The Thash rate looks to be creeping up

[notig]

I could be wrong since I don't follow the network that closely but it looks like it's gaining some momentum. Asics here we come?
I ordered one from BFL 

[solex]

Was looking at this on bitcoincharts (http://bitcoincharts.com/charts)

Blocks   220633
Total BTC   10.766M
 
Difficulty   3275465
Estimated   3458370 in 1127 blks
 
Network total   29.435 Thash/s
Blocks/hour   7.53 / 478 s

Is it a record projected difficulty?

[The Fool]

Difficulty   3275465
Estimated   3458370 in 1127 blks

God help us all.

[vdragon]

I think there was something like that before new year. I was watching who mined the blocks last two weeks and there are 2 possibilities. Either some asic maker is screwing over their customers and decides to solo mine some to make extra money since a few days back someone solo mined 55 blocks in 13 hours, or there is someone running a huge botnet that is more likely to happen. Also you have to take in consideration that many old miners turned on their rigs because of high price. Some even bought new cards since the 7950 is cheap

[Stephen Gornick]

Estimated   3458370 in 1127 blks
 
Is it a record projected difficulty?

That would just squeak past the record prior high, yes: 3,438,909
 - http://blockexplorer.com/b/209664

History of difficulties:
 - https://docs.google.com/a/digicoast.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc#gid=0

[Puppet]

No sign of asics that I can see, more noise than signal:
http://bitcoin.sipa.be/speed-lin-10k.png

[Graet]

don't forget the effect of Bitcoins price doubling over the last few weeks
GPUs are being turned back on due to better profitability

Just had a guy drop into IRC that hasn't mined for months - he fired up his GPUs when he saw the current price

there are 2 known ASIC in the wild, one runs @ 60GH the other at 80GH

[Lethn]

Finally! No more stupid mining, Bitcoin will be used as an actual currency now

[solex]

History of difficulties:
 - https://docs.google.com/a/digicoast.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc#gid=0

Stephen, that's a very interesting spreadsheet.

It can be extended further by adding a new column which is:  log10 (difficulty / mtgox price)
Plot this on a line graph and it can be seen that there is a steady increase in profitability of mining over time. Despite the increasing difficulty the BTC price more than makes up for it. This is very good for the future of bitcoin.

Graet's anecdotal evidence is supportive.

[solex]

Back over 30 now...
https://blockchain.info/stats

[Parazyd]

The price is up too... People are firing up their GPUs.

[DobZombie]

The Thash rate looks to be creeping up

Yes, it is! 




oh wait, you said t.hash, not THRASH...

my mistake

[Stephen Gornick]

It can be extended further by adding a new column which is:  log10 (difficulty / mtgox price)
Plot this on a line graph and it can be seen that there is a steady increase in profitability of mining over time. Despite the increasing difficulty the BTC price more than makes up for it. This is very good for the future of bitcoin.

This probably would be better inverted, as a lower ratio is more profitable.
 - https://docs.google.com/a/digicoast.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc#gid=4