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Title: Only small drops in mining difficulty, not seeing the logic here. Post by: timk225 on November 26, 2017, 02:22:53 AM https://bitcoinwisdom.com/bitcoin/difficulty
I'm not getting how this is working. Bitcoin mining difficulty went from 1.45 exahash to 1.36 exahash, and now only fell to 1.34 exahash, despite a huge drop in mining speed. The site itself predicts much bigger drops in difficulty, then it doesn't happen. Dafuq? Title: Re: Only small drops in mining difficulty, not seeing the logic here. Post by: ImHash on November 26, 2017, 03:12:23 AM What is the confusion about? Are you asking why bitcoinwisdom said something would happen but it didn't happen? As far as I know bitcoin mining difficulty depends on miners, More hash power they have more difficulty, less hash power lower difficulty. BIG Wu is going back and forth with bitcoin cash and bitcoin :D
Title: Re: Only small drops in mining difficulty, not seeing the logic here. Post by: timk225 on November 26, 2017, 04:05:15 AM The hash rate has dropped significantly, as shown in the 504, 1008, and 2016 block moving averages. Difficulty should have fallen by another 200 billion at least.
Title: Re: Only small drops in mining difficulty, not seeing the logic here. Post by: philipma1957 on November 26, 2017, 04:37:34 AM Bitcoinwisdom is not accurate anymore. We were running at -5 or -6.
My thread had accurate manual calculations showing the real numbers Title: Re: Only small drops in mining difficulty, not seeing the logic here. Post by: timk225 on November 26, 2017, 01:25:43 PM Link to this thread?
Title: Re: Only small drops in mining difficulty, not seeing the logic here. Post by: philipma1957 on November 26, 2017, 01:30:33 PM Link to this thread? https://bitcointalk.org/index.php?topic=2380524.0 this jump's real time diff is below 496196 (Main Chain) 2017-11-26 13:16:59 495940 (Main Chain) 2017-11-24 20:50:34 256 blocks in 40 hours and 26 minutes make that 40.5 easy math 40.5 x 6 = 243 for 0 % diff so 256/243 = 1.05349 that is a 5.349% jump at the moment bitcoinwisdom is so far off it is sad. Bitcoin Difficulty: 1,347,001,430,559 Estimated Next Difficulty: 1,236,856,451,144 (-8.18%) Adjust time: After 1756 Blocks, About 14.8 days Hashrate(?): 7,712,486,255 GH/s Block Generation Time(?): 1 block: 12.1 minutes 3 blocks: 36.3 minutes 6 blocks: 1.2 hours Updated: -8.18 is not close to +5.349 now I am real time number they are a future number but last two jumps they were far off and I was close Title: Re: Only small drops in mining difficulty, not seeing the logic here. Post by: timk225 on November 26, 2017, 01:36:03 PM Yeah, I just found it. So what is your assessment of today's real difficulty numbers? Bitcoin wisdom can't be right.
Title: Re: Only small drops in mining difficulty, not seeing the logic here. Post by: philipma1957 on November 26, 2017, 01:40:24 PM Yeah, I just found it. So what is your assessment of today's real difficulty numbers? Bitcoin wisdom can't be right. look above we are real time +5.3% with BCC/BCH in action it is no longer possible to predict diff movement with any accuracy at all beyond the next jump even the next jump is hard. My real time number is good and I could do it for each and every block made if I was a good coder ,but I suck at coding :( If BCC/BCH which is at 1600 usd jumps to 2500 BTC will drop in diff. If BCC/BCH stays at 1600 usd and BTC cracks 10,000 BTC will jump in Diff. So diff is much more locked into the prices of BCC/BCH and BTC as the ratio changes Diff shifts. Why mine BTC with an s-9 if it is earning 20usd a day when mining BCC/BCH with an s-9 is earning 30usd a day and major pools like viabtc or antpool offer autoswitch between the two. So basically all coins are Alt coins and old diff calcs like bitcoinwisdom suck. I mined 2.9 BCC/BCH when it was 500 a coin and I held them they went from 1450 usd worth to 4640 usd worth I may take profits on them soon |