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Title: BTC price Dip, and Mining correlation? Post by: inoob on February 12, 2014, 12:38:46 AM I've been mining on that frickin Slush pool, and I've noticed on the days where Bitcoin plunges, the rounds for that day take a LOT longer to complete.
Does anyone know if price fluctuation can have an effect on mining rewards and efficiency? Title: Re: BTC price Dip, and Mining correlation? Post by: InCoinsITrust on February 12, 2014, 10:17:23 PM no effect, what is your mining hardware ?
Title: Re: BTC price Dip, and Mining correlation? Post by: cloverme on February 13, 2014, 02:21:40 PM I've noticed on BTC Guild the pool speed drops when the price of BTC drops, when the price goes up, the pool speed goes up.
Title: Re: BTC price Dip, and Mining correlation? Post by: vpasic on February 13, 2014, 04:55:41 PM yeah, everyone moved to Eligius!!!
Title: Re: BTC price Dip, and Mining correlation? Post by: roslinpl on February 13, 2014, 05:16:45 PM I've noticed on BTC Guild the pool speed drops when the price of BTC drops, when the price goes up, the pool speed goes up. it is normal :) Title: Re: BTC price Dip, and Mining correlation? Post by: cloverme on February 26, 2014, 12:38:54 AM Mining speed on BTC Guild was 5,671 Th/s when BTC was above 580, now it's at 4845 TH/s and price is below 535. I keep seeing a pattern of it... just saying, I'm thinking some people stop mining when the price drops.
Title: Re: BTC price Dip, and Mining correlation? Post by: QuantumMiner on February 26, 2014, 12:46:42 AM Mining speed on BTC Guild was 5,671 Th/s when BTC was above 580, now it's at 4845 TH/s and price is below 535. I keep seeing a pattern of it... just saying, I'm thinking some people stop mining when the price drops. isn't difficulty supposed to be lower as well when people stop mining? Title: Re: BTC price Dip, and Mining correlation? Post by: Korbman on February 26, 2014, 01:31:18 AM Mining speed on BTC Guild was 5,671 Th/s when BTC was above 580, now it's at 4845 TH/s and price is below 535. I keep seeing a pattern of it... just saying, I'm thinking some people stop mining when the price drops. The price is high enough where just about all miners are just profitable in fiat, even if their margins are rapidly slimming. An 800TH/s fluctuation on a single pool can be attributed to a number of factors, including typical mining speed variability, pool switching or load balancing. isn't difficulty supposed to be lower as well when people stop mining? If enough miners stop mining, yes, but difficulty readjustment only happens every 2016 blocks. All but one miner could stop mining right now and the difficulty would stay the same until that single miner was able to finish out the rest of the round (which would take a loonnngg time). Title: Re: BTC price Dip, and Mining correlation? Post by: IamCANADIAN013 on March 05, 2014, 01:15:44 AM Mining speed on BTC Guild was 5,671 Th/s when BTC was above 580, now it's at 4845 TH/s and price is below 535. I keep seeing a pattern of it... just saying, I'm thinking some people stop mining when the price drops. They might stop mining Bitcoin, but they likely go and mine other coins thinking they can make more off them by turning them into Bitcoin down the road. |