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Author Topic: Difficulty = 567358  (Read 4763 times)
urtur
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June 06, 2011, 12:27:22 PM
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So: mining is now 30% harder than it used to be before.
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RedLine888
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June 06, 2011, 12:30:51 PM
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at least it did not jump to +78.1% like the previous time!

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June 06, 2011, 12:32:18 PM
 #3

was about to post this, you beat me!

theres only one thing to do guys.... buy more GPUs lol

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June 06, 2011, 12:33:50 PM
 #4

So: mining is now 30% harder than it used to be before.


Difficulty posts are like posting "FIRST!!" in a blog.

FOURTH!!!    Grin

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June 06, 2011, 12:33:57 PM
 #5

I'm curious to see how this effects the market.

RedLine888
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June 06, 2011, 12:34:50 PM
 #6

))

Waiting for HD 7990 with 6400 ALUs! Roll Eyes

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mewantsbitcoins
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June 06, 2011, 12:35:35 PM
 #7

This was easy because price stagnated for a while. I bet next jump will be to >10^6
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June 06, 2011, 12:36:50 PM
 #8

Before the last reset we saw rapid growth in hashing rate, and then a significant drop off after the reset.  Once again the hashing rate grew significantly before today's reset to a higher level.  Is this the effect of casual miners losing interest when the difficulty resets?  

Time to throw another 6950 into the mix.  It's a decent room heater as a bonus (winter here).


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urtur
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June 06, 2011, 12:37:40 PM
 #9

I bet next jump will be to >10^6

I bet 800 - 850k.
RedLine888
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June 06, 2011, 12:38:52 PM
 #10

According to http://blockexplorer.com/q/estimate the next difficilty would be MONSTROUS 2269081.63275582!!!

I hope there is a mistake somewhere...

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airdata
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June 06, 2011, 12:41:05 PM
 #11

I hope you're wrong about that.

That would be 400% ? 

Hypothetically, if an increase like that occurred, how long would it take to go back down assuming drastically slowed production of blocks ?
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June 06, 2011, 12:44:33 PM
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According to http://blockexplorer.com/q/estimate the next difficilty would be MONSTROUS 2269081.63275582!!!

I hope there is a mistake somewhere...

how does that work? what I see is 771795.76943028

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June 06, 2011, 12:44:41 PM
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According to http://blockexplorer.com/q/estimate the next difficilty would be MONSTROUS 2269081.63275582!!!

I hope there is a mistake somewhere...

This happens all the time after difficulty jumps. It is due to the way it's calculated. Give it 12-24 hours to readjust - then you'll see real estimation. Also, if you noticed total hashing power is displayed as >7Th/s which is nonsense. We "only" have about 4.5
RedLine888
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June 06, 2011, 12:46:15 PM
 #14

Well, that is not my assumption! These are rough facts taken from http://blockexplorer.com.

Just noticed that before difficulty increase the network total spped was ~ 5.7 Thash/s and now it is ~ 7.5 Thash/s!!!

What are those machines that do such a huge influx to the network? Or is it again a calculation mistake?

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June 06, 2011, 12:46:47 PM
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I hope you're wrong about that.

That would be 400% ?  

Hypothetically, if an increase like that occurred, how long would it take to go back down assuming drastically slowed production of blocks ?

It's my understanding that 400% is the maximum increase.

And as for how long it would take to go back down - it wouldn't, unless people stopped mining.  If difficulty and hashing power were in balance then the difficulty wouldn't change.  And if the next jump in difficulty were 400% then that would suggest that there was even more extra hashing power in the network (because the chances that the amount of hashing power in the network warranted exactly the maximum increase in difficulty is pretty small).

EDIT: current estimate of next difficulty is 771795, "only" a 36% increase

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RedLine888
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June 06, 2011, 12:47:55 PM
 #16

According to http://blockexplorer.com/q/estimate the next difficilty would be MONSTROUS 2269081.63275582!!!

I hope there is a mistake somewhere...

how does that work? what I see is 771795.76943028

Uhhhh! Indeed it is O_o
I sware it showed that number!

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RedLine888
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June 06, 2011, 12:49:46 PM
 #17

According to http://blockexplorer.com/q/estimate the next difficilty would be MONSTROUS 2269081.63275582!!!

I hope there is a mistake somewhere...

This happens all the time after difficulty jumps. It is due to the way it's calculated. Give it 12-24 hours to readjust - then you'll see real estimation. Also, if you noticed total hashing power is displayed as >7Th/s which is nonsense. We "only" have about 4.5

Calmed me down a little))

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gentakin
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June 06, 2011, 12:54:35 PM
 #18

It's due to the way the estimate is calculated.

The script basically looks at the number of blocks found in the last x hours (24? 12? don't know), and assumes they all had a difficulty of the *CURRENT* difficulty, although the current difficulty is now ~30% higher than yesterday. So the script "thinks" those blocks from yesterday were just as difficult to find as today. Of course, they were actually easier to find, so the script overestimates the current network hashrate. Because it thinks the hashrate is higher, it will also estimate a much higher difficulty.

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June 06, 2011, 12:58:33 PM
 #19

1044054.51192240 now....

but if the price keeps going up, earning less BTC is OK...

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Sukrim
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June 06, 2011, 01:02:01 PM
 #20

They could just take the time between last block + this block and calculate which hashrate you'd need to solve it theoretically in exactly this amount of time.

Very lucky short rounds would cause huge spike though, so these numbers then would need to be averaged out again, but it would handle difficulty changes very well + fast.

Could be even done on historic blockexplorer date quite easily. Anyone up for an afternoon challenge? Wink

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