im new to cex.io but had 40ghash running nicely until today .. but have now sold them to wait for price drop with expected difficulty increase after 371 more blocks .. they say price per ghash will drop before new difficulty level .. then you can rebuy them back at a cheaper price to continue mining

doesnt really answer your question at all .. alleen dat ik in nederland zit en ook in cex.io ben bezig te rommelen .. zo ver so goed!
next time i may let my miners nime through the change in difficulty .. testing testing all the way
succes verder!

Hi AuroraHF

Great answer .. thanks and I see I clearly need to read some more .. and be aware of what I'm getting into!

1) This time of writing there are 373 blocks to go .. so I have sold my ghash and am waiting for a drop in price after the expected change in difficulty to buy back ghash at a lower price on cex.io. Miners are not active they are in BTC.
2) Next time I may just let the miners keep on mining and soak up the loss .. but keep the mining going instead. Miners stay active in this route.

Not sure which is best 1) or 2) but this time I'm trying 1) Any advice what is best? Either way reinvest profits into miners at some point, hopefully a lower price moment.

Tree

Dear Bitcoin friends

I have recently started at a low level doing cloud mining on cex.io.

There are many questions about this that I have but the main one at the moment is about 'difficulty change' in mining. Having bought some ghash and seen the mining start automatically and set my workers to the correct number all goes well. Then in the chat room I hear loads of chatter about the coming difficulty change .. and how its 'sell before the change' .. then 'buy back after the change as prices drop'.

Its best to trade your ghash in before the change happens as the price drops. Then after the change you then buy back ghash at a lower rate enabling you to mine more at the higher difficulty.

Questions:
How do I know when the change is going to happen?
Has the latest change in difficulty happened already on Sunday 8th December 2013 around 12.00 GMT?
Does it affect all bitcoin mining round the world?

Happy mining!
Treetoplake

Hi guys

Some great looking logos are appearing on this thread for the new worldcoin logo. I am really looking forward to seeing what you choose! Here are a couple we made .. we tried to make something in the same style as the ones mentioned but we are not graphic designers .. we are 3d animators but can make some 2d things look ok-ish!. We could 3d animate a coin for you but who wants that really .. nobody! We did make a few coins .. shoot hem down asap!

Thank you!

Hi

I'm treetoplake and I'm a 3d animator who is really interested in the whole alt-coin thing. Yes i'm a nwebie .. you gotta start somewhere! Thanks for the newbie FAQ very helpful read. This is the post I hope will trigger the ability to post on the forums

We have made some designs for a new worldcoin logo and I want to post it today or tomorrow. I saw the post somehow come up in google the other day and decided to do something about it.
There are some logos on the forum already submitted but frustratingly we cant post ours yet! The deadline is 7th December so there is still time. Looking forward to posting inthe coming hours.

Cheers guys
tree