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Title: The Thash rate looks to be creeping up Post by: notig on February 11, 2013, 05:34:05 AM I could be wrong since I don't follow the network that closely but it looks like it's gaining some momentum. Asics here we come?
I ordered one from BFL :( Title: Re: The Thash rate looks to be creeping up Post by: solex on February 11, 2013, 06:55:50 AM Was looking at this on bitcoincharts (http://bitcoincharts.com/charts)
Blocks 220633 Total BTC 10.766M Difficulty 3275465 Estimated 3458370 in 1127 blks Network total 29.435 Thash/s Blocks/hour 7.53 / 478 s Is it a record projected difficulty? Title: Re: The Thash rate looks to be creeping up Post by: The Fool on February 11, 2013, 07:30:40 AM Difficulty 3275465 Estimated 3458370 in 1127 blks God help us all. Title: Re: The Thash rate looks to be creeping up Post by: vdragon on February 11, 2013, 09:47:57 AM I think there was something like that before new year. I was watching who mined the blocks last two weeks and there are 2 possibilities. Either some asic maker is screwing over their customers and decides to solo mine some to make extra money since a few days back someone solo mined 55 blocks in 13 hours, or there is someone running a huge botnet that is more likely to happen. Also you have to take in consideration that many old miners turned on their rigs because of high price. Some even bought new cards since the 7950 is cheap
Title: Re: The Thash rate looks to be creeping up Post by: Stephen Gornick on February 11, 2013, 10:52:50 AM Estimated 3458370 in 1127 blks Is it a record projected difficulty? That would just squeak past the record prior high, yes: 3,438,909 - http://blockexplorer.com/b/209664 History of difficulties: - https://docs.google.com/a/digicoast.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc#gid=0 Title: Re: The Thash rate looks to be creeping up Post by: Puppet on February 11, 2013, 11:04:54 AM No sign of asics that I can see, more noise than signal:
http://bitcoin.sipa.be/speed-lin-10k.png Title: Re: The Thash rate looks to be creeping up Post by: Graet on February 12, 2013, 03:07:59 AM don't forget the effect of Bitcoins price doubling over the last few weeks
GPUs are being turned back on due to better profitability Just had a guy drop into IRC that hasn't mined for months - he fired up his GPUs when he saw the current price there are 2 known ASIC in the wild, one runs @ 60GH the other at 80GH Title: Re: The Thash rate looks to be creeping up Post by: Lethn on February 12, 2013, 09:18:22 AM Finally! No more stupid mining, Bitcoin will be used as an actual currency now :)
Title: Re: The Thash rate looks to be creeping up Post by: solex on February 12, 2013, 10:06:31 AM History of difficulties: - https://docs.google.com/a/digicoast.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc#gid=0 Stephen, that's a very interesting spreadsheet. It can be extended further by adding a new column which is: log10 (difficulty / mtgox price) Plot this on a line graph and it can be seen that there is a steady increase in profitability of mining over time. Despite the increasing difficulty the BTC price more than makes up for it. This is very good for the future of bitcoin. Graet's anecdotal evidence is supportive. Title: Re: The Thash rate looks to be creeping up Post by: solex on February 16, 2013, 07:48:17 AM Back over 30 now...
https://blockchain.info/stats Title: Re: The Thash rate looks to be creeping up Post by: Parazyd on February 16, 2013, 09:38:57 AM The price is up too... People are firing up their GPUs.
Title: Re: The Thash rate looks to be creeping up Post by: DobZombie on February 16, 2013, 02:00:49 PM The Thash rate looks to be creeping up Yes, it is! 8) http://www.greatkat.com/08/beethovenshreds/beethovenshreds85b.jpg oh wait, you said t.hash, not THRASH... my mistake :P Title: Re: The Thash rate looks to be creeping up Post by: Stephen Gornick on February 17, 2013, 02:55:26 AM It can be extended further by adding a new column which is: log10 (difficulty / mtgox price) Plot this on a line graph and it can be seen that there is a steady increase in profitability of mining over time. Despite the increasing difficulty the BTC price more than makes up for it. This is very good for the future of bitcoin. https://i.imgur.com/HVSurkB.png This probably would be better inverted, as a lower ratio is more profitable. - https://docs.google.com/a/digicoast.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc#gid=4 |
