BTW, it seems the hashrate is going back up...
lol. Guess I said it too soon.
Topic: Next difficulty ~4,000,000,000? Tracking difficulty since 145,000,000. (Read 32518 times)
March 07, 2014, 05:05:55 AM
lol. Guess I said it too soon.
March 06, 2014, 08:47:52 PM
BTW, it seems the hashrate is going back up...
And the famed Neptunes aren't on the horizon yet
March 06, 2014, 08:32:29 PM
BTW, it seems the hashrate is going back up...
March 06, 2014, 08:28:47 PM
It looks like we are going to have a very small increase this time 
Even 10% increase ATM is big increase. 300kk+ increase is not very small I think it is just interesting that the expansion may not be exponential as predicted. Still a huge jump but may change things as all the btc profit calculators go on 20% to 30% every 12 days forever.
And it's only first week of March. Some people were predicting it will go like this until summer at least. I can't wait to see the next 3-4 jumps, but i think that the big jumps aren't over yet. I assume we will see some big jumps between May and end of June and after that it will cool off.
I agree it seems to soon to be slowing down but wouldn't we all love to be wrong.
Very true
March 06, 2014, 06:09:26 PM
It looks like we are going to have a very small increase this time
Even 10% increase ATM is big increase. 300kk+ increase is not very small I think it is just interesting that the expansion may not be exponential as predicted. Still a huge jump but may change things as all the btc profit calculators go on 20% to 30% every 12 days forever.
And it's only first week of March. Some people were predicting it will go like this until summer at least. I can't wait to see the next 3-4 jumps, but i think that the big jumps aren't over yet. I assume we will see some big jumps between May and end of June and after that it will cool off.
I agree it seems to soon to be slowing down but wouldn't we all love to be wrong.
March 06, 2014, 01:43:23 PM
It looks like we are going to have a very small increase this time
Even 10% increase ATM is big increase. 300kk+ increase is not very small I think it is just interesting that the expansion may not be exponential as predicted. Still a huge jump but may change things as all the btc profit calculators go on 20% to 30% every 12 days forever.
And it's only first week of March. Some people were predicting it will go like this until summer at least. I can't wait to see the next 3-4 jumps, but i think that the big jumps aren't over yet. I assume we will see some big jumps between May and end of June and after that it will cool off.
March 06, 2014, 08:57:24 AM
It looks like we are going to have a very small increase this time
Even 10% increase ATM is big increase. 300kk+ increase is not very small I think it is just interesting that the expansion may not be exponential as predicted. Still a huge jump but may change things as all the btc profit calculators go on 20% to 30% every 12 days forever.
March 06, 2014, 08:34:34 AM
It looks like we are going to have a very small increase this time
Even 10% increase ATM is big increase. 300kk+ increase is not very small March 06, 2014, 08:28:06 AM
I'm going for the 4 in my guess.
March 06, 2014, 02:40:13 AM
It looks like we are going to have a very small increase this time
March 03, 2014, 11:43:05 AM
OMG! After this I think buying new hardware is going to be worthless
March 03, 2014, 10:47:56 AM
Still a long way to go but so far this is the smallest increase in network hashrate that I have seen in a while...when the diff went to 3.8 on Feb 28 hashrate was 27.3. Right now it's 28.8 and block generation is at 9.6 minutes...it usually goes down to 9 minutes almost right away.
I noticed that also. Very strange I think we have a long way to go yet before we lvl off this could just be to soon to tell in this 12 day cycle. But it is very interesting if we se a bit of a trend change.
March 02, 2014, 01:42:52 PM
Still a long way to go but so far this is the smallest increase in network hashrate that I have seen in a while...when the diff went to 3.8 on Feb 28 hashrate was 27.3. Right now it's 28.8 and block generation is at 9.6 minutes...it usually goes down to 9 minutes almost right away.
March 01, 2014, 12:53:40 PM
Bitcoin Difficulty: 3,815,723,799
Estimated Next Difficulty: 4,588,873,284 (+20.26%)
Adjust time: After 1828 Blocks, About 12.1 days
Estimated Next Difficulty: 4,588,873,284 (+20.26%)
Adjust time: After 1828 Blocks, About 12.1 days
February 28, 2014, 03:41:32 PM
People thought it was crazy when the network hashing power was more powerful than the worlds top 500 supercomputers combined..
Just saying its crazy the difficulty level jumps. And there are other bigger players than knc retail Neptunes. Probably most of the machines are hidden from public knowledge.
Watch by july and see if there is any r.o.i. in mining left.
Start the difficulty at 3.7 tomorrow And 70% monthly compounded rise.
Just saying its crazy the difficulty level jumps. And there are other bigger players than knc retail Neptunes. Probably most of the machines are hidden from public knowledge.
Watch by july and see if there is any r.o.i. in mining left.
Start the difficulty at 3.7 tomorrow And 70% monthly compounded rise.
If there will be no +ROI in mining left by July, will hashrate continue to grow 70% monthy?In order for ROI to continue one of two things if not both need to happen:
1. Better hardware with more speed and less power requirements.
2. Price rise in Bitcoin.
Once that happens everyone will have 1 TH/s minimum hashrate the difficulty will be in 10 to 100 Billion by that time. Then the company will make even more efficient miner which will lead to more "outdated" miners on the second hand market. There will a limitation of developing the most efficient miners by the end of this year for next year.
Profit is high but the difficulty keeps on rising, ALWAYS rising. Meaning each person will earn less and less coins every 2 weeks.
February 27, 2014, 09:42:13 AM
People thought it was crazy when the network hashing power was more powerful than the worlds top 500 supercomputers combined..
Just saying its crazy the difficulty level jumps. And there are other bigger players than knc retail Neptunes. Probably most of the machines are hidden from public knowledge.
Watch by july and see if there is any r.o.i. in mining left.
Start the difficulty at 3.7 tomorrow And 70% monthly compounded rise.
Just saying its crazy the difficulty level jumps. And there are other bigger players than knc retail Neptunes. Probably most of the machines are hidden from public knowledge.
Watch by july and see if there is any r.o.i. in mining left.
Start the difficulty at 3.7 tomorrow And 70% monthly compounded rise.
If there will be no +ROI in mining left by July, will hashrate continue to grow 70% monthy?In order for ROI to continue one of two things if not both need to happen:
1. Better hardware with more speed and less power requirements.
2. Price rise in Bitcoin.
February 27, 2014, 06:53:36 AM
Mostly used by the manufacturers and their partners. But with ever diminishing returns.
February 27, 2014, 06:10:08 AM
People thought it was crazy when the network hashing power was more powerful than the worlds top 500 supercomputers combined..
Just saying its crazy the difficulty level jumps. And there are other bigger players than knc retail Neptunes. Probably most of the machines are hidden from public knowledge.
Watch by july and see if there is any r.o.i. in mining left.
Start the difficulty at 3.7 tomorrow And 70% monthly compounded rise.
Just saying its crazy the difficulty level jumps. And there are other bigger players than knc retail Neptunes. Probably most of the machines are hidden from public knowledge.
Watch by july and see if there is any r.o.i. in mining left.
Start the difficulty at 3.7 tomorrow And 70% monthly compounded rise.
If there will be no +ROI in mining left by July, will hashrate continue to grow 70% monthy? February 27, 2014, 05:04:39 AM
People thought it was crazy when the network hashing power was more powerful than the worlds top 500 supercomputers combined..
Just saying its crazy the difficulty level jumps. And there are other bigger players than knc retail Neptunes. Probably most of the machines are hidden from public knowledge.
Watch by july and see if there is any r.o.i. in mining left.
Start the difficulty at 3.7 tomorrow And 70% monthly compounded rise.
Just saying its crazy the difficulty level jumps. And there are other bigger players than knc retail Neptunes. Probably most of the machines are hidden from public knowledge.
Watch by july and see if there is any r.o.i. in mining left.
Start the difficulty at 3.7 tomorrow And 70% monthly compounded rise.
February 27, 2014, 04:47:10 AM
So in 5 months...
3,000,000,000 / 145,000,000 = 20.68965 <---- rough calc.
Difficulty went up more than 20 times.
3,000,000,000 / 145,000,000 = 20.68965 <---- rough calc.
Difficulty went up more than 20 times.
Doing a simple calculation for 70% increase monthly, by Jan 2015 will be 746,000,000,000 a 240x increase from 3.1B now in 10 months.
A 3TH KNC Neptune (thats not even out yet) will lose $10 a day by then. @3000watts .16kwh cents electrity
746,000,000,000 diff is in hashrate 5,500,000 TH ?
About 1,800,000 Neptunes?
1,800,000 * 3kwh * 24h * $0.16 = $20,000,000 per day for electricity.
Some really efficient chips must arrive, or bitcoin at $6000.
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