Next difficulty in approx 3 days?? 1,240,416 - page 2.

ones51

member

Activity: 70

Merit: 10

Quote from: FlipPro on June 21, 2011, 10:38:35 PM

Quote from: finnthecelt on June 21, 2011, 10:35:53 PM

Quote from: AngelusWebDesign on June 21, 2011, 10:33:06 PM

You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate. That will give you a pretty accurate idea. Right now it's looking like Friday morning.

It will be another doozy.

How exciting!!!! Less BTC, more competition, less trading, less credibility, lower exchange rate!? What could go wrong?

What does it take to make the difficulty lower?

It will never get lower.

Why less credibility if its harder to get? If history has proven anything it is that people usually want what they CAN'T get. And who the hell said the exchange rate will be lower? It might dip for a little bit after MTGOX comes back in, but in 2 weeks everything will be back to normal with bitcoins trading at about $30 a coin.

Where did you get your crystal ball? I would like to purchase one please.

AngelusWebDesign

sr. member

Activity: 392

Merit: 250

That's D-Day -- when everyone either has paid for their mining hardware, or never will...

(When blocks net 25 BTC instead of 50)

phillipsjk

legendary

Activity: 1008

Merit: 1001

Let the chips fall where they may.

Quote from: CJYP on June 21, 2011, 11:11:22 PM

Quote

What does it take to make the difficulty lower?

When we hit block #210,000.

:Grin:

Quoted for possible truth.

For those that don't know, the block reward drops to 25 BTC on (or about) that block. I hope to have a modest cluster on standby that can mine at a slight loss if needed.

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: finnthecelt on June 21, 2011, 10:53:18 PM

Quote from: jalidi on June 21, 2011, 10:48:49 PM

You can follow it with this: http://bitcoinwatch.com/ and look at the block statistics.

But it's like 2016 blocks per difficulty increase and the network is doing 260 blocks per day... just a bit under 8 days now.

Basically the faster we do those 2016 blocks, the more it cranks the difficulty... if we did it 50% slower, the difficulty will fall, which will never happen considering the number of new machines being added each and every day.

So I'm really curious who has the intestinal fortitude to keep mining if:

1) The exchange rate stagnates or (ahhhh) goes down!
2) The difficulty rate keeps going up
3) Scandal persists???
4) Other stuff, eg, inlaws can't stand the noise, heat, etc.,

Who cares if the scandal persists, you clowns don't understand that exchangers, and bitcoin have nothing to do with each other. I wish all the exchangers would just go away, and let us build our economy up.
The difficulty is going to keep going up, and the miners who are getting started now will be the ones mining in the future. It will get to the point where normal people will not be able to get into it AT ALL, because the mining market will be dominated by its earliest adopters. But what is so wrong with that?

Oldminer

legendary

Activity: 1022

Merit: 1001

Quote from: ninjapug on June 21, 2011, 10:54:50 PM

Everyone should halt mining for the next 2 days now.

Err..we talking a miners strike here Grin

niemivh

full member

Activity: 196

Merit: 100

Quote from: AngelusWebDesign on June 21, 2011, 10:37:38 PM

Bad things to happen, and lots of miners quitting en masse!

That's why I've been getting more BTC! Keep quiting!!!!!!!!

CJYP

member

Activity: 112

Merit: 10

Quote

What does it take to make the difficulty lower?

When we hit block #210,000.

finnthecelt

full member

Activity: 140

Merit: 101

Quote from: ninjapug on June 21, 2011, 10:54:50 PM

Everyone should halt mining for the next 2 days now.

As the darkness of the Abyss swallows your very words......

ninjapug

newbie

Activity: 40

Merit: 0

Everyone should halt mining for the next 2 days now.

finnthecelt

full member

Activity: 140

Merit: 101

Quote from: jalidi on June 21, 2011, 10:48:49 PM

You can follow it with this: http://bitcoinwatch.com/ and look at the block statistics.

But it's like 2016 blocks per difficulty increase and the network is doing 260 blocks per day... just a bit under 8 days now.

Basically the faster we do those 2016 blocks, the more it cranks the difficulty... if we did it 50% slower, the difficulty will fall, which will never happen considering the number of new machines being added each and every day.

So I'm really curious who has the intestinal fortitude to keep mining if:

1) The exchange rate stagnates or (ahhhh) goes down!
2) The difficulty rate keeps going up
3) Scandal persists???
4) Other stuff, eg, inlaws can't stand the noise, heat, etc.,

jalidi

newbie

Activity: 23

Merit: 0

You can follow it with this: http://bitcoinwatch.com/ and look at the block statistics.

But it's like 2016 blocks per difficulty increase and the network is doing 260 blocks per day... just a bit under 8 days now.

Basically the faster we do those 2016 blocks, the more it cranks the difficulty... if we did it 50% slower, the difficulty will fall, which will never happen considering the number of new machines being added each and every day.

finnthecelt

full member

Activity: 140

Merit: 101

Quote from: FlipPro on June 21, 2011, 10:38:35 PM

Quote from: finnthecelt on June 21, 2011, 10:35:53 PM

Quote from: AngelusWebDesign on June 21, 2011, 10:33:06 PM

You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate. That will give you a pretty accurate idea. Right now it's looking like Friday morning.

It will be another doozy.

How exciting!!!! Less BTC, more competition, less trading, less credibility, lower exchange rate!? What could go wrong?

What does it take to make the difficulty lower?

It will never get lower.

Why less credibility if its harder to get? If history has proven anything it is that people usually want what they CAN'T get. And who the hell said the exchange rate will be lower? It might dip for a little bit after MTGOX comes back in, but in 2 weeks everything will be back to normal with bitcoins trading at about $30 a coin.

You steal my very soul from me with your reason...... Undecided

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: finnthecelt on June 21, 2011, 10:35:53 PM

Quote from: AngelusWebDesign on June 21, 2011, 10:33:06 PM

You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate. That will give you a pretty accurate idea. Right now it's looking like Friday morning.

It will be another doozy.

How exciting!!!! Less BTC, more competition, less trading, less credibility, lower exchange rate!? What could go wrong?

What does it take to make the difficulty lower?

It will never get lower.

Why less credibility if its harder to get? If history has proven anything it is that people usually want what they CAN'T get. And who the hell said the exchange rate will be lower? It might dip for a little bit after MTGOX comes back in, but in 2 weeks everything will be back to normal with bitcoins trading at about $30 a coin.

AngelusWebDesign

sr. member

Activity: 392

Merit: 250

Bad things to happen, and lots of miners quitting en masse!

finnthecelt

full member

Activity: 140

Merit: 101

Quote from: AngelusWebDesign on June 21, 2011, 10:33:06 PM

You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate. That will give you a pretty accurate idea. Right now it's looking like Friday morning.

It will be another doozy.

How exciting!!!! Less BTC, more competition, less trading, less credibility, lower exchange rate!? What could go wrong?

What does it take to make the difficulty lower?

AngelusWebDesign

sr. member

Activity: 392

Merit: 250

You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate. That will give you a pretty accurate idea. Right now it's looking like Friday morning.

It will be another doozy.

ninjapug

newbie

Activity: 40

Merit: 0

When do you think the next difficulty change will be?

Topic: Next difficulty in approx 3 days?? 1,240,416 - page 2. (Read 5356 times)