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Title: Mining difficulty went down. Post by: Ibian on December 06, 2014, 05:08:53 AM Not by much, but it's the first time in almost 2 years. Should we read something into this?
https://blockchain.info/charts/difficulty?showDataPoints=false×pan=180days&show_header=true&daysAverageString=1&scale=0&address= Title: Re: Mining difficulty went down. Post by: Melbustus on December 06, 2014, 05:13:51 AM Not by much, but it's the first time in almost 2 years. Should we read something into this? https://blockchain.info/charts/difficulty?showDataPoints=false×pan=180days&show_header=true&daysAverageString=1&scale=0&address= That maybe people are finally realizing that mining is almost always a bad investment, and therefore, if you want bitcoin, you should just buy bitcoin. As I like to say: The first rule of bitcoin is - if you're thinking about buying mining equipment, just buy bitcoin instead. Title: Re: Mining difficulty went down. Post by: 1Referee on December 06, 2014, 11:51:57 AM Not by much, but it's the first time in almost 2 years. Should we read something into this? https://blockchain.info/charts/difficulty?showDataPoints=false×pan=180days&show_header=true&daysAverageString=1&scale=0&address= That maybe people are finally realizing that mining is almost always a bad investment, and therefore, if you want bitcoin, you should just buy bitcoin. As I like to say: The first rule of bitcoin is - if you're thinking about buying mining equipment, just buy bitcoin instead. People always do it the hard way, they think mining is more profitable than just buying Bitcoin. After months they will find out the answer, then they realise how much time they have wasted :D Title: Re: Mining difficulty went down. Post by: gkv9 on December 06, 2014, 12:05:17 PM Not by much, but it's the first time in almost 2 years. Should we read something into this? https://blockchain.info/charts/difficulty?showDataPoints=false×pan=180days&show_header=true&daysAverageString=1&scale=0&address= That maybe people are finally realizing that mining is almost always a bad investment, and therefore, if you want bitcoin, you should just buy bitcoin. As I like to say: The first rule of bitcoin is - if you're thinking about buying mining equipment, just buy bitcoin instead. People always do it the hard way, they think mining is more profitable than just buying Bitcoin. After months they will find out the answer, then they realise how much time they have wasted :D Not necessary, as BTC's difficulty ain't the alone factor to be looked for, we must not forget that last year people made thousands of bucks just by mining and saving their coins to sell high. Today's price doesn't guarantee tomorrow's speculations... It can either go this way or that, but it will rise for sure based on the interest and trust of the community over Bitcoins & Crypto-world... ;) Title: Re: Mining difficulty went down. Post by: rebuilder on December 06, 2014, 12:08:18 PM The factor to look at is how many BTC you can get for your money. AFAIK, buying has usually been more cost-effective.
Title: Re: Mining difficulty went down. Post by: gkv9 on December 06, 2014, 12:13:36 PM The factor to look at is how many BTC you can get for your money. AFAIK, buying has usually been more cost-effective. Agreed, but as we can see, the difficulty won't rise all of a sudden, and so, for some time, we may get a fixed amount while mining those coins and an ROI, save them and wait for the prices to jump high as no one in the previous year knew that it would go that much, but it did... You are also right that buying them low and selling high doesn't involve much risks such as electricity bills, difficulty, price, mining hardware, etc... Appreciated... +1 Title: Re: Mining difficulty went down. Post by: bitcoinmining on December 06, 2014, 12:27:28 PM The most interesting part is to go down for the first time in last 2 years. Maybe it's a sign of mass mining strike, it's a message to Bitcoinworld we don't know now. It's true that mining is not cost-effective these days, maybe miners ara waiting for lowest difficulty levels to start again.
Title: Re: Mining difficulty went down. Post by: NotLambchop on December 06, 2014, 01:21:21 PM The most interesting part is to go down for the first time in last 2 years. Maybe it's a sign of mass mining strike, it's a message to Bitcoinworld we don't know now. It's true that mining is not cost-effective these days, maybe miners ara waiting for lowest difficulty levels to start again. Could be union agitators... http://www.bruceonpolitics.com/wp-content/uploads/2011/06/Miners-Strike.jpg Title: Re: Mining difficulty went down. Post by: sandykho47 on December 06, 2014, 01:31:41 PM When the diff. raise, let's stop mining it's not profitable
When the diff. down, let's mining again it's profitable again And this cycle never end. Bitcoin price & mining reward are another difficult factor I want to see when bitcoin never raise up & mining reward is havling, how many percent difficult will down ? Title: Re: Mining difficulty went down. Post by: carlosiness on December 06, 2014, 01:42:13 PM without miners bitcoin would die, so consider on your own what do you want to gain
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