear on and off at key times based on electricity rate and btc price.
legendary
Activity: 1456
Merit: 1000
Personally, I think someone is playing with on/off switch since a few months (hardware update or not) ... we saw that pattern so often.  They have been pushing the hashrate for the most time during the current Diff and now they are giving it a break at the end of the diff, sometime it's the reverse ... nothing at first then a big push at the end.

Well, i'm speculating here

Who would be crazy enough to shut down gear?  I think most companies greed would run them 24x7.    Turning them off is like taking a loss, I don't see the big players doing this.
legendary
Activity: 1638
Merit: 1005
Personally, I think someone is playing with on/off switch since a few months (hardware update or not) ... we saw that pattern so often.  They have been pushing the hashrate for the most time during the current Diff and now they are giving it a break at the end of the diff, sometime it's the reverse ... nothing at first then a big push at the end.

Well, i'm speculating here
full member
Activity: 196
Merit: 100
I'm not sure this time. Maybe we can go all the more low again. But we need to properly analyse it. Price is rising very swiftly. That's the thing worth noticing here.
legendary
Activity: 1456
Merit: 1000
Bitfury pool luck plummeted; nothing for 6 whole hours.
https://www.blocktrail.com/BTC/pool/bitfury/

maybe they had a meltdown Undecided


they could stay offline for a while

To bad they are such a quiet company we likely will have to speculate.  But it appears to be more then luck we can safely say at this point.   

It could be anything from scheduled maintenance to a more serious problem.   If in a day they are still having such low numbers I will go twords more serious.   
legendary
Activity: 1652
Merit: 4393
Be a bank
Bitfury pool luck plummeted; nothing for 6 whole hours.
https://www.blocktrail.com/BTC/pool/bitfury/

maybe they had a meltdown Undecided


they could stay offline for a while

Know the feeling.
Hope they're just trying to keep the diff down, though

edit, add: http://www.coindesk.com/bitcoin-miner-bitfury-rasies-20-million/
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
Bitfury pool luck plummeted; nothing for 6 whole hours.
https://www.blocktrail.com/BTC/pool/bitfury/

maybe they had a meltdown Undecided


they could stay offline for a while
legendary
Activity: 1652
Merit: 4393
Be a bank
Bitfury pool luck plummeted; nothing for 6 whole hours.
https://www.blocktrail.com/BTC/pool/bitfury/
legendary
Activity: 1456
Merit: 1000
At least it went down some.  Hopefully it continues, Bitwisdom:

Bitcoin Difficulty:    49,402,014,931
Estimated Next Difficulty:    51,228,595,289 (+3.70%)
Adjust time:    After 317 Blocks, About 2.1 days
Hashrate(?):    365,188,024 GH/s
legendary
Activity: 1638
Merit: 1005
It has to stop NOW !!!

Cheesy

I'll get right on that, SIR!!!   Smiley

While I am at it, would you like me to adjust your weather or electricity price?

No but i can give you a BTC address to fill out with bitcoin tho !!!

hahahahaha Cheesy
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
https://bitcoinwisdom.com/bitcoin/difficulty  

        BTC/USD: 268


(+4.04%) --------------------   but this is the live number = ( +2.57%)  See http://www.bitcoincharts.com/



After 358 Blocks, About 2.3 days

here are the numbers picked:


picks now closed.  At Lboss you are the last pick:



-1.26% to -1.50% --------------------- Lboss
-1.01% to -1.25% --------------------- Philipma1957
-0.76% to -1.00% --------------------- alh
-0.51% to -0.75% --------------------  Jamphone
-0.26% to -0.50% --------------------- tlhIlwI
-0.01% to -0.25% --------------------- sloopy
-------   0   ------------------------------ mavericklm
+0.01% to +0.25% ------------------- Finsky
+0.26% to +0.50% ------------------  wlefever
+0.51% to +0.75% ------------------- HerbPean
+0.76% to +1.00% ------------------  Last of The V8s
+1.01% to +1.25% ------------------- edonkey
+1.26% to +1.50% ------------------- ezminer --------------second choice as edonkey picked his first choice.
+1.51% to +1.75% ------------------- tss
+1.76% to +2.00% ------------------- Jonnybravo0311
+2.01% to +2.25% ------------------- Biodom
+2.26% to +2.50% ------------------- valkir
+2.51% to +2.75% ------------------- notlist3d
+2.76% to +3.00% ------------------- SunnyIgor
+3.01% to +3.25% ------------------- zebedee
+3.26% to +3.50% ------------------- wpt1wpt1
+3.51% to +3.75% ------------------- kenscho
+3.76% to +4.00% ------------------- Mikestang
+4.01% to +4.25% ------------------- EternalWingsofGod
+4.26% to +4.50% ------------------- Kexkey

+5.26% to +5.50%-------------------- Amph



All picks are above   we have perfect coverage  from -1.50%  up to +4.50%

Good luck to all.
legendary
Activity: 3248
Merit: 1070
come one i only need it to be 2% higher  Grin, i think i went too overboard with my prediction, 4-5 range would have been perfect
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