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Question: will there be a drop as large as 10% this diff?  (Voting closed: December 30, 2014, 12:10:54 PM)
aye - 12 (30%)
naw - 28 (70%)
Total Voters: 40

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Author Topic: a 10% drop in hashes?  (Read 2559 times)
xstr8guy
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December 21, 2014, 12:03:21 AM
 #21

decrease in hash rate and this big is mainly due to paycoin and as long Gaw keeps the promised price of around 20 usd it will continue.For sure some miners are switched off and many big farmers are selling , check bitmain site selling the s4 by the Phs.
I also have seen big sales (dont know if true) 100 sp30 100 teraminers and sure the new prices from sp tec help much.
Generally there is a no Roi period since the price of BTC is low and this is a reason for all.
if we see an increase of the price to 400-500 range then will start again fast.
Since many companies now accepting bitcoin and the same time sell it for fiat the price
is unlikely that will go up soon
 

In case you didn't notice, SHA Paycoin mining was only for a limited time. It ended today at noon EST. So no, this trend will not continue. Everyone's back to mining BTC and the network will continue to grow... hopefully slowly.
raskul (OP)
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December 21, 2014, 07:38:57 AM
 #22

decrease in hash rate and this big is mainly due to paycoin and as long Gaw keeps the promised price of around 20 usd it will continue.For sure some miners are switched off and many big farmers are selling , check bitmain site selling the s4 by the Phs.
I also have seen big sales (dont know if true) 100 sp30 100 teraminers and sure the new prices from sp tec help much.
Generally there is a no Roi period since the price of BTC is low and this is a reason for all.
if we see an increase of the price to 400-500 range then will start again fast.
Since many companies now accepting bitcoin and the same time sell it for fiat the price
is unlikely that will go up soon
 

In case you didn't notice, SHA Paycoin mining was only for a limited time. It ended today at noon EST. So no, this trend will not continue. Everyone's back to mining BTC and the network will continue to grow... hopefully slowly.


hehe yeah, it was a bit optimistic of me to put 10%, we'll be luck y if we get a drop of 3%

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raskul (OP)
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December 22, 2014, 11:40:40 PM
 #23

...and there went the BMT S5 test batch.
https://bitcoinwisdom.com/bitcoin/difficulty


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dlowings
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December 24, 2014, 07:03:13 PM
 #24

We are getting to the point where profit returns are not going to bring in investor farms. Overhead is going to absorb more of your profit margin. If the price of BTC continues to go down I suspect we will see even a bigger drop.

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December 26, 2014, 04:48:49 AM
 #25

decrease in hash rate and this big is mainly due to paycoin and as long Gaw keeps the promised price of around 20 usd it will continue.For sure some miners are switched off and many big farmers are selling , check bitmain site selling the s4 by the Phs.
I also have seen big sales (dont know if true) 100 sp30 100 teraminers and sure the new prices from sp tec help much.
Generally there is a no Roi period since the price of BTC is low and this is a reason for all.
if we see an increase of the price to 400-500 range then will start again fast.
Since many companies now accepting bitcoin and the same time sell it for fiat the price
is unlikely that will go up soon
 

In case you didn't notice, SHA Paycoin mining was only for a limited time. It ended today at noon EST. So no, this trend will not continue. Everyone's back to mining BTC and the network will continue to grow... hopefully slowly.
The miners will still need to take into consideration the cost of electricity and the price of bitcoin when determining if they should keep their miner online or not. The ability to mine paycoin had risen the EV of SHA256 mining but some miners may not go offline if the now lower EV is negative (or too low)
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December 27, 2014, 02:49:17 AM
 #26

We are getting to the point where profit returns are not going to bring in investor farms. Overhead is going to absorb more of your profit margin. If the price of BTC continues to go down I suspect we will see even a bigger drop.

You are wrong, Batch 1 and 2 of ant-miner S5 sold out in few days. expect a hike of 30-40% early January.


Argwai96
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December 27, 2014, 08:49:28 AM
 #27

We are getting to the point where profit returns are not going to bring in investor farms. Overhead is going to absorb more of your profit margin. If the price of BTC continues to go down I suspect we will see even a bigger drop.

You are wrong, Batch 1 and 2 of ant-miner S5 sold out in few days. expect a hike of 30-40% early January.


It was rumored that batch 1 was only made up of ~200 machines which would only work out to ~2 PH which is well under 30% of the network hashrate (it is closer to 2%). Bitman has also apparently had trouble selling their older machines as they have been aggressively been pushing their coupons 
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December 27, 2014, 09:48:40 AM
 #28

The last big contiguous set of difficulty adjustments downward happened for 8 consecutive periods.

Wouldn't surprise me to see 3-9 of them over the course of the next few months.

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December 29, 2014, 10:35:24 PM
 #29

20% raise in diff by middle of Jan'2015.
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