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Bitcoin => Mining speculation => Topic started by: Obsi on September 30, 2012, 04:51:08 AM



Title: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Obsi on September 30, 2012, 04:51:08 AM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on September 30, 2012, 02:40:23 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

So..you're saying a 33x increase by summer? That would require a network hashrate of 726TH/s.

Let's take BFL's current preorder rate of 31TH/s...let's say double that for people that haven't put in their orders on the forum. So now 62TH/s.
Meh, let's double it again and assume that the other ASIC companies out there have just as many preorders combined to make a similar rate. Now we're up to 124TH/s.

This 124TH/s is going to be our base value for Q1 2013...you're predicting that the number of total orders (and overall devices in the wild) would increase 5.85 times within the next 6 months of Q1. The only way that would happen is if the following are met:
1) ASIC devices not only meet their predicted specs, but some exceed them
2) ASIC devices become extremely cheap
3) USD/BTC values skyrocket to new highs and stabilize up there

Only if all three of those conditions are met do I think the difficulty would reach that high...mainly since everyone and their grandma who even heard about bitcoin in passing would be trying to make some easy money with cheap ASIC devices.



Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: ercolinux on September 30, 2012, 03:24:12 PM
Maybe not 100.000.000 but neither only 17.000.000 as Korban say.
I extimate a 3-40.000.000 difficulty in 8-10 months: there are ASIC for 1THash/sec in delivery for the Q1 of 2013, but is not impossible to expect some 2 or 3THash/sec rig in near future.
The Korban prevision is based on the assumption that no one buy more ASIC after the first batch (or near so), but I think that for every ASIC preorderd at least another one can be sold in the next 4-6 months, doubing the difficulty.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: scrybe on September 30, 2012, 03:32:51 PM
I've got my eye on 58 million by 7/5/13, so your 100M would be less than twice as much. (edit: I kept reading double as doable)

I doubt we will see more than 70M, but 100M is almost a certainty by the end of 2013.

Current Prognostication from my optimistic model:
Block#   Date & Time   Block Time      Block Value      TimeToFind      2016 time         Global Payout $   Global Hashrate   Difficulty       USD/BTC Rate    Earnings per GH/day
245952   7/5/13 6:10      9.642791286   25         1166392.034   13.4999078   49000   $776,133.19    414641       57,924,637.73     $15.84       0.012155102

I do think we are going to see a bit of a bubble towards the end of the year, and a slump before growth returns in the spring or early summer.
Some implications of this:
  • More GPU's than expected are going to be forced from the market if the hasing rate is up in the 30 million range while BTC drops to the $4-8 range somewhere
  • Some FPGA's may even get turned off for a while.
  • Those expecting to "re-up" every 3-4 weeks as they make mining profits will see their timetables go to hell, or switch to saving

(oh, that is my Median Risk sheet BTW, I do have a model that hits 200M by E0Y 2013, but it is based on assumptions like 100% of BFL pre-orders numbers shipping, which are a bit unreasonable.


Well, that is my guess.
Someone witness this baby and we will see if it is ugly in 9 months.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on September 30, 2012, 03:43:44 PM
Maybe not 100.000.000 but neither only 17.000.000 as Korban say.
I extimate a 3-40.000.000 difficulty in 8-10 months: there are ASIC for 1THash/sec in delivery for the Q1 of 2013, but is not impossible to expect some 2 or 3THash/sec rig in near future.
The Korban prevision is based on the assumption that no one buy more ASIC after the first batch (or near so), but I think that for every ASIC preorderd at least another one can be sold in the next 4-6 months, doubing the difficulty.

How did you get those numbers?...and no where did I say anything 'no more purchases after the first batch'. I was just making numbers up for this example.

My actual research puts the difficulty at around 30M over the course of 12 months...but that's about to be updated given BFL's new product news, as well as increased ASIC competition and more preorders.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Obsi on September 30, 2012, 07:12:12 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

So..you're saying a 33x increase by summer? That would require a network hashrate of 726TH/s.

Let's take BFL's current preorder rate of 31TH/s...let's say double that for people that haven't put in their orders on the forum. So now 62TH/s.
Meh, let's double it again and assume that the other ASIC companies out there have just as many preorders combined to make a similar rate. Now we're up to 124TH/s.

This 124TH/s is going to be our base value for Q1 2013...you're predicting that the number of total orders (and overall devices in the wild) would increase 5.85 times within the next 6 months of Q1. The only way that would happen is if the following are met:
1) ASIC devices not only meet their predicted specs, but some exceed them
2) ASIC devices become extremely cheap
3) USD/BTC values skyrocket to new highs and stabilize up there

Only if all three of those conditions are met do I think the difficulty would reach that high...mainly since everyone and their grandma who even heard about bitcoin in passing would be trying to make some easy money with cheap ASIC devices.



I think we'll be in the PH/s range sometime next summer. BFL's bitpay order numbers are rising at ~81.5 per day. Assuming the orders average out to ~60 Ghash per order (which I don't think is too far off base with their current released specs, since there are multiple claimed SC rig orders, and orders of 6+ singles for one order number) that's ~5 Thash network growth per day just from BFL. Granted, many of those orders are probably not completed & paid for, but that is just the BitPay payment method we're looking at. People can also order through PayPal & Bank Wire.

Then you have 4-5 competitors releasing ASIC products as well. We've already seen a bit of competition driving the $/Ghash down, I think we'll see much more of that in the coming months. Some people have claimed that the chips can be produced for less than $1 per Ghash. If that is the case, I don't see how we won't have a multi-petahash network speed next year.

Of course this argument goes out the window if no one delivers on spec, but it will be interesting times for miners either way.

With the reward halving and coming ASIC price wars we might see first gen ASIC miners with high electricity rates priced out of the market sometime in 2013.



Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: ercolinux on September 30, 2012, 07:28:09 PM
How did you get those numbers?...and no where did I say anything 'no more purchases after the first batch'. I was just making numbers up for this example.

My actual research puts the difficulty at around 30M over the course of 12 months...but that's about to be updated given BFL's new product news, as well as increased ASIC competition and more preorders.

I think 30M will be reached in 8-9 months (unless more delay in ASIC production)
You consider only the preorder of BFL + a similar batch from other vendors and double it for security: total 124Thash. But Avalon has a preorder of 300 60GHash rigs alone for feb.2013 (18GHash) and say that another similar (or even bigger) batch will be ready after that date in few months, 62Thash will be from BFL and we are at 100THash by Apr-may. There are at least other 2 or 3 ASIC announced, if they will sell 60-80Thash in 6 months we are at 160-180GHash. Some FPGA and GPU miner still continue the operations due to free current or similar reason and we have reached the 30M.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on September 30, 2012, 09:04:00 PM
I think 30M will be reached in 8-9 months (unless more delay in ASIC production)

Well how about that..we're on the same page.

You consider only the preorder of BFL + a similar batch from other vendors and double it for security: total 124Thash.

Nope. Made up those numbers off the top of my head for an example.

But Avalon has a preorder of 300 60GHash rigs alone for feb.2013 (18GHash) and say that another similar (or even bigger) batch will be ready after that date in few months, 62Thash will be from BFL and we are at 100THash by Apr-may. There are at least other 2 or 3 ASIC announced, if they will sell 60-80Thash in 6 months we are at 160-180GHash.

Link to this?
And yes that seems about right. My actual prediction starts at 150TH/s and goes up to 250TH/s within a 12 month timeframe.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on September 30, 2012, 09:15:23 PM
I think we'll be in the PH/s range sometime next summer. BFL's bitpay order numbers are rising at ~81.5 per day. Assuming the orders average out to ~60 Ghash per order (which I don't think is too far off base with their current released specs, since there are multiple claimed SC rig orders, and orders of 6+ singles for one order number) that's ~5 Thash network growth per day just from BFL. Granted, many of those orders are probably not completed & paid for, but that is just the BitPay payment method we're looking at. People can also order through PayPal & Bank Wire.

Yeah, that's not quite likely. I alone have put in dozens of fake orders alone to test out different combinations of equipment. Turns out there are plenty of people out there like yourself that think I actually ordered all of them just because the order number incremented by 12.

Then you have 4-5 competitors releasing ASIC products as well. We've already seen a bit of competition driving the $/Ghash down, I think we'll see much more of that in the coming months. Some people have claimed that the chips can be produced for less than $1 per Ghash. If that is the case, I don't see how we won't have a multi-petahash network speed next year.

As impressive as that would be, it would also be the only way to achieve the PH/s mark you noted. At current prices, a 1PH/s network rate would mean you're $30,000 Mini Rig only churns out 200BTC a month. Granted that would mean about a 12 month payback (at the current rate of $12.35 USD/BTC), which isn't terrible. Buuttttt, if that rig price would drop to $3,000 or less, then I'd say your prediction is right on track.

Of course this argument goes out the window if no one delivers on spec, but it will be interesting times for miners either way.

True, but my guess is that it's pretty accurate. There are multiple companies offering roughly the same hash rate per chip...so either they're all conspiring against us or the chips do have some potential for high, sustainable rates.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Obsi on September 30, 2012, 09:37:21 PM
Yeah, that's not quite likely. I alone have put in dozens of fake orders alone to test out different combinations of equipment. Turns out there are plenty of people out there like yourself that think I actually ordered all of them just because the order number incremented by 12.

A single SC minirig order easily absorbs your fake/unpaid orders while still boosting the average order size.

Look at the stats here: https://bitcointalk.org/index.php?topic=89685.0

227 tracked orders

225 Jalapeno SC            
231 Single SC
21   Mini Rig SC

Total Hashrate on order from tracked "valid" orders: 46.3725 Thash

That's 200 Ghash per valid order. Do you think fake orders exceed real orders enough to bring that average down below 60 Ghash?

Assuming the average stays the same for unreported orders (which is a huge assumption I admit) and assuming half of all orders are fake, that means with 7678 orders in the pipeline, at 100 Ghash per order due to half being fake... there is 767.8 Thash just from one payment option from just one manufacturer.


Edit: Also note that this means the future network hashrate is growing at 4-5 Thash per day right now from this one order pipeline. So as BFL ramps up production and catches up to all these preorders we might see a very fast explosion in network speed coming over a timeframe of just a few months. Placing an order for hardware right now means once you receive it the network speed may very well exceed 1 Phash. Worst case scenario profitability calculations should take these possible factors into account.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on September 30, 2012, 09:57:22 PM
Total Hashrate on order from tracked "valid" orders: 46.3725 Thash

That's 200 Ghash per valid order. Do you think fake orders exceed real orders enough to bring that average down below 60 Ghash?

Assuming the average stays the same for unreported orders (which is a huge assumption I admit) and assuming half of all orders are fake, that means with 7678 orders in the pipeline, at 100 Ghash per order due to half being fake... there is 767.8 Thash just from one payment option from just one manufacturer.

Right, but those are also orders over the past 3 months. Granted with the updated news I'm sure more valid orders are going to go in (probably a lot more), but I just can't picture anything near 770TH/s..even when adding up all of the competition as well.

We'll just have to see where things go over the next 3 months. Maybe we'll have a better idea of the direction around then and we can speculate half as much :P


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: MrTeal on September 30, 2012, 10:07:43 PM
750TH/s is insane, and we won't be there by summer 2013. To get that hashrate using Minirig SC's, you'd need 500 of them or $15M worth of equipment. The market is getting bigger, but I don't think that there's going to be that much new equipment coming online in a half a year.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Obsi on September 30, 2012, 10:42:37 PM
Lets look at it from a different angle... from a quick count of FPGA singles orders that were tracked here:
https://bitcointalk.org/index.php?topic=77796.0

There appears to be 568. Now no one in his right mind would pass up the chance to upgrade those singles to ASICs. Either they will sell them to someone who intends to upgrade them or buy the upgrade themselves. The upgrade opportunity ends in March 2013 I believe. So what portion of FPGA singles are on that list? 10%? 50%? 90%?

So that portion of singles which have been tracked represents future hashing ability of 60 Ghash each.

568*60 Ghash = 34.08 Thash

What portion of all FPGA singles are tracked?
90%? = 37 Thash minimum network growth from BFL FPGA single upgrades alone
50%? = 68 Thash minimum network growth from BFL FPGA single upgrades alone
10%? = 340 Thash minimum network growth from BFL FPGA single upgrades alone

In addition, we've got mini-rig upgrades, flat out purchases, people just jumping in with a jally that never thought of mining before. The new SC single "lite" that is planned at 30 Ghash plus 4 or 5 other manufacturers filling up their preorder queues right now.



Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Graet on October 01, 2012, 12:33:04 AM
summer where?
Bitcoin is a lot international - for me summer is weeks away.....I cant see diff being that high in a few weeks :D



Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: hahahafr on October 01, 2012, 12:33:24 AM
In the next six months difficulty will gradually increase to 34x. After that the 2nd generation of ASICs will arrive and nobody knows how they gonna perform.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Obsi on October 01, 2012, 01:16:30 AM
summer where?
Bitcoin is a lot international - for me summer is weeks away.....I cant see diff being that high in a few weeks :D



To clarify, around June-July 2013.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on October 01, 2012, 01:31:06 AM
In the next six months difficulty will gradually increase to 34x. After that the 2nd generation of ASICs will arrive and nobody knows how they gonna perform.

Wrong. In the next six months the difficulty will increase 475x.

Oh I'm sorry, I thought we were pulling random numbers out of our asses.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: hahahafr on October 01, 2012, 02:50:07 AM
In the next six months difficulty will gradually increase to 34x. After that the 2nd generation of ASICs will arrive and nobody knows how they gonna perform.

Wrong. In the next six months the difficulty will increase 475x.

Oh I'm sorry, I thought we were pulling random numbers out of our asses.
https://bitcointalk.org/index.php?topic=110138.msg1234682#msg1234682


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Sitarow on October 01, 2012, 03:00:25 AM
In the next six months difficulty will gradually increase to 34x. After that the 2nd generation of ASICs will arrive and nobody knows how they gonna perform.

Wrong. In the next six months the difficulty will increase 475x.

Oh I'm sorry, I thought we were pulling random numbers out of our asses.

Then lets do the 4x max per difficulty cycle and assume that there will be 3 difficulty cyles within two 4 weeks from shipping.

If 30 of the estimated 46.3 TH/s from BFL source (https://bitcointalk.org/index.php?topic=89685.0) go live, that puts the  Network total to 53.144 Thash/s

At 23.2Thash/s the Estimated    difficulty will be 3,060,648 in 279 blks

Add 43.6% to the Estimated Difficulty.

At 53.2Thash/s the Estimated difficulty will be 4,395,090 add 6.5% for every 2 weeks that those 30Thash/s are not added to the network.

So if those 30Thash/s hit the network lets say November 7th 2012. We will see a new Estimated Difficulty the following week November 14th. Assuming the network speed at that time being 53.2Thash/s the difficulty would be 5,309,047.00

I expect that there will be another 30Thash/s getting onto the network during difficulty cycle that started November 14th.

By November 24th expect to see an Estimated difficulty increase between 8,302,870 and 8,703,651.

The max potential increase in dificulty cycle and assume that there will be 3 difficulty cyles within two 4 weeks from shipping would be 4x of the previous deficulty.

If we got a difficulty change in 5 days then 14 days the difficulty would be at a wapping 12,242,592 for the first difficulty increase (5-7 Days).
Followed by the next estimated difficulty 4x 12242592 = 48,970,368.


My personal numbers are calculated at the difficulty being as follows.

November 7-14th 2012 @ 5,309,047
November 18th - 24th 2012 @ 8,703,651


My personal maximum estimate because of other factors such as more ASIC's being added to the network then estimated.

November 7-14th 2012 @ 12,242,592
November 18th-24th 2012 @ 48,970,368


Note: This is my personal augmented reality perspective on the situation.



Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: squid on October 01, 2012, 03:35:24 AM
I doubt we see any ASIC until Dec at the earliest, personally I think Q1 2013 regardless of manufacturer.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: ercolinux on October 01, 2012, 04:54:29 AM
I think 30M will be reached in 8-9 months (unless more delay in ASIC production)

Well how about that..we're on the same page.

 :)

But Avalon has a preorder of 300 60GHash rigs alone for feb.2013 (18GHash) and say that another similar (or even bigger) batch will be ready after that date in few months, 62Thash will be from BFL and we are at 100THash by Apr-may. There are at least other 2 or 3 ASIC announced, if they will sell 60-80Thash in 6 months we are at 160-180GHash.

Link to this?
And yes that seems about right. My actual prediction starts at 150TH/s and goes up to 250TH/s within a 12 month timeframe.
[/quote]

I'd received a mail from Yifu Gou (the boss of Avalon) in which he say that the 300 units on preorder gone sold in 1 day and will be shipped before end feb.2013. Here there is the mail https://bitcointalk.org/index.php?topic=110090.420. Is not clearly stated that they will be ready with another batch but they continue to develop the ASIC, so is quite sure that there will be another batch in few months.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: robocoin on October 01, 2012, 01:26:12 PM
Imagine I will mine 0.5BTC/day in Q1 2013 :-X, when using a bASIC @58GHs. BTC/USD must be stable arround 25$ or I am not going to buy any mining hardware.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on October 01, 2012, 01:40:20 PM
I'd received a mail from Yifu Gou (the boss of Avalon) in which he say that the 300 units on preorder gone sold in 1 day and will be shipped before end feb.2013. Here there is the mail https://bitcointalk.org/index.php?topic=110090.420. Is not clearly stated that they will be ready with another batch but they continue to develop the ASIC, so is quite sure that there will be another batch in few months.

Ah, cool beans dude, thanks for posting that. I believed your statement before, but I like to have a reference in case they update it with new data :)


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: DoomDumas on October 01, 2012, 05:05:59 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

I agree...  Let's bet on it @ betsofbitco.in



Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: DoomDumas on October 01, 2012, 05:09:31 PM

1) ASIC devices not only meet their predicted specs, but some exceed them
2) ASIC devices become extremely cheap
3) USD/BTC values skyrocket to new highs and stabilize up there

IMHO : ASIC already seems to be exceeding spec.. and are cheap, maybe become extremely cheap this winter..

I've bet on a 100 U$ / BTC before 2014 !  :D


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on October 01, 2012, 05:19:30 PM

1) ASIC devices not only meet their predicted specs, but some exceed them
2) ASIC devices become extremely cheap
3) USD/BTC values skyrocket to new highs and stabilize up there

IMHO : ASIC already seems to be exceeding spec.. and are cheap, maybe become extremely cheap this winter..

Haha I know, right. The day I posted that was the day BFL had me cross off #1 on that list with their updated specs  ;D


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: jjiimm_64 on October 02, 2012, 03:01:20 AM
In the next six months difficulty will gradually increase to 34x. After that the 2nd generation of ASICs will arrive and nobody knows how they gonna perform.

Wrong. In the next six months the difficulty will increase 475x.

Oh I'm sorry, I thought we were pulling random numbers out of our asses.

Then lets do the 4x max per difficulty cycle and assume that there will be 3 difficulty cyles within two 4 weeks from shipping.

If 30 of the estimated 46.3 TH/s from BFL source (https://bitcointalk.org/index.php?topic=89685.0) go live, that puts the  Network total to 53.144 Thash/s

At 23.2Thash/s the Estimated    difficulty will be 3,060,648 in 279 blks

Add 43.6% to the Estimated Difficulty.

At 53.2Thash/s the Estimated difficulty will be 4,395,090 add 6.5% for every 2 weeks that those 30Thash/s are not added to the network.

So if those 30Thash/s hit the network lets say November 7th 2012. We will see a new Estimated Difficulty the following week November 14th. Assuming the network speed at that time being 53.2Thash/s the difficulty would be 5,309,047.00

I expect that there will be another 30Thash/s getting onto the network during difficulty cycle that started November 14th.

By November 24th expect to see an Estimated difficulty increase between 8,302,870 and 8,703,651.

The max potential increase in dificulty cycle and assume that there will be 3 difficulty cyles within two 4 weeks from shipping would be 4x of the previous deficulty.

If we got a difficulty change in 5 days then 14 days the difficulty would be at a wapping 12,242,592 for the first difficulty increase (5-7 Days).
Followed by the next estimated difficulty 4x 12242592 = 48,970,368.


My personal numbers are calculated at the difficulty being as follows.

November 7-14th 2012 @ 5,309,047
November 18th - 24th 2012 @ 8,703,651


My personal maximum estimate because of other factors such as more ASIC's being added to the network then estimated.

November 7-14th 2012 @ 12,242,592
November 18th-24th 2012 @ 48,970,368


Note: This is my personal augmented reality perspective on the situation.



as much as i hate to say it..  this conjecture seams the best so far!


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: YokoToriyama on October 02, 2012, 03:45:03 AM
thats a scary number 100 Million LOL ... i doubt it
depending on how many people order mini rig's and such
and also if new hardware comings out again but still
look for longs its taking for stuff to come out now...


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on October 02, 2012, 02:36:16 PM
Then lets do the 4x max per difficulty cycle and assume that there will be 3 difficulty cyles within two 4 weeks from shipping.

If 30 of the estimated 46.3 TH/s from BFL source (https://bitcointalk.org/index.php?topic=89685.0) go live, that puts the  Network total to 53.144 Thash/s

At 23.2Thash/s the Estimated    difficulty will be 3,060,648 in 279 blks

Add 43.6% to the Estimated Difficulty.

At 53.2Thash/s the Estimated difficulty will be 4,395,090 add 6.5% for every 2 weeks that those 30Thash/s are not added to the network.

So if those 30Thash/s hit the network lets say November 7th 2012. We will see a new Estimated Difficulty the following week November 14th. Assuming the network speed at that time being 53.2Thash/s the difficulty would be 5,309,047.00

I expect that there will be another 30Thash/s getting onto the network during difficulty cycle that started November 14th.

By November 24th expect to see an Estimated difficulty increase between 8,302,870 and 8,703,651.

The max potential increase in dificulty cycle and assume that there will be 3 difficulty cyles within two 4 weeks from shipping would be 4x of the previous deficulty.

If we got a difficulty change in 5 days then 14 days the difficulty would be at a wapping 12,242,592 for the first difficulty increase (5-7 Days).
Followed by the next estimated difficulty 4x 12242592 = 48,970,368.


My personal numbers are calculated at the difficulty being as follows.

November 7-14th 2012 @ 5,309,047
November 18th - 24th 2012 @ 8,703,651


My personal maximum estimate because of other factors such as more ASIC's being added to the network then estimated.

November 7-14th 2012 @ 12,242,592
November 18th-24th 2012 @ 48,970,368


Note: This is my personal augmented reality perspective on the situation.



Now THAT'S how you argue a point...by throwing down some arithmetic and reasoning to show how you got to your estimates :)

Though I'm not sure I can picture reaching your "end of November" max numbers, I'm 100% with you on the minimums.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Sitarow on October 03, 2012, 02:04:24 AM
Though I'm not sure I can picture reaching your "end of November" max numbers, I'm 100% with you on the minimums.

A single re-target never changes the target by more than a factor of 4 either way to prevent large changes in difficulty.

The question now is how many days it will take before the next difficulty change.

The code that enforces this is located here.

https://github.com/bitcoin/bitcoin/blob/d62a1947be5350ed60066ccacc7aba43bbdf48fb/src/main.cpp#L857


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: jjiimm_64 on October 03, 2012, 02:20:28 AM
Though I'm not sure I can picture reaching your "end of November" max numbers, I'm 100% with you on the minimums.

A single re-target never changes the target by more than a factor of 4 either way to prevent large changes in difficulty.

The question now is how many days it will take before the next difficulty change.

The code that enforces this is located here.

https://github.com/bitcoin/bitcoin/blob/d62a1947be5350ed60066ccacc7aba43bbdf48fb/src/main.cpp#L857

good call:

    if (nActualTimespan < nTargetTimespan/4)
        nActualTimespan = nTargetTimespan/4;
    if (nActualTimespan > nTargetTimespan*4)
        nActualTimespan = nTargetTimespan*4;


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Desolator on October 04, 2012, 05:55:55 PM
my extremely elaborate estimate puts it at 20.344x and it was quite conservative so your 33x is probably about right.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: hahahafr on October 06, 2012, 08:17:19 PM
my extremely elaborate estimate puts it at 20.344x and it was quite conservative so your 33x is probably about right.
Yes, somewhere between 20x and 33x is the real value.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: 420 on December 25, 2012, 11:55:46 PM
where's the official bet?


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: YipYip on December 26, 2012, 03:44:19 AM
where's the official bet?

I am Australian so will bet on anything

Give me an exact date and I will put 5 BTC that says No to 100 million :D



Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: crazyates on December 26, 2012, 04:52:20 AM
I am Australian so will bet on anything
I don't really see the connection? ???


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: YipYip on December 26, 2012, 05:19:26 AM
Australian culture will have an Asustralian bet on a fly walking or flying up a wall

So ..instead of blah blah blah this that woulda coulda shoulda

Lets put money on it .. :D


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: nibor on December 28, 2012, 05:21:18 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

I agree based on BFL saying that their 1st batch of asics is 100k chips:

https://bitcointalk.org/index.php?topic=128414.0


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Desolator on December 28, 2012, 09:20:49 PM
I've been away for a bit (and have no pre-orders, lol) so when exactly is the new alleged release date for BFL products?  I'll laugh if they get beat by another company like the one making Avalons.  I figured from the beginning they were lying about the date just to get the most pre-orders since it's such a time sensitive thing.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: 420 on December 28, 2012, 10:28:52 PM
I've been away for a bit (and have no pre-orders, lol) so when exactly is the new alleged release date for BFL products?  I'll laugh if they get beat by another company like the one making Avalons.  I figured from the beginning they were lying about the date just to get the most pre-orders since it's such a time sensitive thing.

exactly 4-6 weeks

[/troll]


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Desolator on December 28, 2012, 11:11:41 PM
That's not the end of November.  That's not the end of November at all, rofl.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: rini17 on December 29, 2012, 12:07:45 AM
where's the official bet?

The only offer so far available for X.IDIFF.JUN future (http://mpex.co/?mpsic=X.IDIFF.JUN) on MPEx indicates that seller expects difficulty to end up well below 77 million. Whoever really believes it's going to be over 100 million, go there and buy it. If you disagree, also go there and sell ;)


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: crazyates on December 29, 2012, 12:13:47 AM
I've been away for a bit (and have no pre-orders, lol) so when exactly is the new alleged release date for BFL products?  I'll laugh if they get beat by another company like the one making Avalons.  I figured from the beginning they were lying about the date just to get the most pre-orders since it's such a time sensitive thing.
They announced a 30-day delay around the middle of December. ATM, they should get their chips around Jan 15th.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: smoothie on December 29, 2012, 12:59:17 AM
I've been away for a bit (and have no pre-orders, lol) so when exactly is the new alleged release date for BFL products?  I'll laugh if they get beat by another company like the one making Avalons.  I figured from the beginning they were lying about the date just to get the most pre-orders since it's such a time sensitive thing.
They announced a 30-day delay around the middle of December. ATM, they should get their chips around Jan 15th.

Just like they SHOULD have shipped in October, November, and December...lol


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: crazyates on December 29, 2012, 02:27:28 AM
I've been away for a bit (and have no pre-orders, lol) so when exactly is the new alleged release date for BFL products?  I'll laugh if they get beat by another company like the one making Avalons.  I figured from the beginning they were lying about the date just to get the most pre-orders since it's such a time sensitive thing.
They announced a 30-day delay around the middle of December. ATM, they should get their chips around Jan 15th.
Just like they SHOULD have shipped in October, November, and December...lol
Hardy har har I wish I'd heard that joke before! You're so funny! He asked for the current estimate, and that's what I gave him.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Desolator on January 18, 2013, 02:48:34 PM
I've been away for a bit (and have no pre-orders, lol) so when exactly is the new alleged release date for BFL products?  I'll laugh if they get beat by another company like the one making Avalons.  I figured from the beginning they were lying about the date just to get the most pre-orders since it's such a time sensitive thing.
They announced a 30-day delay around the middle of December. ATM, they should get their chips around Jan 15th.

It looks like...NOPE! lol.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on January 18, 2013, 02:59:10 PM
I've been away for a bit (and have no pre-orders, lol) so when exactly is the new alleged release date for BFL products?  I'll laugh if they get beat by another company like the one making Avalons.  I figured from the beginning they were lying about the date just to get the most pre-orders since it's such a time sensitive thing.
They announced a 30-day delay around the middle of December. ATM, they should get their chips around Jan 15th.

It looks like...NOPE! lol.

Hindsight is always 20/20


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: johnwhitestar on January 18, 2013, 03:14:01 PM
And where is Obsi right now with my BTCs I invested on him through GLBSE?  ;)


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: 420 on January 19, 2013, 06:15:26 AM
http://betsofbitco.in or http://bitbet.us or your opinion doesn't count


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: nathanrees19 on January 19, 2013, 02:14:36 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

It's summer right now, and the difficulty is 3M. Sorry.

BTW, in case you didn't realise, the southern hemisphere:

  • exists
  • has people living in it
  • has a 6 month phase offset for seasons


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: greyhawk on January 19, 2013, 02:16:50 PM
Is it November yet?


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: mobodick on January 25, 2013, 05:59:37 AM
Is it November yet?

nah., someone reset the counter.. its january again..


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: greyhawk on January 25, 2013, 01:23:11 PM
Is it November yet?

nah., someone reset the counter.. its january again..


If time keeps fragmenting like that, this is going to be worse than Final Fantasy VIII.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Desolator on January 25, 2013, 04:06:49 PM
I've been away for a bit (and have no pre-orders, lol) so when exactly is the new alleged release date for BFL products?  I'll laugh if they get beat by another company like the one making Avalons.  I figured from the beginning they were lying about the date just to get the most pre-orders since it's such a time sensitive thing.
They announced a 30-day delay around the middle of December. ATM, they should get their chips around Jan 15th.

It looks like...NOPE! lol.

Hindsight is always 20/20

First of all, 20/15 is the best visual rating.  I don't know what people say 20/20, as that's an expected average which doesn't imply very good vision, merely acceptable vision.  Secondly, I could dig up posts from a long ass time ago telling people that they're not going to ship on time.  You know who else said they're not going to ship on time around July 2012?  Butterfly Labs on their own website :P


And I think we all know the southern hemisphere is just a myth.  It is obviously not a real place.  For example, Lord of the Rings was allegedly filmed there.  Dragons and hobbits and Sauron do not really exist so obviously neither does the southern hemisphere.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on January 25, 2013, 05:53:58 PM
Hindsight is always 20/20

First of all, 20/15 is the best visual rating.  I don't know what people say 20/20, as that's an expected average which doesn't imply very good vision, merely acceptable vision.

Ah, you must be unfamiliar with the phrase..and standard optometry for that matter as 20/15 isn't the best visual rating...20/.000∞ is (obviously).


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: 420 on January 25, 2013, 11:21:52 PM
[Unsubbed]


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: NEO2012 on March 07, 2013, 06:07:17 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D


well amaterours deel wit difictulty

there is  over 1000th preoprdered in the pipepline

witch is 139 million

only problem is bfl will not deliver till demcember or 2014 that


but ur correct


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: MrTeal on March 07, 2013, 06:10:43 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D


well amaterours deel wit difictulty

there is  over 1000th preoprdered in the pipepline

witch is 139 million

only problem is bfl will not deliver till demcember or 2014 that


but ur correct

Sigh... Proof?


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: NEO2012 on March 07, 2013, 06:28:00 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D


well amaterours deel wit difictulty

there is  over 1000th preoprdered in the pipepline

witch is 139 million

only problem is bfl will not deliver till demcember or 2014 that


but ur correct

Sigh... Proof?

if my memory is not mistake mrteal ur a bfl fan boy

proof number 1

and number 2

bfl   said to ahve 75k chips ordered witch then will nto deliver  anytime soon cristma best case scenario

with all other alraedy shipping like 
avalon
primeasic
and rest

we have 1000th

and u know it

hey send me a prv msg  if bfl  pays in btc not promised   imaginary asics in the future like u geting paid in

send me link i troll for them 2


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: MrTeal on March 07, 2013, 06:46:12 PM
if my memory is not mistake mrteal ur a bfl fan boy

proof number 1

and number 2

bfl   said to ahve 75k chips ordered witch then will nto deliver  anytime soon cristma best case scenario

with all other alraedy shipping like 
avalon
primeasic
and rest

we have 1000th

and u know it

LOL... I'm a BFL fanboy? That's a good one.

BFL has ~555TH/s worth of ASIC incoming, but there's no indication that they've actually sold that many. Their actual preorder number could be and likely is significantly less.
bASIC imploded. They may still have preorders (or at least the money), but no one is ever getting a product.
Avalon sold a total of 900 66GH/s units between their two batches. Even if you add in another 600 units sold on the side to Chinese customers (which is a huge stretch) that is only 100TH/s worth of preorder sales.
No one's paid for a Helveticoin unit.
Only one person has come forward and admitted to being crazy enough to send PrimeASIC money.
There is no way that there is already 1PH/s worth of preorders paid for and in the pipeline.

The fact that you consider PrimeASIC already shipping says a lot about your credibility, TBH.

hey send me a prv msg  if bfl  pays in btc not promised   imaginary asics in the future like u geting paid in

send me link i troll for them 2

What?


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on March 07, 2013, 07:06:09 PM
hey send me a prv msg  if bfl  pays in btc not promised   imaginary asics in the future like u geting paid in

send me link i troll for them 2

What?

Relax, he's just trolling the shit out of the mining speculation subforum with terrible grammar and zero logic. I ignored him when he hit 13 posts (a new record for any newbie, by the way).


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: NEO2012 on March 07, 2013, 07:24:53 PM
hey send me a prv msg  if bfl  pays in btc not promised   imaginary asics in the future like u geting paid in

send me link i troll for them 2

What?

Relax, he's just trolling the shit out of the mining speculation subforum with terrible grammar and zero logic. I ignored him when he hit 13 posts (a new record for any newbie, by the way).

wtf is a troll? anyway


i dont get it

gypsy corbs talking sheat or what?:)

dont make use wiki now


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: erem on July 01, 2013, 03:51:46 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

summer arrives. Your hit was 5 times to big :)


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: k9quaint on July 01, 2013, 04:00:17 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

summer arrives. Your hit was 5 times to big :)

Well, he still has two more months. The term Summer 2013 is not a point in time but a range in time, from June 21st to September 21st.
He could still make it, but it is gonna be rough.

Great thread bump though ;)


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: johnwhitestar on July 01, 2013, 08:00:08 PM
But OBSI has run with the money of his investors


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: FiatKiller on July 01, 2013, 08:06:20 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

summer arrives. Your hit was 5 times to big :)

Well, he still has two more months. The term Summer 2013 is not a point in time but a range in time, from June 21st to September 21st.
He could still make it, but it is gonna be rough.

Great thread bump though ;)

He said when "Summer arrives" i.e. June 21st-22nd. So prediction was def off.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: k9quaint on July 01, 2013, 08:45:58 PM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

summer arrives. Your hit was 5 times to big :)

Well, he still has two more months. The term Summer 2013 is not a point in time but a range in time, from June 21st to September 21st.
He could still make it, but it is gonna be rough.

Great thread bump though ;)

He said when "Summer arrives" i.e. June 21st-22nd. So prediction was def off.

He said to bump the thread when summer arrives. His prediction was "I Predict Difficulty Will Be Over 100 Million by Summer 2013".


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: FiatKiller on July 01, 2013, 09:21:48 PM
In other words to see if he was correct. Someone help me out here...  lol


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: k9quaint on July 01, 2013, 09:55:39 PM
In other words to see if he was correct. Someone help me out here...  lol

I think we are hung up on the legal definition vs the colloquial definition.
'by" can mean one of the following:
1: in proximity to : near <standing by the window>
2a : through or through the medium of : via <enter by the door>
2b : in the direction of : toward <north by east>
2c : into the vicinity of and beyond : past <went right by him>
3a : during the course of <studied by night>
3b : not later than <by 2 p.m.>
4a : through the agency or instrumentality of <by force>
4b : born or begot of
4c : sired or borne by
5: with the witness or sanction of <swear by all that is holy>
6a : in conformity with <acted by the rules>
6b : according to <called her by name>
7a : on behalf of <did right by his children>
7b : with respect to <a lawyer by profession>
8a : in or to the amount or extent of <win by a nose>
8b chiefly Scottish : in comparison with : beside

I think this usage would be definition 3b or possibly 3a.
So read his statement like this "I predict difficulty will be over 100 million during the course of summer 2013"
or like this "I predict difficulty will be over 100 million not later than summer 2013".
To me that seems like summer counts. /shrug






Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on July 01, 2013, 10:17:14 PM
So read his statement like this "I predict difficulty will be over 100 million during the course of summer 2013"
or like this "I predict difficulty will be over 100 million not later than summer 2013".
To me that seems like summer counts. /shrug

So if I say "I'll be at work by 8am", I really mean "between 8am and 8:59:59am"?


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: k9quaint on July 01, 2013, 10:33:06 PM
So read his statement like this "I predict difficulty will be over 100 million during the course of summer 2013"
or like this "I predict difficulty will be over 100 million not later than summer 2013".
To me that seems like summer counts. /shrug

So if I say "I'll be at work by 8am", I really mean "between 8am and 8:59:59am"?

8am is a specific point in time. 8:01am is different than 8am. If you said you will be back at work by mid-afternoon, does that mean precisely 3pm? Or does it mean a range of time around 3pm?


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Mabsark on July 02, 2013, 02:12:26 AM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

summer arrives. Your hit was 5 times to big :)

Well, he still has two more months. The term Summer 2013 is not a point in time but a range in time, from June 21st to September 21st.
He could still make it, but it is gonna be rough.

Great thread bump though ;)

He said when "Summer arrives" i.e. June 21st-22nd. So prediction was def off.

He said to bump the thread when summer arrives. His prediction was "I Predict Difficulty Will Be Over 100 Million by Summer 2013".

That actually means before the beginning of Summer, or to put it another way, by the end of Spring.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: k9quaint on July 02, 2013, 04:22:38 AM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

summer arrives. Your hit was 5 times to big :)

Well, he still has two more months. The term Summer 2013 is not a point in time but a range in time, from June 21st to September 21st.
He could still make it, but it is gonna be rough.

Great thread bump though ;)

He said when "Summer arrives" i.e. June 21st-22nd. So prediction was def off.

He said to bump the thread when summer arrives. His prediction was "I Predict Difficulty Will Be Over 100 Million by Summer 2013".

That actually means before the beginning of Summer, or to put it another way, by the end of Spring.

You only read the first half of the thread, didn't you.  ;)


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Korbman on July 02, 2013, 12:12:11 PM
So read his statement like this "I predict difficulty will be over 100 million during the course of summer 2013"
or like this "I predict difficulty will be over 100 million not later than summer 2013".
To me that seems like summer counts. /shrug

So if I say "I'll be at work by 8am", I really mean "between 8am and 8:59:59am"?

8am is a specific point in time. 8:01am is different than 8am. If you said you will be back at work by mid-afternoon, does that mean precisely 3pm? Or does it mean a range of time around 3pm?

I see what you're saying.

So if I switch it up to " I'll have the project done by Friday ", what does that mean to you? To me (and my employers are least), it means that by Friday morning when I arrive everything is done so we can go over it ..not 11:59pm that Friday night.

Anyway, I don't even know why we're arguing this haha ..difficulty isn't going to get past 100m by the end of September. :P


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: FiatKiller on July 02, 2013, 01:48:48 PM
Let's all just agree that K9 is wrong.  lol

I do think it could hit 70M easily by SEP because if it keeps going up 25% every 2 weeks then do the math...

7/15 - ~25
8/1 - 31
8/15 - 47
8/30 - 70

BFL is starting to gear-up the faster units shipping and another Avalon batch coming, and the Block Eruptors...

Another pet peeve: If it's early in the week,  I hate it when people say "next Friday" when they actually mean "this Firday"
or even "Friday". Ugh.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Miz4r on July 02, 2013, 02:21:16 PM
Let's all just agree that K9 is wrong.  lol

I do think it could hit 70M easily by SEP because if it keeps going up 25% every 2 weeks then do the math...

7/15 - ~25
8/1 - 31
8/15 - 47
8/30 - 70

BFL is starting to gear-up the faster units shipping and another Avalon batch coming, and the Block Eruptors...

Another pet peeve: If it's early in the week,  I hate it when people say "next Friday" when they actually mean "this Firday"
or even "Friday". Ugh.

It's not going up 25% every 2 weeks, especially not now the price of BTC is going down. Last difficulty increase was only 10%, and the next jump is estimated to be about the same or a bit lower even. Now there will be bigger jumps in the near future as larger batches of ASICs arrive but a constant increase of 25% is not realistic. 35M difficulty by September would be my estimate, but it could be lower if the price of BTC continues to drop.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: k9quaint on July 02, 2013, 05:12:21 PM
So read his statement like this "I predict difficulty will be over 100 million during the course of summer 2013"
or like this "I predict difficulty will be over 100 million not later than summer 2013".
To me that seems like summer counts. /shrug

So if I say "I'll be at work by 8am", I really mean "between 8am and 8:59:59am"?

8am is a specific point in time. 8:01am is different than 8am. If you said you will be back at work by mid-afternoon, does that mean precisely 3pm? Or does it mean a range of time around 3pm?

I see what you're saying.

So if I switch it up to " I'll have the project done by Friday ", what does that mean to you? To me (and my employers are least), it means that by Friday morning when I arrive everything is done so we can go over it ..not 11:59pm that Friday night.

Anyway, I don't even know why we're arguing this haha ..difficulty isn't going to get past 100m by the end of September. :P

Good example of using a day of the week to specify a range of time. Substituting in the two most relevant definitions of "by" we get:
"I'll have the project done not later than Friday."
"I'll have the project done during the course of Friday."
What does "not later than Friday mean"? To me, later than Friday means sometime that is not Friday, which would be Saturday.
Also you could say "I'll have the project done not later than 2-5pm". You are specifying a window of time during which the project will complete.

It is just an interesting discussion to me because I have seen so many bets hinge on imprecise wording.
It would be unlikely that difficulty will hit 100M by Sept 21st, but kind of cool that the OP called it back in Sept 2012.  :D


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: Miz4r on July 02, 2013, 06:11:22 PM
The discussion should be very simple since this is what the OP said in his first post:

This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

Summer has arrived and we're at 21.3M difficulty. OP was wrong, end of discussion. :P


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: pikeadz on July 02, 2013, 10:47:38 PM
Wow, how wrong you were. 


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: rpg on August 22, 2013, 01:19:41 AM
This is mostly for my own amusement. Bump this to tell me how wrong or right I was when summer arrives  ;D

not too far. we still have a month to the end of the summer


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: thecube891 on August 22, 2013, 04:54:51 PM
well, you really weren't too wrong.
but i guess you were also thinking that BFL and the others would ship on time, that would have made the difficulty rise!


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: WhiteBeard on August 24, 2013, 02:47:42 PM
Difficulty just hit 65.8M about 3 minutes ago!! :-\


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: i3one21 on August 24, 2013, 06:04:23 PM
I just saw 95.2 million.


Title: Re: I Predict Difficulty Will Be Over 100 Million by Summer 2013
Post by: WhiteBeard on August 25, 2013, 04:43:14 AM
 :o  I certainly hope not!  My BFL stuff isn't here yet... :'(

I may have to go pre-order a Monarch!   ;)