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Title: Mining equipment being terminated Post by: antonioserrano72 on October 05, 2014, 12:14:41 PM Bitcoin Difficulty: 34,661,425,924
Estimated Next Difficulty: 35,586,197,536 (+2.67%) Adjust time: After 623 Blocks, About 4.2 days Hashrate(?): 262,183,364 GH/s Block Generation Time(?): 1 block: 9.7 minutes 3 blocks: 29.1 minutes 6 blocks: 58.2 minutes https://bitcoinwisdom.com/assets/difficulty/bitcoin-hash_rate.png With the price going aroung 300$ many miners are no longer profitable. Even some of the ones sitting in server cooling cabinets in data centres are barely profitable. If the price down trend continues after this difficulty increase we're certainly going to have the first difficulty decrease in almost two years. Already +2.67% would be the smallest increase in those ~two years and we only have 4 days to the next change at the time of posting this. Home miners are going to be the first pulling out, cloud mining shares are going to be worthless (at least for a while). Maybe by the time we get out of this price down trend they'd be getting negative ROI's already because of new miners starting to enter the arms race again. Title: Re: Mining equipment being terminated Post by: seriouscoin on October 05, 2014, 03:02:10 PM what you see is just big farmers squeezing out dumb/small miners.
Difficulty does NOT affect the bitcoin supply rate, remember this. All the big farmers want is a bigger slice. Price of btc drops 20% .... no problem, as they can get 20% more of the pie. Sadly, ppl are still funding them with a hope of having ROI. Title: Re: Mining equipment being terminated Post by: DonQuijote on October 05, 2014, 06:53:32 PM If the price continues to fall will cause many ASIC are off
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