Estimated next level is over 170
Difficulty Rise Acceleration. How long? 5-20% jump for every check point until sun will fade away.
Topic: WTH BTC Jumped 20.06%. Is this a fricking Trend? - page 2. (Read 2034 times)
I like that Diff level is rocketing. I pay average 0.05€/kwh and all mine miners is used for space heating without option to use heatpumps so I can do profit even Diff level is 1000... Btw. Actually there is no even limit for that. It will be it in 2017. What comes to Bitcoin price, this around 300-400€/btc is good level I hope it going to be this level for years that price changes going to more stable.
Estimated next level is over 170
Difficulty Rise Acceleration. How long? 5-20% jump for every check point until sun will fade away.
Estimated next level is over 170
Difficulty Rise Acceleration. How long? 5-20% jump for every check point until sun will fade away.
This just comfirmes that the price needs to rise, otherwise miners would lose money -> stop mining. So my prediction is the difficulty pumping up just likes this, because of faster miners, so BTC has to take them in to account (they mine fast -> the difficulty rises faster).
This time last year whole pools announced they were shutting down because they couldn't make a profit from mining at the low prices Bitcoin had fallen to. The price dictates which miners continue mining, the miners don't dictate the price people are prepared to pay for a Bitcoin. The difficulty won't make the price rise.
Those costs per power unfortunately means it is next to impossible for any home miner to ever make a profit any more. Atleast I pay more than 0.2 per kw/h, which means that it is about break even before write-off of the equipment.
If you dont find the heat generated usefull, then yes its impossible for home miner to make a profit. About the break-even before write-off of the equipment, it is all based on future difficulty which is hard to predict, there were long periods with constant difficulty, so dont expect such difficulty increases forever.
This just comfirmes that the price needs to rise, otherwise miners would lose money -> stop mining. So my prediction is the difficulty pumping up just likes this, because of faster miners, so BTC has to take them in to account (they mine fast -> the difficulty rises faster).
You scared me I though BTC price jumped 20% Oh well... 
I though BTC price jumped 20% Oh well... 
it was expected, because...
1 antminer s7 can do 0.0164 btc daily equal to 0.5 monthly = $189
consumption of many big farm at 0.03-0.05 cent per kw/h is $45 per month, so you see still plenty of margin
the diff will increase even further at least until 200B, +50% more
1 antminer s7 can do 0.0164 btc daily equal to 0.5 monthly = $189
consumption of many big farm at 0.03-0.05 cent per kw/h is $45 per month, so you see still plenty of margin
the diff will increase even further at least until 200B, +50% more
Those costs per power unfortunately means it is next to impossible for any home miner to ever make a profit any more. Atleast I pay more than 0.2 per kw/h, which means that it is about break even before write-off of the equipment.
Guess i'll stick to buying directly instead of mining.
it was expected, because...
1 antminer s7 can do 0.0164 btc daily equal to 0.5 monthly = $189
consumption of many big farm at 0.03-0.05 cent per kw/h is $45 per month, so you see still plenty of margin
the diff will increase even further at least until 200B, +50% more
1 antminer s7 can do 0.0164 btc daily equal to 0.5 monthly = $189
consumption of many big farm at 0.03-0.05 cent per kw/h is $45 per month, so you see still plenty of margin
the diff will increase even further at least until 200B, +50% more
Well kinda looked at the difficulty jump for BTC it was a horror! I mean 20.06%!!!
So is this gonna be a trend for 1 more difficulty timeline...2 more.......4 more ..hell who knows 'secret data halls' and 'known data halls' it is like
an Illuminati conspiracy around here with all the btc/crypto soap opera action
Anyway looks like worst of all worlds lately .....and perhaps for a bit .....btc devs conflict/press FUD/difficulty huge rise(s)?/price kinda sucks/etc etc
So anyway this thread is to vent...how long is this gonna pop at this rate in folk's view?
NOT the way I pictured it at this point heading towards HALVING (my poor newbie 2013 self would have been so disappointed)
So feel free to comment on trends/info/data halls/etc that effect the above either briefly or long term so we can all 'brace ourselves'
BTC always the fun carnival ride..till you get off for a brief spell and then 'puke'
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