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Author Topic: Difficulty increasing in 2 hours  (Read 426 times)
surya
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March 24, 2013, 10:41:55 AM
 #1

It looks good for the BTC price.....less coins for the miners, less coins to sell.

Bitcoin Network
Current difficulty: 4847647
Estimated next difficulty: 6677526 (+37.7%) in 2.1 hours
Block count: 227790
Coins generated: 10944775

Bitcoin Market
MtGox: 68.00004 USD/BTC (9.8 minutes ago)
MtGox 24h average: 64.86 USD/BTC
XAU/BTC: 0.042293 ozt/BTC
Market cap: 744245137.79 USD
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surya
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March 24, 2013, 10:46:56 AM
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Check this out, looking better and better, my bet are 3 digits until end of April for BTC.

http://stats.grok.se/en/latest90/bitcoin
Gabi
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March 24, 2013, 11:00:43 AM
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less coins for the miners, less coins to sell
Bullshit  Roll Eyes
surya
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March 24, 2013, 11:06:13 AM
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less coins for the miners, less coins to sell
Bullshit  Roll Eyes

How so?

Ok, let me correct: less new coins will be mined in the same time span by the same computing power.
At least for the coming week. Sure, more new ASIC miners will join the race in the following weeks,
but the difficulty will increase more and more and the GPU miners will drop out.

The hash rate went up crazy the last days, an increase in difficulty is good for the bitcoin price:
http://bitcoin.sipa.be/
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