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I would presume that up to 5 degrees (blocks) of branching can occur from the main chain since 6 is required for full confirmation.
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Difficulty adjustments are normally about twice a month. At 8% per diff adjustment, the difficulty will MUCH MORE than double by halfing.
You are right. I have just done the maths and if we see 8% increases every 14 Days, the we would see the Doubling on May 12th. Shows how deceptive an apparently low number like 8% is, when compounded only needs 4 Months for a doubling. So let's hope, as I hoped, that on average it is less than 8%... Rich The rise of difficulty will be much higher when the 16 nm chip based miner come out from BitFury and BitMain. it depend on the value, there is a limit of the diff increase if the value do not increase in the future, and for the time being seems stagnant, so the diff will not increase indefinitely i'm expectign a slow down soon, if the value stays the same I'm not sure on slow down. We have a LOT of big players with cheap electricity, they can run at a profit where most regular people cannot. For example this week looks horrible on jump up, and price is going down. So right now.... not to bright future on mining. Will this change before having? After? No one really knows or can give a good speculation as it's a long time away in crypto world. I suspect these farms will just sell off the outdated miners to end users at a cheap price as they update to new miners. If they built the infrastructure to mine might as well keep on going. The hard part is the big players I suspect have very low cost electricity. When you have that low of electricity it is going to have a hard time to find someone with cheaper electricity. They might be able to do it though just going to be trough to find buyers. It is possible here is one that bought a bunch of old bitfury blades - https://bitcointalk.org/index.php?topic=1231822.msg13587711#msg13587711 . It is a interesting read. Yeah well when the shipping exceeds any income you might generate regardless of free electricity or not I think that pretty much destroys any utility of a older miner. Looking at USPSFedEx/UPS pricing it's not going down (despite fuel being at a 10 year low). |
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Difficulty adjustments are normally about twice a month. At 8% per diff adjustment, the difficulty will MUCH MORE than double by halfing.
You are right. I have just done the maths and if we see 8% increases every 14 Days, the we would see the Doubling on May 12th. Shows how deceptive an apparently low number like 8% is, when compounded only needs 4 Months for a doubling. So let's hope, as I hoped, that on average it is less than 8%... Rich The rise of difficulty will be much higher when the 16 nm chip based miner come out from BitFury and BitMain. it depend on the value, there is a limit of the diff increase if the value do not increase in the future, and for the time being seems stagnant, so the diff will not increase indefinitely i'm expectign a slow down soon, if the value stays the same I'm not sure on slow down. We have a LOT of big players with cheap electricity, they can run at a profit where most regular people cannot. For example this week looks horrible on jump up, and price is going down. So right now.... not to bright future on mining. Will this change before having? After? No one really knows or can give a good speculation as it's a long time away in crypto world. I suspect these farms will just sell off the outdated miners to end users at a cheap price as they update to new miners. If they built the infrastructure to mine might as well keep on going. |
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definitely not safe
BS WARNING ! BS WARNING ! BS WARNING ! BS WARNING ! BS WARNING !So how many deaths and incurable diseases per million population would you expect from fumes from an S7 and how does that compare to the fumes from other heat sources such as a new fridge or a new microwave oven or a new coal fire ? You want me to cite incidence and prevalence of VOC induced disease states? Why don't you do the homework and post it? I've bought 2 new fridges in the last 20 years. I have bought over 500 video cards and 100 miners in just the last 5 - nice troll though  I think he also changed your original text - quoted for advanced trolling technique citing lol. When I was running my card farm I could definitely smell the chemicals but then again I was pushing them hard to near 90C and had over 100 cards going. Don't know if I would want to be breathing all that in days on end. |
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Difficulty is doing it's last ramp up before the halving. Anything new that hasn't made it's ROI by then will most likely fail so it's a final push before 50% less income (gross).
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Unless you're going to mod the pulleys and accessories you're not going to get much juice to run a miner - especially something that can handle the vibration abuse. It may be fun for tweaking but not a fruitful endeavor.
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thats too expensive. I'm sorry. You could get a antminer s7, but you would have to sell it in 6 months. You could make a profit, probably break even, but 21 cents...ouch. Maybe you can buy it, and host it somewhere for a lot cheaper. (do a lot of research first).
Having it hosted kind of takes away the decentralization. There's no point to personal mining other than supporting the network. At his rate, he would be better off supporting Bitcoin by creating demand and making $ that way. |
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If you want to support bitcoin better to set up a business that utilizes the coin instead of trying to mine with 21c/KWH. It's just not feasible.
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Well judging from how well Bitcoin Foundation is perceived nowadays I doubt a mining union would get much traction. Too many heads and too few legs.
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I have yet to see any company come out with something modular where you can just buy a main trunk and keep adding things easily to it. I guess the modular add-on idea hasn't taken off.
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Your electricity may be free but do you have free cooling equipment? That would limit what you could use.
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Remember that heat is also generated when there is any resistance. If you have a weld and use different metals (aluminum/copper) you will run into other issues.
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It's a shame neither the S5/S7 can be used in a home environment.
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I'm really split between buying a card and quitting ;~; what, with the btc per block halving every know and then. Another question.
Why do blocks halve the reward every 210000 blocks (I think) ? Is it too replicate the idea of real, physical mining, where a resource gets scarcer and scarcer?
It extends out the miner subsidy as the value/strength of bitcoin grows. If it stayed at the original 50 and continued all 21 million would be mined before 2020. |
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mango juice
That's like liquid sugar  |
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A year after a lot of these ponzi schemes panned out and new ones still keep cropping up. I guess new meat is available perpetually.
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I suspect the US heatwave is keeping difficulty down for now. Now if we could just get a heatwave in China...
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The "people" mining are not people but rather companies who typically are the same ones selling you miners. They charge you double so they can get their hardware for free  |
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