Lowest Difficulty increase in a while! - page 2.

davida

sr. member

Activity: 585

Merit: 250

Quote from: revilo on July 12, 2014, 06:00:17 PM

I find the bitcoin wisdom chart more informative.
https://bitcoinwisdom.com/bitcoin/difficulty

I find the blockchain.info chart set on a 2 year time span shows on a broader scale what is going on with the exception of this 1 smaller difficultly increase.

https://blockchain.info/charts/difficulty?timespan=2year

It's more than likely a big miner manufacturer unplugging a lot of hashing power this week and preparing it to be shipped to customers. (without mentioning any names of course. although, it should be obvious)

jjc326

hero member

Activity: 700

Merit: 500

Maybe because the price of bitcoin went down and hasn't been shooting to the moon people aren't as interests in mining anymore. Whereas when the price was flying high people were just mining no matter the cost because they thought they'd make it back as the BTC price continued to rise.

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: smoothie on July 12, 2014, 06:30:09 PM

looks like a big miner decided to mine during the first half of this period then moved miners off to make the diff not jump as high...once diff adjusts...watch those miners go online once again....vroooom!

I don't think it was so much that, but it was more the fact that difficulty had increased by 24% the previous increase verses mid teens (~15%) on average across the previous several increases.

It should also be noted that the rate that blocks are found does have a little bit to do with luck, so it is entirely possible that several large pool operators simply had a little bit of bad luck during the beginning of the previous increase.

winbtcs

newbie

Activity: 1

Merit: 0

exponentially

joshraban76

sr. member

Activity: 252

Merit: 250

I think the next few terms will be much higher increases and will ultimately average out. I could be wrong but thats what I figure will happen. Anyone that bought cloud mining in the past few weeks should be pretty happy right now though.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

looks like a big miner decided to mine during the first half of this period then moved miners off to make the diff not jump as high...once diff adjusts...watch those miners go online once again....vroooom!

xinzark

legendary

Activity: 1120

Merit: 1001

Quote from: revilo on July 12, 2014, 06:02:41 PM

And now the Cointerra's that go at 1.4TH/s are at break even of worse with their massive power consumption.
Maybe a bunch of people switched them off?

I don think anyone is switching off , they have been a lot of manafature are building these rig you might see big raise in a month .

revilo

sr. member

Activity: 543

Merit: 250

And now the Cointerra's that go at 1.4TH/s are at break even of worse with their massive power consumption.
Maybe a bunch of people switched them off?

Meuh6879

legendary

Activity: 1512

Merit: 1012