Author

Topic: The Bitcoin hashrate is about to pass or has already passed its Aug2011 peak (Read 2865 times)

legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
New record difficulty:

2036671.088693

last run has begun! 25 BTC is coming...


The network has come a long way. only if it sustains this growth and more!
legendary
Activity: 1512
Merit: 1036
New record difficulty:

2036671.088693
member
Activity: 495
Merit: 10
📱 CARTESI 📱 INFRASTRUCTURE FOR DAP
Video games are no fun without weed.

+1 to that.
hero member
Activity: 699
Merit: 500
Your Minion
Bigger numbers are better.





You heard it hear first.
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.

The 7day window is already at a higher high!
sr. member
Activity: 336
Merit: 250
Back to the topic - this doesn't necesserily mean Bitcoin network has grown. It may be the same number of people mining on improved technology.

This.
We've got probably upwards of a terahash of FPGA gear, and ATI's 7xxx cards are obviously better miners than anything that came before. Back in July last year I was running a few 5850s, getting 370Mhash each.
Now I'm running 7970s doing 580Mhash each with scope to push them to 680 if I wanted to...
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Hashrate increase is imminent.

Less power, more GH/s = better competition for BTC

Whether BFL holds up to their supposed hashrates or not, over time people will find better ways to mine.
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
Back to the topic - this doesn't necesserily mean Bitcoin network has grown. It may be the same number of people mining on improved technology.
hero member
Activity: 726
Merit: 500
To keep with the tradition of buying high and selling low, I shall celebrate by dusting of my 5830 and firing it up! Going solo!

Hurry up...if you're lucky you might make 15 bitcoins before the reward having later this year!

...but if he's going solo, it's 50 bitcoins or nothing.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
To keep with the tradition of buying high and selling low, I shall celebrate by dusting of my 5830 and firing it up! Going solo!

Hurry up...if you're lucky you might make 15 bitcoins before the reward having later this year!
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
To keep with the tradition of buying high and selling low, I shall celebrate by dusting of my 5830 and firing it up! Going solo!
legendary
Activity: 1512
Merit: 1036
Technically, the highest difficulty's evaluation period would be the second half of July 2011:

Record difficulty: Block 139104 (2011-08-01) difficulty:1888786.705353
Current difficulty:  Block 189504 (2012-07-17) difficulty:1866391.305003
Current block: 191092 (78.8% of difficulty period elapsed)
Block 191520 (~2012-07-30) estimated: 2.1M
(last 120): estimated 2.5M
donator
Activity: 1218
Merit: 1079
Gerald Davis
Oh sorry I was testing my round reduction attack on SHA-256.  Allows me to hash in 16 rounds instead of 80. 
hero member
Activity: 742
Merit: 500
we've had 10 blocks found in the last hour.  the hashing problem is apparently too easy for the miners to solve right now Smiley
legendary
Activity: 2506
Merit: 1010
The 3-day window estimate is above 15 TH/s

For the record, the highest difficulty of 1,888,786.705353 was first reached at block 139,104, August 1, 2011:
 - http://blockexplorer.com/b/139104

Current difficulty is 1,866,391.305003 but estimates show that will probably go over 2 million in three days when the next difficulty adjustment period begins.

 - https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc
member
Activity: 98
Merit: 10
(:firstbits => "1mantis")
Nice! Let's hope it keeps growing this time. Smiley

Looks like the price of btc is getting more and more stable now and going up  up up up up!
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
Joy of joys!

http://bitcoin.sipa.be/

The 3-day window estimate is above 15 TH/s
Mini-riggers, start your engines!
hero member
Activity: 675
Merit: 502
Joy of joys!

http://bitcoin.sipa.be/

The 3-day window estimate is above 15 TH/s
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