whats the projection for this difficulty raise?
EDIT - Nevermind, i skipped a page on accident
Topic: Mining difficulty rate!! (Read 13214 times)
Some people just can't get it! You keep up building mining rigs and all you'll get is increaced difficulty to a point where you won't even be able to pay your electricity bills.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
That might be true, but in the meantime, I'll take my $30/day of freshly minted bitcoins. So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
These charts seem to indicate that a lot of people have called it quits though too. I expect difficulty to be nearly flat this next time around... 10% is my projection.
http://bitcoin.sipa.be/
Nice income, gratz...
I'll leave out my dark predictions of doom and gloom, and instead bathe in your positive vibes towards the next difficulty setting
Some people just can't get it! You keep up building mining rigs and all you'll get is increaced difficulty to a point where you won't even be able to pay your electricity bills.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
That might be true, but in the meantime, I'll take my $30/day of freshly minted bitcoins. So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
These charts seem to indicate that a lot of people have called it quits though too. I expect difficulty to be nearly flat this next time around... 10% is my projection.
http://bitcoin.sipa.be/
Some people just can't get it! You keep up building mining rigs and all you'll get is increaced difficulty to a point where you won't even be able to pay your electricity bills.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
LOL, yeah...
2 more difficulty increases (1 GPU = $2 per day @ $8 per BTC) like the ones we just witnessed, may result in a good number of people's IQ's recovering thus realising the end is nigh.
Some people just can't get it! You keep up building mining rigs and all you'll get is increaced difficulty to a point where you won't even be able to pay your electricity bills.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
yes please, also flood me with your cheap american power, please!
Some people just can't get it! You keep up building mining rigs and all you'll get is increaced difficulty to a point where you won't even be able to pay your electricity bills.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
when someone tired of mining and want to cheaply sell some hw to me -PM me 
I am willing to sell you my (only used for 3 days) 5850 for 23BTC.
Hmm 201.25. How's maybe $180 ?
LOL, it would take over 20 days to recoup that, and that's only if there are no difficulty increases in that time and the price stays at $8.
when someone tired of mining and want to cheaply sell some hw to me -PM me
I am willing to sell you my (only used for 3 days) 5850 for 23BTC.
Hmm 201.25. How's maybe $180 ?
when someone tired of mining and want to cheaply sell some hw to me -PM me
I am willing to sell you my (only used for 3 days) 5850 for 23BTC.
I got dibs on any 5870s
when someone tired of mining and want to cheaply sell some hw to me -PM me
4x 5830's and 2x 5850's and only pulling in about 3.7 BTC a day.
We must be down to 1 BTC per day per card now, roughly.
Sounds about right, at least for the higher end cards or well-optimized ones. Personally, I'm down to about 0.5BTC/card, but I have a 4650 in the mix.
We must be down to 1 BTC per day per card now, roughly.
[dramatic classical music]
Difficulty adjusts to 434,877, a 78% increase
[taadaa.wav]
ps. maybe you should just adapt your reality and think like the difficulty and not the dollar rate represents how mutch
a btc is worth in the near future
Difficulty adjusts to 434,877, a 78% increase
[taadaa.wav]
ps. maybe you should just adapt your reality and think like the difficulty and not the dollar rate represents how mutch
a btc is worth in the near future
You can go to the frontpage of blockexplorer and see last 19 blocks took about 2:39. Thus rate is 7.17 for last 19 blocks. or 3.7 Th/s total network speed.
I have been collecting my own block solving stats and the network since the difficulty retarget has been averaging between 7 and 7.5 Blocks/hour.
Even then, it still takes some time for difficulty to catch up because of how the difficulty-calculating algorithm works.
Good point.
To show this in effect, notice that we just had a difficulty increase, yet we are still finding blocks faster than 6 per hour. (We are at around 10-11 per hour.)
The difficulty adjusted to the average of the last period, but by the end of the period, we were above the average.
Right now though, it says 8.87 blocks/hr. I imagine that number will continue to decrease for a bit longer as the older stats are thrown out of the average.
Even then, it still takes some time for difficulty to catch up because of how the difficulty-calculating algorithm works.
Good point.
To show this in effect, notice that we just had a difficulty increase, yet we are still finding blocks faster than 6 per hour. (We are at around 10-11 per hour.)
The difficulty adjusted to the average of the last period, but by the end of the period, we were above the average.
A good indicator that the difficulty increases won't be slowing down much, if at all, for the next round at least.
Even then, it still takes some time for difficulty to catch up because of how the difficulty-calculating algorithm works.
Good point.
To show this in effect, notice that we just had a difficulty increase, yet we are still finding blocks faster than 6 per hour. (We are at around 10-11 per hour.)
The difficulty adjusted to the average of the last period, but by the end of the period, we were above the average.
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