Bitcoin Forum

Other => Beginners & Help => Topic started by: surya on March 24, 2013, 10:41:55 AM



Title: Difficulty increasing in 2 hours
Post by: surya on March 24, 2013, 10:41:55 AM
It looks good for the BTC price.....less coins for the miners, less coins to sell.

Bitcoin Network
Current difficulty: 4847647
Estimated next difficulty: 6677526 (+37.7%) in 2.1 hours
Block count: 227790
Coins generated: 10944775

Bitcoin Market
MtGox: 68.00004 USD/BTC (9.8 minutes ago)
MtGox 24h average: 64.86 USD/BTC
XAU/BTC: 0.042293 ozt/BTC
Market cap: 744245137.79 USD


Title: Re: Difficulty increasing in 2 hours
Post by: surya on March 24, 2013, 10:46:56 AM
Check this out, looking better and better, my bet are 3 digits until end of April for BTC.

http://stats.grok.se/en/latest90/bitcoin


Title: Re: Difficulty increasing in 2 hours
Post by: Gabi on March 24, 2013, 11:00:43 AM
Quote
less coins for the miners, less coins to sell
Bullshit  ::)


Title: Re: Difficulty increasing in 2 hours
Post by: surya on March 24, 2013, 11:06:13 AM
Quote
less coins for the miners, less coins to sell
Bullshit  ::)

How so?

Ok, let me correct: less new coins will be mined in the same time span by the same computing power.
At least for the coming week. Sure, more new ASIC miners will join the race in the following weeks,
but the difficulty will increase more and more and the GPU miners will drop out.

The hash rate went up crazy the last days, an increase in difficulty is good for the bitcoin price:
http://bitcoin.sipa.be/