MINING IS PROFITABLE

[space]

ill just leave this here
http://bitcoin.sipa.be/

[johnieeliang]

well dont tell anybody jeez 

[Cablesaurus]

+10 to sipa

this is a link well worthy a bookmark, particularly given that it is updated almost real time .

What are we really seeing here? This is the first time I've seen this graph, but is it projecting difficulty will be going down, or am I reading things totally wrong?

[slush]

+10 to sipa

this is a link well worthy a bookmark, particularly given that it is updated almost real time .

What are we really seeing here? This is the first time I've seen this graph, but is it projecting difficulty will be going down, or am I reading things totally wrong?

Yes, the difficulty was artifically pulled up by Mystery Miner operation, so when he disconnected his botnet, it is going back down. Also probably many users decided to not buy another rigs during previous difficulty window, because hashrate started to rise exponentially.

[Cablesaurus]

+10 to sipa

this is a link well worthy a bookmark, particularly given that it is updated almost real time .

What are we really seeing here? This is the first time I've seen this graph, but is it projecting difficulty will be going down, or am I reading things totally wrong?

Yes, the difficulty was artifically pulled up by Mystery Miner operation, so when he disconnected his botnet, it is going back down. Also probably many users decided to not buy another rigs during previous difficulty window, because hashrate started to rise exponentially.

Hmm, how does this correlate to the difficulty shown in the Bitcoin Generation Calculator?
I'm asking as I check daily and I saw it stick at the current 76,193. Does this mean that the difficulty will go down from here, or, it was about to be inflated further and that effect was negated?
Thanks, just trying to make sense of the data.

[marcus_of_augustus]

Thanks, just trying to make sense of the data.

If things remain as they are it means that it is better to switch off your miner and start it again next week sometime (after difficulty drops) .... unless mystery miner come backs to stick the knife in again just before the next jump.