It will go well under 20%. Just as I predicted here.
https://bitcointalksearch.org/topic/m.8299497
my 12-14% is much more likely then 20% with 500+ blocks to go
we are in the 11.53% to 16.37% area which is well under 20%
https://bitcoinwisdom.com/bitcoin/difficulty
Bitcoin Difficulty: 19,729,645,941
Estimated Next Difficulty: 22,959,869,961 (+16.37%)
http://bitcoincharts.com
Difficulty 1972964594
Estimated 22005031037 about 11.53%
Topic: Last difficulty ... +20% ? Well ... if you play, you must work ! (Read 2302 times)
August 12, 2014, 07:13:35 PM
Next diff ~ 19% and it is still a week to go. This will be hugeee >22% I bet
https://bitcoinwisdom.com/bitcoin/difficulty
https://bitcoinwisdom.com/bitcoin/difficulty
I don't think it will be above 25% but it is already over 10%. My guess would be around 20%. This of course because I decided to get back into mining to try out an S3 - figures.
You missinterpret the stats. It is already @~19.5% but there is still a week to go, so we will likely see >22-25%. No way it will be around 20%
August 12, 2014, 06:45:07 PM
Next diff ~ 19% and it is still a week to go. This will be hugeee >22% I bet
https://bitcoinwisdom.com/bitcoin/difficulty
https://bitcoinwisdom.com/bitcoin/difficulty
I don't think it will be above 25% but it is already over 10%. My guess would be around 20%. This of course because I decided to get back into mining to try out an S3 - figures.
August 12, 2014, 12:48:07 PM
Next diff ~ 19% and it is still a week to go. This will be hugeee >22% I bet
https://bitcoinwisdom.com/bitcoin/difficulty
https://bitcoinwisdom.com/bitcoin/difficulty
August 12, 2014, 12:46:33 PM
Difficulty will go to the MOON!
Hahaha agreed, if anything is going to the moon lately, it's the difficulty next week for sure.
August 12, 2014, 10:37:01 AM
Cmon, difficulty is spiking again.. no more profit...
August 12, 2014, 12:24:39 AM
Difficulty will spike more than usual the next time, because of poor luck in the last frame.
August 12, 2014, 12:14:52 AM
http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart
That is reporting the network hashrate at 215 PH at the moment. Differs remarkably from https://bitcoinwisdom.com/bitcoin/difficulty
which still has it at about 179 PH.
That is reporting the network hashrate at 215 PH at the moment. Differs remarkably from https://bitcoinwisdom.com/bitcoin/difficulty
which still has it at about 179 PH.
Why the disparity?
Right now Coinwarz is reporting 210 PH and Bitcoinwisdom is reporting the total hashrate at 180 PH
I am not sure why the two sites report so differently.
August 11, 2014, 11:51:43 PM
Difficulty will go to the MOON!
August 11, 2014, 11:25:34 PM
http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart
That is reporting the network hashrate at 215 PH at the moment. Differs remarkably from https://bitcoinwisdom.com/bitcoin/difficulty
which still has it at about 179 PH.
That is reporting the network hashrate at 215 PH at the moment. Differs remarkably from https://bitcoinwisdom.com/bitcoin/difficulty
which still has it at about 179 PH.
Why the disparity?
August 11, 2014, 10:42:09 PM
This is an unexpected delivery of miners. S3's don't explain this increase. Potentially SP30s coming online in a hosted farm.
This + BFL finally mining with Monarch .... while they tell their customers who have been waiting for almost a year .... FCK OFF. ( we're testing )
LOL. BFL has shown they can't even manufacture/outsource a decent PSU. It would take BFL 2 years to add 40PH/s to the network unless they buy it from another vendor. Even if they added all the Monarch power to the network it would be less than 5PH/s (unless they were showing fake prototype cards at the conventions).
August 11, 2014, 10:13:36 PM
OK let me rephrase that then with uppercase.
".....but MOSTLY major mining data centre operations....."
Hope that helps.
".....but MOSTLY major mining data centre operations....."
Hope that helps.
August 11, 2014, 09:59:18 PM
I think we are looking at a combination of Spondooley/Bitmain but mostly major mining data centre operations are being kicked off by the looks of it.
http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart
That is reporting the network hashrate at 215 PH at the moment. Differs remarkably from https://bitcoinwisdom.com/bitcoin/difficulty
which still has it at about 179 PH.
http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart
That is reporting the network hashrate at 215 PH at the moment. Differs remarkably from https://bitcoinwisdom.com/bitcoin/difficulty
which still has it at about 179 PH.
This has virtually NOTHING to do with consumer gear being delivered to home miners.
This is from private Massive Mining Operations (MMOs) like Bitfury waging war on the network hashrate.
Wild guess here... but I would say that at this point in time, home miners make up about 10% of the network hashrate.
August 11, 2014, 09:50:40 PM
I think we are looking at a combination of Spondooley/Bitmain but mostly major mining data centre operations are being kicked off by the looks of it.
http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart
That is reporting the network hashrate at 215 PH at the moment. Differs remarkably from https://bitcoinwisdom.com/bitcoin/difficulty
which still has it at about 179 PH.
http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart
That is reporting the network hashrate at 215 PH at the moment. Differs remarkably from https://bitcoinwisdom.com/bitcoin/difficulty
which still has it at about 179 PH.
August 11, 2014, 09:26:12 PM
This is an unexpected delivery of miners. S3's don't explain this increase. Potentially SP30s coming online in a hosted farm.
This + BFL finally mining with Monarch .... while they tell their customers who have been waiting for almost a year .... FCK OFF. ( we're testing )
August 11, 2014, 08:58:07 PM
This is an unexpected delivery of miners. S3's don't explain this increase. Potentially SP30s coming online in a hosted farm.
August 11, 2014, 05:25:02 PM
Its going to be a wild ride.
August 11, 2014, 03:46:08 PM
People got complacent with 2 difficulty jumps less than 10%. The last one we just had was because of bad luck - look at the network stats, the CDF was close to 1.10 for all pools meaning about 10% wasted shares.
Looks like that Northern hemisphere winter is starting to ramp up miners
Looks like that Northern hemisphere winter is starting to ramp up miners
August 11, 2014, 01:44:47 PM
https://docs.google.com/spreadsheet/ccc?key=0AiFMBvXvL2dtdEZkR2J4eU5rS3B4ei1iUmJxSWNlQ0E#gid=0
2011 - 18%
2012 - 4%
2013 - 22%
2014 - 16% (year to date)
As much as I would like to see a slowdown if average difficulty increases, history is not on our side.
2011 - 18%
2012 - 4%
2013 - 22%
2014 - 16% (year to date)
As much as I would like to see a slowdown if average difficulty increases, history is not on our side.
August 11, 2014, 12:45:54 PM
Wow that is a big increase things are looking up for that brand yes sir 
very sharp increase! To keep the same mining reward, you have to buy extra mining rig! The old miner's fallacy, or at least one of them. It's interesting to see that people aren't used to a mere 20% increase anymore
It used to be the minimum increase back in 2013 or even the beginning of 2014 Jump to: