Diff thread june 7 to june 20 -picks are closed!!.... prize = 0.20 btc

[notlist3d]

Morning Bitwisdom:

Bitcoin Difficulty:    196,061,423,940
Estimated Next Difficulty:    199,935,750,265 (+1.98%)
Adjust time:    After 1654 Blocks, About 10.9 days
Hashrate(?):    1,447,205,112 GH/s

So if it is right I would still be happy with a small positive.  BTC prices have been pretty stable really over past few day's.  It may go up or down a little but it's remained at high 570's for most of the current period.

[1714033381]

1714033381

[RichBC]

Yesterday was +14.58% with  165 Blocks and the period to Date Run Rate is moving in the +4% to +8% band for the moment.

Coin had another loss Yesterday and seems to have entered a small downtrend, let's hope the uptrend can return.

Rich

[ezeminer]

So we only have two or three more adjustments till halving?

[philipma1957]

So we only have two or three more adjustments till halving?

July 9-13

 so  I guess 2 or 3

[alh]

So we only have two or three more adjustments till halving?

July 9-13

 so  I guess 2 or 3

For some reason I thought the halving would line up with the end of difficulty period. But with a cycle of 2016 for difficulty adjustment, that doesn't go into 420,000 without a fraction. So as I figure it, well finish the current adjustment period, and then get another full 2016 block period, and then the "halving" will happen a third of the way through that period.

Just an interesting fact (assuming I did the math right).

[RichBC]

Yes I too had expected Halving to be at a period end, but agree that is not what the maths tell us.

So Yesterday another flat Day with exactly 144 blocks. Period to Date we seem settled in the +4% to +5% band. Coin had a good day Yesterday and Today we are on the rise again. Hopefully we will have another crack at $600 in the next few Days.


Rich

[notlist3d]

Yes I too had expected Halving to be at a period end, but agree that is not what the maths tell us.

So Yesterday another flat Day with exactly 144 blocks. Period to Date we seem settled in the +4% to +5% band. Coin had a good day Yesterday and Today we are on the rise again. Hopefully we will have another crack at $600 in the next few Days.


Rich

It's been really good I thought it would be huge numbers going up to having.  But so far I am happy I was wrong.  Bitwisdom does show us at a positive but if we are between 4-5 at end that is not to bad at all:

Bitcoin Difficulty:    196,061,423,940
Estimated Next Difficulty:    204,875,025,503 (+4.50%)
Adjust time:    After 1493 Blocks, About 9.6 days
Hashrate(?):    1,485,420,827 GH/s

[philipma1957]

Yes I too had expected Halving to be at a period end, but agree that is not what the maths tell us.

So Yesterday another flat Day with exactly 144 blocks. Period to Date we seem settled in the +4% to +5% band. Coin had a good day Yesterday and Today we are on the rise again. Hopefully we will have another crack at $600 in the next few Days.


Rich

It's been really good I thought it would be huge numbers going up to having.  But so far I am happy I was wrong.  Bitwisdom does show us at a positive but if we are between 4-5 at end that is not to bad at all:

Bitcoin Difficulty:    196,061,423,940
Estimated Next Difficulty:    204,875,025,503 (+4.50%)
Adjust time:    After 1493 Blocks, About 9.6 days
Hashrate(?):    1,485,420,827 GH/s

https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Difficulty:   196,061,423,940
Estimated Next Difficulty:   204,884,210,916 (+4.50%)
Adjust time:   After 1426 Blocks, About 9.2 days
Hashrate(?):   1,494,811,959 GH/s
Block Generation Time(?):   
1 block: 9.2 minutes
3 blocks: 27.8 minutes
6 blocks: 55.5 minutes
Updated:   19:45 (3.0 minutes ago)


592  made so far

been too busy to do  a real world number


415888 (Main Chain)   2016-06-11 23:48:40

415296 (Main Chain)   2016-06-08 02:41:58


3 days    = 432
21 hours = 126
10 min   =      1

559 = 0%

592/559-1 =   +5.90339%

[notlist3d]

Coinbase is looking GREAT right now we blew through 600.  Which was surprising I was expecting some big sell walls.  But at 635 USD per BTC right now... its a good time to be holding.  And we have not even made it to having yet how high can it go could be fun to watch.

Considering that bitwisdom looks not to bad:

Bitcoin Difficulty:    196,061,423,940
Estimated Next Difficulty:    204,771,025,649 (+4.44%)
Adjust time:    After 1397 Blocks, About 9.0 days
Hashrate(?):    1,506,950,576 GH/s

[alh]

At a price of $630+, there is plenty of gear which is viable to run for the next 4 weeks. SP20's and S5's have to still have legs at this price, assuming they are paid for. Or perhaps it's the best time to SELL some older gear. In my experience, when BTC price is high, older gear fetches a better price (in fiat).

This will NOT be a negative difficulty adjustment this round. Those might be gone until after the halving.

[RichBC]

So Yesterday was +8.33% with 156 Blocks and the Hash rate is gradually pushing up with the Period to date now at +6.4%. However the big news, as alh has said,  is on the Price... Big rise Yesterday and continuing on up Today. This may be the push that sees us convincingly through $600.  Here's hoping...


Rich

[philipma1957]

So Yesterday was +8.33% with 156 Blocks and the Hash rate is gradually pushing up with the Period to date now at +6.4%. However the big news, as alh has said,  is on the Price... Big rise Yesterday and continuing on up Today. This may be the push that sees us convincingly through $600.   Here's hoping...


Rich

https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Difficulty:   196,061,423,940

Estimated Next Difficulty:   203,137,665,988 (+3.61%)

Adjust time:   After 1329 Blocks, About 8.7 days
Hashrate(?):   1,472,725,231 GH/s
Block Generation Time(?):   
1 block: 9.4 minutes
3 blocks: 28.2 minutes
6 blocks: 56.4 minutes
Updated:   11:55 (5.1 minutes ago)


           Coinbase is 648 usd!  


I sold 0.80 btc  at 642   just to know I was able to sell at a price this high.

The diff is hanging in there  pretty high  we look to do  over 200 easy this jump




almost always over 0%

[pogress]

Anyone knows how many S9 batch 1 were sold? These S9s should be received before this difficulty ends thus impacting this difficulty. But 1000 S9s is just about 1%, and I doubt much more were sold thus not big impact at all?

[philipma1957]

Anyone knows how many S9 batch 1 were sold? These S9s should be received before this difficulty ends thus impacting this difficulty. But 1000 S9s is just about 1%, and I doubt much more were sold thus not big impact at all?

I am lazy  but here is the btc addy.

Some fun with bitmaintech master btc addy


https://blockchain.info/address/1KwA4fS4uVuCNjCtMivE7m5ATbv93UZg8V


first orders

Code:

https://blockchain.info/tx/b8af612b665c50e22d7fac09b69d7a19a714673f0451ab0e2e84e3bd2fd401e4   9.906


https://blockchain.info/tx/800eba8a97d69b360723d36a534626db1e6bb3c7b82db7b39e780a5fb5e1cd54  4.007
https://blockchain.info/tx/6815fe3a880fff73725ac6fbeae17447931b79708c573f165a4a39d5ac6c5151      4.014
https://blockchain.info/tx/007ee4c061744ae9bf9f098fef3d155b23a5d9c70c420317698514a1cad64e68     7.901
https://blockchain.info/tx/00768ea6e10b00b36128cfc371a6c7015f6cc9a19046e4dea50fb55a92947748    3.996
https://blockchain.info/tx/df36110d761329593c6a3eea0a2d491c3e4d346fa8a7c37be3caa3cdab5ba986  18.373
https://blockchain.info/tx/f9b12a49c258461983a50116a0ebca41a0f268cded28c1f45ca6e64861055189   12.799
https://blockchain.info/tx/789d495b8638127dda5cc9223b40a87490a88edcf6cf92592c3793e97aa5fd95   19.808
https://blockchain.info/tx/c6789a6dcd0f8f272b4689c6177f4ee80dff1e58cae5deca0ce9e3b4ccd5a7fe       19.769
https://blockchain.info/tx/1234c695cc1a42f927ba7a2b3eae8f9ac08d487997a0d723390d0ea585f0b8e8     3.996
https://blockchain.info/tx/feb24794abb5272172615b7d1935b8cb446e473e8c38a40d46f9da9c186bfb95     4.012

above was about 160 coins 37 to 40 pieces depends on how many psus purchased

https://blockchain.info/tx/974ec95695346a04174dc60565ebe52ccb28837399c43269d89b51a96921cdf9 19.741
https://blockchain.info/tx/a0a791ae1daacbaeafa3e01968583052810b693faf33191471f614c04540d017     3.995
https://blockchain.info/tx/4f171d5d371cd517b4d8760989a45d3a93f6ef061655a071c09087ed6bf4e772  19.8
https://blockchain.info/tx/d13bded6bb0647d6aab21f44ec9b624da8b1f24be17d46dcf9c2cdf57c3cb4fb      8.63
https://blockchain.info/tx/b411964fbb16d1fd09aa81ddd4093be2b52947f154486e32713f94380cd7d766  7.985
https://blockchain.info/tx/d7cd8aba35b4c0abb6906a75aec6fab391dc399d0d6eedf29b039e3772b70a62  20.616
https://blockchain.info/tx/abf15c65065ce587cc0f96f5efc06b050622d7a687507a75f68af759a20f0479       4.018
https://blockchain.info/tx/7464ee7043c8c0ac3421603b5835d2a78d5122333d1b444bce0ef61c2c80086c   7.917
https://blockchain.info/tx/ed07efe73561e9848e5110ae291d66ca533c9cf2759b6328e60677baccc94bb2     4.5
https://blockchain.info/tx/e59945d6a1bcfdd5b9ae83908fe6f9ac526471eb2fa19c9f1a1899beea998020      7.225
https://blockchain.info/tx/39cad480fe50e8c13cffaab0e4f780a2f59c50493283cabe78bd6b595f8f3417       7.877

I will work on this later today   but section 2 is 112 coins  about 26 to 28 units   or 63 to 68 units

[pogress]

Anyone knows how many S9 batch 1 were sold? These S9s should be received before this difficulty ends thus impacting this difficulty. But 1000 S9s is just about 1%, and I doubt much more were sold thus not big impact at all?

I am lazy  but here is the btc addy.

https://blockchain.info/address/1KwA4fS4uVuCNjCtMivE7m5ATbv93UZg8V

Thank you for the addy, since 2016-05-30 to 2016-06-08 (not many 3+ BTC deposits since 2016-06-06) I counted about 392 possible S9 batch 1 ; I counted 1 S9 = about 4 BTC when 3+ BTC deposit (so 15 BTC deposit = 4x, 6.5 BTC = 2x and so on). I did not included one massive 4811 BTC deposit though, but I added 3 times about 80 BTC deposit even though the max should be 20 BTC with 5 units.

Since 2016-06-09 to now I counted additional 228 possible S9 (batch 2?)


So the 600 S9s does represents about half percent of additional network hashrate - nothing to worry about at all - it seems pretty insignificant number of S9 sold so far.

[edonkey]

Anyone knows how many S9 batch 1 were sold? These S9s should be received before this difficulty ends thus impacting this difficulty. But 1000 S9s is just about 1%, and I doubt much more were sold thus not big impact at all?

I am lazy  but here is the btc addy.

https://blockchain.info/address/1KwA4fS4uVuCNjCtMivE7m5ATbv93UZg8V

Thank you for the addy, since 2016-05-30 to 2016-06-08 (not many 3+ BTC deposits since 2016-06-06) I counted about 392 possible S9 batch 1 ; I counted 1 S9 = about 4 BTC when 3+ BTC deposit (so 15 BTC deposit = 4x, 6.5 BTC = 2x and so on). I did not included one massive 4811 BTC deposit though, but I added 3 times about 80 BTC deposit even though the max should be 20 BTC with 5 units.

Since 2016-06-09 to now I counted additional 228 possible S9 (batch 2?)


So the 600 S9s does represents about half percent of additional network hashrate - nothing to worry about at all - it seems pretty insignificant number of S9 sold so far.

Thanks for doing this math. If it's accurate, they really haven't sold many units.

There are probably a lot of folks on the sidelines waiting for the BTC cost of the S9s to go down. I'm one of them. I really want to buy, but can't justify spending more BTC on a miner than it will likely make in a year.

Bitmain must know that their pricing choices have limited sales. So it's either intentional and part of their master plan, or out of their control (maybe they can't produce enough chips).

My guess is that they're happy to mine with their own S9s up to the halving, while at the same time enjoying the premium that they're getting from early adopters of a limited release. If BW ever does release publicly, Bitmain can respond then with lower priced batches, killing the competition (again). Until then they can cruse into the halving with high S9 unit prices.

In the meantime, BTC prices have shot up resulting in a new high point in mining profitability. If this price holds (or goes up) my original estimate of around 140 PH/s going offline after the halving is probably too high. Older machines will remain profitable, so why turn them off. So people who are depending on a significant difficulty reduction after the halving for their ROI calculations are probably in for a surprise. But with higher BTC prices maybe they won't care.

As an aside, why does Bitmain reuse receive addresses? Seems lazy on their part and possibly dangerous because it leaks sales information.

[philipma1957]

Anyone knows how many S9 batch 1 were sold? These S9s should be received before this difficulty ends thus impacting this difficulty. But 1000 S9s is just about 1%, and I doubt much more were sold thus not big impact at all?

I am lazy  but here is the btc addy.

https://blockchain.info/address/1KwA4fS4uVuCNjCtMivE7m5ATbv93UZg8V

Thank you for the addy, since 2016-05-30 to 2016-06-08 (not many 3+ BTC deposits since 2016-06-06) I counted about 392 possible S9 batch 1 ; I counted 1 S9 = about 4 BTC when 3+ BTC deposit (so 15 BTC deposit = 4x, 6.5 BTC = 2x and so on). I did not included one massive 4811 BTC deposit though, but I added 3 times about 80 BTC deposit even though the max should be 20 BTC with 5 units.

Since 2016-06-09 to now I counted additional 228 possible S9 (batch 2?)


So the 600 S9s does represents about half percent of additional network hashrate - nothing to worry about at all - it seems pretty insignificant number of S9 sold so far.

Thanks for doing this math. If it's accurate, they really haven't sold many units.

There are probably a lot of folks on the sidelines waiting for the BTC cost of the S9s to go down. I'm one of them. I really want to buy, but can't justify spending more BTC on a miner than it will likely make in a year.

Bitmain must know that their pricing choices have limited sales. So it's either intentional and part of their master plan, or out of their control (maybe they can't produce enough chips).

My guess is that they're happy to mine with their own S9s up to the halving, while at the same time enjoying the premium that they're getting from early adopters of a limited release. If BW ever does release publicly, Bitmain can respond then with lower priced batches, killing the competition (again). Until then they can cruse into the halving with high S9 unit prices.

In the meantime, BTC prices have shot up resulting in a new high point in mining profitability. If this price holds (or goes up) my original estimate of around 140 PH/s going offline after the halving is probably too high. Older machines will remain profitable, so why turn them off. So people who are depending on a significant difficulty reduction after the halving for their ROI calculations are probably in for a surprise. But with higher BTC prices maybe they won't care.

As an aside, why does Bitmain reuse receive addresses? Seems lazy on their part and possibly dangerous because it leaks sales information.

Not sure and they now have more then 25 million usd in that address!


https://bitcoinwisdom.com/bitcoin/difficulty


Bitcoin Difficulty:   196,061,423,940
Estimated Next Difficulty:   201,802,916,705 (+2.93%)

Adjust time:   After 1272 Blocks, About 8.4 days>>>  we start in 156 blocks  so some time monday nite eastern standard time.


Hashrate(?):   1,446,261,937 GH/s


Block Generation Time(?):   
1 block: 9.5 minutes
3 blocks: 28.6 minutes
6 blocks: 57.1 minutes
Updated:   21:35 (4.7 minutes ago)

[notlist3d]

Bitwsidom still looks pretty good.  A few month's ago I would have never guessed low numbers leading into having... but it's nice:

Bitcoin Difficulty:    196,061,423,940
Estimated Next Difficulty:    201,541,650,244 (+2.80%)
Adjust time:    After 1246 Blocks, About 8.3 days
Hashrate(?):    1,446,710,566 GH/s

Coinbase is currently 692  that is right we are approaching 700.  Just again going into having if this continues... it is a good time for bitcoin.

[RichBC]

Yesterday was +1.39% with 146 Blocks and the Period to Date Run Rate seems to have settled at +5% for the moment. Three up Days on the Coin whereas only Yesterday I was wondering if the break trough $600 would hold we are now close to testing $700   All sorts of ROI maths and older Miner profitability calculations need to be redone....


Rich

[notlist3d]

Yesterday was +1.39% with 146 Blocks and the Period to Date Run Rate seems to have settled at +5% for the moment. Three up Days on the Coin whereas only Yesterday I was wondering if the break trough $600 would hold we are now close to testing $700   All sorts of ROI maths and older Miner profitability calculations need to be redone....


Rich

Exactly I am looking at all my excel sheets (I love excel) and having to update with number I just did not see coming so quick.   That 600 barrier I thought there would be some sales walls and drawn out.   But we have just been blowing through my predictions which is great.  I tend to be a realistic investor a month ago I did was not even playing with almost 700 USD in my sheets.

And the amazing thing is we have around a month till having.... so I sitting back loving watching this.   Going to be a interesting month for sure.