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

[Mikestang]

Well it is certainly trending that direction.  666 blocks to go as of this typing, I think we could even come close to even adjustment this period, but there could be some negative carry over to the next period.  The hash will come back again, it always does/has.

[notlist3d]

We are under 5% 


https://bitcoinwisdom.com/bitcoin/difficulty



Bitcoin Difficulty:   201,893,210,853

Estimated Next Difficulty:   211,595,784,384 (+4.81%)
Adjust time:   After 683 Blocks, About 4.6 days

Hashrate(?):   1,400,753,430 GH/s
Block Generation Time(?):   
1 block: 9.6 minutes
3 blocks: 28.9 minutes
6 blocks: 57.7 minutes
Updated:   9:50 (4.7 minutes ago)


Be funny if it drops to 2% or less

Sadly looks like it went back up:

Bitcoin Difficulty:    201,893,210,853
Estimated Next Difficulty:    212,485,992,334 (+5.25%)
Adjust time:    After 666 Blocks, About 4.4 days
Hashrate(?):    1,416,154,256 GH/s

Even if we see a drop I will want a little bit of time to confirm it.  With Bitmain offering the new S7 + PSU for 50 MOQ order's they could be unhooking and selling them to outside companies.  So temporary drop off from sales of S7 in bulk, but the bad thing is they will be plugged in + chances are Bitmain upgrades internal meaning even more hash on network.

So I think temporary drops from shipping of gear but I could be all wet on my guess.

[HerbPean]

We are under 5% 


https://bitcoinwisdom.com/bitcoin/difficulty



Bitcoin Difficulty:   201,893,210,853

Estimated Next Difficulty:   211,595,784,384 (+4.81%)
Adjust time:   After 683 Blocks, About 4.6 days

Hashrate(?):   1,400,753,430 GH/s
Block Generation Time(?):   
1 block: 9.6 minutes
3 blocks: 28.9 minutes
6 blocks: 57.7 minutes
Updated:   9:50 (4.7 minutes ago)


Be funny if it drops to 2% or less

Sadly looks like it went back up:

Bitcoin Difficulty:    201,893,210,853
Estimated Next Difficulty:    212,485,992,334 (+5.25%)
Adjust time:    After 666 Blocks, About 4.4 days
Hashrate(?):    1,416,154,256 GH/s

Even if we see a drop I will want a little bit of time to confirm it.  With Bitmain offering the new S7 + PSU for 50 MOQ order's they could be unhooking and selling them to outside companies.  So temporary drop off from sales of S7 in bulk, but the bad thing is they will be plugged in + chances are Bitmain upgrades internal meaning even more hash on network.

So I think temporary drops from shipping of gear but I could be all wet on my guess.

The 320$ price doesn't include the PSU. They corrected it later on.

[philipma1957]

We are under 5% 


https://bitcoinwisdom.com/bitcoin/difficulty



Bitcoin Difficulty:   201,893,210,853

Estimated Next Difficulty:   211,595,784,384 (+4.81%)
Adjust time:   After 683 Blocks, About 4.6 days

Hashrate(?):   1,400,753,430 GH/s
Block Generation Time(?):   
1 block: 9.6 minutes
3 blocks: 28.9 minutes
6 blocks: 57.7 minutes
Updated:   9:50 (4.7 minutes ago)


Be funny if it drops to 2% or less

Sadly looks like it went back up:

Bitcoin Difficulty:    201,893,210,853
Estimated Next Difficulty:    212,485,992,334 (+5.25%)
Adjust time:    After 666 Blocks, About 4.4 days
Hashrate(?):    1,416,154,256 GH/s

Even if we see a drop I will want a little bit of time to confirm it.  With Bitmain offering the new S7 + PSU for 50 MOQ order's they could be unhooking and selling them to outside companies.  So temporary drop off from sales of S7 in bulk, but the bad thing is they will be plugged in + chances are Bitmain upgrades internal meaning even more hash on network.

So I think temporary drops from shipping of gear but I could be all wet on my guess.

The 320$ price doesn't include the PSU. They corrected it later on.

and 320 + 120 + 40 = 480  maybe 500

at 2 cent power that is more then 200 days for an s-7 to roi

[edonkey]

Looks like the difficulty is trending towards 3% with 3.5 days to go.

That would be a reasonable increase. Let's hope it holds here or keeps trending down.

[philipma1957]

Looks like the difficulty is trending towards 3% with 3.5 days to go.

That would be a reasonable increase. Let's hope it holds here or keeps trending down.

yeah 3% would be decent

As for some good news  It looks like I will recover ⅔ of my money  from bitfinex.

Maybe I lose  250 vs 700 usd.

I think I will start prizes back  in Sept.  at 25 usd each jump.

[VRobb]

Hey philip, glad to hear you didn't get totally jacked!  Once you get your hands on your funds you'll be moving them out of Bit-f-up, right?  I can't believe anyone would even consider doing business with them anymore after yet another fiasco.  Fool me once, shame on you, fool me twice... You know the rest.

[HerbPean]

Looks like the difficulty is trending towards 3% with 3.5 days to go.

That would be a reasonable increase. Let's hope it holds here or keeps trending down.

yeah 3% would be decent

As for some good news  It looks like I will recover ⅔ of my money  from bitfinex.

Maybe I lose  250 vs 700 usd.

I think I will start prizes back  in Sept.  at 25 usd each jump.

Great news !

We are back with a missive spike down. Bitmain's manipulation ?

It's soooo strange ...

[philipma1957]

Hey philip, glad to hear you didn't get totally jacked!  Once you get your hands on your funds you'll be moving them out of Bit-f-up, right?  I can't believe anyone would even consider doing business with them anymore after yet another fiasco.  Fool me once, shame on you, fool me twice... You know the rest.

I moved all the etc and all the eth.  about 30 of each


I have 239  in bfx   which would be the replacement coin

I sold 39 of them.

I left 200 in BFX

that is worth about 57 usd at the moment.

My loss would be about 250 usd if I cash  those remaining BFX coins out..    If I leave them be  they could rally a bit.

So my choices are fully cash out certain loss of 200usd right now

Partial   cash out leave the 200 BFX  worth  57 usd and hope for it to rally.    this would mean  my max loss would be 257 usd if it zeros out.

I pulled out    about  440 usd in coins.

So I saved 440usd already.  I am incline to leave the 200 BFX intact for  a while  .   Hope for it to go upwards from 57 usd to 250 usd  then pull it out.

[VRobb]

Hope it works out as planned for you phil!

[philipma1957]

Hope it works out as planned for you phil!

Today I sold 50 of the remaining 200 BFX tokens  I recovered 17 more dollars.

I think I am down about 190 usd  of 700 usd.

Someone donated 0.05btc towards new prizes  so thats about 29 usd. some one else said they will donate more to me.

Would make me down 161 usd.

I skipped a 50 dollar prize  so I am down 111 usd.   

So  next jump I am starting the prizes back at 25 usd. Hoping to restore back to 50 usd  in Oct.


Back to todays numbers

https://bitcoinwisdom.com/bitcoin/difficulty



Bitcoin Difficulty:   201,893,210,853
Estimated Next Difficulty:   214,114,504,494 (+6.05%)
Adjust time:   After 336 Blocks, About 2.3 days
Hashrate(?):   1,514,014,446 GH/s
Block Generation Time(?):   
1 block: 9.7 minutes
3 blocks: 29.1 minutes
6 blocks: 58.3 minutes
Updated:   12:50 (1.7 minutes ago)

and the spike is returning



but  look at the last  jumps


Difficulty History

Date.................Difficulty.................Change.........Hash Rate

Aug 15............213 ?


Aug 02 2016   201,893,210,853   -5.43%   1,445,207,896 GH/s
Jul 18 2016   213,492,501,108   0.04%   1,528,238,850 GH/s
Jul 04 2016   213,398,925,331   1.88%   1,527,569,009 GH/s
Jun 21 2016   209,453,158,595   6.83%   1,499,324,110 GH/s
Jun 08 2016   196,061,423,940   -1.63%   1,403,462,340 GH/s
May 24 2016   199,312,067,531   2.60%   1,426,731,353 GH/s

May 11 2016   194,254,820,283   8.73%   1,390,530,167 GH/s


soon to be 213 again

pretty flat

If you go from May 12 at 194.25   to Aug 29  at 213  this would be   109 days  and a move from 194.25 to 213.00

thats 8 jumps at a pace of 1.2%

 1.012 x 1.012 =
 1.024144 x 1.012 =
 1.036433728 x  1.012 =
 1.048870932736 x 1.012 =
 1.06145738392883 x 1.012 =
 1.07419872535980 x 1.012 =
 1.08708521100641 x 1.012 =
 1.10013023353849 x 1.012  x 194.25 =   213.7 diff   on aug 15 or 15 lasting to aug 29-30

so   we are averaging only 1.2% the longer this lasts the better it is for the early s-9 buyers ie me and buysolar in the solar array.

rumor has it avalon will have new gear in Sept..   if we get low jumps after the current one  say in the 1 to 2% number  on aug 30 sept 15 and sept 30  my early s-9's will have been  a decent buy.


It will be good to start the contest back with prizes next jump.  I want to thank the donors for their donations.

[notlist3d]

Hope it works out as planned for you phil!

Today I sold 50 of the remaining 200 BFX tokens  I recovered 17 more dollars.

I think I am down about 190 usd  of 700 usd.

Someone donated 0.05btc towards new prizes  so thats about 29 usd. some one else said they will donate more to me.

Would make me down 161 usd.

...

Glad to hear about loss being less for you and other's.  I think this is a good thing for BTC price aswell hopefully with less of a loss we will see a smaller sell off of people who are scared.   I will admit i was very scared when BFX news came out one being hacked and price was dropping we really have had some scary times over little time.

Current price on coinbase is at 586 which I am not to disappointed with considering all that has went on.   I really hope this continues and we see it go up above 600 again that is a nice base to have.   Also on a side note on ETH it has not been to bad on value considering the whole ETC coming out of it, so again more stability for miners.  So I am hoping we see more good news next difficulty period for miner's. Biggest thing just hoping we can go a while till another big bad news as news really seems to be able to rock BTC in huge way's.

[petahashminer]

02.08.2016 18:50   423360
14.08.2016 07:34   425132


1772   Blocks Next Diff Rise: 6.72%    Next Diff: 215461231381

[philipma1957]

02.08.2016 18:50   423360
14.08.2016 07:34   425132


1772   Blocks Next Diff Rise: 6.72%    Next Diff: 215461231381

yeah  looks like the heat is on.

we are spiking upwards and we will close out the jump at an all time high diff of 214-216
we have 217 blocks left  so sometime this monday

[TheYankeesWin!]

Phil we have 136 blocks left.  So we must be going up as it is about 12 hours since you posted.   81 blocks in 12 hours would be 162 in one day. 

[philipma1957]

well we are winding up a really bad jump.


https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Difficulty:   201,893,210,853
Estimated Next Difficulty:   217,657,112,466 (+7.81%)
Adjust time:   After 30 Blocks, About 4.7 hours
Hashrate(?):   1,652,865,526 GH/s
Block Generation Time(?):   
1 block: 9.4 minutes
3 blocks: 28.3 minutes
6 blocks: 56.6 minutes
Updated:   10:20 (2.3 minutes ago)

certain to be 7% maybe 8%

and coins were at 606 at the start 

so 568/606 = price .937 x diff 0.92 = 0.8623    translation  if you were earning 100 a day at the start of this jump you are now earning 86.23  a day.

right now an s-7 needs 6 cent power to earn 1.29 usd a day   in six hours or so that s-7 will earn 1.05 usd a day.

there is a lot of s7 gear  and of course avalon 6 gear all getting squeezed.

[petahashminer]

02.08.2016 18:50   423360
15.08.2016 16:10   425361

2001   Blocks 7.81%   217669149604

and 15 blocks to go. it will be between 7 - 8 % .

[philipma1957]

02.08.2016 18:50   423360
15.08.2016 16:10   425361

2001   Blocks 7.81%   217669149604

and 15 blocks to go. it will be between 7 - 8 % .

 well one thing for sure there are a lot of s-7's on the fence  of in the black to in the red. along with avalon 6's

and the network is mostly s-7's and avalon 6's   maybe 900ph between them

with coins at 565 usd  and diff soon to be 217-218 a cheap power guy has a harder choice does he just mine his older gear or does he grab s-9's  maybe he waits for avalon 7's

a lot of the problem for a cheap power guy is the s-7 is .25 watts and the s-9 is .1 watts
I can see that the s-7 is now pretty weak if your power is 6 cents.

a 10  cent per K-watt miner is in the red right now
a  9 cent per k-watt miner will be in the red in about 2 hours with the jump

an 8 cent per k-watt miner will be in the red when we reach 253 diff

a drop in price to under 525 will put more pressure on s-7  miners.  a lot of gear will soon be out of date.

[HerbPean]

02.08.2016 18:50   423360
15.08.2016 16:10   425361

2001   Blocks 7.81%   217669149604

and 15 blocks to go. it will be between 7 - 8 % .

 well one thing for sure there are a lot of s-7's on the fence  of in the black to in the red. along with avalon 6's

and the network is mostly s-7's and avalon 6's   maybe 900ph between them

with coins at 565 usd  and diff soon to be 217-218 a cheap power guy has a harder choice does he just mine his older gear or does he grab s-9's  maybe he waits for avalon 7's

a lot of the problem for a cheap power guy is the s-7 is .25 watts and the s-9 is .1 watts
I can see that the s-7 is now pretty weak if your power is 6 cents.

a 10  cent per K-watt miner is in the red right now
a  9 cent per k-watt miner will be in the red in about 2 hours with the jump

an 8 cent per k-watt miner will be in the red when we reach 253 diff

a drop in price to under 525 will put more pressure on s-7  miners.  a lot of gear will soon be out of date.

Well I pay 6 cents and it is cheap for many miners around here.

Maybe we are about to see some drop in the hashrate but it doesn't look to be the case. I'm going to mine with my A6 and S7 as much as i can for sure.

I just hope the A7 bring the S9's price down ... for now i'm sitting on what I have.

[philipma1957]

And boom it is done.  we did a +7.67% jump to an all time high of 217.3 diff.  Plus we dropped about 40 usd from 600 to 560.
The only good news is between a few donations and partial recovery of my 700 in coins with Bitfinex I can afford to start the next game with prize money  I will do $25.00 usd a jump until first game after  Oct. 1

   I will raise prizes slowly after that.



 Difficulty History

Date...........   Difficulty...........   ..Change.....   Hash Rate

Aug 15 2016   217,375,482,757   7.67%   1,556,034,316 GH/s



Aug 02 2016   201,893,210,853   -5.43%   1,445,207,896 GH/s
Jul 18 2016   213,492,501,108   0.04%   1,528,238,850 GH/s
Jul 04 2016   213,398,925,331   1.88%   1,527,569,009 GH/s
Jun 21 2016   209,453,158,595   6.83%   1,499,324,110 GH/s
Jun 08 2016   196,061,423,940   -1.63%   1,403,462,340 GH/s
May 24 2016   199,312,067,531   2.60%   1,426,731,353 GH/s
May 11 2016   194,254,820,283   8.73%   1,390,530,167 GH/s
Apr 28 2016   178,659,257,773   -0.01%   1,278,892,782 GH/s
Apr 14 2016   178,678,307,672   7.09%   1,279,029,147 GH/s
Apr 01 2016   166,851,513,283   0.82%   1,194,369,655 GH/s
Mar 18 2016   165,496,835,118   4.46%   1,184,672,491 GH/s
Mar 04 2016   158,427,203,767   -3.10%   1,134,066,098 GH/s
Feb 19 2016   163,491,654,909   13.44%   1,170,318,852 GH/s
Feb 07 2016   144,116,447,847   20.06%   1,031,625,717 GH/s
Jan 26 2016   120,033,340,651   5.89%   859,232,121 GH/s
Jan 13 2016   113,354,299,801   9.12%   811,421,684 GH/s
Dec 31 2015   103,880,340,815   11.16%   743,604,444 GH/s
Dec 18 2015   93,448,670,796   18.14%   668,931,642 GH/s
Dec 06 2015   79,102,380,900   8.77%   566,236,898 GH/s
Nov 24 2015   72,722,780,643   10.44%   520,569,941 GH/s
Nov 11 2015   65,848,255,180   5.77%   471,360,171 GH/s
Oct 29 2015   62,253,982,450   2.25%   445,631,364 GH/s
Oct 15 2015   60,883,825,480   0.12%   435,823,399 GH/s
Oct 01 2015   60,813,224,039   2.49%   435,318,014 GH/s
Sep 17 2015   59,335,351,234   4.17%   424,738,988 GH/s
Sep 04 2015   56,957,648,455   4.98%   407,718,729 GH/s
Aug 22 2015   54,256,630,328   2.95%   388,384,088 GH/s
Aug 08 2015   52,699,842,409   0.81%   377,240,166 GH/s
Jul 25 2015   52,278,304,846   2.35%   374,222,683 GH/s
Jul 11 2015   51,076,366,303   3.39%   365,618,871 GH/s
Jun 28 2015   49,402,014,931   -0.58%   353,633,397 GH/s
Jun 14 2015   49,692,386,355   4.42%   355,711,957 GH/s
May 31 2015   47,589,591,154   -2.50%   340,659,563 GH/s
May 17 2015   48,807,487,245   2.44%   349,377,603 GH/s
May 03 2015   47,643,398,018   0.07%   341,044,727 GH/s
Apr 19 2015   47,610,564,513   -3.71%   340,809,696 GH/s
Apr 05 2015   49,446,390,688   5.84%   353,951,052 GH/s
Mar 22 2015   46,717,549,645   -1.50%   334,417,246 GH/s
Mar 08 2015   47,427,554,951   1.59%   339,499,662 GH/s
Feb 22 2015   46,684,376,317   5.01%   334,179,783 GH/s
Feb 09 2015   44,455,415,962   7.71%   318,224,263 GH/s
Jan 27 2015   41,272,873,895   -6.14%   295,442,739 GH/s
Jan 12 2015   43,971,662,056   8.20%   314,761,417 GH/s
Dec 30 2014   40,640,955,017   3.00%   290,919,288 GH/s
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
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