Diff thread Aug 2 to Aug 16. Picks are yet to start. prize =0.00

[petahashminer]

02.08.2016 18:50   423360
05.08.2016 10:03   423777

417   blocks next diff : 9.94%   diff: 221958440137

well this is going crazy.

[philipma1957]

02.08.2016 18:50   423360
05.08.2016 10:03   423777

417   blocks next diff : 9.94%   diff: 221958440137

well this is going crazy.

you would think older gear is going to shut down but so far it has not.

[vapourminer]

as has been mentioned, wonder if that older gear just goes to places with cheap electric.

is it possible some farms keep a "reserve" of hashing power not running so as not to influence the difficulty upward and compete against themselves so to speak. if they have a good profit margin they could do this to make the equipment last longer. phil you mentioned something along those lines a while back? if so this price drop is not a problem for them, they just fire up reserve hash to make the expenses for the month.

for remodeling.. heh as i learn from doing a new project i almost want to redo the thing i just did to make it even better..

[petahashminer]

02.08.2016 18:50   423360
05.08.2016 15:14   423822

462blocks next diff=    12.59%   diff: 227309375730

well philipma1957, it seems they are powering up old gears

i think a considerable amount of s9 units are becoming online.

[philipma1957]

02.08.2016 18:50   423360
05.08.2016 15:14   423822

462blocks next diff=    12.59%   diff: 227309375730

well philipma1957, it seems they are powering up old gears

i think a considerable amount of s9 units are becoming online.

oh well looks like doom and gloom is on the way.  the diff goes to the moon.

[petahashminer]

02.08.2016 18:50   423360
05.08.2016 15:14   423822

462blocks next diff=    12.59%   diff: 227309375730

well philipma1957, it seems they are powering up old gears

i think a considerable amount of s9 units are becoming online.

oh well looks like doom and gloom is on the way.  the diff goes to the moon.

if diff happens like 10% , most of the s7 units which has greater than 0.09$/kwh electricity cost , has to be gone offline, in a of couple weeks.

hashnest cloud market s7 has 82% maintenance fee, this will be greater than 90% with the next difficulty and results in close of the s7 market.

[d57heinz]

02.08.2016 18:50   423360
05.08.2016 15:14   423822

462blocks next diff=    12.59%   diff: 227309375730

well philipma1957, it seems they are powering up old gears

i think a considerable amount of s9 units are becoming online.

oh well looks like doom and gloom is on the way.  the diff goes to the moon.

if diff happens like 10% , most of the s7 units which has greater than 0.09$/kwh electricity cost , has to be gone offline, in a of couple weeks.

hashnest cloud market s7 has 82% maintenance fee, this will be greater than 90% with the next difficulty and results in close of the s7 market.

I feel now would be good time as any to push the hash when price is about to drop even further.  Chatter from whale rooms are saying 400 maybe as low as 320 but idk  anything goes around this place thats for certain.   All the uncertainties surrounding btc atm doesn't leave me with a feeling of stability let alone a moon shot of any sorts. 

Hope the hash settles down and this is a bit of variance..but the straight up line on wisdom doesnt point to that at all. More of a switch thrown to me.

Thanks Phil for keeping this alive.  It doesnt have to have a reward to keep this rolling. let it ride a while to recoup your losses.  Most of us are not here for the reward anyway..


Best Regards
d57heinz

[Mikestang]

The counter intuitive thing is that the more we talk about how bad it is, the rising diff and dropping price, the more hash that appears to be coming online.  Maybe it's not old gear, but rather new and not publicized gear.

[philipma1957]

The counter intuitive thing is that the more we talk about how bad it is, the rising diff and dropping price, the more hash that appears to be coming online.  Maybe it's not old gear, but rather new and not publicized gear.

bitfury, avalon etc  could be.

[petahashminer]

The counter intuitive thing is that the more we talk about how bad it is, the rising diff and dropping price, the more hash that appears to be coming online.  Maybe it's not old gear, but rather new and not publicized gear.

bitfury, avalon etc  could be.

yeah we will hear them soon , as always.

build a new equipment, name it like sXX , test it, use it, use it, use it, announce it , sell it to a big price, make a huge profit, then go to step one.

[alh]

The counter intuitive thing is that the more we talk about how bad it is, the rising diff and dropping price, the more hash that appears to be coming online.  Maybe it's not old gear, but rather new and not publicized gear.

So far, there isn't any obvious downward trend on BTC price, for the last 48 hours. If anything it's a tiny up tick.

[petahashminer]

02.08.2016 18:50   423360
06.08.2016 07:30   423931

571blocks next diff:   12.41%   226955995931

when will it stop?

[in2tactics]

02.08.2016 18:50   423360
06.08.2016 07:30   423931

571blocks next diff:   12.41%   226955995931

when will it stop?

Well, at least we had one drop. I do not foresee any significant downturn unless the price drops significantly and stays down for some time.

[philipma1957]

02.08.2016 18:50   423360
06.08.2016 07:30   423931

571blocks next diff:   12.41%   226955995931

when will it stop?

Well, at least we had one drop. I do not foresee any significant downturn unless the price drops significantly and stays down for some time.

Well one drop is better then no drops.

Still  the s-7 is now a losing miner at 12 cents.  and with the jump it becomes a losing miner at 11 cents.

there is about 800ph in s-7 and avalon6 gear.  so it has to drop off soon.  even with upward s-9 and other gear .

[Biodom]

Maybe too early for me to chime in on this, but it looks like 20-30% drop in hashing after halving never materialized even with some serious price downdraft.

All we got was a few low ups and one -5% with difficulty back to where it was in early July, and now with Avalon coming and S9 being obviously produced for internal use, it might never happen.

[philipma1957]

Maybe too early for me to chime in on this, but it looks like 20-30% drop in hashing after halving never materialized even with some serious price downdraft.

All we got was a few low ups and one -5% with difficulty back to where it was in early July, and now with Avalon coming and S9 being obviously produced for internal use, it might never happen.

there are a lot of s-7 and avalon 6 gear  800ph.  any way you cut it  even if it does not look like it is slowing the diff rate it is..

the network now seems to be close to 1650ph maybe 1700ph.

so if all older then s-7  turns back to 100 or 200 ph  vs 400 to 500 ph.

and some s-7/avalon 6 drops back to 600ph   vs 800 ph.

replacing  all the other hash means we are

100ph old 600 ph middle  950 ph new.

frankly  that cant be true.

[edonkey]

I was hoping for at least a month of 10% downturn, like the last halving. Looks like that isn't happening.

The current upswing is frightening.

I fear for my S9's ROI

[philipma1957]

I was hoping for at least a month of 10% downturn, like the last halving. Looks like that isn't happening.

The current upswing is frightening.

I fear for my S9's ROI

yeah  we could be getting the big squeeze...  push diff to 300  drop btc to 550

ugh

[adaseb]

So Bitmain no longer is selling any more S9 to cap the hashrate ?

[philipma1957]

So Bitmain no longer is selling any more S9 to cap the hashrate ?

Don't know but I suspect some very interesting stuff happens behind the scenes

a lot of hash came on line see below




Dec 17 2014   39,457,671,307   -1.37%   282,449,013 GH/s
Dec 02 2014   40,007,470,271   -0.73%   286,384,627 GH/s
Nov 18 2014   40,300,030,328   1.76%   288,478,854 GH/s

Nov 05 2014   39,603,666,252   10.05%   283,494,086 GH/s <<<<<   but  maybe this is where we are  on the patterns of jumps

Oct 23 2014   35,985,640,265   2.81%   257,595,247 GH/s