1 block to go... wonder who gets it.... come on little CPU solo miner!!
Difficulty 267,731,249
Topic: new bitcoin difficulty to 263,358,983 and future profitability of mining - page 5. (Read 13619 times)
October 16, 2013, 08:31:53 AM
Difficulty 267,731,249
October 16, 2013, 08:26:31 AM
1 block to go... wonder who gets it.... come on little CPU solo miner!!
Next Difficulty
in 2 blocks
267,254,986
October 16, 2013, 08:23:49 AM
1 block to go... wonder who gets it.... come on little CPU solo miner!!
October 16, 2013, 07:47:53 AM
these are only estimates, considering recently bitcoin difficulty increases about 30% every 10 days
Anyway, consider that fortunately there are a lot of SHA-256 alternative cryptocoins to be mined
Personally I'll continue mining bitcoin with my mining rig, for other 3-4 months, but consider it has started to mine since beginning of september, so it made its work, and has been profitable, and will continue being profitable for other 3-4 months.
So, after Jan~Feb 2014 I'll evaluate stopping mining bitcoin, and starting mining alternative sha-256 cryptcocoins.
Anyway, consider that fortunately there are a lot of SHA-256 alternative cryptocoins to be mined
Personally I'll continue mining bitcoin with my mining rig, for other 3-4 months, but consider it has started to mine since beginning of september, so it made its work, and has been profitable, and will continue being profitable for other 3-4 months.
So, after Jan~Feb 2014 I'll evaluate stopping mining bitcoin, and starting mining alternative sha-256 cryptcocoins.
no problem just keep mining until difficulty hits 60Billion then call it quits. It wasn't 6 months ago that 50 GH was no joke now its damn near chump change in a few weeks...that is if you are the type to mine and sell back to pay off debt right away. If you hold it may reap rewards when you cash out. Also speaking to legitimacy, wouldn't it qualify as a long term capitol gain if you didn't cash out mined coins or traded coins for at least 2 years if it were major amounts that were to be converted for substantial purchases such as homes or nice cars? (Sorry I dropped off topic)
October 16, 2013, 06:35:11 AM
these are only estimates, considering recently bitcoin difficulty increases about 30% every 10 days
Anyway, consider that fortunately there are a lot of SHA-256 alternative cryptocoins to be mined
Personally I'll continue mining bitcoin with my mining rig, for other 3-4 months, but consider it has started to mine since beginning of september, so it made its work, and has been profitable, and will continue being profitable for other 3-4 months.
So, after Jan~Feb 2014 I'll evaluate stopping mining bitcoin, and starting mining alternative sha-256 cryptcocoins.
Anyway, consider that fortunately there are a lot of SHA-256 alternative cryptocoins to be mined
Personally I'll continue mining bitcoin with my mining rig, for other 3-4 months, but consider it has started to mine since beginning of september, so it made its work, and has been profitable, and will continue being profitable for other 3-4 months.
So, after Jan~Feb 2014 I'll evaluate stopping mining bitcoin, and starting mining alternative sha-256 cryptcocoins.
October 16, 2013, 06:31:34 AM
We will reach 1billion very quickly this way.
yes.
on date 26/10/2013 difficulty could be 331,906,650.4
on date 05/11/2013 difficulty could be 431,478,645.52
on date 15/11/2013 difficulty could be 560,922,239.176
on date 25/11/2013 difficulty could be 729,198,910.928
on date 05/12/2013 difficulty could be 947,958,584.206
on date 15/12/2013 difficulty could be 1,232,346,159.46
October 16, 2013, 06:30:25 AM
We will reach 1billion very quickly this way.
yes.
on date 10/26/2013 difficulty could be 331,906,650.4
on date 11/05/2013 difficulty could be 431,478,645.52
on date 11/15/2013 difficulty could be 560,922,239.176
on date 11/25/2013 difficulty could be 729,198,910.928
on date 12/05/2013 difficulty could be 947,958,584.206
on date 12/15/2013 difficulty could be 1,232,346,159.46
these are only estimates, considering recently difficulty increases about 30% every 10 days
October 16, 2013, 06:24:55 AM
We will reach 1billion very quickly this way.
Certainly, very soon. Just hoping that it will not happen so fast. Perhaps some miners would turn to alt coins mining. And difficulty increase would slow down. 
October 16, 2013, 06:23:55 AM
Cool. Higher the better.
October 16, 2013, 06:10:20 AM
Goodbye BFL 5GH miners. Was about to buy cex.io ghashes but on a second thought, no.
yes, I think "cex io" is an excellent and innovative platform to buy gigahashes.
Gigahash price is made only by the market.
Anyway, actually market price of 0.14 BTC per gigahash is too high and not profitable if you start today a new bitcoin mining investment. This price was good 25 days ago, not now.
I think that considering new difficulty level, gigahash price should be 0.07~0.05 BTC , but probably market price is influenced by other factors, than mathematic.
Considering, new difficulty level and that every 10 days difficulty will increase of ~30% it is mathematically impossible to make profit, buying today a gigahas at 0.14BTC
Buying today at 0.14 you could make profit, if you could sell by 3-4 months your remained gigahashes at 0.09 ~ 0.10
October 16, 2013, 06:00:29 AM
Goodbye BFL 5GH miners. Was about to buy cex.io ghashes but on a second thought, no.
October 16, 2013, 05:53:14 AM
yes. Most probably small "gigahashes miners", will be good only for mining some alternative SHA-256 cryptocoins.
October 16, 2013, 05:44:13 AM
Starting from today, to plan a new profitable mining activity, we have to start thinking in Terahash and not anymore in Gigahash
This is so true, The Gigahash era didn't last long tho
/Rant
What annoys me about this era is the people who don't understand the difference between fiat world and crypto world, For EG:- People selling ASIC hardware here and linking to e-bay asking OVER the new price because it's in hand, Sure if your new and want to pay cash to start mining and loose 80% of capitol as the thing will never ROI go for it.
/Rant over
October 16, 2013, 05:24:15 AM
By 4 hours, bitcoin network, will set difficulty to ~263,358,983
This difficulty change, starts a new era in bitcoin mining.
This is a very interesting excel table with history of bitcoin difficulty changes
https://docs.google.com/file/d/0B6a17Qe3LReURF91ZE1HdTFsRE0/edit?usp=sharing
So, making some calculations, considering all recent difficulty changes, and that every ~10 days difficulty increases of ~30%,
I think that if you plan to start a mining activity Today, you have not to pay more then 0.05 bitcoins per GigaHash
if you want to make profit after 1 month of mining.
Starting from today, to plan a new profitable mining activity, we have to start thinking in Terahash and not anymore in Gigahash
This difficulty change, starts a new era in bitcoin mining.
This is a very interesting excel table with history of bitcoin difficulty changes
https://docs.google.com/file/d/0B6a17Qe3LReURF91ZE1HdTFsRE0/edit?usp=sharing
So, making some calculations, considering all recent difficulty changes, and that every ~10 days difficulty increases of ~30%,
I think that if you plan to start a mining activity Today, you have not to pay more then 0.05 bitcoins per GigaHash
if you want to make profit after 1 month of mining.
Starting from today, to plan a new profitable mining activity, we have to start thinking in Terahash and not anymore in Gigahash
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