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

[philipma1957]

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

my thoughts are this is bitfury putting the 175ph to 225 ph farm online  it is a 50 Mega-Watt farm and it is real.  SO unless it burns to the ground due to bad wiring  we will get a 20% or more jump.

But there is an interesting thing  before new gear back in sept we had 405ph all at .5 watts or worse.

It will go offline if price does not move over 500 usd.

An s-3   loses money at  500 gh 400 watts  at 10 cents a kwatt  at a diff of 101 with the current price of 457 so the s-3 will give up the ghost next jump.

there was about 60ph in s-3's

So when the gets over  100 diff which it will by years end older gear will drop off.

[notlist3d]

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

my thoughts are this is bitfury putting the 175ph to 225 ph farm online  it is a 50 Mega-Watt farm and it is real.  SO unless it burns to the ground due to bad wiring  we will get a 20% or more jump.

But there is an interesting thing  before new gear back in sept we had 405ph all at .5 watts or worse.

It will go offline if price does not move over 500 usd.

An s-3   loses money at  500 gh 400 watts  at 10 cents a kwatt  at a diff of 101 with the current price of 457 so the s-3 will give up the ghost next jump.

there was about 60ph in s-3's

So when the gets over  100 diff which it will by years end older gear will drop off.

It is crazy.  If they can a dataccenter with that much power.  It is crazy.  I just am happy SP team has not got SP50 out yet.  Imagine it jumping in to this.

Good news is we are hitting over 460.. so good.  But the difficulty is crazy.

[The Young Turk]

I think one of us gonna win this time

Code:

+19.8 = n3o111
+19.9 = wlefever
+20.0 = Kexkey
+20.5 = The Young Turk
+20.7 = radiumsoup

[hazenyc]

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

my thoughts are this is bitfury putting the 175ph to 225 ph farm online  it is a 50 Mega-Watt farm and it is real.  SO unless it burns to the ground due to bad wiring  we will get a 20% or more jump.

But there is an interesting thing  before new gear back in sept we had 405ph all at .5 watts or worse.

It will go offline if price does not move over 500 usd.

An s-3   loses money at  500 gh 400 watts  at 10 cents a kwatt  at a diff of 101 with the current price of 457 so the s-3 will give up the ghost next jump.

there was about 60ph in s-3's

So when the gets over  100 diff which it will by years end older gear will drop off.

It is crazy.  If they can a dataccenter with that much power.  It is crazy.  I just am happy SP team has not got SP50 out yet.  Imagine it jumping in to this.

Good news is we are hitting over 460.. so good.  But the difficulty is crazy.

Mining at 13.5 cents per kWh and an efficiency of 0.25 J/GH you need a difficulty of 285,605,589,549 to break even at today's price of $460..

[adaseb]

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

my thoughts are this is bitfury putting the 175ph to 225 ph farm online  it is a 50 Mega-Watt farm and it is real.  SO unless it burns to the ground due to bad wiring  we will get a 20% or more jump.

But there is an interesting thing  before new gear back in sept we had 405ph all at .5 watts or worse.

It will go offline if price does not move over 500 usd.

An s-3   loses money at  500 gh 400 watts  at 10 cents a kwatt  at a diff of 101 with the current price of 457 so the s-3 will give up the ghost next jump.

there was about 60ph in s-3's

So when the gets over  100 diff which it will by years end older gear will drop off.

How do you know they sold 133,333 Antminer S3's ? Seems like it would take a really really long time to produce that many S3.

[philipma1957]

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

my thoughts are this is bitfury putting the 175ph to 225 ph farm online  it is a 50 Mega-Watt farm and it is real.  SO unless it burns to the ground due to bad wiring  we will get a 20% or more jump.

But there is an interesting thing  before new gear back in sept we had 405ph all at .5 watts or worse.

It will go offline if price does not move over 500 usd.

An s-3   loses money at  500 gh 400 watts  at 10 cents a kwatt  at a diff of 101 with the current price of 457 so the s-3 will give up the ghost next jump.

there was about 60ph in s-3's

So when the gets over  100 diff which it will by years end older gear will drop off.

How do you know they sold 133,333 Antminer S3's ? Seems like it would take a really really long time to produce that many S3.

I know they did quite a bit of them.  I tracked sales at the addresses they used for payments.  And remember they  sold at  pretty low prices for a while.

They were a big improvement over the s-1  and the s-1 sold 20ph worth of units.  

back to blocks made today

https://blockchain.info/blocks

388619 (Main Chain)   2015-12-15 23:09:55
388441 (Main Chain)   2015-12-15 00:04:02

above we did 179 blocks today  with 50 minutes left so at least +35 blocks for the day.

coins are at 464.

at everybody if coin price drops to 275 or 230  what would you do?

[Mikestang]

An s-3   loses money at  500 gh 400 watts  at 10 cents a kwatt  at a diff of 101 with the current price of 457 so the s-3 will give up the ghost next jump.

there was about 60ph in s-3's

There are big farms like the one HaoBTC runs that are filled with S3s at less than $0.03/kW, so this isn't the end of the S3 by a long shot, we will still see multi-PH on the network from them.  Plus they are still a great machine for the hobbiest who seldom doesn't care about price to operate (and also doesn't make up a significant network percentage).

(pict from HaoBTC thread)

[adaseb]

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

my thoughts are this is bitfury putting the 175ph to 225 ph farm online  it is a 50 Mega-Watt farm and it is real.  SO unless it burns to the ground due to bad wiring  we will get a 20% or more jump.

But there is an interesting thing  before new gear back in sept we had 405ph all at .5 watts or worse.

It will go offline if price does not move over 500 usd.

An s-3   loses money at  500 gh 400 watts  at 10 cents a kwatt  at a diff of 101 with the current price of 457 so the s-3 will give up the ghost next jump.

there was about 60ph in s-3's

So when the gets over  100 diff which it will by years end older gear will drop off.

How do you know they sold 133,333 Antminer S3's ? Seems like it would take a really really long time to produce that many S3.

I know they did quite a bit of them.  I tracked sales at the addresses they used for payments.  And remember they  sold at  pretty low prices for a while.

They were a big improvement over the s-1  and the s-1 sold 20ph worth of units.  

back to blocks made today

https://blockchain.info/blocks

388619 (Main Chain)   2015-12-15 23:09:55
388441 (Main Chain)   2015-12-15 00:04:02

above we did 179 blocks today  with 50 minutes left so at least +35 blocks for the day.

coins are at 464.

at everybody if coin price drops to 275 or 230  what would you do?

Do you know approx how many units of the Antminer S2 they sold ?

[philipma1957]

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

my thoughts are this is bitfury putting the 175ph to 225 ph farm online  it is a 50 Mega-Watt farm and it is real.  SO unless it burns to the ground due to bad wiring  we will get a 20% or more jump.

But there is an interesting thing  before new gear back in sept we had 405ph all at .5 watts or worse.

It will go offline if price does not move over 500 usd.

An s-3   loses money at  500 gh 400 watts  at 10 cents a kwatt  at a diff of 101 with the current price of 457 so the s-3 will give up the ghost next jump.

there was about 60ph in s-3's

So when the gets over  100 diff which it will by years end older gear will drop off.

How do you know they sold 133,333 Antminer S3's ? Seems like it would take a really really long time to produce that many S3.

I know they did quite a bit of them.  I tracked sales at the addresses they used for payments.  And remember they  sold at  pretty low prices for a while.

They were a big improvement over the s-1  and the s-1 sold 20ph worth of units.  

back to blocks made today

https://blockchain.info/blocks

388619 (Main Chain)   2015-12-15 23:09:55
388441 (Main Chain)   2015-12-15 00:04:02

above we did 179 blocks today  with 50 minutes left so at least +35 blocks for the day.

coins are at 464.

at everybody if coin price drops to 275 or 230  what would you do?

Do you know approx how many units of the Antminer S2 they sold ?

I did a break down on them but I can't remember how well they sold.

[adaseb]

Today is over and overall +20.9%

So most likely the diff jump will be somewhere around that area.

[ingiltere]

Today is over and overall +20.9%

So most likely the diff jump will be somewhere around that area.

It will be probably more than 20 percent but I picked 17.8 so I hope somebody shut down their miners.

[alh]

Personally I think it takes quite a while for gear to truly disappear from the network. With a BTC price in excess of $450, and locations where it's not hard to get electricity for less than $.05, lots of gear can still turn an operating profit. In addition, if a piece of gear gets sold, not destroyed, then it will be restarted. Nobody buys a miner with the intention of scrapping it. They are going to mine with it, even if it's at a tiny, or non-existent profit.

Sure a lot of big mining farms have gotten rid of their S3's and even S5's. If they sold them, then all they did was delay when and where they would hash. Only if they crushed them or recycle the hardware, did the hash actually disappear.

Look at all the interest by folks on setting up mining gear, with visions of a money-printing machine. Rising BTC price makes hash continue that might not otherwise.

[notlist3d]

Today is over and overall +20.9%

So most likely the diff jump will be somewhere around that area.

It will be probably more than 20 percent but I picked 17.8 so I hope somebody shut down their miners.

It's scary but some might after this 20 percent jump.  But chances are they wont with current price.

At 463 were doing pretty good.  Not long ago we were at 320 for the longest time.  It as very stable there.  Now it's lots of jumps.

[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 -----------(+19.91%)
Bitcoin Difficulty:   79,102,380,900
Estimated Next Difficulty:   94,854,460,313 (+19.91%)
Adjust time:   After 432 Blocks, About 2.4 days
Hashrate(?):   708,751,203 GH/s
Block Generation Time(?):   
1 block: 8.2 minutes
3 blocks: 24.4 minutes
6 blocks: 48.9 minutes
Updated:   






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
Dec 15   185


 

Once again a tremendous day  41 blocks over the norm!

we have 432 blocks to go which should take 3 days at 144 a day  more then likely 2 days and a few hours.

note

 Dec 12 = 167
 Dec 13 = 137
 Dec 14 = 197
 Dec 15 = 185

That swing is a good chance of a very big farm some say Bitfury has 50 megawatts  and these swings have been tweaking of the farm.

If it is 150 -225 ph  and it looks like it  they can't seem to keep it up and running so maybe  just maybe it fails.

 Other then this we will be over  95 diff  and  around New Years  close to 113.8 diff.


113.8 diff is 2x that of

  Sep 04 2015   56,957,648,455      407,718,729 GH/s  price 230


 Jan 1  2016    113,800,000,000        814,000,000 GH/s    price 460?

If the above is true   and the network is ½ old gear .5 watts or worse   and ½ new gear  .25 watts

you have done a push if you have .5 watt gear  and if you have .25 watt gear you are better off then the sept 4 numbers.

The point is  a diff of 114  at a price of 460 usd   does not  take into account that the new .25 watt gear is better.

if we stay at 460 usd  the diff could be 230 before the .25 watt gear is hurting.

[notlist3d]

Price at 449 currently.... it took a little dive .  Not fun to watch it go down.  hopefully stays up as this difficulty needs it.

I'm wondering what caused the downward trend any info out there on why?

[VirosaGITS]

Price at 449 currently.... it took a little dive .  Not fun to watch it go down.  hopefully stays up as this difficulty needs it.

I'm wondering what caused the downward trend any info out there on why?

I don't know, just normal stuff i guess?

If you look at;
https://bitcoinwisdom.com/markets/btce/btcusd

6, 4, 2, 1hour... its all the same. Goes up a bit, goes down a bit less, goes up a bit more, goes down a bit less, over and over. And this one right now is pretty small, so i'm not worried.

[ezeminer]

I was just thinking of something random but, right now the average miner makes 0.0063 per TH, after adjustment if at 94B it'll be 0.0053

Crazy nuts.

[adaseb]

I was just thinking of something random but, right now the average miner makes 0.0063 per TH, after adjustment if at 94B it'll be 0.0053

Crazy nuts.

Its still better then the average revenue that miners made throughout most of 2015, which was 0.01 BTC/THs but price was less than half.

[QuintLeo]

Other than the Chinese "we can now take fiat currency again" announcements that caused the initial spike, I'm still trying to figure out why prices have climbed.
There has been ZERO positive news for Bitcoin lately, and still getting those rumbles out of the EU about "planning tighter regulation for anti-terrorist reasons" crap.


 Only thing I can think of (other than crazy Chinese investor speculation, or a BIG pump-and-dump) is that the Chinese economy might be tanking more than their government censorship is letting anyone know about.

[d57heinz]

id say we might be in trouble  

http://www.businesswire.com/news/home/20151216005453/en/BitFury-Announces-Mass-Production-Fastest-Effective-16nm
"Leading Bitcoin Blockchain Transaction Processing Company Will Bring Chip To Market In First Quarter of 2016 Through Integration And Reseller Partners"

best regards
d57heinz