WTH BTC Jumped 20.06%. Is this a fricking Trend?

[Matias]

Check this block generation time vs difficulty (second picture on page)

https://bitcoinwisdom.com/bitcoin/difficulty

Earlier Blue line Average block generation time of 2016 blocks did not cross the difficulty line during 2016 blocks time, during last 2016 blocks it crossed the blue line after ca 7 days. Now during this latest difficulty it has crossed the red line almost immediately  

What the heck. Are there some new 16nm miner on line?

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[GenTarkin]

I would just love to know where all this hashrate is coming from?!?!?!?
How is it possible to deploy multi PH farms in a matter of a week / days???
How is it possible to even build hardware this quickly?!?!

Seriously WTF?!

Its extremely disappointing!

Well, I just run a couple SP20's now for heating my place ... if you're a home miner at this point ur strictly doing it as a hobby or on stolen power rofl!
Buying any new hardware for a home miner is never gonna ROI unless price skyrockets which most likely wont happen anytime soon.... if ever...

Scrypt mining w/ an effecient ASIC is where its at now for the home miner. Theres still a really good profit margin when mining w/ either a Titan or gridseeds(forgot their new name) hardware.

Lastly, when the halving comes, many large farms are gonna see a massive rude awakening ... either price is gonna double(doubtful and it already has taken into account the last couple months price movement) or farms are gonna shut down(more likely) .... but most likely its gonna be a combination of both. Like LTC's recent halving.
Also, the reason I think the price has already adjusted(nearly) is because it doubled from the low 200's we were at for these last couple months ... which is EXACTLY what happened w/ LTC's halving, a month or 2 prior to the halving its price saw a really large bubble ( $1.50 -> $10 ) ... then the halving hit and the price eventually settled to $3(double what it was for a year or more) ... hashrate has barely budged.

Of course, I understand what happened w/ LTC doesnt predict what will happen for BTC halving, but its a very similar trend thus far.

[Searing]

I would just love to know where all this hashrate is coming from?!?!?!?
How is it possible to deploy multi PH farms in a matter of a week / days???
How is it possible to even build hardware this quickly?!?!

Seriously WTF?!

Its extremely disappointing!

Well, I just run a couple SP20's now for heating my place ... if you're a home miner at this point ur strictly doing it as a hobby or on stolen power rofl!
Buying any new hardware for a home miner is never gonna ROI unless price skyrockets which most likely wont happen anytime soon.... if ever...

Scrypt mining w/ an effecient ASIC is where its at now for the home miner. Theres still a really good profit margin when mining w/ either a Titan or gridseeds(forgot their new name) hardware.

Lastly, when the halving comes, many large farms are gonna see a massive rude awakening ... either price is gonna double(doubtful and it already has taken into account the last couple months price movement) or farms are gonna shut down(more likely) .... but most likely its gonna be a combination of both. Like LTC's recent halving.
Also, the reason I think the price has already adjusted(nearly) is because it doubled from the low 200's we were at for these last couple months ... which is EXACTLY what happened w/ LTC's halving, a month or 2 prior to the halving its price saw a really large bubble ( $1.50 -> $10 ) ... then the halving hit and the price eventually settled to $3(double what it was for a year or more) ... hashrate has barely budged.

Of course, I understand what happened w/ LTC doesnt predict what will happen for BTC halving, but its a very similar trend thus far.

as to your above on the titan miners its true.....BUT without some kinda price rise (BTC with LTC tagging along or something) when SUMMER or I should say 'heat' comes
I am beyond screwed....on PAPER it should work ...but it is one thing to have 2 titans at 2500 watts heating your house and a reduced winter electric rate from 13.7c kwh
to 0.0966c kwh so again ...the price better pop before such....or even us Titan owners are gonna be scratching our heads about how far to take home miners

but yeah we are killing it this winter ..but soon heat will be a problem and the increase in electric...so these prices for BTC and LTC can't hold for home miners for sure

but likely some data halls are gonna be facing the same issues at these prices (esp btc with difficulty rise) even if doing scyrpt or LTC due to same summer heat issues

just saying ...I see a cliff ahead of sorts...and no 'price bridge' in sight and still running at a full gallop ...all very exciting till the sudden stop!

Anyway just to put the above from a guy running 2 Titans as a perspective so to speak

[sobe-it]

I would just love to know where all this hashrate is coming from?!?!?!?
How is it possible to deploy multi PH farms in a matter of a week / days???
How is it possible to even build hardware this quickly?!?!

Seriously WTF?!

Its extremely disappointing!

Well, I just run a couple SP20's now for heating my place ... if you're a home miner at this point ur strictly doing it as a hobby or on stolen power rofl!
Buying any new hardware for a home miner is never gonna ROI unless price skyrockets which most likely wont happen anytime soon.... if ever...

Scrypt mining w/ an effecient ASIC is where its at now for the home miner. Theres still a really good profit margin when mining w/ either a Titan or gridseeds(forgot their new name) hardware.

Lastly, when the halving comes, many large farms are gonna see a massive rude awakening ... either price is gonna double(doubtful and it already has taken into account the last couple months price movement) or farms are gonna shut down(more likely) .... but most likely its gonna be a combination of both. Like LTC's recent halving.
Also, the reason I think the price has already adjusted(nearly) is because it doubled from the low 200's we were at for these last couple months ... which is EXACTLY what happened w/ LTC's halving, a month or 2 prior to the halving its price saw a really large bubble ( $1.50 -> $10 ) ... then the halving hit and the price eventually settled to $3(double what it was for a year or more) ... hashrate has barely budged.

Of course, I understand what happened w/ LTC doesnt predict what will happen for BTC halving, but its a very similar trend thus far.

as to your above on the titan miners its true.....BUT without some kinda price rise (BTC with LTC tagging along or something) when SUMMER or I should say 'heat' comes
I am beyond screwed....on PAPER it should work ...but it is one thing to have 2 titans at 2500 watts heating your house and a reduced winter electric rate from 13.7c kwh
to 0.0966c kwh so again ...the price better pop before such....or even us Titan owners are gonna be scratching our heads about how far to take home miners

but yeah we are killing it this winter ..but soon heat will be a problem and the increase in electric...so these prices for BTC and LTC can't hold for home miners for sure

but likely some data halls are gonna be facing the same issues at these prices (esp btc with difficulty rise) even if doing scyrpt or LTC due to same summer heat issues

just saying ...I see a cliff ahead of sorts...and no 'price bridge' in sight and still running at a full gallop ...all very exciting till the sudden stop!

Anyway just to put the above from a guy running 2 Titans as a perspective so to speak

A4 Dominator ASIC & Miner Specifications:

    A4 ASIC: 3Mhs per chip at 3.6W nominal, support DCDC less PCB
    Extreme Low Power: daisy chained ASIC running at 0.7V, only in 14nm
    Miner Performance: 600Mhs from 720W at the Wall or 850Mhs from 1020W
    PSU Requirements: common PCI-E 8Pins/6+2Pins with 12V output
    Included: Raspberry Pi running the most user friendly A2 terminator Software

https://bitcointalk.org/index.php?topic=1251930.0

[notlist3d]

I would just love to know where all this hashrate is coming from?!?!?!?
How is it possible to deploy multi PH farms in a matter of a week / days???
How is it possible to even build hardware this quickly?!?!

Seriously WTF?!

Its extremely disappointing!

Well, I just run a couple SP20's now for heating my place ... if you're a home miner at this point ur strictly doing it as a hobby or on stolen power rofl!
Buying any new hardware for a home miner is never gonna ROI unless price skyrockets which most likely wont happen anytime soon.... if ever...

Scrypt mining w/ an effecient ASIC is where its at now for the home miner. Theres still a really good profit margin when mining w/ either a Titan or gridseeds(forgot their new name) hardware.

Lastly, when the halving comes, many large farms are gonna see a massive rude awakening ... either price is gonna double(doubtful and it already has taken into account the last couple months price movement) or farms are gonna shut down(more likely) .... but most likely its gonna be a combination of both. Like LTC's recent halving.
Also, the reason I think the price has already adjusted(nearly) is because it doubled from the low 200's we were at for these last couple months ... which is EXACTLY what happened w/ LTC's halving, a month or 2 prior to the halving its price saw a really large bubble ( $1.50 -> $10 ) ... then the halving hit and the price eventually settled to $3(double what it was for a year or more) ... hashrate has barely budged.

Of course, I understand what happened w/ LTC doesnt predict what will happen for BTC halving, but its a very similar trend thus far.

as to your above on the titan miners its true.....BUT without some kinda price rise (BTC with LTC tagging along or something) when SUMMER or I should say 'heat' comes
I am beyond screwed....on PAPER it should work ...but it is one thing to have 2 titans at 2500 watts heating your house and a reduced winter electric rate from 13.7c kwh
to 0.0966c kwh so again ...the price better pop before such....or even us Titan owners are gonna be scratching our heads about how far to take home miners

but yeah we are killing it this winter ..but soon heat will be a problem and the increase in electric...so these prices for BTC and LTC can't hold for home miners for sure

but likely some data halls are gonna be facing the same issues at these prices (esp btc with difficulty rise) even if doing scyrpt or LTC due to same summer heat issues

just saying ...I see a cliff ahead of sorts...and no 'price bridge' in sight and still running at a full gallop ...all very exciting till the sudden stop!

Anyway just to put the above from a guy running 2 Titans as a perspective so to speak

A4 Dominator ASIC & Miner Specifications:

    A4 ASIC: 3Mhs per chip at 3.6W nominal, support DCDC less PCB
    Extreme Low Power: daisy chained ASIC running at 0.7V, only in 14nm
    Miner Performance: 600Mhs from 720W at the Wall or 850Mhs from 1020W
    PSU Requirements: common PCI-E 8Pins/6+2Pins with 12V output
    Included: Raspberry Pi running the most user friendly A2 terminator Software

https://bitcointalk.org/index.php?topic=1251930.0

The problem is they have these two chips with no new news.   They took a BIG task doing 2 chips at the same time instead of one.  I would have focused on A3 (btc chip) as it is biggest seller most likely and do A4 later.

We still have a lot we just don't know and Bitfury seems to have a huge jump on next gen.   Guess we will see what happens But I don't think Innsilicon is one of the companies adding hash right now, but I could be wrong.

[DrG]

Reminds me of the days when the first Avalons came out and people with massive card farms like myself were getting pushed aside by people with a few ASICs 

[Bamsed]

I see a move to 1300 then 1500 ph very fast.  I see us level off near 2000ph.

I am very negative on btc diff rise as I see it to be huge.

I hope for a price rise.

my power cost for feb mar and april will be 900 usd total minus 300 heat value so that is 600 usd out of pocket.

I positioned myself to have that power money in hand.

I am hoping for a good price jump here. In the next 90 days.

The price will jump a lot in 90 days. I think we should know the results of the block size increase before then.

[Searing]

I would just love to know where all this hashrate is coming from?!?!?!?
How is it possible to deploy multi PH farms in a matter of a week / days???
How is it possible to even build hardware this quickly?!?!

Seriously WTF?!

Its extremely disappointing!

Well, I just run a couple SP20's now for heating my place ... if you're a home miner at this point ur strictly doing it as a hobby or on stolen power rofl!
Buying any new hardware for a home miner is never gonna ROI unless price skyrockets which most likely wont happen anytime soon.... if ever...

Scrypt mining w/ an effecient ASIC is where its at now for the home miner. Theres still a really good profit margin when mining w/ either a Titan or gridseeds(forgot their new name) hardware.

Lastly, when the halving comes, many large farms are gonna see a massive rude awakening ... either price is gonna double(doubtful and it already has taken into account the last couple months price movement) or farms are gonna shut down(more likely) .... but most likely its gonna be a combination of both. Like LTC's recent halving.
Also, the reason I think the price has already adjusted(nearly) is because it doubled from the low 200's we were at for these last couple months ... which is EXACTLY what happened w/ LTC's halving, a month or 2 prior to the halving its price saw a really large bubble ( $1.50 -> $10 ) ... then the halving hit and the price eventually settled to $3(double what it was for a year or more) ... hashrate has barely budged.

Of course, I understand what happened w/ LTC doesnt predict what will happen for BTC halving, but its a very similar trend thus far.

as to your above on the titan miners its true.....BUT without some kinda price rise (BTC with LTC tagging along or something) when SUMMER or I should say 'heat' comes
I am beyond screwed....on PAPER it should work ...but it is one thing to have 2 titans at 2500 watts heating your house and a reduced winter electric rate from 13.7c kwh
to 0.0966c kwh so again ...the price better pop before such....or even us Titan owners are gonna be scratching our heads about how far to take home miners

but yeah we are killing it this winter ..but soon heat will be a problem and the increase in electric...so these prices for BTC and LTC can't hold for home miners for sure

but likely some data halls are gonna be facing the same issues at these prices (esp btc with difficulty rise) even if doing scyrpt or LTC due to same summer heat issues

just saying ...I see a cliff ahead of sorts...and no 'price bridge' in sight and still running at a full gallop ...all very exciting till the sudden stop!

Anyway just to put the above from a guy running 2 Titans as a perspective so to speak

A4 Dominator ASIC & Miner Specifications:

    A4 ASIC: 3Mhs per chip at 3.6W nominal, support DCDC less PCB
    Extreme Low Power: daisy chained ASIC running at 0.7V, only in 14nm
    Miner Performance: 600Mhs from 720W at the Wall or 850Mhs from 1020W
    PSU Requirements: common PCI-E 8Pins/6+2Pins with 12V output
    Included: Raspberry Pi running the most user friendly A2 terminator Software

https://bitcointalk.org/index.php?topic=1251930.0

well on the above (price does not matter to me because my titans are paid for) I will have 740mh (got me a cheap 100mh of titan cubes last week ..cheap in the sense i mined
the 160 LTC paid for 95c an LTC ie electric per month vs LTC coin output...got to love ROI)

anyway 740mh I can run with that pack .DEPENDING on how high and how much the difficulty for say LTC and/or scrypt goes up BUT my elec costs will be at 2x at least
the above..again my elec costs in comparison to the new equip above....but then again my equip has ROI'd so all and all ...if scrypt is not completely swamped by difficulty rise...I can run with that pack.. in that I don't have to 'buy' the above beastie (just slip in the herd and electrically 'sweat' more perhaps)

What is the assumption on price above at what I'm running next week ...about 740mh or does no one know that yet?