Setting up new diff thread Dec 6 to Dec 20 picks closed.

[Mikestang]

It wouldn't make sense for them to dump all their hash online at once, that kind of shock to the difficulty would have a huge impact on their earnings, so it makes sense that they ramp it up slowly and not shock the network into large adjustments that affect everyone's bottom line.

[1714040358]

1714040358

[alh]

It wouldn't make sense for them to dump all their hash online at once, that kind of shock to the difficulty would have a huge impact on their earnings, so it makes sense that they ramp it up slowly and not shock the network into large adjustments that affect everyone's bottom line.

I am not sure it matters much to try and "time" when you add hash. If one entity can add enough hash to raise difficulty by 21%, I don't know if there is a lot of reason to make that two 10% steps, or a single step of 21%. BitFury can also see that Bitmain is adding hash at hefty pace via it's S7 deliveries (internal or external), so maybe there isn't much value in trying to "ramp up slowly". After all, is Bitmain going to alter their plans for S7 deliveries based on BitFury actions?

Right now, I think the "ASIC arms race" is fully underway, and it will be a while for it to "exhaust itself" to a situation like the first 6 months of 2015.  The big vendors might be VERY worried about the impact the halving will have on their ability to price miners. They might well want to transfer all that risk to their customers, and not have a lot of S7's waiting to sell in April.

[RichBC]

It wouldn't make sense for them to dump all their hash online at once, that kind of shock to the difficulty would have a huge impact on their earnings, so it makes sense that they ramp it up slowly and not shock the network into large adjustments that affect everyone's bottom line.

I think at the moment it's simpler than that and if you have the miners than you add them as quickly as you can. The sooner they are hashing the more money you will make.

I suspect the only factor limiting a BitFury or KNC is first having the Miners and then the facility and staff to get them up and running.

Rich

[philipma1957]

well it has made these threads a lot more interesting.

I wonder how price will hold under all this action.

[Mikestang]

If one entity can add enough hash to raise difficulty by 21%, I don't know if there is a lot of reason to make that two 10% steps, or a single step of 21%.

The sooner they are hashing the more money you will make.

I think the timing of introducing LARGE amounts of hash power is something that they consider.  The longer you can mine at a lower difficulty the better your bottom line is.  I'm sure there's an analysis a large ASIC company can perform to show them just how much hash to add how fast in order to maximize their return.  When you are adding hundreds of petahash you better be looking at stuff like this or you're dumb at business.

[wlefever]

If one entity can add enough hash to raise difficulty by 21%, I don't know if there is a lot of reason to make that two 10% steps, or a single step of 21%.

The sooner they are hashing the more money you will make.

I think the timing of introducing LARGE amounts of hash power is something that they consider.  The longer you can mine at a lower difficulty the better your bottom line is.  I'm sure there's an analysis a large ASIC company can perform to show them just how much hash to add how fast in order to maximize their return.  When you are adding hundreds of petahash you better be looking at stuff like this or you're dumb at business.

It really is all just a race to mine as many coins as they can before the halving.  Other than running profit numbers on effieciency right now, I really just think their intent is to get as much out of the next 7 months as they can before assessing where the price of BTC is at post halving.

[notlist3d]

If one entity can add enough hash to raise difficulty by 21%, I don't know if there is a lot of reason to make that two 10% steps, or a single step of 21%.

The sooner they are hashing the more money you will make.

I think the timing of introducing LARGE amounts of hash power is something that they consider.  The longer you can mine at a lower difficulty the better your bottom line is.  I'm sure there's an analysis a large ASIC company can perform to show them just how much hash to add how fast in order to maximize their return.  When you are adding hundreds of petahash you better be looking at stuff like this or you're dumb at business.

It really is all just a race to mine as many coins as they can before the halving.  Other than running profit numbers on effieciency right now, I really just think their intent is to get as much out of the next 7 months as they can before assessing where the price of BTC is at post halving.

I think it always has been a race between companies.   This has not changed only change was the companies seem to change sometimes.

Also right now companies are trying to make money with newer chips that they likely spent a ton on R/D.  So  getting it out quick and first is a good way to pay off that R/D cost.

[philipma1957]

Yeah it is like they all paced themselves from February to September then they turned into sprinters.

[adaseb]

Today was a CRAZY DAY again

+25.7%

[philipma1957]

+  9.0 = pusttiu
+10.0   = mavericklm
+10.1 = edonkey
+10.2 = needmoney
+11.8 = flikflak
+12.1 =  zebedee
+12.2 = herzlos1985
+12.3 = philipma1957
+12.5  = Notlist3d
+12.7 = indiemax
+12.8  =radnom------new---can not win btc prize>>> All three must contact with proof of address for usb prize before 1200th block
+12.9  =Forumgeiq---new-- can not win btc prize>>>>"    "        "        "         "      "      "     "       "    "     "       "          "         "
+13.0  = Valkir
+13.1 = cakir
+13.2 = Lauda
+13.3 = Tupsu
+14.2 = 64dimensions
+14.7 = Biodom
+14.8 = jonnybravo0311
+14.9 = Last of the V8s
+15.0 = HerbPean
+15.1 = psy0----------------new--can not win btc prize>>> "    "      "         "         "          "       "     "       "         "    "         "
+15.2 = Mikestang
+15.3 = ailikun
+15.5 = Account Supplier
+16.0 = adaseb
+16.1 = sloopy
+16.4 = vortexz
+16.5 = amph ------------gave  you this number as vortexz was ahead of you
+16.6 = Lboss
+16.7 = lanfeusst
+17.2  = d57heinz
+17.4 = bctmke
+17.5 = Dexter770221
+17.6 = RichBC
+17.7 = Chris_Sabian
+17.8 = ingiltere
+18.0 = alh
+18.4 = VirosaGITS
+18.5 = UfoRia
+18.6 = dukeneptun
+18.7 = Tmdz
+18.8 = Swordsoffreedom
+19.8 = n3o111
+19.9 = wlefever
+20.0 = Kexkey
+20.5 = The Young Turk
+20.7 = radiumsoup
+21.4 = keystroke

+21.5 = wpt1wpt1
+21.7 = ezeminer
+22.2 = Kipper01
+25.5 =  goxed











okay people 3 new members  all joined the forum this month  they are marked above.  suchmoon and I have decided what to do with prize btc and prize compac usb.

    NO New members will not be accepted in this contest they will need at least one month old  account and decent  postings.

I have put down how those three new accounts will be handled.  AND no more new accounts.

And I am banning any more new members from this point on during this adjustment period.

No more for this adjustment.   if you have been on this  site for months , but not in this game that is okay!

https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Difficulty:   79,102,380,900
Estimated Next Difficulty:   94,036,703,659 (+18.88%)
Adjust time:   After 620 Blocks, About 3.6 days
Hashrate(?):   661,796,966 GH/s
Block Generation Time(?):   
1 block: 8.3 minutes
3 blocks: 24.8 minutes
6 blocks: 49.6 minutes
Updated:   22:55 (1.9 minutes ago)




http://btc.blockr.io/charts
Dec 6   157
Dec 7   149
Dec 8   171
Dec 9   174
Dec 10  212
Dec 11  157
Dec 12   167
Dec 13   137
Dec 14   197 ----------Bitfury baby!



 

[notlist3d]

Today was a CRAZY DAY again

+25.7%

That is a massive and scary number to see.  I honestly never thought I would see these numbers again, thinking the network was big enough it would be to hard to do.... it appears I am wrong.

Multiple companies pumping out ton of gear... and we get this.

[keystroke]

Very exciting indeed. So are we are about lockstep with Moore's law now? I guess some manufacturers managed to get efficiency gains without higher density lithography but I have not closely followed any individual product lines. In other words, when can we expect improvements to SHA-256 ASICs to happen on predictable timescales that are equivalent with the rest of the semiconductor industry?

Price is $453 and holding.

[mavericklm]

Estimated Next Difficulty:    93,957,646,968 (+18.78%)
Adjust time:    After 605 Blocks, About 3.5 days
Hashrate(?):    673,871,357 GH/s
Block Generation Time(?):    
1 block: 8.3 minutes
3 blocks: 24.9 minutes
6 blocks: 49.7 minutes
   
with the actual btc price... what should we expect!?!?!?

[UfoRia]

Things will get interesting in the next two days.


UfoRia

[RichBC]

Wow... Is there no end to the excitement? Just up in the UK and we are over £300, do not think it will hold this time as there is a lot of selling pressure. Massive one day difficulty increase and instead of Batches of S7 having a different spec they now have a lower price. Tricky to keep tabs on everything that is happening.  

Rich

[indiemax]

I feel the price has a bit more steam yet,the last run up has been much more controlled than the November spike and more people should hold their nerve.
No doubt the miners see this and want to dump coins but know if they flood it,the price will crash
I'm sure they are dumping  on the way up to take advantage of the price,the longer it lasts the better for everyone

[QuintLeo]

Very exciting indeed. So are we are about lockstep with Moore's law now? I guess some manufacturers managed to get efficiency gains without higher density lithography but I have not closely followed any individual product lines. In other words, when can we expect improvements to SHA-256 ASICs to happen on predictable timescales that are equivalent with the rest of the semiconductor industry?

 After the next generation - though for BitFury and KnC it appeares they are already building that generation, with Innosilicon looking likely to join them in a few months.

 When full-custom 14/16nm becomes widespread, we'll be "caught up" on current tech and mining innovation should slow down lots - and difficulty should flatten out into a long "slow rise" period.

[keystroke]

95,163,423,723 (+20.30%)

[wlefever]

Anything under +20% please! Lol on a serious note, I never saw this amount of hash added at once in 2015 to be possible, but I truly have been proven wrong!

Looks like I will buy some coins before any more mining equipment.

[adaseb]

The day is only 2/3rd of the way done but so far we are at +34 %