July 11th to July 25th diff thread. Picks are now closed.

[notlist3d]

127 blocks instead of 144   -17 for the day  very nice.

still keeps us alive for a negative number!

we have 541 blocks to  go  a 127  a day pace would be great!

That would be amazing if we get a negative number out of all of this.   Even a small positive is not to bad.

I just wish BTC price would jump up a little.

[Mikestang]

It seems since Greece has settled down so has the bitcoin price.  Albeit higher than when the shit first hit the fan over there, but not quite the $300+ everyone was hoping for/predicting.

[notlist3d]

Bitwisdom:

Bitcoin Difficulty:    51,076,366,303
Estimated Next Difficulty:    51,673,736,860 (+1.17%)
Adjust time:    After 480 Blocks, About 3.3 days
Hashrate(?):    371,363,711 GH/s

Looking very nice at a tad over 1 percent.  If we are around that I will consider this another successful difficulty change.

Price still hanging a little under 280 pretty steady.

[wlefever]

Looking good! I'd rather a negative adjustment than get my pick right.  (+.91%) right now on bitcoinwisdom, and slowly creeping down_down

[notlist3d]

Looking good! I'd rather a negative adjustment than get my pick right.  (+.91%) right now on bitcoinwisdom, and slowly creeping down_down

Slowly bitwisdom keeps going down:

Bitcoin Difficulty:    51,076,366,303
Estimated Next Difficulty:    51,373,201,829 (+0.58%)
Adjust time:    After 426 Blocks, About 2.9 days
Hashrate(?):    369,332,964 GH/s

[philipma1957]

well the blockchain is  a bit over 144 pace today.

https://blockchain.info/blocks


366490 (Main Chain)   2015-07-22 19:40:41

366363 (Main Chain)   2015-07-22 00:20:47


this is 128 blocks in 19 ⅔ hours   we should be at 118


so we are on a 155 pace  what happens is  bitcoinwisedom trails a bit off the real time numbers

I would say we are at +1 to +1.25%

not the lower number on bitcoinwisdom.

[notlist3d]

Price is just right below 280 on coinbase.  Looking like we might be stuck there for rest of difficulty change, just not much varience.

Hopefully next change we can see a increase over 280 again.  And 300 is would be nice.

[alh]

Still looks like an increase coming.......

Bitcoin Difficulty:    51,076,366,303
Estimated Next Difficulty:    51,789,871,699 (+1.40%)
Adjust time:    After 349 Blocks, About 2.4 days
Hashrate(?):    374,170,093 GH/s
Block Generation Time(?):    
1 block: 9.8 minutes
3 blocks: 29.4 minutes
6 blocks: 58.7 minutes
   
Updated:    2:10 (4.6 minutes ago)

BTC Price: $273

[notlist3d]

Still looks like an increase coming.......

Bitcoin Difficulty:    51,076,366,303
Estimated Next Difficulty:    51,789,871,699 (+1.40%)
Adjust time:    After 349 Blocks, About 2.4 days
Hashrate(?):    374,170,093 GH/s
Block Generation Time(?):    
1 block: 9.8 minutes
3 blocks: 29.4 minutes
6 blocks: 58.7 minutes
   
Updated:    2:10 (4.6 minutes ago)

BTC Price: $273

Morning:

Bitwisdom went down slightly:

Bitcoin Difficulty:    51,076,366,303
Estimated Next Difficulty:    51,763,024,604 (+1.34%)
Adjust time:    After 326 Blocks, About 2.2 days
Hashrate(?):    368,556,108 GH/s

Price around 277

[philipma1957]

coins are 278 at coinbase


https://bitcoinwisdom.com/bitcoin/difficulty   (+1.36%)


323 Blocks, About 2.2 days  left


http://btc.blockr.io/charts

July 11    146   +2
July 12    138   -6
July 13    144    0
July 14    143   -1
July 15    156   +12
July 16    130    -14   So we net at -7  
July 17    153   +9     so we net at +2  which is (+0.12%)   this was a big day.
July 18    151   +7     puts us at +9
July 19    145   +1     puts us at +10
July 20    153   +9     puts us at +19
July 21    139   -5      puts us at +14
July 22    145   +1     puts us at +15


https://bitcoinwisdom.com/bitcoin/difficulty        (+1.36%)

Bitcoin Difficulty:   51,076,366,303
Estimated Next Difficulty:   51,771,850,041 (+1.36%)
Adjust time:   After 323 Blocks, About 2.2 days
Hashrate(?):   369,309,524 GH/s
Block Generation Time(?):   
1 block: 9.8 minutes
3 blocks: 29.3 minutes
6 blocks: 58.6 minutes


My real time number using blocks from btc.blockr.io 

is :          +0.88%   

[Mikestang]

Call we officially call the ASIC boom over?  I think so, ASIC Boom RIP 2013 - 2015.

We've defiantly reached a plateau, haven't been in territory like this since mid-2011 thru begin of 2013.  Where do we go from here?  Realistically I don't know how much bigger the network can grow, especially with the next halving right around the corner.  I think the network becomes more efficient, but not much larger than ~400PH/s.

[notlist3d]

Call we officially call the ASIC boom over?  I think so, ASIC Boom RIP 2013 - 2015.

We've defiantly reached a plateau, haven't been in territory like this since mid-2011 thru begin of 2013.  Where do we go from here?  Realistically I don't know how much bigger the network can grow, especially with the next halving right around the corner.  I think the network becomes more efficient, but not much larger than ~400PH/s.

I still think there are a lot of A1 gear on network in cheap electricity areas.  This gear has to drop off someday.

We know LKETC make a TON of dragons.  And other companies made some A1 stuff aswell.  Likely most will be replaced with a newer miner sometime.

[philipma1957]

Its dead Jim.

Seriously I don't see the 500ph mark until well after the  ½ing

Call we officially call the ASIC boom over?  I think so, ASIC Boom RIP 2013 - 2015.

We've defiantly reached a plateau, haven't been in territory like this since mid-2011 thru begin of 2013.  Where do we go from here?  Realistically I don't know how much bigger the network can grow, especially with the next halving right around the corner.  I think the network becomes more efficient, but not much larger than ~400PH/s.

[TheAnalogKid]

Its dead Jim.

Seriously I don't see the 500ph mark until well after the  ½ing

Call we officially call the ASIC boom over?  I think so, ASIC Boom RIP 2013 - 2015.

We've defiantly reached a plateau, haven't been in territory like this since mid-2011 thru begin of 2013.  Where do we go from here?  Realistically I don't know how much bigger the network can grow, especially with the next halving right around the corner.  I think the network becomes more efficient, but not much larger than ~400PH/s.

Call me crazy, but I don't think it's dead yet.  I think we could see 425PH by end of year, along with an associated 20%+ total diff increase.

Simply basing it on if new hardware finally gets out.  I think we'll see a 20% efficiency bump with it, and I think it will have a net trickle-down effect, with those at the bottom (most inefficient hardware) tossing old gear and get more efficient.  I'm not sure there would be a market for that old gear, even with free power, so it might not be as much as I think, but I still think we're in for another decent sized jump before the halving.

However, as always, a lot will have to do with the price of BTC.  If it stays flat up to and through the halving, I think it could bring the total hashrate down considerably as more leave the game because they can no longer afford to mine at all.

But, that's the great thing about speculation... we all don't know but it's fun to talk about...

[philipma1957]

Well it is a spec thread.


https://blockchain.info/blocks/1437615748262

366656 (Main Chain)   2015-07-23 23:58:33
366517 (Main Chain)   2015-07-23 00:12:15


140 blocks made norm is 144   so -4   we are creeping towards a   -  diff rate.

Wonder if we get a surge to over 2.5 % or we drop  to -0.10%

[notlist3d]

Well it is a spec thread.


https://blockchain.info/blocks/1437615748262

366656 (Main Chain)   2015-07-23 23:58:33
366517 (Main Chain)   2015-07-23 00:12:15


140 blocks made norm is 144   so -4   we are creeping towards a   -  diff rate.

Wonder if we get a surge to over 2.5 % or we drop  to -0.10%

This would be great.  I would love to see a negative rate,  its been a bit since one.

If price hangs around 280 and we get a negative that would be a win for miners for sure.

[mavericklm]

140 blocks made norm is 144   so -4   we are creeping towards a   -  diff rate.

Wonder if we get a surge to over 2.5 % or we drop  to -0.10%

Around the middle of this round i thought that it might get to be negative

LE: Price too high for me! need under 200 'cause i want to buy some

[notlist3d]

Price is jumping up! 286 right now on coinbase.

And bitwisdom:

Bitcoin Difficulty:    51,076,366,303
Estimated Next Difficulty:    51,837,623,853 (+1.49%)
Adjust time:    After 187 Blocks, About 1.3 days
Hashrate(?):    366,057,075 GH/s

All looking good as of right now.

[philipma1957]

I will be busy for the next few days. So good luck to all.

[Mikestang]

Price is jumping up! 286 right now on coinbase.

Almost 12 hours later and still over $287, wonder if we'll see $300 this weekend?