Bitcoin Forum

Estimated Next Difficulty:    40,248,405,371 (-0.13%)

I never saw this before:)

Price is down, miners turn off their machines or sell them when that happens.

Yeah, it's mostly due to the price. It gets less and less profitable to run the current gear. And also, there seems to be no next-generation hardware coming online at the moment that may be more profitable.

Wait for the firework when one of the big boys goes belly up...

Estimated Next Difficulty:    39,891,564,019 (-1.01%)

well it would be nice to string a few of these in a row.

You have to remember some miners at this price cost more then they make.     I think a  lot of old hosted machines will start to be unplugged. 

Yeah this is what would be expected ... honestly the price to me seems to be too low current, of course just my opinion.

Although I am sure higher prices will make everyone happy.

As a hobbyist miner the lower the difficulty the better it is for me. :D

Roger that!

As long as the difficulty at least stays about where it is, and the price of BTC/USD does the same, I'll be looking a lot better than I thought I would when I purchase my latest round of gear roughly a month ago, which is awesome! I mean, who buys gear thinking that the difficulty might actually go down?

Do your research, use the calculators and make strategic purchases... and sometimes, just sometimes, you might get lucky. :)

Generally speaking the unprofitable miners will be no longer the "fastest" miners on the market and would make up a small percentage of the overall network hashrate by the time they become unprofitable

It appears to reflect that, at current BTC price,  there is no incentive to make the large investment required to bring a new generation of hardware on line. With a halving coming in 2016, they pay back on that investment is tenuous.

I think BTC prices are depressed because mining farms have to sell BTC to meet expenses. I think it also indicates the cost to mine in China might be higher than some people assume.

Estimated Next Difficulty:    39,621,045,932 (-1.68%)

^{GO GO GO DIFFICULTY GO ..}.._{.. down!!!}

nice one I am on board with this!

I'm seeing this:
7.47 days left until -2.83% growth

Estimated Next Difficulty:    39,465,146,903 (-2.07%)

Taken from https://bitcoinwisdom.com/bitcoin/difficulty

(Down boy, down!...

www.youtube.com/watch?v=aKfbSHW9uGA&t=1m29s :)

well the diff. went to -2, cold season + dropping of difficulty. A nice season it is :)

this is a big point for me.

the   winter power cost drops from 16 cents to 13 cents.

saving on the heat drops me to 10 cents.  At 10 cents my 5.6th uses 4k and will make 575 a month

in the summer 313 a month. 

but there were times last year I was making 2k a month mostly nov dec jan 2013-2014.

unless we see a decent price jump mining may end for my tis spring.  these  -1 and -2 diff jumps or drops will help for a bit. but I can't see me mining past may 1 - july 1 of 2015

and I have sp20's and s-3's I am doing just under .7 watts for all of my gear combined

 ;D and as well as we need the _{prices of} BTC to go ^{UP UP UP!!!}

Honestly seems too low at the moment ... not trying to go to deep on price speculation in this thread but just my opinion.

Although surely everyone wants the prices to be as ^HIGH as possible :P

If we strung/or averaged   -1% from now until my birth day in late Jan.  the price could stay at 350 usd.

Well as long as i break even I will continue to mine next year save the bitcoin and hope for a price rise in months ahead.

My favorite thing is that a bitfury system from last September continues to churn out bitcoins at ~1.2w/gh profitably. When I bought the device almost Noone expected it to be profitable past 6-9 months of use.

You must not pay that much for electricity if its still profitable. Are you out in Washington?

we do prediction markets on the bitcoin difficulty: basically you predict (bet) if some difficulty is reached by a time or not.

What might be interesting for everyone are the resulting data: you get probabilities:
https://www.fairlay.com/event/category/bitcoin/difficulty/

Currently people are not 100% convinced of the decrease: the probability for a decrease this year is only 76%
(so if you predict on the decrease you still can make money if it actually happens)

The difficulty declined twice last year, one of which was ~this time.

With those two exceptions there was only one other time that the difficulty decreased in the history of bitcoin, although it did stay the same for several months (at "1") in the very early days of mining.

Negative diff hike should stay for long time, assuming bitcoin price don't suddenly sky rocket. So time to buy cloud mining!!

^Had to correct this.
I counted 18 times that the diff decreased on adjustment, just some of that:
8 times in august - november 2011,
4 times in april - may 2012
2 times in december 2012
and once in january 2013

I wasn't around at that time, so I never saw this before;)

Somebody pointed me to this site a little while back:

http://nextdifficulty.com/

Waiting (and mining) with anticipation!

seems a bit high. 2.5% movement downwards is my best guess

$0.15/kwh    IIRC the breakeven point for me right now is around 1.5w/GH - Ive been trying to sell off some of the older hardware to make sure i have only 1w/GH or better gear

And here we go:

Dec 02 2014    40,007,470,271    -0.73%    286,384,627 GH/s