Network just jumped up 100 petahashes!!!

[philipma1957]

The hash rate will keep on rising as Bitmain has plan to deliver 40PH/s in the next two months. Bitmain usually delivers.

Bitmaintech will sell s-7's as long as people will buy them. 

It will be 100ph by march 1st.

The op has gotten it right  faster then I did.  Builders of asics are going to sell and sell and sell.  And sell more.  diff will go over 100 by march 1st.

The worry needs to be price..  as only one thing will stop the selling of new gear +  huge price drops to under 200 usd .

[d57heinz]

i predict diff over 100 possibly by end of month at the earliest.. latest would be  mid jan..   We already past 660 peta.    Source bitcoinwisdom.   so to go on the method that seem to work for me.. the highest 24 hour peak that i seen was 740 petahashes.. So i expect within a couple more diff changes that we be around 105 bil diff.  Current 24 hr hashrate is.. 740,930.10 TH/s ..

Best Regards
d57heinz

edit   new 24 hour high 748,122.41 TH/s

Make that  786,558.35 TH/s   Damn.. when is enough enough!!!  at what point do we say thats enough hash to secure the network. Come on now.. at some point id say its overkill..

[philipma1957]

i predict diff over 100 possibly by end of month at the earliest.. latest would be  mid jan..   We already past 660 peta.    Source bitcoinwisdom.   so to go on the method that seem to work for me.. the highest 24 hour peak that i seen was 740 petahashes.. So i expect within a couple more diff changes that we be around 105 bil diff.  Current 24 hr hashrate is.. 740,930.10 TH/s ..

Best Regards
d57heinz

well price is over 410 and does support 100 diff and we are in the middle of a huge amount of hash.

 So 100 by new years will happen and if you look at this price offered for cloud s-7's


https://bitcointalk.org/index.php?topic=1283287.0


I can see more on line.  By the end of Jan  say a diff of 120.

A diff of 120 with a price  of 400 usd  starts killing off some gear.  S-3's   lose money at a diff of 110 and 10 cent power

s-5's lose money with a price of 400 usd a coin  a diff of 160 and 10 cent power

So maybe we push up near a diff of 120 kill off all gear  worse then .75 watts a gh  then slowly rise. At a certain point  the older gear drops off and the diff flattens.

[d57heinz]

i predict diff over 100 possibly by end of month at the earliest.. latest would be  mid jan..   We already past 660 peta.    Source bitcoinwisdom.   so to go on the method that seem to work for me.. the highest 24 hour peak that i seen was 740 petahashes.. So i expect within a couple more diff changes that we be around 105 bil diff.  Current 24 hr hashrate is.. 740,930.10 TH/s ..

Best Regards
d57heinz

well price is over 410 and does support 100 diff and we are in the middle of a huge amount of hash.

 So 100 by new years will happen and if you look at this price offered for cloud s-7's


https://bitcointalk.org/index.php?topic=1283287.0


I can see more on line.  By the end of Jan  say a diff of 120.

A diff of 120 with a price  of 400 usd  starts killing off some gear.  S-3's   lose money at a diff of 110 and 10 cent power

s-5's lose money with a price of 400 usd a coin  a diff of 160 and 10 cent power

So maybe we push up near a diff of 120 kill off all gear  worse then .75 watts a gh  then slowly rise. At a certain point  the older gear drops off and the diff flattens.

i agree completely.. I think this push is to drop off all the old gear.   And to preorder now i think is a bit risky to say the least.. miners will be 20 % less by end of jan or maybe more if diff keeps up like this..

Best Regards
d57heinz

[d57heinz]

new high    858,525.92 TH/s

 


when the network steadies there it will be at diff  119,934,685,196.55000000..


well have to wait it out to even think of buying any hw...  i learned a hard lesson with the s1 as i chased not only diff but the price dropped aswell.. Sucks to be squeezed so hard so fast

best regards
d57heinz

[d57heinz]

869,363.67 TH/s   for the 24 hour high.. diff at that speed once adjusted.. 121,448,702,034.58000000

just keeps creeping up and up

http://bitcoin.sipa.be/speed-lin-10k.png  500 block avg
http://bitcoin.sipa.be/speed-lin-2k.png    200 block avg

[ezeminer]

We will easily push a 1EH network within the next month at this rate.

Wonder if we hit the 100 difficulty on this difficulty adjustment...

[anthonycamp]

every body need to mine before the hafing into 6 months or soo in this case the Hses growing its normal but will come to less gorwth after the halfing

[d57heinz]

913,340.18 TH/s new 24 hr high reported by wallet
diff at this speed 127,592,148,631.51000000

what a day today

best regards
d57heinz

make that 927,194.71 TH/s

[d57heinz]

We will easily push a 1EH network within the next month at this rate.

Wonder if we hit the 100 difficulty on this difficulty adjustment...

i believe your right.. 1 exa easy  just how much more from there is the question?

Best Regards
d57heinz

[d57heinz]

942,302.93 TH/s  24 hour high   looks like about 200 peta added in last 24 hours.. some could be variance  but damn  thats a hell of a swing!..



Price   416.95 USD/฿
Hashrate   942.30 PH/s
Activity   120 TX/min
Unconfirmed Txs   1,836
Fee Rate   0.00015504 BTC

https://chain.so/BTC

you can see here the expected growth has no signs of stopping soon either.. even the 14 day growth is headed to 1 % per day!!

[epichaberdasher]

Anybody got any explanation for this jump ? Its like nothing ive seen in the past. Im quite shocked actually.

[helipotte]

Anybody got any explanation for this jump ? Its like nothing ive seen in the past. Im quite shocked actually.

Most likely Antpool.  They have almost 25% of the entire network.

[Amph]

Anybody got any explanation for this jump ? Its like nothing ive seen in the past. Im quite shocked actually.

combination of many things, all at once, more miners, another new company jumping in? and diff error a big %

[QuintLeo]

We've seen bigger diff adjustments in the past, just not in the last couple years or so.

 I expect it's a combination of factors:

 1) Bitmain continuing to build S7s as fast as they can, deploying them to their own farm 'till they can sell some of them.
 2) Avalon getting 6 production ramped up, then see #1.
 3) Possibility BitFury has gotten it's new 14nm gear into full production.
 4) Possibility Spondoolies has gotten the SP50 into production.
 5) Possibility BW.com got the B-Eleven into production earlier than expected.
 6) Long shot Innosilicon has gotten the A3 into production months earlier than estimated.



 Generation change is happening in miners, always fuels a high amount of new hashrate for a while.

[opper]

Where are KNC on the map here? Thought they are a major player in this game?

[QuintLeo]

KnC has had no significant hash rate increase in a LONG time in their in-house pool.
 Dunno if they're having yield issues on their announced "solar" chip, or if they were making bogus claims of "when" AGAIN, or if they're in a major financial bind and can't buy enough of them to matter (one post somewhere on the forums here mentioned their bank "freezing" their account).


 I suppose I should list them as 7) though.

[Blamsud]

Where are KNC on the map here? Thought they are a major player in this game?

KNC was overtaken by Bitmain and Bitfury long long ago. Bitmain is the largest supplier of the miners in the world.