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Topic: New Diff thread Mar 22 to Apr. 5 not ready for prime time - page 9. (Read 10208 times)

legendary
Activity: 1638
Merit: 1005
Today looks like another +10% day, most likely it will be +10 to +15% at the end of the cycle.



We are two days in the diff... things can change quickly. We have seen peak in hashrate before.

All of this happened before and will happen again ;-)

Nope, I'm pretty sure the sky is falling for real this time Smiley

I was looking at AntPool and they seem to be having another good day (well, good for them, not so much for other miners).

Keep the the law of average in mind my friend ^_^

Luck won't keep it up forever.
full member
Activity: 209
Merit: 100

-5.01 to -5.25 open ----------------- Chris_Sabian

-4.01 to -4.25 Medow

 5 or six spots


-2.51 to   -2.75  tarmi--------------this was  corrected from -2.51 to -2.76
-2.26 to   -2.50  Roadstress-------- this was corrected from -2.25 to -2.49
-2.01 to   -2.25  Mikestang--------- this was corrected from -2.00 to -2.25
-1.76 to   -2.00 Quickseller
-1.51 to   -1.75 edonkey
-1.26 to   -1.50 valkir
-1.01  to  -1.25 philipma1957
-0.76  to  -1.00 notlist3d
-0.51 to   -0.75  Jamphone
-0.26 to   -0.50 coinits
-0.01 to   -0.25  MegaFall

0.00 is open

+0.01 to  +0.25 Amph
+0.26 to  +0.50 davejh
+0.51 to  +0.75 Kexkey
+0.76 to  +1.00 ezeminer
+1.01 to  +1.25 mavericklm
+1.26 to  +1.50  SimplisticStu
+1.51 to  +1.75  HerbPean

Open-------------------------------------------+1.76 to  +2.00 jmumich

+2.01 to  +2.25 SunnyIgor
+2.26 to  +2.50 zebedee
+2.51 to  +2.75 alh
+2.76 to +3.00 Korbman
+3.01 to +3.25 tertius993
+3.26 to +3.50 jmumich------------------  A switch from +1.76 to +2.00
+3.51 to +3.75 wpt1wpt1 ------------this was corrected from +3.51 to +3.76%
+3.76 to +4.00 tlhIlwI
+4.01 to +4.25 Open------------------------ buyandhold

+5.01 to +5.25 Chris_Sabian ------------A switch from -5.01 to -5.25
+5.26 to +5.50 RealMalatesta

+9.76 to +10.00 buyandhold------------A switch from +4.01 to +4.25

About 3.5 days to make a pick we have had 3 people change picks.

https://bitcoinwisdom.com/bitcoin/difficulty  is at (+1.39%)

https://docs.google.com/spreadsheets/d/1qmF2knc5rSrJLESgQJYBz8mPzpKihmSzPPQUGH7pT8g/edit#gid=561061211

has a big move up (+11.05%) 419 blocks vs 377 blocks really big shift here

the last time we did +10 % or more was


Nov 05 2014   39,603,666,252   10.05%   283,494,086 GH/s

https://bitcoinwisdom.com/bitcoin/difficulty


While there was some good luck so far this period, its becoming more certain that there was also an increase in hashrate. That could be due to a combination of (1) the ddos attacks subsiding or at least being mitigated (which artificially lowered the last two adjustments), and (2) Bitmain's shipment of S5's. (They may have gotten their large 500+ orders out before the smaller orders, which are arriving now). There's also the possibility, as you've mentioned that equipment was moving as electricity rates adjust with summer coming in the Northern Hemisphere, where I'll speculate a large percentage of mining occurs. [Edit: The good news is that these are one-time factors - so if we have a large jump, there's no reason to think that we won't go back to the 2-3% average we've seen over the past several months.]  [Edit2: The price increase from the last couple weeks could also have an impact - exchange rate has an impact, but it may lag by a week or two... which would make me think there would be a drop off toward the end of this period or during the next]. 

I added an experimental difficulty projection to the sheet that factors in what has happened so far, as well as the 3, 5, and 7 day moving averages at various weights. Right now it is showing an 8.39% increase. I feel this is a little high, but we'll see.
legendary
Activity: 2184
Merit: 1118
Lie down. Have a cookie
Today looks like another +10% day, most likely it will be +10 to +15% at the end of the cycle.



Don't say that. I love keeping a constant difficulty, because then I can actually mine something.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Today looks like another +10% day, most likely it will be +10 to +15% at the end of the cycle.



We are two days in the diff... things can change quickly. We have seen peak in hashrate before.

All of this happened before and will happen again ;-)

Nope, I'm pretty sure the sky is falling for real this time Smiley

I was looking at AntPool and they seem to be having another good day (well, good for them, not so much for other miners).
legendary
Activity: 1638
Merit: 1005
Today looks like another +10% day, most likely it will be +10 to +15% at the end of the cycle.



We are two days in the diff... things can change quickly. We have seen peak in hashrate before.

All of this happened before and will happen again ;-)
legendary
Activity: 3738
Merit: 1708
Today looks like another +10% day, most likely it will be +10 to +15% at the end of the cycle.

legendary
Activity: 1638
Merit: 1005
Let's wait and see, if in two days we keep the Hashrate over 375Peta, we are in trouble otherwise, it's just a peak as the usual.
legendary
Activity: 3738
Merit: 1708
And a NEW WORLD RECORD hashrate was just set. Breaking 378Ph/s.

Maybe KNCMiner and Bitfury are powering up their energy efficient miners.
legendary
Activity: 4116
Merit: 7849
'The right to privacy matters'

-5.01 to -5.25 open ----------------- Chris_Sabian

-4.01 to -4.25 Medow

 5 or six spots


-2.51 to   -2.75  tarmi--------------this was  corrected from -2.51 to -2.76
-2.26 to   -2.50  Roadstress-------- this was corrected from -2.25 to -2.49
-2.01 to   -2.25  Mikestang--------- this was corrected from -2.00 to -2.25
-1.76 to   -2.00 Quickseller
-1.51 to   -1.75 edonkey
-1.26 to   -1.50 valkir
-1.01  to  -1.25 philipma1957
-0.76  to  -1.00 notlist3d
-0.51 to   -0.75  Jamphone
-0.26 to   -0.50 coinits
-0.01 to   -0.25  MegaFall

0.00 is open

+0.01 to  +0.25 Amph
+0.26 to  +0.50 davejh
+0.51 to  +0.75 Kexkey
+0.76 to  +1.00 ezeminer
+1.01 to  +1.25 mavericklm
+1.26 to  +1.50  SimplisticStu
+1.51 to  +1.75  HerbPean

Open-------------------------------------------+1.76 to  +2.00 jmumich

+2.01 to  +2.25 SunnyIgor
+2.26 to  +2.50 zebedee
+2.51 to  +2.75 alh
+2.76 to +3.00 Korbman
+3.01 to +3.25 tertius993
+3.26 to +3.50 jmumich------------------  A switch from +1.76 to +2.00
+3.51 to +3.75 wpt1wpt1 ------------this was corrected from +3.51 to +3.76%
+3.76 to +4.00 tlhIlwI
+4.01 to +4.25 Open------------------------ buyandhold

+5.01 to +5.25 Chris_Sabian ------------A switch from -5.01 to -5.25
+5.26 to +5.50 RealMalatesta

+9.76 to +10.00 buyandhold------------A switch from +4.01 to +4.25

About 3.5 days to make a pick we have had 3 people change picks.

https://bitcoinwisdom.com/bitcoin/difficulty  is at (+1.39%)

https://docs.google.com/spreadsheets/d/1qmF2knc5rSrJLESgQJYBz8mPzpKihmSzPPQUGH7pT8g/edit#gid=561061211

has a big move up (+11.05%) 419 blocks vs 377 blocks really big shift here

the last time we did +10 % or more was


Nov 05 2014   39,603,666,252   10.05%   283,494,086 GH/s

https://bitcoinwisdom.com/bitcoin/difficulty
member
Activity: 231
Merit: 43
plox to change me to +9.76 to 10.00 !
legendary
Activity: 1484
Merit: 1004
Wow! Its look like big + in diff!  Sad

Hope it will stabilise, I was happy with the actual setup. Stable diff and stable price.
legendary
Activity: 896
Merit: 1001
-5.05 to -5.30%

I've had a change of heart and change of sign with my numbers:

+5.01 to +5.25%

Same numbers but just change the sign.
legendary
Activity: 4116
Merit: 7849
'The right to privacy matters'

-5.01 to -5.25 Chris_Sabian

-4.01 to -4.25 Medow

 5 or six spots


-2.51 to   -2.75  tarmi--------------this was  corrected from -2.51 to -2.76
-2.26 to   -2.50  Roadstress-------- this was corrected from -2.25 to -2.49
-2.01 to   -2.25  Mikestang--------- this was corrected from -2.00 to -2.25
-1.76 to   -2.00 Quickseller
-1.51 to   -1.75 edonkey
-1.26 to   -1.50 valkir
-1.01  to  -1.25 philipma1957
-0.76  to  -1.00 notlist3d
-0.51 to   -0.75  Jamphone
-0.26 to   -0.50 coinits
-0.01 to   -0.25  MegaFall

0.00 is open

+0.01 to  +0.25 Amph
+0.26 to  +0.50 davejh
+0.51 to  +0.75 Kexkey
+0.76 to  +1.00 ezeminer
+1.01 to  +1.25 mavericklm
+1.26 to  +1.50  SimplisticStu
+1.51 to  +1.75  HerbPean

Open-------------------------------------------+1.76 to  +2.00 jmumich

+2.01 to  +2.25 SunnyIgor
+2.26 to  +2.50 zebedee
+2.51 to  +2.75 alh
+2.76 to +3.00 Korbman
+3.01 to +3.25 tertius993
+3.26 to +3.50 jmumich------------------  A switch from +1.76 to +2.00
+3.51 to +3.75 wpt1wpt1 ------------this was corrected from +3.51 to +3.76%
+3.76 to +4.00 tlhIlwI
+4.01 to +4.25 buyandhold


+5.26 to +5.50 RealMalatesta


legendary
Activity: 2338
Merit: 1124
I'm pessimistic as always :-)

+5.26 to +5.50
legendary
Activity: 3738
Merit: 1708
But of course even if it's variance (i.e. the hashrate spikes and then drops) it's still going to have an effect on difficulty. See a couple of spikes from the recent past, green is the 2016-block/difficulty line. Bow to my Paint skillz.



Great and I bought myself a miner this week. Grrr....

full member
Activity: 209
Merit: 100
But of course even if it's variance (i.e. the hashrate spikes and then drops) it's still going to have an effect on difficulty. See a couple of spikes from the recent past, green is the 2016-block/difficulty line. Bow to my Paint skillz.


That's exactly right ... even if you chalk it up to luck, there would have to be an equal amount of bad luck to cancel it out. However, I think if luck causes part of a difficulty increase, difficulty is likely to correct the next period (holding all else equal except for luck), unless there's an equal amount of luck.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
But of course even if it's variance (i.e. the hashrate spikes and then drops) it's still going to have an effect on difficulty. See a couple of spikes from the recent past, green is the 2016-block/difficulty line. Bow to my Paint skillz.

legendary
Activity: 3738
Merit: 1708
Maybe the recent spikes are just luck? Slush's pool just did 10 Blocks in the last 12 hours, with only 12 Ph/s.

The price is down 14% for the week. It's $248 at the time of this writing.

Downward price pressure and no new efficiency hardware should continue to apply force against the difficulty.

AntPool had some massive luck today too. I wonder if the little extra BTC is also having an effect on the price. This should all sort itself out in the next week or so.

It'll be interesting to see if Antpool stays lucky ... I wonder how accurate their reported hashrate is. Does it include Bitmain's own miners, for example?

Assuming pool reported hashrates are accurate, we're not at 377Ph/s (which is the estimate for this difficulty period so far). In fact, pools that report haven't shown that much of an increase. Slush's pool has solved blocks at a rate consistent with a pool running at close to 30Ph/s over the last 24 hours, but its been constantly reporting just over 12 Ph/s.

That said, even if its luck, its put us 40 blocks ahead of pace already. There's no reason to think bad luck will even it out, so even assuming luck has played a major role the past two days we're looking at a 3-5% increase this period. Possibly more depending on what Bitmain shipped. I'd be shocked if we jump over 10% though. That would mean 33 Ph/s was added to the network... seems a bit of a stretch.


The day ended with 20 blocks solved too much. Looking at Antpools solved blocks they solved about 20 extra blocks today, so it could just be luck
full member
Activity: 209
Merit: 100
Maybe the recent spikes are just luck? Slush's pool just did 10 Blocks in the last 12 hours, with only 12 Ph/s.

The price is down 14% for the week. It's $248 at the time of this writing.

Downward price pressure and no new efficiency hardware should continue to apply force against the difficulty.

AntPool had some massive luck today too. I wonder if the little extra BTC is also having an effect on the price. This should all sort itself out in the next week or so.

It'll be interesting to see if Antpool stays lucky ... I wonder how accurate their reported hashrate is. Does it include Bitmain's own miners, for example?  [EDIT: Actually it wouldn't make much sense for it to under-report its hashrate ... it would have to pay its miners more proportionally than they deserve]

Assuming pool reported hashrates are accurate, we're not at 377Ph/s (which is the estimate for this difficulty period so far). In fact, pools that report haven't shown that much of an increase. Slush's pool has solved blocks at a rate consistent with a pool running at close to 30Ph/s over the last 24 hours, but its been constantly reporting just over 12 Ph/s.

That said, even if its luck, its put us 40 blocks ahead of pace already. There's no reason to think bad luck will even it out, so even assuming luck has played a major role the past two days we're looking at a 3-5% increase this period. Possibly more depending on what Bitmain shipped. I'd be shocked if we jump over 10% though. That would mean 33 Ph/s was added to the network... seems a bit of a stretch.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
I appriciate all the work you do on this.  It's become a fun game.

Maybe next week set it where a switch you only win 1/2 as much.   If switches are limited it benefits those who picked on first pick, and saves you from having to change people up to 2 additional guesses.

We'll see how this plays out. Until now we had very few if any switches. Don't forget that "switchers" are already penalized because the later you switch the fewer intervals are available. Let's see if this gets messy and if we need some kind of extra penalty.
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