Author

Topic: What will be the difficulty in 3-4 weeks time (Read 1361 times)

legendary
Activity: 2618
Merit: 1007
Europe hasn't really caught on to Bitcoin yet and who knows when asian "gaming rooms" start to see there's a cheap way to finance their equipment!
A lot can happen in 1 month...

Also: Holidays! Kids start to have even more time to mess around on the internet.
newbie
Activity: 47
Merit: 0
21 days from today the difficulty will be 822,872
28 days from today the difficulty will be 990,991

These numbers are only accurate if:
  • The current ETA to next block estimate of 10.48 days is correct
  • The current estimated next difficulty is 683,274 is correct
  • The ratio of difficulty increases continues to be 20%, just like the next one

Here's the sequence:
Code:
6/7/2011	567,358
6/8/2011 567,358
6/9/2011 567,358
6/10/2011 567,358
6/11/2011 567,358
6/12/2011 567,358
6/13/2011 567,358
6/14/2011 567,358
6/15/2011 567,358
6/16/2011 567,358
6/17/2011 683,274
6/18/2011 683,274
6/19/2011 683,274
6/20/2011 683,274
6/21/2011 683,274
6/22/2011 683,274
6/23/2011 683,274
6/24/2011 683,274
6/25/2011 683,274
6/26/2011 822,872
6/27/2011 822,872
6/28/2011 822,872
6/29/2011 822,872
6/30/2011 822,872
7/1/2011 822,872
7/2/2011 822,872
7/3/2011 822,872
7/4/2011 822,872
7/5/2011 990,991
7/6/2011 990,991
7/7/2011 990,991
7/8/2011 990,991
7/9/2011 990,991
7/10/2011 990,991
7/11/2011 990,991
7/12/2011 990,991
7/13/2011 990,991
7/14/2011 1,193,458
7/15/2011 1,193,458
7/16/2011 1,193,458
7/17/2011 1,193,458
7/18/2011 1,193,458
7/19/2011 1,193,458
7/20/2011 1,193,458
7/21/2011 1,193,458
7/22/2011 1,193,458
7/23/2011 1,437,290
7/24/2011 1,437,290
7/25/2011 1,437,290
7/26/2011 1,437,290
7/27/2011 1,437,290
7/28/2011 1,437,290
7/29/2011 1,437,290
7/30/2011 1,437,290
7/31/2011 1,437,290
8/1/2011 1,730,940
8/2/2011 1,730,940
8/3/2011 1,730,940
8/4/2011 1,730,940
8/5/2011 1,730,940
8/6/2011 1,730,940
8/7/2011 1,730,940
8/8/2011 1,730,940
8/9/2011 1,730,940
8/10/2011 2,084,584
8/11/2011 2,084,584
8/12/2011 2,084,584
8/13/2011 2,084,584
8/14/2011 2,084,584
8/15/2011 2,084,584
8/16/2011 2,084,584
8/17/2011 2,084,584
8/18/2011 2,084,584
8/19/2011 2,510,480
8/20/2011 2,510,480
8/21/2011 2,510,480
8/22/2011 2,510,480
8/23/2011 2,510,480
8/24/2011 2,510,480
8/25/2011 2,510,480
8/26/2011 2,510,480
8/27/2011 2,510,480
8/28/2011 3,023,390
8/29/2011 3,023,390
8/30/2011 3,023,390
8/31/2011 3,023,390
9/1/2011 3,023,390
9/2/2011 3,023,390
9/3/2011 3,023,390
9/4/2011 3,023,390
9/5/2011 3,023,390
9/6/2011 3,641,092
9/7/2011 3,641,092
9/8/2011 3,641,092
9/9/2011 3,641,092
9/10/2011 3,641,092
9/11/2011 3,641,092
9/12/2011 3,641,092
9/13/2011 3,641,092
full member
Activity: 281
Merit: 100
when is the next increase due?

In 1809 Blocks.

Give a man a fish, he eats for a day, teach a man to fish...

http://bitcoincharts.com/bitcoin/

Give a man a fish and you feed him for a day. Don't teach a man to fish, and you feed yourself. He's a grown man. Fishing's not that hard.

Ron Swanson
hero member
Activity: 602
Merit: 500
when is the next increase due?

In 1809 Blocks.

Give a man a fish, he eats for a day, teach a man to fish...

http://bitcoincharts.com/bitcoin/
hero member
Activity: 560
Merit: 500
Minds are like parachutes they work best when open
when is the next increase due?
sr. member
Activity: 252
Merit: 251
Between 750000 and 1.3 million.

Nice range.  Cheesy

I know, but should be pretty accurate. If I were to strictly narrow it down I'd estimate 1.1m to 1.3m. The 750 is a very optimistic estimate that will prob. break in next difficulty.
sr. member
Activity: 278
Merit: 250
Can someone have a guess for me?

Go get SgtSpike's Mine or Invest spreadsheet, plug in the numbers and your estimate for difficulty increase percentages, and then look at the second sheet. 

Doing that myself, I'd say we're looking at 1.2MM in about 30 days.

I'm not confident the network hashrate will continue to grow like it has the last few weeks.  58xx and 59xx cards are nearly all sold out and the super nerds who just came home from college and filled their moms' basements with rigs will be getting power bills and summer blackouts by then (at least in the US).

sr. member
Activity: 406
Merit: 250
Between 750000 and 1.3 million.

Nice range.  Cheesy
sr. member
Activity: 252
Merit: 251
Between 750000 and 1.3 million.
hero member
Activity: 560
Merit: 500
Minds are like parachutes they work best when open
Can someone have a guess for me?
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