10% BTC difficulty growth????

[Minerjoe]

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

[Lauda]

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

https://i.imgur.com/lC3BJb4.png


You've been looking at this the wrong way. The hashrate was there, it wasn't just deployed all the time. Look at the spike two weeks back.

[Minerjoe]

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

https://i.imgur.com/lC3BJb4.png


You've been looking at this the wrong way. The hashrate was there, it wasn't just deployed all the time. Look at the spike two weeks back.

So where was it then in the meantime? Mining some other more profitable Sha-256 coin?

[Snail2]

So where was it then in the meantime? Mining some other more profitable Sha-256 coin?

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

[Minerjoe]

So where was it then in the meantime? Mining some other more profitable Sha-256 coin?

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

The only credible explanation IMO is that is something new, some new chip being deployed. Maybe s6 testing.

[Lauda]

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

The only credible explanation IMO is that is something new, some new chip being deployed. Maybe s6 testing.

No that's not a credible explanation at all. Have you ever thought about possible issues with a big mining farm? Power outages, DDOS and whatnot?

[Minerjoe]

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

The only credible explanation IMO is that is something new, some new chip being deployed. Maybe s6 testing.

No that's not a credible explanation at all. Have you ever thought about possible issues with a big mining farm? Power outages, DDOS and whatnot?

Show me a farm which contributes 10% to BTC network. Almost 11% now.

[bri912678]

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

The only credible explanation IMO is that is something new, some new chip being deployed. Maybe s6 testing.

No that's not a credible explanation at all. Have you ever thought about possible issues with a big mining farm? Power outages, DDOS and whatnot?

There is a big farm that people invest in. The investors money is used to buy more mining equipment which mines bitcoins to pay the investors back with. They could have recently expanded after taking a massive delivery of equipment they had been waiting for.

[Searing]

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

Well KNC 'said' it has taped out their next generation of asic 16nm chips (private use by them and IPO only) for use in their data hall(s) ..MAY be coming up to speed now with equipment

that was Feb 3rd 2015 (hey it is a long shot ...but still ...)

http://www.kncminer.com/blog/newsarchive

KNC has stated they want to control 40% of all the bitcoin mined by sometime in 2016 or so....and of course will continue to mine directly converting BTC

to USD each day as they do so

so if the jump in difficulty is NOT due to them..well....you can pucker up on the prospect that in a few weeks (assuming they are on their time line big if)
another big hit will be forthcoming....

but on reflection looking at the above it looks maybe too soon for them ..(they are always late) so that means some other elephant is at the dance


what do they say ...when elephants decide they want to poka ...it may be time to clear off the dance floor?

[Minerjoe]

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

Well KNC 'said' it has taped out their next generation of asic 16nm chips (private use by them and IPO only) for use in their data hall(s) ..MAY be coming up to speed now with equipment

that was Feb 3rd 2015 (hey it is a long shot ...but still ...)

http://www.kncminer.com/blog/newsarchive

KNC has stated they want to control 40% of all the bitcoin mined by sometime in 2016 or so....and of course will continue to mine directly converting BTC

to USD each day as they do so

so if the jump in difficulty is NOT due to them..well....you can pucker up on the prospect that in a few weeks (assuming they are on their time line big if)
another big hit will be forthcoming....

but on reflection looking at the above it looks maybe too soon for them ..(they are always late) so that means some other elephant is at the dance


what do they say ...when elephants decide they want to poka ...it may be time to clear off the dance floor?

I agree on this one, 100%. There must be something else worth of out attention.

[Amph]

could be rised because of when btc was at 270, and now it's falling again, remember that the diff don't rise istantly, it need time

[Minerjoe]

could be rised because of when btc was at 270, and now it's falling again, remember that the diff don't rise istantly, it need time

So what u re saying it ll go down again in the future since BTC went down? I highly doubt that. As long as there is any kind of profit margin, they ll keep mining.

I m not surprised about diff going up. I am surprised due to the size of it. If it continues this way, we ll see 15% or more diff growth. To add 15% hash to the network is a HUGE investment.

[Amph]

could be rised because of when btc was at 270, and now it's falling again, remember that the diff don't rise istantly, it need time

So what u re saying it ll go down again in the future since BTC went down? I highly doubt that. As long as there is any kind of profit margin, they ll keep mining.

I m not surprised about diff going up. I am surprised due to the size of it. If it continues this way, we ll see 15% or more diff growth. To add 15% hash to the network is a HUGE investment.

i''m just saying that the diff changing, don't generally reflect the current price, could be because of old price change

[CodingCentre]

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

there will always be big jumps because of the ever evolving tech which is being devloped

[QuestionAuthority]

Does anyone realize chinese farms/pools + unknown control 70% of the current hash rate? You're crazy if you're still mining as an individual in the English speaking world (I'm assuming you're all not chinese because you're here). Who cares what the difficulty is? None of you are ever going to make anything more than pocket change by mining from this point forward.

BW.com  https://www.bw.com 13%

F2Pool  https://www.f2pool.com 15%

Antpool  https://www.bitmaintech.com/about.htm 17%

BTCChina  https://www.btcchina.com/#/ 6%

Unknown 20%

[amaclin]

I thought the era of high diff jumps s over,considering a huge mining base.

I guess I was wrong big time.

This adjustment seems to be over 10%. Where does that hash comes from? 10% s a really, really lot of money for a hardware to be fired up in a single week.

Comment?

It is easy to hide your power for a while.
Just connect your hardware to several pools and perform "block withholding attack"
This technique gives you money without increasing total network hashrate.

[Velkro]

Only good knows, but maybe it was mining other SHA-256 coins, or in that time the farm was in the deployment/upgrade phase and what we seen was only a test run.

Agree, anyways good that people follow this, for security reasons

[Minerjoe]

Does anyone realize chinese farms/pools + unknown control 70% of the current hash rate? You're crazy if your still mining as an individual in the English speaking world (I'm assuming you all not chinese because you're here). Who cares what the difficulty is? None of you are ever going to make anything more than pocket change by mining from this point forward.

BW.com  https://www.bw.com 13%

F2Pool  https://www.f2pool.com 15%

Antpool  https://www.bitmaintech.com/about.htm 17%

BTCChina  https://www.btcchina.com/#/ 6%

Unknown 20%

I generally agree. Private and home mining s been dead for a long time.
The key s increased acceptance. All these farms and mining efforts generate about 3500 BTC per day, regardless of the difficulty. The key s to find a way to absorb these 3500 BTC per day and the economy will grow.

[odolvlobo]

Keep in mind that the graphs are not actually showing hash rate. They are showing the rate that blocks are being produced, and the hash rate is inferred.

There is a huge random component to block production. Spikes in the graph are generally random fluctuations, though there have been times when the effect of farms being turned on and off have shown up in the charts.

[Minerjoe]

Keep in mind that the graphs are not actually showing hash rate. They are showing the rate that blocks are being produced, and the hash rate is inferred.

There is a huge random component to block production. Spikes in the graph are generally random fluctuations, though there have been times when the effect of farms being turned on and off have shown up in the charts.

So what do you use to monitor hashrate?