Well, it happened! (Negative Difficulty)

[elduderino]

Well, it happened!

The long-awaited Negative adjustment in the Difficulty just became reality.


The difficulty just went from 40300030327 to 40007470271, a decrease of 0.00726 (rounded).
That's -0.726 %, according to my math.

It's probably just a temporary reprieve, but... for now, I'll just say, I'll TAKE IT!

[ajw7989]

Lol lets hope there isnt a huge rebound and it jumps up to 10%+ Its been a while since a negative difficulty even though its pretty small

[kickbit]

YAY!
difficulty -0.73%
Difficulty growing reduces till next chip generation (Or BTC rate growing). With current BTC rate being a miner isn't such a profitable business.

[alexrossi]

YAY!
difficulty -0.73%
Difficulty growing reduces till next chip generation (Or BTC rate growing). With current BTC rate being a miner isn't such a profitable business.

Yeah, actually mining is more or less an investment on the btc price. I keep running my s1s just for network support and decentralization (they are on p2pool, but in some month i think it'll be more interesting to do solo mining)

[cyberpinoy]

A lot of small miners are beginning to get those electric bills. For some places it is absolutely not profitable to mine in a PPLNS pool (which is most pools out there) A lot of people can not wait 60 to 80 hours for a payout that pays for only 30% of the shares they put in. They can not even cover the electric with those kinds of payouts.

With this happening the late comers are either shutting their machines off completely or wisening up and switching to a coin they can solomine and dump with a higher profit margin until the BTC price goes back up and becomes more profitable.

It may go down again as some countries are enetering their summer months when the electric companies hike the electricity costs even more. (like where I am GRRRR)

Soon the only profitable way to mine in small farms will be to already have a solar system in place to cover your electricity costs. And like where I am also make your electricity much more stable.

We are looking into solar for our farm now

[alexrossi]

A lot of people can not wait 60 to 80 hours for a payout that pays for only 30% of the shares they put in

PPLNS always paid me almost as PPS, with a little more variance. Can you explain or link an explanation of the mentioned 30%?

[Yaremi]

Wow! After 2 years. But i think its temporarily