sickpig
Legendary
 Offline
Activity: 1260
Merit: 1008
|
 |
June 12, 2013, 03:31:19 PM |
|
i compiled a short list of what would happen if:
miners would be delivered end of Setember and the difficulty will continue to rise 25% every 11 days (re-target time)
good work thanks :-) Obviously I hope that the difficulty will not maintain the current growth rate, wishful thinking probably. In any case, if we have our rigs in time we will draw a good profit notwithstanding the growth steepness |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
|
|
|
|
|
|
|
|
|
|
You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
cheech300
Sr. Member
Offline
Activity: 330
Merit: 252
NEIN, ICH BIN DER BITCOIN!
|
|
June 12, 2013, 03:44:53 PM |
|
That's what we also expected in September, the diff.... we are counting is between 75 and 150 millions...
|
|
|
|
|
wowc8
Member
Offline
Activity: 67
Merit: 10
|
|
June 12, 2013, 03:45:31 PM |
|
i compiled a short list of what would happen if:
miners would be delivered end of Setember and the difficulty will continue to rise 25% every 11 days (re-target time)
good work thanks :-) Obviously I hope that the difficulty will not maintain the current growth rate, wishful thinking probably. In any case, if we have our rigs in time we will draw a good profit notwithstanding the growth steepness My bet is that this does not stay linear. Nothing ever does. The only way that this would continue to grow at the same rate is if more powerful mining machines continue to be released. I don't see that happening in that short amount of time, therefore I expect the diff to plateau a bit. Probably rendering the more common GH/s units, either the 5GH/s or the 50GH/s units, into the profit realm of 5 to 10 dollars per day just like what is the case with the HD7970 GPUs today. There will definitely be a saturation point where people choose not to run their units because they don't make a profit. |
WDC: WbKQxmmJJTxTi9kFQ8JSDX4aAui1V6kN9H BTC: 13EosxXnBbkjfWrH85APkWp4RFLHiu9qys
|
|
|
bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
|
|
June 12, 2013, 03:45:34 PM |
|
Bitcoindifficulty.com Blockchain.info
|
|
|
|
sickpig
Legendary
Offline
Activity: 1260
Merit: 1008
|
|
June 12, 2013, 03:53:25 PM |
|
Bitcoindifficulty.com Blockchain.info
sorry bro I know I should mind my own business but why are you posting the same url twice in a few minutes? I can assure you that who is following this thread is likely doing the same with the KnC openday thread, no? |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
|
|
|
bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
|
|
June 12, 2013, 03:55:24 PM |
|
I apologize but this time I was replying to the guy just earlier.. EDIT: is there a site that shows how much the difficulty rose every 11 days and has a history? |
|
|
|
sickpig
Legendary
Offline
Activity: 1260
Merit: 1008
|
|
June 12, 2013, 04:14:49 PM |
|
I apologize but this time I was replying to the guy just earlier.. EDIT: is there a site that shows how much the difficulty rose every 11 days and has a history? Sorry then  I didn't notice OP edit his post asking for difficulty data source |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
|
|
|
|
Rora
|
|
June 12, 2013, 04:23:54 PM |
|
The difficulty will even out and wont keep to its current 30+% difficulty increase once most of the ASICs are released. I think we are in for a MASSIVE difficulty change and then a slow in increase.
|
|
|
|
|
|
merv77
|
|
June 12, 2013, 04:38:40 PM |
|
i compiled a short list of what would happen if:
miners would be delivered end of September and the difficulty will continue to rise 25% every 11 days (re-target time)
In my opinion, this is the more pessimistic view... i'm guessing the difficulty increase will level off towards the end of the year.
The -Mining should have been mining hardware cost
EDIT: is there a site that shows how much the difficulty rose every 11 days and has a history?
EDIT2: this calculation is done @ 108$/BTC
This prediction could be accurate, and I'm a newbie with all this crypto-currency business so I probably do understand enough. But with these predictions the difficulty reaching 4 billion in less than a year, what's realistically going happen to Bitcoin??? Could any or all of the following happen? 1. Miners play game of chicken and wait for some miners to switch off unprofitable rigs, hopefully making profitable again. 2. Bitcoin value rises dramatically especially because fewer coins are being found, hopefully making profitable again. 3. Compulsory transaction fees introduced to keep miners rigs switch on and hash rate's high for a more secure Bitcoin network, therefore making profitable again. Don't forget cost of electricity. a 350GH/s Jupiter supposedly consumes 1000 Watts. Also, the companies solely in the business of producing mining hardware going still be around when difficulty is in the multi-billion area. |
|
|
|
|
|
dan99
|
|
June 12, 2013, 04:42:32 PM |
|
In my opinion, difficulty creates opportunity 1) the gpu and asicminer usb will give up or died off eventually 2) as difficulty increases the amount of coins harvested daily is reduced 3) The price of bitcoin may increased. So at the end it will benefit the Asic Miners. By the way in Dec 2012 or earlier the fortune tellers will say the same thing, difficulty increase and what not .. but those who don't listen to some of these garbage and went a head and bought the Avalon batch 1 now they enjoy the golden harvest... and where are those nay slayers ? maybe they went back to their caves..and had to re-do their calculations. |
|
|
|
|
|
rizzman
|
|
June 12, 2013, 05:03:28 PM |
|
Congrats $1k!
lol - you missed the "." before the number, although I wish I could throw coin around like that. |
|
|
|
|
bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
|
|
June 12, 2013, 05:10:47 PM |
|
Damn he hid it good, very misleading! Congrats $1k!
lol - you missed the "." before the number, although I wish I could throw coin around like that. |
|
|
|
|
qiuness
|
|
June 12, 2013, 05:25:39 PM |
|
the calculations are including the Wattage... i`m hoping that the level off happens sooner then later  |
|
|
|
|
|
DPoS
|
|
June 12, 2013, 06:04:48 PM |
|
remember some miners aren't totally in it for straight ROI.. they like making their own coins for many reasons
and I would guess some would pay a premium since this is their own swiss bank if you will or laundry mat
so yeah, ROI miners have to compete with others who won't be daunted by all the ROI crybabies that flock to each thread here saying 'it ain't worth it'
|
|
|
|
bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
|
|
June 12, 2013, 06:13:35 PM |
|
True and virgin coins could be at premium some day
|
|
|
|
|
|
|
Bitcoinorama
|
|
June 12, 2013, 08:53:50 PM |
|
Bitcoinrama, Thanks dude. let me know where I can send you some bitcents for your troubles. --- Nevermind, just saw your address... .10 btc en route
Ahhh it was you, my mystery donar. Someone else eludes me with 0.009...  Thanks guys, massively appreciated. Can go towards a hand massage, the digits are sore from all the typing! Enjoy; https://bitcointalk.org/index.php?topic=232852.msg2453779#msg2453779 |
Make my day! Say thanks if you found me helpful BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp |
|
|
|
Bitcoinorama
|
|
June 12, 2013, 08:56:36 PM |
|
Bitcoinrama, Thanks dude. let me know where I can send you some bitcents for your troubles. --- Nevermind, just saw your address... .10 btc en route
Ahhh it was you, my mystery donar. Cheers Rizz!!! Someone else eludes me with 0.009... Thanks guys, massively appreciated. Can go towards a hand massage, the digits are sore from all the typing! Saying that my neck is killing from sitting in a stupid position the last few hours like a dumbass!! Enjoy; https://bitcointalk.org/index.php?topic=232852.msg2453779#msg2453779 |
Make my day! Say thanks if you found me helpful BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp |
|
|
|
qiuness
|
|
June 12, 2013, 09:10:58 PM |
|
nice donation, you deserve it!
@skoolbytes thanks for the chart!
|
|
|
|
|
|
idee2013
|
|
June 12, 2013, 09:16:01 PM |
|
Bitcoinrama, Thanks dude. let me know where I can send you some bitcents for your troubles. --- Nevermind, just saw your address... .10 btc en route
Ahhh it was you, my mystery donar. Cheers Rizz!!! Someone else eludes me with 0.009... Thanks guys, massively appreciated. Can go towards a hand massage, the digits are sore from all the typing! Saying that my neck is killing from sitting in a stupid position the last few hours like a dumbass!! Enjoy; https://bitcointalk.org/index.php?topic=232852.msg2453779#msg2453779oh dude....this is a book ;-) |
|
|
|
|
|
