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Author Topic: See you tomorrow with new Difficulty level  (Read 1350 times)
AngelusWebDesign
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June 06, 2011, 05:28:07 AM
 #1

It won't be fun seeing less Bitcoins come in per day -- but the USD/Bitcoin price has already begun to react. It's at 19 at the moment.
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Reply with quote  #2

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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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kr105
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June 06, 2011, 05:38:34 AM
 #2

I learned that wait 20 days for the hardware isn't a big deal, even if my local prices are 40% higher. Next time i will purchase locally and start mining same day.

But with the new difficulty in mind, i expect that i'll get my investement back in one month or so, so not a big loss.

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metallicaband
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June 06, 2011, 05:46:08 AM
 #3

Will the difficulty level get harder for sure by tomorrow? If so, how can you calculate when will the difficulty will change and how much will the new difficulty will be?

I'm still new to this so please bear with me.
zale
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June 06, 2011, 05:48:42 AM
 #4

Will the difficulty level get harder for sure by tomorrow? If so, how can you calculate when will the difficulty will change and how much will the new difficulty will be?

I'm still new to this so please bear with me.
Yes. In about 9-10 hours and it will change to 570000-580000 (blockexplorer estimate constantly increases atm).
So about 30% increase
gigabytecoin
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June 06, 2011, 05:50:30 AM
 #5

You guys need to stop worrying about the difficulty lest you go crazy!!!
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June 06, 2011, 05:55:35 AM
 #6

You guys need to stop worrying about the difficulty lest you go crazy!!!

.... too late for many. Smiley

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jme621
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June 06, 2011, 06:06:02 AM
 #7

Will the difficulty level get harder for sure by tomorrow? If so, how can you calculate when will the difficulty will change and how much will the new difficulty will be?

I'm still new to this so please bear with me.

up at top, give estimated diff, how many blocks until it changes and also how many blocks per hour so you can sorda get rough idea

http://bitcoincharts.com/markets/

Estimated   560419 in 74 blks
Blocks/hour   12.59

74/12.59= roughly 6 hours till increase
metallicaband
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June 06, 2011, 06:25:25 AM
 #8

Will the difficulty level get harder for sure by tomorrow? If so, how can you calculate when will the difficulty will change and how much will the new difficulty will be?

I'm still new to this so please bear with me.

up at top, give estimated diff, how many blocks until it changes and also how many blocks per hour so you can sorda get rough idea

http://bitcoincharts.com/markets/

Estimated   560419 in 74 blks
Blocks/hour   12.59

74/12.59= roughly 6 hours till increase

Thanks a lot that's exactly what I wanted to understand =).
fasti
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June 06, 2011, 06:45:22 AM
 #9

~Million next : )

1QCcAR3e3wdxr7CcJ8ND1NmWuvLttCJScH
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