On the brighter side, ETH difficulty is down.

lagniapp3

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Quote from: m.vina on March 31, 2018, 09:22:40 PM

What im saying is this is the start of the difficulty drop. Have you see the charts today? Still on a downtrend right? Thats because there is no way that people aren't rattled by this. Mining was over hyped a few months ago and those newbies are now scrambling to sell their rigs. ETH difficulty will go down esp. if this continues for a few weeks more. Some people mine at $0.2 and look at daily profits you know..

Perhaps the objective miners who sell their returns daily will be scrambling, but your operators who have their eye on the big picture will be appreciating everyone's fear and escapes.

m.vina

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Quote from: xxcsu on March 31, 2018, 10:07:40 PM

Quote from: m.vina on March 31, 2018, 09:22:40 PM

What im saying is this is the start of the difficulty drop.

Sorry to say, but I think you just can not see really clear ... I would say actually this is the start of a real difficulty jump ... Sad

I hope im wrong Wink

Hate to brag about it, but i'm still right. Check out the charts. Have you seen it lately? ETH difficulty is still dropping. So i guess i was seeing clearly after all. Its pretty basic really, ETH price is down, threat of ASICs confirmed, everyone will be selling their rigs, drop in difficulty. Thats all i'm saying anyway. Grin

xxcsu

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Quote from: xxcsu on March 29, 2018, 11:55:19 PM

Quote from: m.vina on March 29, 2018, 11:23:25 PM

The problem is that until there is a confirmed actual ETH ASIC, all those reports are still only RUMORS. I wouldn't factor them into the equation.

S7 , S9 , D3, L3, L3+, X3 from Bitmain all come forward as a rumors

For some reason all those rumors become reality ...
I would say its pretty much confirmed ...

Finally did you get the official confirmation ? or are you still skeptical about ETH ASIC ? Grin

Suslived

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Quote from: Metroid on March 31, 2018, 11:20:07 PM

eth soon, $2k, a huge money bagger will come and buy all eth up to $2000, you heard here first. If eth devs dont do something about the eth asics then difficulty will be 10 times what is now since it will be official.

Not sure if still trolling but hopefully you're right about the price of ETH. Can't wait to sell my bags and buy a house. Goodbye parents!

With regards to difficulty tho, i wouldn't be so worried. Eth devs are really active and i can imagine they have contingencies for this sort of thing.

adaseb

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Looking at the hashrate it looks like sometime this week we will see a brand new difficulty. Maybe even tomorrow.

Even after the 3Gb stopped to mine and people with 20-30cent power pulled the plug, the difficulty is still climbing.

bigjee

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i think the slower increase in hashrate can be attributed to some 3gb cards not being able to mine any more.
This will be transient of course if the F3 is real and will be launched shortly. Time will tell whats true and what isnt

IndzheborgC

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It is very likely that the production facilities have not been shut off, but switched to other coins with greater growth potential. And it is not necessary that the Equihash algorithm.

Metroid

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Xtreme Monster

eth soon, $2k, a huge money bagger will come and buy all eth up to $2000, you heard here first. If eth devs dont do something about the eth asics then difficulty will be 10 times what is now since it will be official.

yo_mama

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But the year-long difficulty trend is still up up up.

When difficulty is temporarily down, even more miners will join, assuming they can get more shares of ether...

Expect a bounce soon.

xxcsu

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Quote from: m.vina on March 31, 2018, 09:22:40 PM

What im saying is this is the start of the difficulty drop.

Sorry to say, but I think you just can not see really clear ... I would say actually this is the start of a real difficulty jump ... Sad

I hope im wrong Wink

m.vina

full member

Activity: 280

Merit: 102

What im saying is this is the start of the difficulty drop. Have you see the charts today? Still on a downtrend right? Thats because there is no way that people aren't rattled by this. Mining was over hyped a few months ago and those newbies are now scrambling to sell their rigs. ETH difficulty will go down esp. if this continues for a few weeks more. Some people mine at $0.2 and look at daily profits you know..

Za1n

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Quote from: xxcsu on March 29, 2018, 11:55:19 PM

Check that chart a little bit better ...
Bitmain might just had to replace a transformer in they ETH asic mining facility Wink

I agree that the slight drop in difficulty means nothing in this short of a time frame. Even your chart shows we are back to what, the March 20th hashrate? I do not call that a drop at all and this "fluctuation" could be anything.

Also notice the highest ever hashrate at the top, 270957.8644 GH/s was recorded on Monday, March 26, 2018, 4 days ago, not really anything to write home about,

Wake me up when hash-rates are back to pre-January levels, or at least it hasn't risen in a month, that will be the type drop off I will want to know about.

retard75

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You're riding a dead horse.

Palmerson

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I see no reason to be happy. The fact that the complexity of the network falls means that the miners leave eth. Profitability ETH mining tends to zero. That's good. The drop in the price of eth kompensiruet not decrease difficulty. Business mining is going through very bad times. I hope the situation will change soon.

Swinging Phallus

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Quote from: xxcsu on March 29, 2018, 11:55:19 PM

Quote from: m.vina on March 29, 2018, 11:23:25 PM

The problem is that until there is a confirmed actual ETH ASIC, all those reports are still only RUMORS. I wouldn't factor them into the equation.

S7 , S9 , D3, L3, L3+, X3 from Bitmain all come forward as a rumors

For some reason all those rumors become reality ...
I would say its pretty much confirmed ...

also ...

Quote from: m.vina on March 29, 2018, 10:16:03 PM

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Check that chart a little bit better ...
Bitmain might just had to replace a transformer in they ETH asic mining facility Wink

Good analysis, I don't really see the drop in difficulty to be anything new. I really didn't want to believe that Asics were being implemented for ETH but the more I look at the evidence it seems that it may be more of a possibility (citing from this CNBC article, "During our travels through Asia last week, we confirmed that Bitmain has already developed an ASIC").

I feel it would've been only beneficial for Bitmain to keep this hushed until the right time. I'm sure Bitmain understands that ETH will gladly hardfork to keep itself Asic resistant so it only makes sense. This may explain a bit more for the jump in difficulty we've seen imo.

I dont think an ETHASH ASIC will last long in the market though, seeing that it is definitive that ETH will combat it. I think Bitmain knows this as well, Maybe this has something to do with market manipulation? maybe not?

CryptoWatcher420

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Small Time Miner, Rig Builder, Crypto Trader

Quote from: Marvell2 on March 29, 2018, 10:38:56 PM

Quote from: Metroid on March 29, 2018, 10:20:50 PM

Quote from: m.vina on March 29, 2018, 10:16:03 PM

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Yes, miners are quitting, asics are not. Sadly more than 50% of the hashrate is coming from asics, also right now it shows that the difficulty is going down but you need to understand that bitmain and co will be filling with more asics, so you will not see drop in the hashrate or difficulty for that matter. So for 100 gpus quitting, bitmain adds one asic to cover it for each 100 gpus hehe

I doubt there are alot of eth asics yet, memory is expensive, each chip needs at least 3gb

didf is down bc the people with expensive electric do better by buying eth at this point than mining.

or they are selling thier gpus before prices drop, also ravencoin is more profitable by eth for all brand of cards so ppl are switching

yeah don't listen to Metroid he has nothing to back up what he is saying except pointless articles that really don't indicate squat, nothing more than blowing smoke out his bum. sure asics for eth might be coming but there not here yet, would take too much memory

lanciaominer

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bugger shitmain.. hope they die soon

jezus

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When difficulty go up?

Steamtyme

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The asic resistant technology is just that; resistant.

Not asic proof. Unfortunately with enough time and money bitmain has been powering through with it's Asics development using a well funded R&D team.

The bright side their Asics as reported in don't seem to be a game changer , unless priced ridiculously low. I can't find the article at the moment but I think I saw something like 1000 to 1200w and 220 mh/s; with a cost over 3000$.

The numbers might be wrong can't remember for sure. If I find the article I'll update the post. Also at last check I think the ethereum community is pushing to fork against the miner. Fingers crossed.

xxcsu

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Quote from: m.vina on March 29, 2018, 11:23:25 PM

The problem is that until there is a confirmed actual ETH ASIC, all those reports are still only RUMORS. I wouldn't factor them into the equation.

S7 , S9 , D3, L3, L3+, X3 from Bitmain all come forward as a rumors

For some reason all those rumors become reality ...
I would say its pretty much confirmed ...

also ...

Quote from: m.vina on March 29, 2018, 10:16:03 PM

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Check that chart a little bit better ...
Bitmain might just had to replace a transformer in they ETH asic mining facility Wink

Topic: On the brighter side, ETH difficulty is down. (Read 759 times)