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Author Topic: Betting on the difficulty after next increase.  (Read 1001 times)
bcpokey
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June 03, 2011, 01:23:04 PM
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Confusing title I apologize, but as bitcoin price has spiked to $14 this morning, it's doubtful enough power will be brought to bear in the next 3 or 4 days before the difficulty increase to 530k, but the difficulty AFTER 530k... well I think it would be fun to speculate on, maybe even get some bets going (ala CydeWylde).

Price doesn't follow difficulty but you better believe difficulty follows price, so what do you think the next next difficulty will be?

I will get the ball rolling, I foresee 535 - 540k for next difficulty followed by ~900k difficulty. I'm not sure I strongly believe this enough to bet BTC on, but... maybe if the right bet came my way Cheesy

In the meantime, I'm curious what others foresee, miners, do you see some real troubles heading your way?

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Sjalq
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June 06, 2011, 08:42:30 AM
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No one disagrees, so no one is betting against you. Smiley

I'm mining and I don't foresee insurmountable problems.

Either
Price will rise and it the delay between price and online mining rigs will continue to yield a handsome profit.
or
Price will fall and the exodus will yield a handsome profit (as has happened earlier this year)
or
Price will stabalize, in which case there's trouble since more and more specialized rigs will begin to take market share on their low power consumption. This might be a problem for me since where I live power is not that cheap and I'm invested in GPU mining.

Cheesy mine mine mine mine mine mine mine Cheesy
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xenon481
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June 06, 2011, 12:04:15 PM
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http://forum.bitcoin.org/index.php?topic=11980.0

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