Topic: Will the difficulty go down again ? (Read 9417 times)
I think the difficulty will remain almost the same for the coming update...
Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).
So, unfortunately for us home miners, there's room for movement.
I think the big break for home miners will come next year when the reward halves again. If not then, some time soon. The cost of running those big farms is going to outpace the reward shortly. Eventually I don't think farms will exist at all, it will all be small-time mining.
Contrary to popular belief, more mining farms are opening up and more chip designers are getting their hand into bitcoin to have more efficient ASIC. Home mining is a passe...
Totally agree with this point. Are we going to see home miners vanish and a back and forth battle between big farms that switch hardware on and off dependent on their hashing power, location, costs etc?
Probably we will see a day in future, when farmers will be using their paddy fields in off-season to implant solar miners. Then we will be at a position to say that mining is back to the hand of the public again.
Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).
So, unfortunately for us home miners, there's room for movement.
But a home miner or anyone that uses an electric spaceheater like this one below
beats a farm since the spaceheater is essentially free power for a miner.
My wife used spaceheaters for years. 900 watt setting. So an avalon 4.1 is dead quiet and 2 of them use 960 watt slightly under clocked. No farm competes with that since power = 0.
Once room is warm turn the miner off same as a space heater. So if you have avalon 4.1's underclock them and use them as space heaters you can mine for years with them.
A lot of complex shit will happen as miners fight over the coins.
Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).
So, unfortunately for us home miners, there's room for movement.
I think the big break for home miners will come next year when the reward halves again. If not then, some time soon. The cost of running those big farms is going to outpace the reward shortly. Eventually I don't think farms will exist at all, it will all be small-time mining.
Contrary to popular belief, more mining farms are opening up and more chip designers are getting their hand into bitcoin to have more efficient ASIC. Home mining is a passe...
Totally agree with this point. Are we going to see home miners vanish and a back and forth battle between big farms that switch hardware on and off dependent on their hashing power, location, costs etc?
Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).
So, unfortunately for us home miners, there's room for movement.
I think the big break for home miners will come next year when the reward halves again. If not then, some time soon. The cost of running those big farms is going to outpace the reward shortly. Eventually I don't think farms will exist at all, it will all be small-time mining.
Contrary to popular belief, more mining farms are opening up and more chip designers are getting their hand into bitcoin to have more efficient ASIC. Home mining is a passe...
bitcoin mining difficulty will continue to rise
check this site , here you can find current bitcoin difficulty, estimated next difficulty and the history of bitcoin mining difficulty also the historical charts
https://bitcoinwisdom.com/bitcoin/difficulty
check this site , here you can find current bitcoin difficulty, estimated next difficulty and the history of bitcoin mining difficulty also the historical charts
https://bitcoinwisdom.com/bitcoin/difficulty
Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).
So, unfortunately for us home miners, there's room for movement.
I think the big break for home miners will come next year when the reward halves again. If not then, some time soon. The cost of running those big farms is going to outpace the reward shortly. Eventually I don't think farms will exist at all, it will all be small-time mining.
when the difficulty is going down, that's a sign that people are unplugging machines, which means the network is bigger than it needs to be
It's usually because the price of BTC tanked.
when the difficulty is going down, that's a sign that people are unplugging machines, which means the network is bigger than it needs to be
we are down at the moment 0.2% to 2.95%
see chart here
http://btc.blockr.io/charts
feb 10 142
feb 11 159
feb 12 124
feb 13 144
normal is 144 so 4 x 144 = 576
the 4 days above are = 559 we are 17 blocks short of normal about - 2.95%
the s-3 is a white elephant in the room more then 50ph of them around the world getting .8 watts per gh.
reliable gear this gear is being turned on and off as we seesaw up and down each adjustment.
if your power is 12 cents and price is 208 your s-3 breaks even
if your power is 13 cents and price is 225 your s-3 breaks even
people are jumping back and forth with s-3's
see chart here
http://btc.blockr.io/charts
feb 10 142
feb 11 159
feb 12 124
feb 13 144
normal is 144 so 4 x 144 = 576
the 4 days above are = 559 we are 17 blocks short of normal about - 2.95%
the s-3 is a white elephant in the room more then 50ph of them around the world getting .8 watts per gh.
reliable gear this gear is being turned on and off as we seesaw up and down each adjustment.
if your power is 12 cents and price is 208 your s-3 breaks even
if your power is 13 cents and price is 225 your s-3 breaks even
people are jumping back and forth with s-3's
Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).
So, unfortunately for us home miners, there's room for movement.
Well that would be without any other overhead. No AC/Fans, location rental, employees, etc. (US would probably need insurance too)
My city (if you call 60K population a city) has $0.032 KWH power for "commercial" users over 50KW. Under 50KW is $0.048. Residential (what I pay) is $0.062
Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).
So, unfortunately for us home miners, there's room for movement.
Difficulty won't be dropping this period imho. Too much newer/more efficient hardware coming online.
Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.
Difficulty won't be dropping this period imho. Too much newer/more efficient hardware coming online.
at current network Hash Rate: of 315,619,866 GH/s
the estimated next mining difficulty is possibly : 40,593,388,140 that is lower then current mining difficulty 41,272,873,895
the estimated next mining difficulty is possibly : 40,593,388,140 that is lower then current mining difficulty 41,272,873,895
based on bitcoinwisdom the next difficulty will be another decrease -3.28%. I highly doubt its going to increase. Maybe if it stabilize around 300 we will start to see small increases but at these prices all the old miners greater than 1W per GH are going to be shut down
It's important to note that bitcoinwisdom isn't really very accurate in terms of it's projected difficulty change right after it's changed. It could easily swing to a positive number over the next 10 days.
As has been noted before, The "turn off" of inefficient mining hardware can be delayed by a number of things. It might well be less costly to the organization to mine at a small loss than incur a bigger loss by turning off a miner altogether.
based on bitcoinwisdom the next difficulty will be another decrease -3.28%. I highly doubt its going to increase. Maybe if it stabilize around 300 we will start to see small increases but at these prices all the old miners greater than 1W per GH are going to be shut down
Right now on https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 342719.0 (eta 6.5 days): 95718487513.6 / +131.9% [est.]
Next difficulty retarget occurs at block 342719.0 (eta 6.5 days): 95718487513.6 / +131.9% [est.]
And that, ladies and gentlemen, is an example of why you don't calculate hashrate / difficulty on a block-by-block basis (or however Alloscomp does it). It's terribly inaccurate.
yea.. i think it will go down as well.
It should..n I think it will! Hopefully sooner than later!
Right now on https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 342719.0 (eta 6.5 days): 95718487513.6 / +131.9% [est.]
yea.. i think it will go down as well.
It should..n I think it will! Hopefully sooner than later!
Jump to: