|
Title: Reduction in Difficulty Post by: worldinacoin on October 31, 2011, 03:03:52 AM In two blocks time the difficulty will be down quite a bit
Blocks 151198 Difficulty 1468195 Estimated 1204386 in 2 blks How will it affect the price of the bitcoin? Also are we able to mine more bitcoins in a shorter time? Title: Re: Reduction in Difficulty Post by: geek-trader on October 31, 2011, 03:20:56 AM In two blocks time the difficulty will be down quite a bit Blocks 151198 Difficulty 1468195 Estimated 1204386 in 2 blks How will it affect the price of the bitcoin? Also are we able to mine more bitcoins in a shorter time? 1. not at all 2. yes Title: Re: Reduction in Difficulty Post by: notme on October 31, 2011, 03:43:07 AM Ding!
Title: Re: Reduction in Difficulty Post by: payb.tc on October 31, 2011, 03:45:02 AM 1,203,462
Title: Re: Reduction in Difficulty Post by: Rassah on October 31, 2011, 04:09:45 AM It's profitable to mine again! Hope the price stays above $3.2 though
Title: Re: Reduction in Difficulty Post by: Eveofwar on October 31, 2011, 04:12:56 AM It's profitable to mine again! Hope the price stays above $3.2 though For some, it's profitable down to $1... Title: Re: Reduction in Difficulty Post by: deepceleron on October 31, 2011, 04:20:23 AM Hey, quit being so lucky, you're going to mess things up!
Last 10 151200-151207 31/10/2011 04:18 2'311'686.28 x1.92 Title: Re: Reduction in Difficulty Post by: RandyFolds on October 31, 2011, 04:23:30 AM Hey, quit being so lucky, you're going to mess things up! Last 10 151200-151207 31/10/2011 04:18 2'311'686.28 x1.92 That's not luck, that's people who turned off cause it was unprofitable turning back on because after this drop, they are back in the black. Title: Re: Reduction in Difficulty Post by: deepceleron on October 31, 2011, 05:21:19 AM Hey, quit being so lucky, you're going to mess things up! Last 10 151200-151207 31/10/2011 04:18 2'311'686.28 x1.92 That's not luck, that's people who turned off cause it was unprofitable turning back on because after this drop, they are back in the black. Uh, Mr Potato Head! 50% More hash power than has ever existed on Bitcoin doesn't magically turn on at once within an hour. Title: Re: Reduction in Difficulty Post by: RandyFolds on October 31, 2011, 05:25:03 AM Hey, quit being so lucky, you're going to mess things up! Last 10 151200-151207 31/10/2011 04:18 2'311'686.28 x1.92 That's not luck, that's people who turned off cause it was unprofitable turning back on because after this drop, they are back in the black. Uh, Mr Potato Head! 50% More hash power than has ever existed on Bitcoin doesn't magically turn on at once within an hour. Uh, fella! All sampling inaccuracies aside, do you think those numbers are simple variance and there was no new power added to the network after the difficulty change? That it went from 12% down to 92% up in a couple hours? Title: Re: Reduction in Difficulty Post by: Brian DeLoach on October 31, 2011, 05:29:15 AM Uh, fella! All sampling inaccuracies aside, do you think those numbers are simple variance and there was no new power added to the network after the difficulty change? That it went from 12% down to 92% up in a couple hours? I can't picture hundreds of people waiting at their computers ready to start mining right at difficulty change. Title: Re: Reduction in Difficulty Post by: RandyFolds on October 31, 2011, 05:50:35 AM Uh, fella! All sampling inaccuracies aside, do you think those numbers are simple variance and there was no new power added to the network after the difficulty change? That it went from 12% down to 92% up in a couple hours? I can't picture hundreds of people waiting at their computers ready to start mining right at difficulty change. You've obviously never seen namecoin. Title: Re: Reduction in Difficulty Post by: Eveofwar on October 31, 2011, 06:42:12 AM Hey, quit being so lucky, you're going to mess things up! Last 10 151200-151207 31/10/2011 04:18 2'311'686.28 x1.92 That's not luck, that's people who turned off cause it was unprofitable turning back on because after this drop, they are back in the black. Uh, Mr Potato Head! 50% More hash power than has ever existed on Bitcoin doesn't magically turn on at once within an hour. Uh, fella! All sampling inaccuracies aside, do you think those numbers are simple variance and there was no new power added to the network after the difficulty change? That it went from 12% down to 92% up in a couple hours? It was at 300% right as difficulty change :P Title: Re: Reduction in Difficulty Post by: CrazyGuy on October 31, 2011, 06:53:32 AM Difficulty has gone down 20% tonight, but trade rate has gone down 25% or more since the last difficulty change. If mining was not profitable for them then, it still shouldn't be.
Title: Re: Reduction in Difficulty Post by: phelix on October 31, 2011, 08:59:35 AM estimates are quite wrong after a difficulty jump/drop. it should be ratger simple to create a better algorithm, though.
|