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Author Topic: Difficulty = 434883 (according to BitcoinCharts)  (Read 1845 times)
urtur
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May 26, 2011, 06:47:11 PM
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'Nuff said...  Undecided
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a transaction fee.
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frisco
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May 26, 2011, 06:48:48 PM
 #2

Estimated   1739509 in 2016 blks

I really hope there is a miscalculation there a 400% increase is too much.

1obSpGygRiuss93u8X36Ex6GYmycgTacZ just in case you feel it
bcpokey
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May 26, 2011, 06:49:17 PM
 #3

I said it before, but I'll say it again:

http://www.youtube.com/watch?v=2R0oECCuN6I

Grats to CydeWild btw for winning his bet, who woulda thought?
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May 26, 2011, 06:49:29 PM
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it was 40k three months ago Tongue
urtur
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May 26, 2011, 06:50:13 PM
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I really hope there is a miscalculation there a 400% increase is too much.

It's based on 8 blocks only. Meaningless for now.
k
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May 26, 2011, 06:50:22 PM
 #6

ignore the estimate. it's always way out just after the difficulty change.
Freakin
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May 26, 2011, 06:52:47 PM
 #7

Network total   7.022 Thash/s

Wasn't it just 4Th/s?
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May 26, 2011, 06:54:45 PM
 #8

Network total   7.022 Thash/s

Wasn't it just 4Th/s?
For the hundredth time:  The websites showing network hash rate are based off the time to solve the last X blocks.  The estimate network hash rate is always screwy after a difficulty change.  Wait 24 hours before your head explodes.

Same goes for the next difficulty estimate.

R.I.P. BTC Guild, 2011 - 2015.
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mewantsbitcoins
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May 26, 2011, 06:56:09 PM
 #9

Huge increase happens all the time after difficulty change. It is due to the way it's calculated. With time it will adjust to a more realistic one.

Anyhow, my prediction for the next difficulty is ~800000
Hawkix
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May 26, 2011, 06:59:16 PM
 #10

My prediction is about 666 666.  Angry

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May 26, 2011, 07:09:35 PM
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~717 300

YinCoin YangCoin ☯☯First Ever POS/POW Alternator! Multipool! ☯ ☯ http://yinyangpool.com/ 
Free Distribution! https://bitcointalk.org/index.php?topic=623937
fadisaaida
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May 26, 2011, 07:22:42 PM
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Network total   7.022 Thash/s

Wasn't it just 4Th/s?
For the hundredth time:  The websites showing network hash rate are based off the time to solve the last X blocks.  The estimate network hash rate is always screwy after a difficulty change.  Wait 24 hours before your head explodes.

Same goes for the next difficulty estimate.

i hope u can bear with me on two questions :

1. if the estimate hash rate is calculated based on time to solve the blocks, wouldn't it show low after increase in difficuty , i mean if a site knew that with diff 1 it took 10 minutes to slove a block, and suddenly it took 20 minutes. then wouldn't it show decrease in hashrate since it still think it's old diff of 1 ?

2. in slush pool Connected workers now also shows like almost a double from yesterday, is it also connected with the same issue or just slush pool gained new miners ?

Thanks again and pardon my questions if stupid

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luffy
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May 26, 2011, 07:25:55 PM
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800k  Grin
Freakin
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May 26, 2011, 07:31:04 PM
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Network total   7.022 Thash/s

Wasn't it just 4Th/s?
For the hundredth time:  The websites showing network hash rate are based off the time to solve the last X blocks.  The estimate network hash rate is always screwy after a difficulty change.  Wait 24 hours before your head explodes.

Same goes for the next difficulty estimate.

i hope u can bear with me on two questions :

1. if the estimate hash rate is calculated based on time to solve the blocks, wouldn't it show low after increase in difficuty , i mean if a site knew that with diff 1 it took 10 minutes to slove a block, and suddenly it took 20 minutes. then wouldn't it show decrease in hashrate since it still think it's old diff of 1 ?


I think you have that backwards.  It assumes the last block completed is at the same difficultly as the current block (434k instead of 244k) and builds estimates based on that.  Is that correct?

kosovito
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May 26, 2011, 07:49:06 PM
 #15

Do you think guys, one day difficulty decreases?

Please sir, give me any coin Smiley  135T7F27z7Mtvwffz359BE1zSfYgT1oJ8S
mewantsbitcoins
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May 26, 2011, 07:50:42 PM
 #16

Do you think guys, one day difficulty decreases?

once we old and grey
Ian Maxwell
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May 26, 2011, 08:01:11 PM
 #17

The difficulty has risen, but the exchange rate has risen as well. The current magic number threshold is about 1023 shares/USD, compared to 735 shares/USD on May 20. So yes, mining is less profitable now than it was earlier. But it's not that much less profitable.

Ian Maxwell
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k
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May 26, 2011, 08:02:36 PM
 #18

Do you think guys, one day difficulty decreases?

it has in the past. the last time was 25th of March 2011.

I'm sure it'll happen again in the future when the current exponential growth slows down but hard to know when that'll be. Not in the immediate future is my guess
w128
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May 26, 2011, 08:22:48 PM
 #19

Clearly it's a minimal amount of data but, we've seen 13 blocks in 68 minutes since the difficulty increase. In the 68 minutes immediately prior we also saw 13 blocks.

What's the deal?
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