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Title: Difficulty after reward drop Post by: jurasofish on September 18, 2012, 04:51:41 AM Hi all,
What do we think will happen to the difficulty as the reward drops to 25BTC/block? Will ASIC miners bring it up? Will it drop because mining is suddenly not feasible for FPGA and GPU miners? Personally I think it will drop, then rise back up a few weeks later when ASIC miners come into the game. I want to hear your opinions though. ---Edit: I made a bet for this: http://betsofbitco.in/item?id=673 Title: Re: Difficulty after reward drop Post by: Stephen Gornick on September 18, 2012, 06:05:13 AM Will it drop because mining is suddenly not feasible for FPGA and GPU miners? FPGAs have a ton better efficiency for electric consumption than do GPUs. I doubt any FPGAs will be unplugging for a while, and the same with GPUs where the electricity is fee (e.g., included in rent) Mostly what will matter is when the shipments begin to arrive. If they were to ship in quantity at the end of October I doubt the charts would even register a disturbance if half the GPUs start to unplug about a month later. Title: Re: Difficulty after reward drop Post by: byronbb on September 18, 2012, 08:27:40 PM Hi all, What do we think will happen to the difficulty as the reward drops to 25BTC/block? Will ASIC miners bring it up? Will it drop because mining is suddenly not feasible for FPGA and GPU miners? Personally I think it will drop, then rise back up a few weeks later when ASIC miners come into the game. I want to hear your opinions though. ---Edit: I made a bet for this: http://betsofbitco.in/item?id=673 http://betsofbitco.in/item?id=378 Title: Re: Difficulty after reward drop Post by: Korbman on September 29, 2012, 10:39:20 PM Hi all, What do we think will happen to the difficulty as the reward drops to 25BTC/block? Will ASIC miners bring it up? Will it drop because mining is suddenly not feasible for FPGA and GPU miners? Personally I think it will drop, then rise back up a few weeks later when ASIC miners come into the game. I want to hear your opinions though. ---Edit: I made a bet for this: http://betsofbitco.in/item?id=673 For the most part I agree with Stephen Gornick on this one, mainly since it depends on when people get their new devices. If they're mining via ASIC before the split, there probably won't be any change. GPUs would have dropped off by then, and mining with FPGAs and ASICs would still be quite profitable (though half as much). If FPGA and GPU mining are the only contenders at the split, I'd say there would be a drop in difficulty, though probably not by very much. Mining via GPU is barely profitable as is (for normal single/dual cards for the most part) so I imagine they'd drop off after their profits get cut. Anyone with FPGA or substantial GPU investments would keep going, though they wouldn't be making very much any more either. Title: Re: Difficulty after reward drop Post by: bitcon on October 15, 2012, 04:51:35 PM GPUs all going to Litecoin..... ASICS will only fill the gap, less coins will be available and price will skyrocket.
Title: Re: Difficulty after reward drop Post by: 🏰 TradeFortress 🏰 on October 16, 2012, 01:19:24 AM GPU miners are going to stop mining - that's really all.
Title: Re: Difficulty after reward drop Post by: odolvlobo on October 16, 2012, 07:28:33 AM GPUs all going to Litecoin..... ASICS will only fill the gap, less coins will be available and price will skyrocket. The amount of BTC available is always increasing. The reward halving just means that the increase becomes smaller. There is no reason for prices to skyrocket.Title: Re: Difficulty after reward drop Post by: stevegee58 on October 16, 2012, 10:03:00 AM This is of course one of many "what will happen after halving day" threads. However, it should be very interesting.
Title: Re: Difficulty after reward drop Post by: bitcon on October 16, 2012, 11:10:49 AM GPUs all going to Litecoin..... ASICS will only fill the gap, less coins will be available and price will skyrocket. The amount of BTC available is always increasing. The reward halving just means that the increase becomes smaller. There is no reason for prices to skyrocket.as demand for BTC continues its upward climb, and less coins will be available per day.. there's plenty of reason BTC could very well pass $17 this winter. Title: Re: Difficulty after reward drop Post by: Frequency on October 16, 2012, 07:49:37 PM GPUs all going to Litecoin..... ASICS will only fill the gap, less coins will be available and price will skyrocket. The amount of BTC available is always increasing. The reward halving just means that the increase becomes smaller. There is no reason for prices to skyrocket.as demand for BTC continues its upward climb, and less coins will be available per day.. there's plenty of reason BTC could very well pass $17 this winter. Title: Re: Difficulty after reward drop Post by: stepkrav on October 16, 2012, 07:58:26 PM not another "Difficulty after reward drop" thread. Search the forum first. Just saying...
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