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Topic: The difficulty HAS BEEN REDUCED!!!! - page 12. (Read 25894 times)

newbie
Activity: 28
Merit: 0
December 19, 2014, 10:43:58 PM
#65
new blocks were taking way too long lately...
sr. member
Activity: 280
Merit: 250
December 19, 2014, 01:28:15 PM
#64
we need difficulty to keep dropping. Hopefully it will spark these asic developers to actually make a machine that isnt total junk after 3-5 months

why would they, keeps you coming back for more

$$$$$$
legendary
Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
December 19, 2014, 01:24:11 PM
#63
I think the problem is mining farms with 2-3w/gh equipment were holding on for a bit but now can't mine at a loss. Couple that with very little real capacity coming online and diffciulty goes down.

I wonder if the "new chips" will be real, will come out on time, or are just more vaporware. There is a difference between what a chip can do in a lab as opposed to on a real world system.
hero member
Activity: 532
Merit: 500
December 19, 2014, 12:06:58 PM
#62
Its just gawminers, calm everyone
sr. member
Activity: 434
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
December 19, 2014, 11:08:26 AM
#61
we need difficulty to keep dropping. Hopefully it will spark these asic developers to actually make a machine that isnt total junk after 3-5 months
hero member
Activity: 1764
Merit: 514
Leading Crypto Sports Betting & Casino Platform
December 18, 2014, 11:25:32 AM
#60
Although the difficulty has been reduced but bitcoin dropped so much. At the end, profitability drop again Sad

True that... on personal mining... you can make that hashing power make a lot more than what the pool pays you.

However, Bitcoin's / cryptos are an educated risk taker's game. 

It's like gold mining, even though you lease a claim with proven gold on it, don't mean you'll get any of it, if you get any at all.

Claim owner ain't responsible if you go home broke, you failed to plan.

Then the gold buyer takes a cut that can go up to 10%...

Master Gold Mining, you'll master Bitcoin Mining a lot faster, that's a guarantee...

sr. member
Activity: 481
Merit: 250
December 18, 2014, 08:56:41 AM
#59
Although the difficulty has been reduced but bitcoin dropped so much. At the end, profitability drop again Sad
full member
Activity: 195
Merit: 100
December 17, 2014, 07:16:31 PM
#58
But I would like to know whether the calculations shown by different mining calculators does have any significance in them or they are worth nothing? Except difficulty, is everything that's predicted there, true?
This one has most of the knobs you need.
http://aleks1k.github.io/bitcoin-calculator/
My spreadsheet has the ability to set the difficulty and duration for each period so it has a couple more knobs.
hero member
Activity: 918
Merit: 1002
December 17, 2014, 01:06:56 PM
#57
Look at the hash power at XPY from CoinWarz M8 Wink

There's nearly 100PH/s there and 250PH/s @ Bitcoin


Hmm two difficulty reductions in a row.  Could this be a trend?

Difficulty History

Code:
Date	Difficulty	Change	Hash Rate
Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s
Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s
Nov 18 2014 40,300,030,328 1.76% 288,478,854 GH/s
Nov 05 2014 39,603,666,252 10.05% 283,494,086 GH/s
Oct 23 2014 35,985,640,265 2.81% 257,595,247 GH/s
Oct 09 2014 35,002,482,026 0.98% 250,557,526 GH/s
Sep 25 2014 34,661,425,924 16.20% 248,116,151 GH/s
Sep 13 2014 29,829,733,124 8.75% 213,529,547 GH/s
Aug 31 2014 27,428,630,902 15.03% 196,341,788 GH/s
Aug 19 2014 23,844,670,039 20.86% 170,686,797 GH/s
Aug 08 2014 19,729,645,941 5.30% 141,230,307 GH/s
Jul 25 2014 18,736,441,558 8.08% 134,120,673 GH/s
Jul 12 2014 17,336,316,979 3.08% 124,098,191 GH/s
Jun 29 2014 16,818,461,371 24.93% 120,391,236 GH/s
Jun 18 2014 13,462,580,115 14.51% 96,368,902 GH/s
Jun 05 2014 11,756,551,917 12.44% 84,156,677 GH/s
May 24 2014 10,455,720,138 18.10% 74,844,960 GH/s
May 12 2014 8,853,416,309 10.66% 63,375,223 GH/s
Apr 29 2014 8,000,872,136 14.64% 57,272,474 GH/s
Apr 17 2014 6,978,842,650 14.04% 49,956,502 GH/s
Apr 05 2014 6,119,726,089 22.23% 43,806,706 GH/s
Mar 24 2014 5,006,860,589 17.80% 35,840,504 GH/s
Mar 13 2014 4,250,217,920 11.39% 30,424,245 GH/s
Feb 28 2014 3,815,723,799 21.92% 27,314,015 GH/s
Feb 17 2014 3,129,573,175 19.39% 22,402,357 GH/s
Feb 05 2014 2,621,404,453 19.49% 18,764,744 GH/s
Jan 24 2014 2,193,847,870 22.59% 15,704,175 GH/s
Jan 13 2014 1,789,546,951 26.16% 12,810,076 GH/s
Jan 02 2014 1,418,481,395 20.12% 10,153,885 GH/s
Dec 21 2013 1,180,923,195 30.01% 8,453,378 GH/s
Dec 10 2013 908,350,862 28.41% 6,502,229 GH/s
Nov 29 2013 707,408,283 16.07% 5,063,826 GH/s
Nov 17 2013 609,482,680 19.29% 4,362,847 GH/s
Nov 05 2013 510,929,738 30.70% 3,657,378 GH/s
Oct 26 2013 390,928,788 46.02% 2,798,377 GH/s
Oct 16 2013 267,731,249 41.45% 1,916,495 GH/s
Oct 06 2013 189,281,249 27.19% 1,354,928 GH/s
Sep 25 2013 148,819,200 32.13% 1,065,289 GH/s
Sep 14 2013 112,628,549 29.56% 806,227 GH/s
Sep 04 2013 86,933,018 32.22% 622,291 GH/s
Aug 24 2013 65,750,060 29.40% 470,657 GH/s
Aug 13 2013 50,810,339 35.88% 363,715 GH/s
Aug 03 2013 37,392,766 19.63% 267,668 GH/s
Jul 22 2013 31,256,961 19.47% 223,746 GH/s
Jul 11 2013 26,162,876 22.63% 187,281 GH/s
Jun 29 2013 21,335,329 10.32% 152,724 GH/s
Jun 16 2013 19,339,258 23.92% 138,436 GH/s
Jun 05 2013 15,605,633 28.41% 111,709 GH/s
May 25 2013 12,153,412 8.64% 86,998 GH/s

Hoping for a double digit difficulty decrease (say that 5 times fast), so I can start mining with my Surface Pro 3!  Just playin', but maybe not really.   Tongue

We'll be getting that hash back in the BTC network in the next day or so, rental rates have plummeted in the last 12 hours.
hero member
Activity: 1764
Merit: 514
Leading Crypto Sports Betting & Casino Platform
December 17, 2014, 12:46:34 PM
#56
Look at the hash power at XPY from CoinWarz M8 Wink

There's nearly 100PH/s there and 250PH/s @ Bitcoin


Hmm two difficulty reductions in a row.  Could this be a trend?

Difficulty History

Code:
Date	Difficulty	Change	Hash Rate
Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s
Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s
Nov 18 2014 40,300,030,328 1.76% 288,478,854 GH/s
Nov 05 2014 39,603,666,252 10.05% 283,494,086 GH/s
Oct 23 2014 35,985,640,265 2.81% 257,595,247 GH/s
Oct 09 2014 35,002,482,026 0.98% 250,557,526 GH/s
Sep 25 2014 34,661,425,924 16.20% 248,116,151 GH/s
Sep 13 2014 29,829,733,124 8.75% 213,529,547 GH/s
Aug 31 2014 27,428,630,902 15.03% 196,341,788 GH/s
Aug 19 2014 23,844,670,039 20.86% 170,686,797 GH/s
Aug 08 2014 19,729,645,941 5.30% 141,230,307 GH/s
Jul 25 2014 18,736,441,558 8.08% 134,120,673 GH/s
Jul 12 2014 17,336,316,979 3.08% 124,098,191 GH/s
Jun 29 2014 16,818,461,371 24.93% 120,391,236 GH/s
Jun 18 2014 13,462,580,115 14.51% 96,368,902 GH/s
Jun 05 2014 11,756,551,917 12.44% 84,156,677 GH/s
May 24 2014 10,455,720,138 18.10% 74,844,960 GH/s
May 12 2014 8,853,416,309 10.66% 63,375,223 GH/s
Apr 29 2014 8,000,872,136 14.64% 57,272,474 GH/s
Apr 17 2014 6,978,842,650 14.04% 49,956,502 GH/s
Apr 05 2014 6,119,726,089 22.23% 43,806,706 GH/s
Mar 24 2014 5,006,860,589 17.80% 35,840,504 GH/s
Mar 13 2014 4,250,217,920 11.39% 30,424,245 GH/s
Feb 28 2014 3,815,723,799 21.92% 27,314,015 GH/s
Feb 17 2014 3,129,573,175 19.39% 22,402,357 GH/s
Feb 05 2014 2,621,404,453 19.49% 18,764,744 GH/s
Jan 24 2014 2,193,847,870 22.59% 15,704,175 GH/s
Jan 13 2014 1,789,546,951 26.16% 12,810,076 GH/s
Jan 02 2014 1,418,481,395 20.12% 10,153,885 GH/s
Dec 21 2013 1,180,923,195 30.01% 8,453,378 GH/s
Dec 10 2013 908,350,862 28.41% 6,502,229 GH/s
Nov 29 2013 707,408,283 16.07% 5,063,826 GH/s
Nov 17 2013 609,482,680 19.29% 4,362,847 GH/s
Nov 05 2013 510,929,738 30.70% 3,657,378 GH/s
Oct 26 2013 390,928,788 46.02% 2,798,377 GH/s
Oct 16 2013 267,731,249 41.45% 1,916,495 GH/s
Oct 06 2013 189,281,249 27.19% 1,354,928 GH/s
Sep 25 2013 148,819,200 32.13% 1,065,289 GH/s
Sep 14 2013 112,628,549 29.56% 806,227 GH/s
Sep 04 2013 86,933,018 32.22% 622,291 GH/s
Aug 24 2013 65,750,060 29.40% 470,657 GH/s
Aug 13 2013 50,810,339 35.88% 363,715 GH/s
Aug 03 2013 37,392,766 19.63% 267,668 GH/s
Jul 22 2013 31,256,961 19.47% 223,746 GH/s
Jul 11 2013 26,162,876 22.63% 187,281 GH/s
Jun 29 2013 21,335,329 10.32% 152,724 GH/s
Jun 16 2013 19,339,258 23.92% 138,436 GH/s
Jun 05 2013 15,605,633 28.41% 111,709 GH/s
May 25 2013 12,153,412 8.64% 86,998 GH/s

Hoping for a double digit difficulty decrease (say that 5 times fast), so I can start mining with my Surface Pro 3!  Just playin', but maybe not really.   Tongue
hero member
Activity: 1372
Merit: 783
better everyday ♥
December 17, 2014, 12:09:20 PM
#55
Hmm two difficulty reductions in a row.  Could this be a trend?

Difficulty History

Code:
Date	Difficulty	Change	Hash Rate
Dec 17 2014 39,457,671,307 -1.37% 282,449,013 GH/s
Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s
Nov 18 2014 40,300,030,328 1.76% 288,478,854 GH/s
Nov 05 2014 39,603,666,252 10.05% 283,494,086 GH/s
Oct 23 2014 35,985,640,265 2.81% 257,595,247 GH/s
Oct 09 2014 35,002,482,026 0.98% 250,557,526 GH/s
Sep 25 2014 34,661,425,924 16.20% 248,116,151 GH/s
Sep 13 2014 29,829,733,124 8.75% 213,529,547 GH/s
Aug 31 2014 27,428,630,902 15.03% 196,341,788 GH/s
Aug 19 2014 23,844,670,039 20.86% 170,686,797 GH/s
Aug 08 2014 19,729,645,941 5.30% 141,230,307 GH/s
Jul 25 2014 18,736,441,558 8.08% 134,120,673 GH/s
Jul 12 2014 17,336,316,979 3.08% 124,098,191 GH/s
Jun 29 2014 16,818,461,371 24.93% 120,391,236 GH/s
Jun 18 2014 13,462,580,115 14.51% 96,368,902 GH/s
Jun 05 2014 11,756,551,917 12.44% 84,156,677 GH/s
May 24 2014 10,455,720,138 18.10% 74,844,960 GH/s
May 12 2014 8,853,416,309 10.66% 63,375,223 GH/s
Apr 29 2014 8,000,872,136 14.64% 57,272,474 GH/s
Apr 17 2014 6,978,842,650 14.04% 49,956,502 GH/s
Apr 05 2014 6,119,726,089 22.23% 43,806,706 GH/s
Mar 24 2014 5,006,860,589 17.80% 35,840,504 GH/s
Mar 13 2014 4,250,217,920 11.39% 30,424,245 GH/s
Feb 28 2014 3,815,723,799 21.92% 27,314,015 GH/s
Feb 17 2014 3,129,573,175 19.39% 22,402,357 GH/s
Feb 05 2014 2,621,404,453 19.49% 18,764,744 GH/s
Jan 24 2014 2,193,847,870 22.59% 15,704,175 GH/s
Jan 13 2014 1,789,546,951 26.16% 12,810,076 GH/s
Jan 02 2014 1,418,481,395 20.12% 10,153,885 GH/s
Dec 21 2013 1,180,923,195 30.01% 8,453,378 GH/s
Dec 10 2013 908,350,862 28.41% 6,502,229 GH/s
Nov 29 2013 707,408,283 16.07% 5,063,826 GH/s
Nov 17 2013 609,482,680 19.29% 4,362,847 GH/s
Nov 05 2013 510,929,738 30.70% 3,657,378 GH/s
Oct 26 2013 390,928,788 46.02% 2,798,377 GH/s
Oct 16 2013 267,731,249 41.45% 1,916,495 GH/s
Oct 06 2013 189,281,249 27.19% 1,354,928 GH/s
Sep 25 2013 148,819,200 32.13% 1,065,289 GH/s
Sep 14 2013 112,628,549 29.56% 806,227 GH/s
Sep 04 2013 86,933,018 32.22% 622,291 GH/s
Aug 24 2013 65,750,060 29.40% 470,657 GH/s
Aug 13 2013 50,810,339 35.88% 363,715 GH/s
Aug 03 2013 37,392,766 19.63% 267,668 GH/s
Jul 22 2013 31,256,961 19.47% 223,746 GH/s
Jul 11 2013 26,162,876 22.63% 187,281 GH/s
Jun 29 2013 21,335,329 10.32% 152,724 GH/s
Jun 16 2013 19,339,258 23.92% 138,436 GH/s
Jun 05 2013 15,605,633 28.41% 111,709 GH/s
May 25 2013 12,153,412 8.64% 86,998 GH/s

Hoping for a double digit difficulty decrease (say that 5 times fast), so I can start mining with my Surface Pro 3!  Just playin', but maybe not really.   Tongue
hero member
Activity: 1764
Merit: 514
Leading Crypto Sports Betting & Casino Platform
December 17, 2014, 12:02:30 PM
#54
Again today Wink

I'm liking that PayCoin now, looks like it's relieving some much of the excess tension in the Bitcoin network.

Also looks like it will go down again, it's already set for a 1.33% decrease next time (@11AM -6GMT) too.

hero member
Activity: 918
Merit: 1002
December 11, 2014, 10:52:22 AM
#53
I'm kind of happy that it's been a while since we've seen those annoying mining calculator predictions based on the assumption of an exponentially increasing hash rate that goes on forever.

But I would like to know whether the calculations shown by different mining calculators does have any significance in them or they are worth nothing? Except difficulty, is everything that's predicted there, true?
Well, the only real variable is difficulty and mining uptime.  If your device (with known output and power costs) stays up an average of 95% of the time, then the real variable you have to consider is difficulty.  So most mining calculators are correct, but guessing the difficulty is just that, a guess.

Cheers.
legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
December 11, 2014, 07:32:49 AM
#52
I'm kind of happy that it's been a while since we've seen those annoying mining calculator predictions based on the assumption of an exponentially increasing hash rate that goes on forever.

But I would like to know whether the calculations shown by different mining calculators does have any significance in them or they are worth nothing? Except difficulty, is everything that's predicted there, true?
donator
Activity: 1617
Merit: 1012
December 10, 2014, 09:58:55 PM
#51
I'm kind of happy that it's been a while since we've seen those annoying mining calculator predictions based on the assumption of an exponentially increasing hash rate that goes on forever.
member
Activity: 67
Merit: 10
December 10, 2014, 05:30:56 PM
#50
Very marginal reduction, hope to enjoy it for a few weeks before more profitable hardware hits the market and it starts increasing again Cheesy
DrG
legendary
Activity: 2086
Merit: 1035
December 10, 2014, 03:13:19 PM
#49
Basically it has been sustained unrelenting growth ever since the 1/2ing back in the end of 2012.  Don't look at the difficulty back then, it will make you cry.

I dont think the diff was lowering before 2012, its always going up (good for us people hello? There is 21m total)

We just hope the future make us cry on happyness more than the past  Roll Eyes

It went down several times in 2012.  In fact when BTC crashed to $2 in early 2012 difficulty went back to 1 million before bouncing back towards the end of the year even with the Pirate scandal.
hero member
Activity: 532
Merit: 500
December 10, 2014, 05:57:24 AM
#48
Basically it has been sustained unrelenting growth ever since the 1/2ing back in the end of 2012.  Don't look at the difficulty back then, it will make you cry.

I dont think the diff was lowering before 2012, its always going up (good for us people hello? There is 21m total)

We just hope the future make us cry on happyness more than the past  Roll Eyes
full member
Activity: 138
Merit: 100
December 10, 2014, 02:23:15 AM
#47
Basically it has been sustained unrelenting growth ever since the 1/2ing back in the end of 2012.  Don't look at the difficulty back then, it will make you cry.

Don't remind me.  The last 2 years have been far worse to me in BTC than the 2 prior to that.
DrG
legendary
Activity: 2086
Merit: 1035
December 10, 2014, 02:16:59 AM
#46
Basically it has been sustained unrelenting growth ever since the 1/2ing back in the end of 2012.  Don't look at the difficulty back then, it will make you cry.
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