Diff thread sept 4th. to sept 17th Picks are closed.

[notlist3d]

Bitcoin got into those special brownies and wants to go to the moon on hashrate and difficulty.

More like bitmain got those special machines to start spitting out S7's I think.  And were just on batch one.  There will be more to come.

Only other big thing is bitmain could be putting S7's in the S5 used miner slots they had after selling in their own data  centers.  So hard to know how many are internal S7's.

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[philipma1957]

http://btc.blockr.io/charts


157 Sept 4 2015 ---- This was partial  but it is +13  on a norm of 144  that is over 9%    that is really high number we  need to see the next few days.

[kromtar]

If they already got chips that are 2x or more energy efficient then the diff will eventualy go 2x or more, and if bitcoin price go up the increase in diff will be even more.

[jonnybravo0311]

Since the diff changed, we've seen 171 blocks.  It's been 28 hours, 3 minutes since the diff change.  This means we're averaging 9.842 minutes per block since the adjustment.  Following that through, it means we're averaging 146.3 blocks every 24 hours... so just a tad over the expected 144.

[DanielRo]

I may guess that a few thousands of Sfards machines are online.

[philipma1957]

I may guess that a few thousands of Sfards machines are online.

well say 2000 of them  so 2000 x 1.7 = 3.4ph or just under 1%

my guess is bitmaintech swapped a shit ton of s-7's for s-5's

 2000 s-7's in = 9.5 ph  take 4000 s-5's out = 4.6ph  net gain is 4.9 ph

2x that

4000 s-7's in = 19ph take 8000 s-5's out = 9.2 ph  net gain is 9.8 ph

So say 3.4 ph in sfards

say 9.8 ph in s-7s'

some bit fury

some knc

and 20ph is added on for +5%

I think we get this 3 times in a row and then go flat.

[Tupsu]

I may guess that a few thousands of Sfards machines are online.

well say 2000 of them  so 2000 x 1.7 = 3.4ph or just under 1%

my guess is bitmaintech swapped a shit ton of s-7's for s-5's

 2000 s-7's in = 9.5 ph  take 4000 s-5's out = 4.6ph  net gain is 4.9 ph

2x that

4000 s-7's in = 19ph take 8000 s-5's out = 9.2 ph  net gain is 9.8 ph

So say 3.4 ph in sfards

say 9.8 ph in s-7s'

some bit fury

some knc

and 20ph is added on for +5%

I think we get this 3 times in a row and then go flat.

AntPool Hashrate  is still 69.62 PH/s

[philipma1957]

I may guess that a few thousands of Sfards machines are online.

well say 2000 of them  so 2000 x 1.7 = 3.4ph or just under 1%

my guess is bitmaintech swapped a shit ton of s-7's for s-5's

 2000 s-7's in = 9.5 ph  take 4000 s-5's out = 4.6ph  net gain is 4.9 ph

2x that

4000 s-7's in = 19ph take 8000 s-5's out = 9.2 ph  net gain is 9.8 ph

So say 3.4 ph in sfards

say 9.8 ph in s-7s'

some bit fury

some knc

and 20ph is added on for +5%

I think we get this 3 times in a row and then go flat.

AntPool Hashrate  is still 69.62 PH/s

They have more hashrate then what is on that pool.

[DanielRo]

I may guess that a few thousands of Sfards machines are online.

well say 2000 of them  so 2000 x 1.7 = 3.4ph or just under 1%

my guess is bitmaintech swapped a shit ton of s-7's for s-5's

 2000 s-7's in = 9.5 ph  take 4000 s-5's out = 4.6ph  net gain is 4.9 ph

2x that

4000 s-7's in = 19ph take 8000 s-5's out = 9.2 ph  net gain is 9.8 ph

So say 3.4 ph in sfards

say 9.8 ph in s-7s'

some bit fury

some knc

and 20ph is added on for +5%

I think we get this 3 times in a row and then go flat.

You may be right about Bitmaintech.
Last year when I've first bought a scrypt miner from Zeusminer there were many Chinese entrepreneurs who made custom orders. They were the first who received the products, and they've bought a lot of products.
If the situation is the same with Bitmaintech, if they are assembling S7 right now the first clients will be from China. S7 is the best product in power consumption so I assume there are thousands of Chinese orders.
The increased hash rate wont be found in Bitmaintech pool, it will be on the other Chinese pools. 

[Tupsu]

AntPool Hashrate  is still 69.62 PH/s

They have more hashrate then what is on that pool.

Explain why it is beneficial for them?

Too much profit, and they want to share it with the another pool owner?

They owned really  another pool,  but this is for solo mining. 
Total over 14.00 PH/s
https://www.antpool.com/poolStatsRankings.htm

 Any Antpool user can join it.

[philipma1957]

AntPool Hashrate  is still 69.62 PH/s

They have more hashrate then what is on that pool.

Explain why it is beneficial for them?

Too much profit, and they want to share it with the another pool owner?

They owned really  another pool,  but this is for solo mining.  
Total over 14.00 PH/s
https://www.antpool.com/poolStatsRankings.htm

 Any Antpool user can join it.

  I was referring to the  solo pool and I was also referring to

hashnest pacmic v3  which is 24ph.

so the is 68 ph + 14 ph + 24 ph = 106ph

most of the current rise is due to pacmic v3.

  I also believe they use s-7's and charge buyers like it is an s-5  so 23826 th in contracts  Is just about the diff jump and they are fucking whaling on it.

Since they charge you based on s-5 power rates while they run s-7's (this is my guess)

 but if I were them  I would be doing it.

[VirosaGITS]

This mechanic of charging at S5 prices while running S7 or something unknown is also probably applicable to most hashrate on hashnest. Milk users at 97% of Revenue/Cost while in actuality they're running some other(more efficient) hardware while the obsolete hardware are boxed in storage somewhere. Pretty smart.

[Tupsu]

  I was referring to the  solo pool and I was also referring to

hashnest pacmic v3  which is 24ph.

so the is 68 ph + 14 ph + 24 ph = 106ph

most of the current rise is due to pacmic v3.

  I also believe they use s-7's and charge buyers like it is an s-5  so 23826 th in contracts  Is just about the diff jump and they are fucking whaling on it.

Since they charge you based on s-5 power rates while they run s-7's (this is my guess)

 but if I were them  I would be doing it.

If You  believe  that pacmic v3 is real mining farm with Antminer S5,  or that they are pacmic S5 mining  in  another pool,  then you have to be disappointed.  It's just a BTC loan paying back with  weird counting.

All pacmic  payments are counted  by Antpool  blocks timing and blocks number.

The more blocks in Antpool  get found, then more  profitable pacmic is for Bitmain.

This mechanic of charging at S5 prices while running S7 or something unknown is also probably applicable to most hashrate on hashnest. Milk users at 97% of Revenue/Cost while in actuality they're running some other(more efficient) hardware while the obsolete hardware are boxed in storage somewhere. Pretty smart.

So will produce free electricity. Find one sucker who will pay for electricity and put profits in your pocket.

[philipma1957]

http://btc.blockr.io/charts


157 Sept 4 2015 ---- This was partial  but it is +13  on a norm of 144  that is over 9%    that is really high number we  need to see the next few days.
150 Sept 5 2015 ---- +6   for the day about +19 for the first 261 blocks

so 261 vs 242 = +7.85%

bitcoinwisdom is +7.09%

picks open in seven hours or so.

My pick will be   -1.01% to -1.25%  not much chance but I am stubborn.

[alh]

BTC price is a up a bit as well. I expect this will tend to support the increase in difficulty for this round. I am a firm believer that difficulty follows price.

[notlist3d]

It is nice to see it jump into the 240's on BTC.  But the difficulty change still scares me.

I was scared enough I sold my beloved 1.5T Dragon.  I was holding onto it as it's so dang heavy shipping is not cheap.   On the 1.5 they really beefed up the heatsinks vs the 1T dragon.   But it is gone.

I am now pretty much officially ready for all of winter mining (assuming it does not go crazy 5-7 per week).   I just hope this is a big batch of S7's and will slow down after initial batch.

[notlist3d]

Morning Bitwisdom:

Bitcoin Difficulty:    56,957,648,455
Estimated Next Difficulty:    61,061,192,910 (+7.20%)
Adjust time:    After 1696 Blocks, About 11.4 days
Hashrate(?):    423,943,825 GH/s

It's looking like this week is going to hurt.   Price is doing better at around 240.  So good and bad.

[philipma1957]

picks are open.



-1.01% to -1.25%  philipma1957

[notlist3d]

6.51 - 6.75

Thanks for doing it once again!

[Kexkey]

6.76 to 7.00%

That will hurt.