May 31st to June 14th diff adjustment thread with promo picks NOW CLOSED!

[philipma1957]

Just opened thread.

same rules as last   picks start at block 300---- and end at block 1000.

No picks honored till block 300.



This is a carry over pool   so winner get .2   .1 from last and .1 from this one.


https://bitcoinwisdom.com/bitcoin/difficulty


Bitcoin Difficulty:   47,589,591,154
Estimated Next Difficulty:   46,667,541,039 (-1.94%)
Adjust time:   After 1961 Blocks, About 13.5 days
Hashrate(?):   353,998,693 GH/s
Block Generation Time(?):   
1 block: 9.9 minutes
3 blocks: 29.6 minutes
6 blocks: 59.3 minutes
Updated:   23:15 (3.4 minutes ago)


we have made 55 blocks so far.
I think block 358848 at 19:06  was the first one in this diff adjustment.


358848 (Main Chain)   2015-05-31 19:06:25   0000000000000000052bb0c3c8d6c1fba431e7c9c05a625f6b42c68e1173b789                   first


358903 (Main Chain)   2015-06-01 03:03:50   AntPool   0000000000000000094bfd73f0cff1f4bb3f0a1bce95160d50cdfe5733e876c3      current


55 in 8 hours should be 48  we are over for now

[1713935095]

1713935095

[1713935095]

1713935095

[philipma1957]

spacer.


Difficulty History

Date   Difficulty   Change   Hash Rate
May 31 2015   47,589,591,154   -2.50%   340,659,563 GH/s
May 17 2015   48,807,487,245   2.44%   349,377,603 GH/s
May 03 2015   47,643,398,018   0.07%   341,044,727 GH/s
Apr 19 2015   47,610,564,513   -3.71%   340,809,696 GH/s
Apr 05 2015   49,446,390,688   5.84%   353,951,052 GH/s
Mar 22 2015   46,717,549,645   -1.50%   334,417,246 GH/s
Mar 08 2015   47,427,554,951   1.59%   339,499,662 GH/s
Feb 22 2015   46,684,376,317   5.01%   334,179,783 GH/s
Feb 09 2015   44,455,415,962   7.71%   318,224,263 GH/s
Jan 27 2015   41,272,873,895   -6.14%   295,442,739 GH/s
Jan 12 2015   43,971,662,056   8.20%   314,761,417 GH/s
Dec 30 2014   40,640,955,017   3.00%   290,919,288 GH/s
Dec 17 2014   39,457,671,307   -1.37%   282,449,013 GH/s
Dec 02 2014   40,007,470,271   -0.73%   286,384,627 GH/s
Nov 18 2014   40,300,030,328   1.76%   288,478,854 GH/s
Nov 05 2014   39,603,666,252   10.05%   283,494,086 GH/s
Oct 23 2014   35,985,640,265   2.81%   257,595,247 GH/s
Oct 09 2014   35,002,482,026   0.98%   250,557,526 GH/s
Sep 25 2014   34,661,425,924   16.20%   248,116,151 GH/s
Sep 13 2014   29,829,733,124   8.75%   213,529,547 GH/s
Aug 31 2014   27,428,630,902   15.03%   196,341,788 GH/s
Aug 19 2014   23,844,670,039   20.86%   170,686,797 GH/s
Aug 08 2014   19,729,645,941   5.30%   141,230,307 GH/s
Jul 25 2014   18,736,441,558   8.08%   134,120,673 GH/s
Jul 12 2014   17,336,316,979   3.08%   124,098,191 GH/s


--------------------------------Turning point for adjustment rate----------------------------- IMO

Jun 29 2014   16,818,461,371   24.93%   120,391,236 GH/s
Jun 18 2014   13,462,580,115   14.51%   96,368,902 GH/s
Jun 05 2014   11,756,551,917   12.44%   84,156,677 GH/s
May 24 2014   10,455,720,138   18.10%   74,844,960 GH/s
May 12 2014   8,853,416,309   10.66%   63,375,223 GH/s
Apr 29 2014   8,000,872,136   14.64%   57,272,474 GH/s
Apr 17 2014   6,978,842,650   14.04%   49,956,502 GH/s
Apr 05 2014   6,119,726,089   22.23%   43,806,706 GH/s
Mar 24 2014   5,006,860,589   17.80%   35,840,504 GH/s
Mar 13 2014   4,250,217,920   11.39%   30,424,245 GH/s
Feb 28 2014   3,815,723,799   21.92%   27,314,015 GH/s
Feb 17 2014   3,129,573,175   19.39%   22,402,357 GH/s
Feb 05 2014   2,621,404,453   19.49%   18,764,744 GH/s
Jan 24 2014   2,193,847,870   22.59%   15,704,175 GH/s
Jan 13 2014   1,789,546,951   26.16%   12,810,076 GH/s
Jan 02 2014   1,418,481,395   20.12%   10,153,885 GH/s
Dec 21 2013   1,180,923,195   30.01%   8,453,378 GH/s
Dec 10 2013   908,350,862   28.41%   6,502,229 GH/s
Nov 29 2013   707,408,283   16.07%   5,063,826 GH/s
Nov 17 2013   609,482,680   19.29%   4,362,847 GH/s
Nov 05 2013   510,929,738   30.70%   3,657,378 GH/s
Oct 26 2013   390,928,788   46.02%   2,798,377 GH/s
Oct 16 2013   267,731,249   41.45%   1,916,495 GH/s
Oct 06 2013   189,281,249   27.19%   1,354,928 GH/s
© 2013-2014 BitcoinWisdom.com

[notlist3d]

It's been one wild summer. To lose more then we gained the previous one is very nice:

May 31 2015   47,589,591,154   -2.50%   340,659,563 GH/s
May 17 2015   48,807,487,245   2.44%   349,377,603 GH/s

I remember some crazy projections on difficulty and what it would be at this time. I'm just happy that said the double digits would stay were wrong.

[philipma1957]

It's been one wild summer. To lose more then we gained the previous one is very nice:

May 31 2015   47,589,591,154   -2.50%   340,659,563 GH/s
May 17 2015   48,807,487,245   2.44%   349,377,603 GH/s

I remember some crazy projections on difficulty and what it would be at this time. I'm just happy that said the double digits would stay were wrong.

Yeah the s-3 generation was a turning point for high adjustments.

  Sales started late June of 2014 and diff slowed also price dropped.

But I for one am happy that nutty jumps are done for now.

[philipma1957]

Just opened thread.

old thread

https://bitcointalk.org/index.php?topic=1063816.0;all


same rules as last   picks start at block 300---- and end at block 1000.

No picks honored till block 300.



This is a carry over pool   so winner get .2   .1 from last and .1 from this one.


https://bitcoinwisdom.com/bitcoin/difficulty


Bitcoin Difficulty:   47,589,591,154
Estimated Next Difficulty:   46,667,541,039 (-1.94%)
Adjust time:   After 1961 Blocks, About 13.5 days
Hashrate(?):   353,998,693 GH/s
Block Generation Time(?):   
1 block: 9.9 minutes
3 blocks: 29.6 minutes
6 blocks: 59.3 minutes
Updated:   23:15 (3.4 minutes ago)


we have made 55 blocks so far.
I think block 358848 at 19:06  was the first one in this diff adjustment.


358848 (Main Chain)   2015-05-31 19:06:25   0000000000000000052bb0c3c8d6c1fba431e7c9c05a625f6b42c68e1173b789                   first


358903 (Main Chain)   2015-06-01 03:03:50   AntPool   0000000000000000094bfd73f0cff1f4bb3f0a1bce95160d50cdfe5733e876c3      current


55 in 8 hours should be 48  we are over for now

[philipma1957]

Sunday

358848   19:06-------5 x 6 =  30 Normal--------33 actual -----      +3
358880   23:58


   

today

358881  00:02-------13.5 x 6 = 81 Normal------78 actual ------     -3  -----------      0
358958  13:29   
 

[ezeminer]

Sunday

358848   19:06-------5 x 6 =  30 Normal--------33 actual -----      +3
358880   23:58


   

today

358881  00:02-------13.5 x 6 = 81 Normal------78 actual ------     -3  -----------      0
358958  13:29   
 

Lets go even lower!

[Mikestang]

How low can we go, how low can we go?  Everybody do the diff drop dance.

[suchmoon]

How low can we go, how low can we go?  Everybody do the diff drop dance.

Someone messed up their dances and did the "price drop" one apparently.

[philipma1957]

How low can we go, how low can we go?  Everybody do the diff drop dance.

Someone messed up their dances and did the "price drop" one apparently.

I sold off 16.5 btc .  In the 230 to 248 range.


 I must have started a run


Now I have to hope for under 200 and I will buy back in!

[alh]

Yeah Phil, that's what we all hope. I was just thinking "I sure hope the price of Bitcoin FALLS so that Phillip can buy back in if he sold some...." 

As for what started the decline, it might have been your sale, or perhaps the BitFury lamp triggered it, or maybe since the NSA can't scoop up as much today, they dropped the price.   

Thanks again for continuing to run these. Any time you want a break from the -1.11% spot, just let me know.

[Mikestang]

How low can we go, how low can we go?  Everybody do the diff drop dance.

Someone messed up their dances and did the "price drop" one apparently.

I sold off 16.5 btc .  In the 230 to 248 range.


 I must have started a run

Maybe it was your 16.5, or maybe it's KNC and their 9000+ that are on the move: https://bitcointalk.org/index.php?topic=1077623.0

[notlist3d]

How low can we go, how low can we go?  Everybody do the diff drop dance.

Someone messed up their dances and did the "price drop" one apparently.

I sold off 16.5 btc .  In the 230 to 248 range.


 I must have started a run


Now I have to hope for under 200 and I will buy back in!

You will look like a genius if this does happen and  you are able to buy back in.   I will be impressed .

Also I will be VERY happy if we get 2 negatives in a row, that would be great mining.

Bitwsidom:
Bitcoin Difficulty:    47,589,591,154
Estimated Next Difficulty:    46,236,511,050 (-2.84%)
Adjust time:    After 1851 Blocks, About 12.9 days
Hashrate(?):    331,796,958 GH/s

[Mikestang]

You will look like a genius if this does happen and  you are able to buy back in.   I will be impressed .

Also I will be VERY happy if we get 2 negatives in a row, that would be great mining.

Bitwsidom:
Bitcoin Difficulty:    47,589,591,154
Estimated Next Difficulty:    46,236,511,050 (-2.84%)
Adjust time:    After 1851 Blocks, About 12.9 days
Hashrate(?):    331,796,958 GH/s

I'm still waiting for our first double digit negative, that will be a good sign.

[Biodom]

You will look like a genius if this does happen and  you are able to buy back in.   I will be impressed .

Also I will be VERY happy if we get 2 negatives in a row, that would be great mining.

Bitwsidom:
Bitcoin Difficulty:    47,589,591,154
Estimated Next Difficulty:    46,236,511,050 (-2.84%)
Adjust time:    After 1851 Blocks, About 12.9 days
Hashrate(?):    331,796,958 GH/s

I'm still waiting for our first double digit negative, that will be a good sign.

In 2011 difficulty dropped 50% just before btc bottomed.
the equivalent % decrese to 2011 would be ~$72-85, which would be horrible.
At these numbers, i would assume that bitcoin died or has no future.
In fact all these debates about 1mb vs 4-8-20mb makes it look a bit bewildering to almost any outside observer.
In addition-how can something could be supposedly decentralized, when five, two or even a SINGLE person decide(s) one of the most important parameters?
 

[philipma1957]

my guess is June 1 = summer power rates in many places.

I see a drop in price and in diff.  price to get close to 200.

Diff to drop more then 5%.

I will buy 20 coins if we get under 180
 10 if we go  under 200

[notlist3d]

my guess is June 1 = summer power rates in many places.

I see a drop in price and in diff.  price to get close to 200.

Diff to drop more then 5%.

I will buy 20 coins if we get under 180
 10 if we go  under 200

For a few miners summer really does make it hard.  Some don't realize some places battling the normal heat is one heck of a pain.   I am finally happy with my new area on miners.   So a little over 10 k watts split between 2 areas.   I have spent quite a bit on new fans, and gable fan.  Some cost I did not list was throwing up a security camera on new spot even though it is in garage/work area, also got security alarm updated to include garage/work area.  Those are two things I did not include in ROI as I figure I will use them after aswell.

Bitwisdom looks very nice tonight at:

Bitcoin Difficulty:    47,589,591,154
Estimated Next Difficulty:    46,092,375,333 (-3.15%)
Adjust time:    After 1827 Blocks, About 12.8 days
Hashrate(?):    331,032,561 GH/s

If we get over -2 I will be thrilled during this change.

[kenscho]

it will be great when we have a negative difficulty
but when the price sinks, its also negative for us miners...

[notlist3d]

Morning Bitwisdom looks even better.  I can only hope we get this lucky:

Bitcoin Difficulty:    47,589,591,154
Estimated Next Difficulty:    46,201,275,110 (-2.92%)
Adjust time:    After 1781 Blocks, About 12.4 days
Hashrate(?):    329,944,837 GH/s

[philipma1957]

https://blockchain.info/blocks/1433270226743


Sunday

358848   19:06-------5 x 6 =  30 Normal--------33 actual -----      +3
358880   23:58


   

Monday 6-1

358881  00:02-------144 Normal---------------132 actual ------      -12  -----------      -9
359012  13:29   
 

Tues   6-2

359013 00:13     6 x 18.5 = 111(normal)    116 actual ------     + 5--------------   - 4
359129 18:33



281 made  285 normal  = 0.9859 -1 = -0.01403  =     (-1.403%)



https://bitcoinwisdom.com/bitcoin/difficulty       (-2.33%)    227  usd