smoothie (OP)
Legendary
 Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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March 18, 2013, 05:11:40 PM |
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This 10% difficulty hike is only the start. Usually it is a snowball effect...
I predict at the end of April we will be at 7.5 million difficulty...easy.
Cutting into mining profits....nom nom nom nom.
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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dropt
Legendary
Offline
Activity: 1512
Merit: 1000
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March 18, 2013, 05:22:47 PM |
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I'm going to have a funeral for my GPU Farm.
Edit: I'm not a BFL investor though.
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vvic
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March 18, 2013, 05:31:47 PM |
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I predict at the end of April we will be at 7.5 million difficulty...easy.
You know what? you might be right (or slightly off towards 7.8-8 million) What do you think the price will be for bitcoin? |
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Bogart
Legendary
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Activity: 966
Merit: 1000
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March 18, 2013, 05:34:16 PM |
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Current Difficulty: 4847647.152065606
Next Difficulty In About: 6d15h44m15s
Next Difficulty Estimate: 6143596.27281
Estimated Percent Change: 26.73357
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"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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johnyj
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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March 18, 2013, 06:46:08 PM |
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Current Difficulty: 4847647.152065606
Next Difficulty In About: 6d15h44m15s
Next Difficulty Estimate: 6143596.27281
Estimated Percent Change: 26.73357
27% is more realistic, and after another month the network will reach 100TH, and BFL will push it further to 500TH if they deliver |
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joshv06
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March 18, 2013, 07:15:59 PM |
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Even with a predicted difficulty of 6143596, my quad 7970's will get ~$10 a day rather than now's $12.70. I guess it's not too bad. Any other GPU miners actually not too upset about but BFL delay? I have 2 pre-orders for ASIC SC Singles, the delay has aloud me to make on average $300 a month for the past ~6 months ($1800), and has heated my room during the cold months, while getting more of my ROI on my quad 7970 rig.
I would completely understand someone who is new to mining and made pre-orders, I would be pissed too. Especially those who sold their GPU rigs around the time that the ASICs were supposed to be released.
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The-Real-Link
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March 18, 2013, 10:53:45 PM |
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Don't mind it. GPUs working in the meantime until ASICs get sorted out.
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Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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cchan
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March 19, 2013, 12:50:56 AM |
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Avalon really tells us: Time is money...
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FreedomCoin
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March 19, 2013, 03:11:32 AM |
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Avalon really tells us: Time is money...
agreed |
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tvbcof
Legendary
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Activity: 4592
Merit: 1276
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March 19, 2013, 03:40:17 AM |
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If BTC prices continue to rise, the BFL guys and their sloppy seconds may be OK after all. Assuming BFL delivers anything that hashes at all that is. This remains a big 'if' to this day in my book.
Of course if the BTC price continues to rise the pain of handing them over to BFL as pre-order funds, or not simply buying them for fiat (back soooo many months ago) becomes that much more painful as well. But that's a sunk cost and water under the bridge now.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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