Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[galdur]

Well, it´s looking like a negligable diff. increase

Dec 30 2014   40,640,955,017   290,919,288 GH/s

now 294,743,941 GH/s

That +10% is meaningless

https://bitcoinwisdom.com/bitcoin/difficulty

When will diff change? I expect blocks will slowdown on this change.

ETA on diff change is 3.3 days. And I wouldn't call a jump from 40,6 bill to 43,5 bill negligable.

I guess you don´t read too well.

As you might have guessed I didn't click on that link at first. My estimate was if the recent drop in hash rate was real and not just a probability fluctuation (which would make sense when the price keeps dropping). If the hash rate hasn't dropped significantly we will end up somewhere in the area of 44-44,5b as suggested by bitcoinwisdom and bitcoincharts.

The estimate is just lagging nonsense.

[1714007196]

1714007196

[1714007196]

1714007196

[kryptopojken]

It's so quiet in here

[Fatman3001]

Well, it´s looking like a negligable diff. increase

Dec 30 2014   40,640,955,017   290,919,288 GH/s

now 294,743,941 GH/s

That +10% is meaningless

https://bitcoinwisdom.com/bitcoin/difficulty

When will diff change? I expect blocks will slowdown on this change.

ETA on diff change is 3.3 days. And I wouldn't call a jump from 40,6 bill to 43,5 bill negligable.

I guess you don´t read too well.

As you might have guessed I didn't click on that link at first. My estimate was if the recent drop in hash rate was real and not just a probability fluctuation (which would make sense when the price keeps dropping). If the hash rate hasn't dropped significantly we will end up somewhere in the area of 44-44,5b as suggested by bitcoinwisdom and bitcoincharts.

The estimate is just lagging nonsense.

Bitcoinwisdom has a weird way of calculating estimates. The first week it is almost always way off. When it is closer to diff change it tends to be more in line. I normally use bitcoincharts for estimates as they seem to average in a more conservative way.

[Fatman3001]

It's so quiet in here

Är bara lugnet före stormen

[dakota neat]

 

[galdur]

Well, it´s looking like a negligable diff. increase

Dec 30 2014   40,640,955,017   290,919,288 GH/s

now 294,743,941 GH/s

That +10% is meaningless

https://bitcoinwisdom.com/bitcoin/difficulty

When will diff change? I expect blocks will slowdown on this change.

ETA on diff change is 3.3 days. And I wouldn't call a jump from 40,6 bill to 43,5 bill negligable.

I guess you don´t read too well.

As you might have guessed I didn't click on that link at first. My estimate was if the recent drop in hash rate was real and not just a probability fluctuation (which would make sense when the price keeps dropping). If the hash rate hasn't dropped significantly we will end up somewhere in the area of 44-44,5b as suggested by bitcoinwisdom and bitcoincharts.

The estimate is just lagging nonsense.

Bitcoinwisdom has a weird way of calculating estimates. The first week it is almost always way off. When it is closer to diff change it tends to be more in line. I normally use bitcoincharts for estimates as they seem to average in a more conservative way.

Well, since mining is online I would have to assume that they´re capable

of accurately keeping track of the hashrate.

[luckygenough56]

next stamp update soon :

blablabla need another 72h to flee with coins

[noobtrader]

next stamp update soon :

blablabla need another 72h to flee with coins

latest news from bitstamp

https://www.youtube.com/watch?v=oHg5SJYRHA0

[Elwar]

The next 12 hours are

[ChartBuddy]

Bitfinex

Explanation

[Fatman3001]

Well, it´s looking like a negligable diff. increase

Dec 30 2014   40,640,955,017   290,919,288 GH/s

now 294,743,941 GH/s

That +10% is meaningless

https://bitcoinwisdom.com/bitcoin/difficulty

When will diff change? I expect blocks will slowdown on this change.

ETA on diff change is 3.3 days. And I wouldn't call a jump from 40,6 bill to 43,5 bill negligable.

I guess you don´t read too well.

As you might have guessed I didn't click on that link at first. My estimate was if the recent drop in hash rate was real and not just a probability fluctuation (which would make sense when the price keeps dropping). If the hash rate hasn't dropped significantly we will end up somewhere in the area of 44-44,5b as suggested by bitcoinwisdom and bitcoincharts.

The estimate is just lagging nonsense.

Bitcoinwisdom has a weird way of calculating estimates. The first week it is almost always way off. When it is closer to diff change it tends to be more in line. I normally use bitcoincharts for estimates as they seem to average in a more conservative way.

Well, since mining is online I would have to assume that they´re capable

of accurately keeping track of the hashrate.

Nobody knows the exact hashrate at any given time. All anyone knows is how many blocks are solved within a set timeframe. If the network is lucky, it will look like the network has grown dramatically, if it is unlucky it can look like it has slumped. But if you look at graphs of several days of data you can normally spot when huge data centers are switched online or Bitmain is shipping some new products, by the way the range of the pendulum shifts upwards.

But when it comes to the averages I think bitcoincharts includes the current difficulty for the missing data points of the next diff change. Whereas Bitcoinwisdom just averages the hashrate that has been recorded after the last diff change, ie. if the network has been very lucky/unlucky the first couple of days the estimate can be off with several, if not tens of, billions in either direction(normally up).

[galdur]

Well, it´s looking like a negligable diff. increase

Dec 30 2014   40,640,955,017   290,919,288 GH/s

now 294,743,941 GH/s

That +10% is meaningless

https://bitcoinwisdom.com/bitcoin/difficulty

When will diff change? I expect blocks will slowdown on this change.

ETA on diff change is 3.3 days. And I wouldn't call a jump from 40,6 bill to 43,5 bill negligable.

I guess you don´t read too well.

As you might have guessed I didn't click on that link at first. My estimate was if the recent drop in hash rate was real and not just a probability fluctuation (which would make sense when the price keeps dropping). If the hash rate hasn't dropped significantly we will end up somewhere in the area of 44-44,5b as suggested by bitcoinwisdom and bitcoincharts.

The estimate is just lagging nonsense.

Bitcoinwisdom has a weird way of calculating estimates. The first week it is almost always way off. When it is closer to diff change it tends to be more in line. I normally use bitcoincharts for estimates as they seem to average in a more conservative way.

Well, since mining is online I would have to assume that they´re capable

of accurately keeping track of the hashrate.

Nobody knows the exact hashrate at any given time. All anyone knows is how many blocks are solved within a set timeframe. If the network is lucky, it will look like the network has grown dramatically, if it is unlucky it can look like it has slumped. But if you look at graphs of several days of data you can normally spot when huge data centers are switched online or Bitmain is shipping some new products, by the way the range of the pendulum shifts upwards.

But when it comes to the averages I think bitcoincharts includes the current hashrate for the missing data points of the next diff change. Whereas Bitcoinwisdom just averages the hashrate that has been recorded after the last diff change, ie. if the network has been very lucky/unlucky the first couple of days the estimate can be off with several, if not tens of, billions in either direction(normally up).

OK, at any rate that +10% or more disaster seems  more unlikely now.

[roslinpl]

The next 12 hours are

Critical for whom?

I don't really care about BitStamp future.

Bitcoin will live without another not secure exchange.
:-)

[cbeast]

The next 12 hours are

This is Gentlemen!

[Jammalan the Prophet]

The next 12 hours are

[NotLambchop]

Good morning gentlemen.  Her Majesty sends her regards to her dear friends.

[Bitcoin_BOy$]

Good morning gentlemen.  Her Majesty sends her regards to her dear friends.

I ask Majesty to pump bitcoin

[soullyG]

[NotLambchop]

[ChuckBuck]

https://twitter.com/Bitstamp/status/553508118307418112

What does that even mean?  At least give an ETA, Bitstamp...