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Title: Why is the difficulty sky rocking Post by: mrMIGHTY on August 25, 2013, 06:01:49 PM Why is the difficulty sky rocking like crazy?
Title: Re: Why is the difficulty sky rocking Post by: culexevilman on August 25, 2013, 06:02:24 PM ASIC? 8)
Title: Re: Why is the difficulty sky rocking Post by: mrMIGHTY on August 25, 2013, 06:40:45 PM I expect difficulty at 1858 at Jan, 2014
:( Title: Re: Why is the difficulty sky rocking Post by: Xyver on August 25, 2013, 10:26:00 PM Because new, better miners are entering the network, causing the total network power to skyrocket, causing the difficulty to skyrocket.
It's going to keep going up for a long time....But It'll level off eventually Title: Re: Why is the difficulty sky rocking Post by: TitanBTC on August 25, 2013, 11:53:26 PM If you're looking to get into mining, this is one of the basic things you need to know. The hardware you buy to mine bitcoins will earn less and less everyday. It's just part of the system. You have to upgrade regularly to keep pace.
Title: Re: Why is the difficulty sky rocking Post by: Polarstorm on August 26, 2013, 01:55:38 AM The few miners BFL has produced and shipped had a great impact to the diff.
Title: Re: Why is the difficulty sky rocking Post by: smracer on August 26, 2013, 02:01:17 AM If you're looking to get into mining, this is one of the basic things you need to know. The hardware you buy to mine bitcoins will earn less and less everyday. It's just part of the system. You have to upgrade regularly to keep pace. The miners will earn less but not every day. Bitcoin re-calculates it's difficulty every 2016 blocks. This is usually around 14 days but has been a few days earlier of late. Title: Re: Why is the difficulty sky rocking Post by: Trongersoll on August 27, 2013, 12:39:13 AM If you're looking to get into mining, this is one of the basic things you need to know. The hardware you buy to mine bitcoins will earn less and less everyday. It's just part of the system. You have to upgrade regularly to keep pace. The miners will earn less but not every day. Bitcoin re-calculates it's difficulty every 2016 blocks. This is usually around 14 days but has been a few days earlier of late. not necessarily true. If the hashrate goes up, yes more Blocks will be found than should be, but your share of the pie will go down proportionately. The difficulty just tries to compensate for the current condition where blocks are being found too quick. Title: Re: Why is the difficulty sky rocking Post by: Abdussamad on August 27, 2013, 01:20:23 AM In pooled mining if your share goes down you get less reward? Just curious.
Title: Re: Why is the difficulty sky rocking Post by: Trongersoll on August 27, 2013, 01:29:40 AM In pooled mining if your share goes down you get less reward? Just curious. in a pool if the pool's hashrate goes up your share of the pool goes down. you get less. if the world hashrate goes up and your pool's doesn't then your pool will make less and so will you. Title: Re: Why is the difficulty sky rocking Post by: eleuthria on August 27, 2013, 04:07:51 AM In pooled mining if your share goes down you get less reward? Just curious. in a pool if the pool's hashrate goes up your share of the pool goes down. you get less. if the world hashrate goes up and your pool's doesn't then your pool will make less and so will you. Not quite. The only thing that really matters is: Your hashrate vs Network hash rate. Beyond that it is only variance, pool reliability, and pool fees. If the pool you're in is small relative to network hash rate, you'll have more variance (which can be good or bad). But your expected return is dictated by your percentage of the overall network speed. Title: Re: Why is the difficulty sky rocking Post by: Trongersoll on August 27, 2013, 06:15:29 PM In pooled mining if your share goes down you get less reward? Just curious. in a pool if the pool's hashrate goes up your share of the pool goes down. you get less. if the world hashrate goes up and your pool's doesn't then your pool will make less and so will you. Not quite. The only thing that really matters is: Your hashrate vs Network hash rate. Beyond that it is only variance, pool reliability, and pool fees. If the pool you're in is small relative to network hash rate, you'll have more variance (which can be good or bad). But your expected return is dictated by your percentage of the overall network speed. My bad, this all gets blury some times. Title: Re: Why is the difficulty sky rocking Post by: bitcoiner49er on August 27, 2013, 08:01:11 PM Because ASIC companies have shipped a few miners and built more than a few more for themselves. Known and unknown.
Title: Re: Why is the difficulty sky rocking Post by: FuzzyBear on September 04, 2013, 10:43:33 AM Because ASIC companies have shipped a few miners and built more than a few more for themselves. Known and unknown. but what about the unknown unknowns?? Title: Re: Why is the difficulty sky rocking Post by: 600watt on September 04, 2013, 01:43:40 PM Because ASIC companies have shipped a few miners and built more than a few more for themselves. Known and unknown. + 1 Title: Re: Why is the difficulty sky rocking Post by: thy on September 05, 2013, 03:33:43 PM Why is the difficulty sky rocking like crazy? Old and new ASICcompany's is starting to get there volums up.Title: Re: Why is the difficulty sky rocking Post by: 600watt on September 05, 2013, 04:11:42 PM malware spreading like shit.
malware that enslaves your pc/apple/game-console being part of giant botnets. |