The Thash rate looks to be creeping up

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: solex on February 12, 2013, 05:06:31 AM

It can be extended further by adding a new column which is: log10 (difficulty / mtgox price)
Plot this on a line graph and it can be seen that there is a steady increase in profitability of mining over time. Despite the increasing difficulty the BTC price more than makes up for it. This is very good for the future of bitcoin.

This probably would be better inverted, as a lower ratio is more profitable.
- https://docs.google.com/a/digicoast.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc#gid=4

DobZombie

hero member

Activity: 896

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Former curator of The Bitcoin Museum

Quote from: notig on February 11, 2013, 12:34:05 AM

The Thash rate looks to be creeping up

Yes, it is! Cool

oh wait, you said t.hash, not THRASH...

my mistake Tongue

Parazyd

hero member

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Space Lord

The price is up too... People are firing up their GPUs.

solex

legendary

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100 satoshis -> ISO code

Back over 30 now...
https://blockchain.info/stats

solex

legendary

Activity: 1078

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100 satoshis -> ISO code

Quote from: Stephen Gornick on February 11, 2013, 05:52:50 AM

History of difficulties:
- https://docs.google.com/a/digicoast.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc#gid=0

Stephen, that's a very interesting spreadsheet.

It can be extended further by adding a new column which is: log10 (difficulty / mtgox price)
Plot this on a line graph and it can be seen that there is a steady increase in profitability of mining over time. Despite the increasing difficulty the BTC price more than makes up for it. This is very good for the future of bitcoin.

Graet's anecdotal evidence is supportive.

Lethn

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Finally! No more stupid mining, Bitcoin will be used as an actual currency now

Graet

vip

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don't forget the effect of Bitcoins price doubling over the last few weeks
GPUs are being turned back on due to better profitability

Just had a guy drop into IRC that hasn't mined for months - he fired up his GPUs when he saw the current price

there are 2 known ASIC in the wild, one runs @ 60GH the other at 80GH

Puppet

legendary

Activity: 980

Merit: 1040

No sign of asics that I can see, more noise than signal:
http://bitcoin.sipa.be/speed-lin-10k.png

Stephen Gornick

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Activity: 2506

Merit: 1010

Quote from: solex on February 11, 2013, 01:55:50 AM

Estimated 3458370 in 1127 blks

Is it a record projected difficulty?

That would just squeak past the record prior high, yes: 3,438,909
- http://blockexplorer.com/b/209664

History of difficulties:
- https://docs.google.com/a/digicoast.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc#gid=0

vdragon

full member

Activity: 196

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I think there was something like that before new year. I was watching who mined the blocks last two weeks and there are 2 possibilities. Either some asic maker is screwing over their customers and decides to solo mine some to make extra money since a few days back someone solo mined 55 blocks in 13 hours, or there is someone running a huge botnet that is more likely to happen. Also you have to take in consideration that many old miners turned on their rigs because of high price. Some even bought new cards since the 7950 is cheap

The Fool

newbie

Activity: 56

Merit: 0

Quote from: solex on February 11, 2013, 01:55:50 AM

Difficulty 3275465
Estimated 3458370 in 1127 blks

God help us all.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Was looking at this on bitcoincharts (http://bitcoincharts.com/charts)

Blocks   220633
Total BTC   10.766M

Difficulty   3275465
Estimated   3458370 in 1127 blks

Network total   29.435 Thash/s
Blocks/hour   7.53 / 478 s

Is it a record projected difficulty?

notig

sr. member

Activity: 294

Merit: 250

I could be wrong since I don't follow the network that closely but it looks like it's gaining some momentum. Asics here we come?
I ordered one from BFL Sad

Topic: The Thash rate looks to be creeping up (Read 2891 times)