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Author Topic: Are you ready for an 80% difficulty increase in about a week?  (Read 3736 times)
mjsbuddha
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June 12, 2011, 03:45:59 AM
 #21

The next difficulty is estimated at about 40% jump and even with the current drop in price my miners are about 3 to 4 times more profitable then when I started in April. Stop trolling.

3 to 4 times more profitable.... right... I think YOU'RE trolling.  So that's like mining today @ $3-4 a bitcoin at current rates.  Who the hell would mine at the current difficulty level for $3-4?  If you pay for power, you'd be lucky to make more than a couple of dollars a day.... I call BS.

don't believe me look here. http://www.tvori.info/bitcoin/charts/ compare where the pretty green line was on april first to where it is now. I said 3 or 4 times more profitable, not 3 or 4 times the price.

Looks more like 2x more profitable, rather than your claimed 3-4x... Maybe 3-4x before the bubble popped @ ~$30.

price dropped a bit more since i posted but you get my point. it was a good idea to mine in april and its an even better idea now.
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Veldy
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June 12, 2011, 03:48:41 AM
 #22

844 blocks to go, 11 blocks an hour = 3.19 days till diff change
estimated as of this post = 821945 or a  45% increase

Uhm, 9 blocks per hour is a 50% increase. 11 blocks per hour is (11-6)/6•100 in percent; go ahead and solve it.  I don't think the current block rate dictates the difficulty increase, but rather the average block rate over the entire difficulty span.  I could be wrong however, but I know that the last difficulty increase did not reflect the block rate at the time the difficulty increased.

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jme621
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June 12, 2011, 03:55:54 AM
 #23

844 blocks to go, 11 blocks an hour = 3.19 days till diff change
estimated as of this post = 821945 or a  45% increase

Uhm, 9 blocks per hour is a 50% increase. 11 blocks per hour is (11-6)/6•100 in percent; go ahead and solve it.  I don't think the current block rate dictates the difficulty increase, but rather the average block rate over the entire difficulty span.  I could be wrong however, but I know that the last difficulty increase did not reflect the block rate at the time the difficulty increased.

it was two parts, a when the next reset is, b next estimated diff

copy and pasted from http://bitcoincharts.com/markets/ is all i did professor

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June 12, 2011, 04:03:02 AM
 #24

guy, don't be so passionate/enthusiastic, relax a bit -) goldrush is tasty/addictive, probably, but not allow to be  consumed by Beast.
stress kills )
i lose number of good friends this way :[
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June 12, 2011, 04:09:14 AM
 #25

844 blocks to go, 11 blocks an hour = 3.19 days till diff change
estimated as of this post = 821945 or a  45% increase

Uhm, 9 blocks per hour is a 50% increase. 11 blocks per hour is (11-6)/6•100 in percent; go ahead and solve it.  I don't think the current block rate dictates the difficulty increase, but rather the average block rate over the entire difficulty span.  I could be wrong however, but I know that the last difficulty increase did not reflect the block rate at the time the difficulty increased.

it was two parts, a when the next reset is, b next estimated diff

copy and pasted from http://bitcoincharts.com/markets/ is all i did professor

Bitcharts works with a short window (i.e. 402 seconds).  The estimated difficulty is changing all the time and the block rate has been increasing dramatically and has been above 8 since the last difficulty change and now it is about 11.  I still believe it will be above 50% and possibly above 60%.

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qed
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June 12, 2011, 05:48:55 AM
 #26

I'd say around 50% since it is at 45% now and few days are left.

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June 12, 2011, 05:57:52 AM
 #27

=[



smell
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June 12, 2011, 08:24:17 AM
 #28

3 to 4 times more profitable.... right... I think YOU'RE trolling.  So that's like mining today @ $3-4 a bitcoin at current rates.  Who the hell would mine at the current difficulty level for $3-4?  If you pay for power, you'd be lucky to make more than a couple of dollars a day.... I call BS.

I don't think he was lying... look at the P/D ratio back in April: http://forum.bitcoin.org/?topic=7427.0  it was below one while right now it's about 2.5. 

Also, I'd say 50-55% difficulty increase on or slightly before June 16.  No idea about P/D though, anyone care to guess?
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