.......
Those that were here when we moved from CPU to GPU technology know that the faster the network difficulty goes up the longer it takes to normalize at the ideal 6 blocks and hour..
What does it mean when you say "the longer it takes to normalize" ?
Even if new hardware being added to the network was reduced the variance involved with mining does not immediately normalize at the next difficulty change. The network difficulty increase may slow down but we noticed that even at 6 blocks an hour that the network would still increase next difficulty target but at a noticeably lower %.
Also do not forget that existing hardware lifespan/operating costs will introduce psychological factors when miners evaluate their exposure in this market segment.
difficulty increase of 35% every 10 days from this point on
Stopped reading there. Everything else is just bullshit.
@dogie
This is an exercise in awareness.
It is true that this is a free market 24/7. So I expect a slowdown however it would be foolish to not consider the possibility on how the network difficulty will look in the next 2 months if things continue as they are.
I have posted the results at 20% 12 day target.
If you have a Gmail account you can copy the form using the chrome browser and enter the average increase rate for the year of 18.6% 13 day target and see the historical norm for the year.
You will see that so far the prices asked for ASIC hardware makes buying BTC at $100 USD a better option.
Remember that these ASIC's are not like GPU's in respects resale value.