If difficulty keeps going down and price stays the same,more miners decide to turn off until a rise in price
wouldn't that be quite a problem ?
Topic: Will the difficulty go down again ? - page 2. (Read 9417 times)
The Ghash.io hash rate has been going down, so hopefully the difficulty will too.
ghash only makes up a very small percentage of the overall network (10% of last check) so them taking their cloud miners offline will likely have a very small impact on the overall network hashrate.The trend seems to be that a lot of people are having to take their equipment offline because of the lowered price. The current estimate is that the difficulty is going to decline by around 2.5% however it appears that it will probably end up going down by more then that based on the 506 average block time
The Ghash.io hash rate has been going down, so hopefully the difficulty will too.
Since difficulty adjustments are based on the amount of time required to solve 2016 blocks, downward adjustments must happen less often than upward ones. If the time required is less than 14 days, then the difficulty increases. Only if it takes longer than 14 days will will the difficulty decrease. In a sense the difficulty rises faster than it falls. There may also be some other limitations, but just based on the "14-day 2016 block" plan it falls slower than it rises.
When reading all these announcements of powering off miners and many cloud services I would expect that difficulty will go down. But waiting to happen.
Cex.IO said that they'll resume when the price will be 320 USD again.
https://bitcointalksearch.org/topic/m.10151684
https://bitcointalksearch.org/topic/m.10151684
So... never then?
Already crossed 200. Dont forget Tim Draper bought Silk Road bitcoina when it was at 600+. He has highly paid financial advisory group. They are not all fool at predicting the future price. But, well, may be not tomorrow...
Cex.IO said that they'll resume when the price will be 320 USD again.
https://bitcointalksearch.org/topic/m.10151684
https://bitcointalksearch.org/topic/m.10151684
So... never then?
Cex.IO said that they'll resume when the price will be 320 USD again.
https://bitcointalksearch.org/topic/m.10151684
https://bitcointalksearch.org/topic/m.10151684
sad news.
How things have turned out in last few days...
https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 338687.0 (eta 9.5 days): 45304559740.5 / +11.5% [est.]
https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 45,267,844,451 (+11.38%)
Adjust time: After 1518 Blocks, About 9.6 days
So, I assume, at 300+ USD, miners are still making profit.
https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 338687.0 (eta 9.5 days): 45304559740.5 / +11.5% [est.]
https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 45,267,844,451 (+11.38%)
Adjust time: After 1518 Blocks, About 9.6 days
So, I assume, at 300+ USD, miners are still making profit.
Difficulty jump is +8.19%.
Cex.io is closing its cloud mining operation.
I guess, more coming.
cex.io is really closing its farms ?
https://bitcointalksearch.org/topic/m.10128418
How things have turned out in last few days...
https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 338687.0 (eta 9.5 days): 45304559740.5 / +11.5% [est.]
https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 45,267,844,451 (+11.38%)
Adjust time: After 1518 Blocks, About 9.6 days
So, I assume, at 300+ USD, miners are still making profit.
https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 338687.0 (eta 9.5 days): 45304559740.5 / +11.5% [est.]
https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 45,267,844,451 (+11.38%)
Adjust time: After 1518 Blocks, About 9.6 days
So, I assume, at 300+ USD, miners are still making profit.
Difficulty jump is +8.19%.
Cex.io is closing its cloud mining operation.
I guess, more coming.
cex.io is really closing its farms ?
How things have turned out in last few days...
https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 338687.0 (eta 9.5 days): 45304559740.5 / +11.5% [est.]
https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 45,267,844,451 (+11.38%)
Adjust time: After 1518 Blocks, About 9.6 days
So, I assume, at 300+ USD, miners are still making profit.
https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 338687.0 (eta 9.5 days): 45304559740.5 / +11.5% [est.]
https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 45,267,844,451 (+11.38%)
Adjust time: After 1518 Blocks, About 9.6 days
So, I assume, at 300+ USD, miners are still making profit.
Difficulty jump is +8.19%.
Cex.io is closing its cloud mining operation.
I guess, more coming.
How things have turned out in last few days...
https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 338687.0 (eta 9.5 days): 45304559740.5 / +11.5% [est.]
https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 45,267,844,451 (+11.38%)
Adjust time: After 1518 Blocks, About 9.6 days
So, I assume, at 300+ USD, miners are still making profit.
https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 338687.0 (eta 9.5 days): 45304559740.5 / +11.5% [est.]
https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 45,267,844,451 (+11.38%)
Adjust time: After 1518 Blocks, About 9.6 days
So, I assume, at 300+ USD, miners are still making profit.
It will go up and will not come down unless the price of BTC crashes. I think we will see a point of more energy efficient equipment keeping a lot of people in the game. But there has to be a point of some large farms running old equipment that will either shut down or swap out to newer miners. I just dont think we will see the huge increases we saw in the past.
Agreed, I think we will see it go up and down in small percentages while the price continues to fall. The farms have to pay themselves off so I don't see them upgrading anytime soon. It should be an interesting 2015... The next great halving in 2016 should be interesting as well.
diff is poised to go up in 10-20% chunks each and every time in 2015. Bitmain selling S5 and the upcoming S6 in Q1'2015, Spondoolies selling SP20 and the upcoming models. Expect huge rise in total hashrate in the coming days. Miners will continue to mine. Old mining hardware are sold to unsuspecting noobies, they don't just get turned off and forgotten.
According to https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 336671.0 (eta 1.1 days): 40554014444.1 / +2.8% [est.]
According to https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 40,636,150,150 (+2.99%)
Adjust time: After 174 Blocks, About 1.1 days
Why is the difference in stat ?
Next difficulty retarget occurs at block 336671.0 (eta 1.1 days): 40554014444.1 / +2.8% [est.]
According to https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 40,636,150,150 (+2.99%)
Adjust time: After 174 Blocks, About 1.1 days
Why is the difference in stat ?
3 or 4 ways can be used to predict the number.
some sites use previous 1000+ blocks
some use previous 500 + blocks
some use every block since the last adjustment about 1950 as of now
http://www.bitcoincharts.com/
as of this post this site says new diff will be 40,186,743,801 you can be safe to say 40.1 to 40.9 will be it next time.
According to https://alloscomp.com/bitcoin/calculator
Next difficulty retarget occurs at block 336671.0 (eta 1.1 days): 40554014444.1 / +2.8% [est.]
According to https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 40,636,150,150 (+2.99%)
Adjust time: After 174 Blocks, About 1.1 days
Why is the difference in stat ?
Next difficulty retarget occurs at block 336671.0 (eta 1.1 days): 40554014444.1 / +2.8% [est.]
According to https://bitcoinwisdom.com/bitcoin/difficulty
Estimated Next Difficulty: 40,636,150,150 (+2.99%)
Adjust time: After 174 Blocks, About 1.1 days
Why is the difference in stat ?
It will go up and will not come down unless the price of BTC crashes. I think we will see a point of more energy efficient equipment keeping a lot of people in the game. But there has to be a point of some large farms running old equipment that will either shut down or swap out to newer miners. I just dont think we will see the huge increases we saw in the past.
I agree that miners will continue to evolve and become increasingly energy efficient, but the price point will also increase to a level that individuals are no longer in the game and the network will be solely run by large mining farms and organizations.
It will go up and will not come down unless the price of BTC crashes. I think we will see a point of more energy efficient equipment keeping a lot of people in the game. But there has to be a point of some large farms running old equipment that will either shut down or swap out to newer miners. I just dont think we will see the huge increases we saw in the past.
According to https://alloscomp.com/bitcoin/calculator...
Next difficulty retarget occurs at block 334655.0 (eta 3.2 days): 39547782382.4 / -1.1% [est.]
What is your opinion ?
Next difficulty retarget occurs at block 334655.0 (eta 3.2 days): 39547782382.4 / -1.1% [est.]
What is your opinion ?
The hashrate will continue to decline leading to a drop in difficulty.
Unless the community wakes up and starts to give at least 50% of its effort in integrating Bitcoin into payroll systems, we're going to see Bitcoin slowly fade away into the night. The only way to equalize the downward price pressure caused by the growth of BTC accepting merchants, is to pay people in Bitcoin.
No way. Even if the price continues to drop, newer hardware with higher efficiency is going to come on the market and increase the difficulty. I think Q1 2015 was slated to be the time for the release of the next gen ASICs.
The conversation started on Dec 13th when the predicted difficulty was -10% which prompted this thread.
Since then the POW for the paycoin has finished and all hashpower has naturally returned to bitcoin, hence the current difficulty expectation of +3.33% (as of the time of this post) which again was to be expected
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