Really big drop in the difficulty is coming good bad meh? What do you think?

philipma1957

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Quote from: meccaflare0 on November 21, 2017, 11:31:28 AM

Quote from: alh on November 21, 2017, 11:19:48 AM

Quote from: meccaflare0 on November 21, 2017, 11:08:35 AM

The more viable Sha-256 coins means less Hash rate per coin. More dilution of hash rate is great for miner. Thank you Jihan Wu!

This is true, as long as the price of your favorite coin doesn't drop because of all the confusion caused by Bitcoin forks and such. Bitcoin is only as valuable as people think it is. The price, or perceived value, of Bitcoin can drop way faster than mining difficulty.

I deal with a lot of noobs in person. Trust me they don't stay confused for long. I know the general public isn't that bright, but on an individual basis people can comprehend it.

what has been done was risky but so far it is working.

495904 (Main Chain) 2017-11-24 14:58:54 current

493924 (Main Chain) 2017-11-10 16:09:13 start time for this period

we are 13 days and about 22 hours and 50 minutes

which means we should have made 2009 blocks

we have made 1980 as of this calculation

so 1980/2009 = 98.55% -1 = -1.44% drop with 36 blocks to go

since just before the split

btc has jumped from 3220 on july 30th to 8200 now
bcc has jumped from 0 on july 30 th to 1600 now

so 3220 usd to 9800 usd = amazing

meccaflare0

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Quote from: alh on November 21, 2017, 11:19:48 AM

Quote from: meccaflare0 on November 21, 2017, 11:08:35 AM

The more viable Sha-256 coins means less Hash rate per coin. More dilution of hash rate is great for miner. Thank you Jihan Wu!

This is true, as long as the price of your favorite coin doesn't drop because of all the confusion caused by Bitcoin forks and such. Bitcoin is only as valuable as people think it is. The price, or perceived value, of Bitcoin can drop way faster than mining difficulty.

I deal with a lot of noobs in person. Trust me they don't stay confused for long. I know the general public isn't that bright, but on an individual basis people can comprehend it.

alh

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Quote from: meccaflare0 on November 21, 2017, 11:08:35 AM

The more viable Sha-256 coins means less Hash rate per coin. More dilution of hash rate is great for miner. Thank you Jihan Wu!

This is true, as long as the price of your favorite coin doesn't drop because of all the confusion caused by Bitcoin forks and such. Bitcoin is only as valuable as people think it is. The price, or perceived value, of Bitcoin can drop way faster than mining difficulty.

meccaflare0

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Do the thing and you'll have the power.

The more viable Sha-256 coins means less Hash rate per coin. More dilution of hash rate is great for miner. Thank you Jihan Wu!

-ck

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Ruu \o/

Absolutely. I'm stunned beyond all belief at how high it's gotten and still think back to the most I ever mined in a day back in the avalon1 days... faaaaarking hell.

philipma1957

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Quote from: -ck on November 19, 2017, 03:33:24 PM

This is almost certainly entirely due to the BCH emergency difficulty adjustment stealing BTC hashrate. Now that they've removed the EDA, things will be different, but BCH will still have a share of the hashrate. I doubt we'll see another drop in difficulty any time soon after this again because of that (and the ever rising BTC value.)

Yeah BCC/BCH did cause it.

And I think if BCH/BCC jumps in price it could happen again.

If it was 3000 a coin people would jump from btc again.

Damn ck 8000 a coin for btc

Do you remember when we used to pool to mine your solo pool.

We hit two 25 coin blocks in 2 hours I was holding 50 coins damn that would be 400,000

-ck

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Ruu \o/

This is almost certainly entirely due to the BCH emergency difficulty adjustment stealing BTC hashrate. Now that they've removed the EDA, things will be different, but BCH will still have a share of the hashrate. I doubt we'll see another drop in difficulty any time soon after this again because of that (and the ever rising BTC value.)

philipma1957

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Yeah pretty good drop so far.

Also coinbase is at 7777.77 usd on Nov 19th

and is was at 6900.00 usd on Nov 10TH

So if this were to hold until the last 830 blocks are made this jump

miners gain on diff 10% plus well it is -12.75% and - diff is a gain for miners

and on price 6900 to 7777 is also 12.75% price gain

so 1.1275 x 1.1275 = 1.27125 or 27.125% improvement if we stay steady

TheYankeesWin!

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Quote from: philipma1957 on November 10, 2017, 11:10:43 AM

Quote from: gbBit on November 10, 2017, 10:24:10 AM

Quote from: gbBit on November 10, 2017, 09:38:07 AM

Interesting point that you make. I don't track BCH prices and just mine BTC blindly. But I'm not to concern about the drop in price since it's going to be huge! A 35% difficulty reduction even at $6800 will be mean I'm mining and making $9180 in today's value. We can go all the way back to $4500 before I would start to show any concern.

So what happen here??? Am I wasting my time looking at bitcoin wisdom site? It was stating -35% step, but it ending up only being -6%. Can anyone explain this to me. Is the site not working anymore or was there a last minute push of hashrate just before difficulty was to update?

bitcoinwisdom is a joke for months.

If you look at the first post I said about -7%

if you want to it manually you can do it that way. which is what I did.
   1 block in 10 minutes = 0%
   6 blocks in 1 hour = 0%
144 blocks in 24 hours = 0%
2016 blocks in 2 weeks = 0%

we are at 2012 Blocks

493921 (Main Chain)   2017-11-10 15:19:38
493922 (Main Chain)   2017-11-10 15:33:53
493923 (Main Chain)   2017-11-10 16:03:25
493924 (Main Chain)   2017-11-10 16:09:13

4 blocks made in 50 minutes so far should be 5 blocks

that is really slow and a huge drop but only 4 blocks in.

so :

495107 (Main Chain) 2017-11-19 16:24:39

483921 (Main Chain) 2017-11-10 15:19:38

1136 blocks made in 9 days and 1 hour

9 x 144 = 1296

6 x 1 = 6

we should have 1302

this means 1136/1302 = 87.25% or -12.75% with 830 blocks left

philipma1957

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Quote from: gbBit on November 10, 2017, 10:24:10 AM

Quote from: gbBit on November 10, 2017, 09:38:07 AM

Interesting point that you make. I don't track BCH prices and just mine BTC blindly. But I'm not to concern about the drop in price since it's going to be huge! A 35% difficulty reduction even at $6800 will be mean I'm mining and making $9180 in today's value. We can go all the way back to $4500 before I would start to show any concern.

So what happen here??? Am I wasting my time looking at bitcoin wisdom site? It was stating -35% step, but it ending up only being -6%. Can anyone explain this to me. Is the site not working anymore or was there a last minute push of hashrate just before difficulty was to update?

bitcoinwisdom is a joke for months.

If you look at the first post I said about -7%

if you want to it manually you can do it that way. which is what I did.
   1 block in 10 minutes = 0%
   6 blocks in 1 hour = 0%
144 blocks in 24 hours = 0%
2016 blocks in 2 weeks = 0%

we are at 2012 Blocks

493921 (Main Chain)   2017-11-10 15:19:38
493922 (Main Chain)   2017-11-10 15:33:53
493923 (Main Chain)   2017-11-10 16:03:25
493924 (Main Chain)   2017-11-10 16:09:13

4 blocks made in 50 minutes so far should be 5 blocks

that is really slow and a huge drop but only 4 blocks in.

coin163

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I though now more and more people switch their miner to start mine BCH it showing a good profit recently with very nice increase to 8xx and still don't stop.
Will you guys think the same happen will sow on BTG?
Then will BTC drop more?

alani123

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With the price falling and BCash mining now being more profitable, we could see an even bigger downward spike in mining difficulty. It's just an odd time to coincide with the difficulty re-target because both those factors could contribute to it.

gbBit

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Quote from: gbBit on November 10, 2017, 09:38:07 AM

Interesting point that you make. I don't track BCH prices and just mine BTC blindly. But I'm not to concern about the drop in price since it's going to be huge! A 35% difficulty reduction even at $6800 will be mean I'm mining and making $9180 in today's value. We can go all the way back to $4500 before I would start to show any concern.

So what happen here??? Am I wasting my time looking at bitcoin wisdom site? It was stating -35% step, but it ending up only being -6%. Can anyone explain this to me. Is the site not working anymore or was there a last minute push of hashrate just before difficulty was to update?

buwaytress

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I suppose with ones less fork coin to look forward to, some are now putting more eggs into the Bitcoin Cash basket. Bitcoin Classic just became the latest casualty of Segwit2x's suspension: https://bitcoinclassic.com/news/closing.html.

Not that I think many of the "next billion people" will rush to BCH and call it Bitcoin in the maximum time of six months Tom Zander feels it'll take. I will pity the folks using Bitcoin Classic wallets who'll suddenly fight out one day they're no longer in control of their Bitcoins.

Quote from: gbBit on November 10, 2017, 09:38:07 AM

Interesting point that you make. I don't track BCH prices and just mine BTC blindly. But I'm not to concern about the drop in price since it's going to be huge! A 35% difficulty reduction even at $6800 will be mean I'm mining and making $9180 in today's value. We can go all the way back to $4500 before I would start to show any concern.

I've been psychologically at $4k for a long time now, so I won't be bothered either by any drop above that.

gbBit

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Quote from: philipma1957 on November 10, 2017, 07:44:41 AM

Quote from: gbBit on November 10, 2017, 07:25:05 AM

I'm personally looking forward to the upcoming drop. I just received a fresh batch of Avalons earlier this week and anything to get to ROI faster sounds good for me. I do wonder what will happen in 2 weeks from now and will to be this volatility in the difficulty continue much longer or will it stabilize like it was in the good ole days which makes mining returns easier to forecast.

Don't know but BCC/BCH reached 889 usd and BTC has dropped to 6800 usd

Interesting point that you make. I don't track BCH prices and just mine BTC blindly. But I'm not to concern about the drop in price since it's going to be huge! A 35% difficulty reduction even at $6800 will be mean I'm mining and making $9180 in today's value. We can go all the way back to $4500 before I would start to show any concern.

philipma1957

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'The right to privacy matters'

Quote from: gbBit on November 10, 2017, 07:25:05 AM

I'm personally looking forward to the upcoming drop. I just received a fresh batch of Avalons earlier this week and anything to get to ROI faster sounds good for me. I do wonder what will happen in 2 weeks from now and will to be this volatility in the difficulty continue much longer or will it stabilize like it was in the good ole days which makes mining returns easier to forecast.

Don't know but BCC/BCH reached 889 usd and BTC has dropped to 6800 usd

gbBit

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I'm personally looking forward to the upcoming drop. I just received a fresh batch of Avalons earlier this week and anything to get to ROI faster sounds good for me. I do wonder what will happen in 2 weeks from now and will to be this volatility in the difficulty continue much longer or will it stabilize like it was in the good ole days which makes mining returns easier to forecast.

philipma1957

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'The right to privacy matters'

Quote from: leowonderful on November 09, 2017, 05:38:34 PM

could be a farm shutting a few miners down for maintenance or swapping them out for new ones, nobody knows. Price seems like it’s hit resistance in the last day or two. Perhaps a downwards correction in price will come soon, we are yet to have any major correction. I welcome any drops as it keeps us home miners in the game a little longer

I think bcc/bch has been grabbing some hash

leowonderful

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could be a farm shutting a few miners down for maintenance or swapping them out for new ones, nobody knows. Price seems like it’s hit resistance in the last day or two. Perhaps a downwards correction in price will come soon, we are yet to have any major correction. I welcome any drops as it keeps us home miners in the game a little longer

philipma1957

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we have passed 14 day and 3 hours since last jump

we have 100 blocks to go

We will drop at least 7% maybe 10%

What do you think this will do to pricing of btc?

We made 1913 blocks in 14 days and 3 hour plus pretty slow

Topic: Really big drop in the difficulty is coming good bad meh? What do you think? (Read 1207 times)