ETH Difficulty +11% in less than 24 hours.

[CjMapope]

Holy carp 11%+ in one go!

It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS

Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man!

EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC..

Original:

Not sure about ASIC since it takes a lot of development time, resources and money.  It doesn't *seem* to make sense since at some
point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point.  (still down the road).

However anything is possible

i would argue you never once mentioned "Dagger".  it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic?
There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even
There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet .

Course, yes, us little guys its all speculation, "anything IS possible"

[1715694881]

1715694881

[1715694881]

1715694881

[gateway]

Holy carp 11%+ in one go!

It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS

Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man!

EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC..

Original:

Not sure about ASIC since it takes a lot of development time, resources and money.  It doesn't *seem* to make sense since at some
point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point.  (still down the road).

However anything is possible

i would argue you never once mentioned "Dagger".  it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic?
There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even
There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet .

Course, yes, us little guys its all speculation, "anything IS possible"

Dagger Hashimoto is memory-hard, which means that ASIC and FPGA gain no advantage because everyone is limited by the speed of RAM.

Because the primary determinant of hardness is memory, and not computation, specialized hardware has only a tiny advantage; even an optimal Dagger mining ASIC would have little to offer over a hobbyist purchasing hundreds of gigabytes of memory cards off the shelf and plugging them into a medium-power GPU.

[adaseb]

The devs need to do something quick with this ice-age because there is crazy backlogs going on with the ETH blockchain. Look at Bittrex

Wallet Notices
EMC2 (Einsteinium): EMC blockchain experienced a double spend attack.  We are working with the development team on a fix.
EFL (ElectronicGulden): EFL blockchain experienced a double spend attack. We are working with the development team on a fix.
QTL (Quatloo): QTL blockchain experienced a double spend attack. We are working with the development team on a fix.
SDC (ShadowCash): SDC wallet is being removed Jun 23rd, 2017
ARCH (ArchCoin): Wallet being deleted
WBB (Wild Beast Block): Wallet will be removed on 6/23 - We are processing WITHDRAWALS ONLY.  Deposits will not be credited - https://twitter.com/WildBeastBTC/status/871389558990139392
AEON (Aeon): AEON wallet offline for maintenance
ETH (Ethereum): Wallet offline -  Blockchain congestion detected
TX (TransferCoin): Automated Maintenance.
BTA (Bata): Wallet Maintenance
DGD (Digix DAO): Wallet offline -  Blockchain congestion detected
RISE (Rise): Wallet swap will happen on July 19th.  Details at https://rise.vision/swap/
UNB (UnbreakableCoin): UNB blockchain experienced a double spend attack. We are working with the development team on a fix.
XAUR (Xaurum): Wallet offline -  Blockchain congestion detected
SNGLS (SingularDTV): Wallet offline -  Blockchain congestion detected
JWL (Jewel): JWL wallet is being removed July 14th, 2017
REP (Augur): Wallet offline -  Blockchain congestion detected
HKG (HackerGold): Wallet offline -  Blockchain congestion detected
ION (Ion): Wallet Offline at dev request
SWT (Swarm City Token): Wallet offline -  Blockchain congestion detected
TIME (Chronobank Time): Wallet offline -  Blockchain congestion detected
MLN (Melon): Wallet offline -  Blockchain congestion detected
GNT (Golem): Wallet offline -  Blockchain congestion detected
NXC (Nexium): Wallet offline -  Blockchain congestion detected
EDG (Edgeless): Wallet offline -  Blockchain congestion detected
LGD (Legends): Wallet offline -  Blockchain congestion detected
TRST (Trustcoin): Wallet offline -  Blockchain congestion detected
WINGS (Wings DAO): Wallet offline -  Blockchain congestion detected
RLC (iEx.ec): Wallet offline -  Blockchain congestion detected
GNO (Gnosis): Wallet offline -  Blockchain congestion detected
GUP (Guppy): Wallet offline -  Blockchain congestion detected
LUN (Lunyr): Wallet offline -  Blockchain congestion detected
TKN (TokenCard): Wallet offline -  Blockchain congestion detected
HMQ (Humaniq): Wallet offline -  Blockchain congestion detected
ANT (Aragon): Wallet offline -  Blockchain congestion detected
BAT (Basic Attention Token): Wallet offline -  Blockchain congestion detected
1ST (Firstblood): Wallet offline -  Blockchain congestion detected
QRL (Quantum Resistant Ledger): Wallet offline -  Blockchain congestion detected
MGO (MobileGo): Mysterium Wallet Offline : Blockchain congestion detected.
CRB (CreditBit): Wallet offline -  Blockchain congestion detected
PTOY (Patientory): Wallet offline -  Blockchain congestion detected
MYST (Mysterium): Wallet offline -  Blockchain congestion detected
CFI (Cofound.it): Wallet offline -  Blockchain congestion detected

[dbc23]

Holy carp 11%+ in one go!

It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS

Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man!

EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC..

Original:

Not sure about ASIC since it takes a lot of development time, resources and money.  It doesn't *seem* to make sense since at some
point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point.  (still down the road).

However anything is possible

i would argue you never once mentioned "Dagger".  it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic?
There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even
There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet .

Course, yes, us little guys its all speculation, "anything IS possible"

Dagger Hashimoto is memory-hard, which means that ASIC and FPGA gain no advantage because everyone is limited by the speed of RAM.

Because the primary determinant of hardness is memory, and not computation, specialized hardware has only a tiny advantage; even an optimal Dagger mining ASIC would have little to offer over a hobbyist purchasing hundreds of gigabytes of memory cards off the shelf and plugging them into a medium-power GPU.

Is it possible this is something that's being done?  I'm thinking of system memory daughterboards.  Would it be possible to set up a system with several 100 gigs of system memory and use either xeons or offload processing to a GPU and hash that way with Dagger? 

I realize latency would become a serious problem dealing with the system bus and having to hold and communicate between system memory on then daughterboards and the GPU/CPU, but if it's truly a matter of AMOUNT of memory then this sounds like it might be a way to build a massive daggerhash machine.

I'm guessing memory bandwidth and latency plays a major role though (from my limited BIOS tweaking experience) in which case this might have to do with some early Vega cards coming online, I think they're all using HBM if I'm not mistaken.

Does look, if these numbers are all correct that something more than a large GPU shipment suddenly coming online, this looks like something of a different kind.

[CjMapope]

Holy carp 11%+ in one go!

It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS

Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man!

EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC..

Original:

Not sure about ASIC since it takes a lot of development time, resources and money.  It doesn't *seem* to make sense since at some
point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point.  (still down the road).

However anything is possible

i would argue you never once mentioned "Dagger".  it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic?
There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even
There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet .

Course, yes, us little guys its all speculation, "anything IS possible"

Dagger Hashimoto is memory-hard, which means that ASIC and FPGA gain no advantage because everyone is limited by the speed of RAM.

Because the primary determinant of hardness is memory, and not computation, specialized hardware has only a tiny advantage; even an optimal Dagger mining ASIC would have little to offer over a hobbyist purchasing hundreds of gigabytes of memory cards off the shelf and plugging them into a medium-power GPU.

ohh, i see, ya im not an ETH miner really so my knowledge obviously is less than yours on the subject i see haha
i was speaking strickly speculative , so i cant argue with those hard facts ;p

[Tmdz]

The devs need to do something quick with this ice-age because there is crazy backlogs going on with the ETH blockchain. Look at Bittrex

Wallet Notices
EMC2 (Einsteinium): EMC blockchain experienced a double spend attack.  We are working with the development team on a fix.
EFL (ElectronicGulden): EFL blockchain experienced a double spend attack. We are working with the development team on a fix.
QTL (Quatloo): QTL blockchain experienced a double spend attack. We are working with the development team on a fix.
SDC (ShadowCash): SDC wallet is being removed Jun 23rd, 2017
ARCH (ArchCoin): Wallet being deleted
WBB (Wild Beast Block): Wallet will be removed on 6/23 - We are processing WITHDRAWALS ONLY.  Deposits will not be credited - https://twitter.com/WildBeastBTC/status/871389558990139392
AEON (Aeon): AEON wallet offline for maintenance
ETH (Ethereum): Wallet offline -  Blockchain congestion detected
TX (TransferCoin): Automated Maintenance.
BTA (Bata): Wallet Maintenance
DGD (Digix DAO): Wallet offline -  Blockchain congestion detected
RISE (Rise): Wallet swap will happen on July 19th.  Details at https://rise.vision/swap/
UNB (UnbreakableCoin): UNB blockchain experienced a double spend attack. We are working with the development team on a fix.
XAUR (Xaurum): Wallet offline -  Blockchain congestion detected
SNGLS (SingularDTV): Wallet offline -  Blockchain congestion detected
JWL (Jewel): JWL wallet is being removed July 14th, 2017
REP (Augur): Wallet offline -  Blockchain congestion detected
HKG (HackerGold): Wallet offline -  Blockchain congestion detected
ION (Ion): Wallet Offline at dev request
SWT (Swarm City Token): Wallet offline -  Blockchain congestion detected
TIME (Chronobank Time): Wallet offline -  Blockchain congestion detected
MLN (Melon): Wallet offline -  Blockchain congestion detected
GNT (Golem): Wallet offline -  Blockchain congestion detected
NXC (Nexium): Wallet offline -  Blockchain congestion detected
EDG (Edgeless): Wallet offline -  Blockchain congestion detected
LGD (Legends): Wallet offline -  Blockchain congestion detected
TRST (Trustcoin): Wallet offline -  Blockchain congestion detected
WINGS (Wings DAO): Wallet offline -  Blockchain congestion detected
RLC (iEx.ec): Wallet offline -  Blockchain congestion detected
GNO (Gnosis): Wallet offline -  Blockchain congestion detected
GUP (Guppy): Wallet offline -  Blockchain congestion detected
LUN (Lunyr): Wallet offline -  Blockchain congestion detected
TKN (TokenCard): Wallet offline -  Blockchain congestion detected
HMQ (Humaniq): Wallet offline -  Blockchain congestion detected
ANT (Aragon): Wallet offline -  Blockchain congestion detected
BAT (Basic Attention Token): Wallet offline -  Blockchain congestion detected
1ST (Firstblood): Wallet offline -  Blockchain congestion detected
QRL (Quantum Resistant Ledger): Wallet offline -  Blockchain congestion detected
MGO (MobileGo): Mysterium Wallet Offline : Blockchain congestion detected.
CRB (CreditBit): Wallet offline -  Blockchain congestion detected
PTOY (Patientory): Wallet offline -  Blockchain congestion detected
MYST (Mysterium): Wallet offline -  Blockchain congestion detected
CFI (Cofound.it): Wallet offline -  Blockchain congestion detected

Back log is nothing compared to what will happen in the next 2 ice age step-ups.

It takes exponential step-ups , the next one we are looking at will push 25-30 sec blocks, then 1 min blocks.

Im excited for it even though profit will suck for a bit until they fork.  All the noobs that took out loans and spent money without research will likely panic and start selling hardware at deep loses.  The people like us can sit back and grab some popcorn then profit again once the fork comes.  Could even be a good time to be a opportunist.

[BitcoinPC]

A true conesuer of ETH would have known that there are ASIC ETH flashes that are out there and they have been for six months or more.  With the right ASIC you simply flash in the new OS and it can handle its previous algos, plus the ability to hard mine and mint, not a tech revolution, been there the whole time.

[MA3A]

@dbc23
 - very good point. Funny thing is that back in the 90's ALL major video cards HAD slots for ADDING ONBOARD memory. This is wise in terms of card usability aka lifespan, but... DICKS that invented term "goods lifespan" have different point of view on it, thats why no more memory add-on slots. Bizniz.. MORE sales - MORE profit, as simple as that.

[MFahad]

@dbc23
 - very good point. Funny thing is that back in the 90's ALL major video cards HAD slots for ADDING ONBOARD memory. This is wise in terms of card usability aka lifespan, but... DICKS that invented term "goods lifespan" have different point of view on it, thats why no more memory add-on slots. Bizniz.. MORE sales - MORE profit, as simple as that.

However, this has nothing to do with the facts about ETH, that is all in the numbers.  Do your research, look at the pool size and numbers and answer the question for yourself, these are the actions of a responsible person in the crypto game and we all do this. 
 

[adaseb]

Diff is still skyrocketing

3896897   Block   eu1   June 19th 2017, 9:13:15 am   765.6 T   11.4 TH/s   69s
3901922   Block   eu1   June 20th 2017, 8:09:45 am   847.7 T   11.4 TH/s   35s   213%
NOW
3906485   Block   eu1   June 21st 2017, 6:12:55 am   898.3 T   11.6 TH/s   64s   121%


So

in less than 48 hours difficulty went up +17.33%

Where are these GPUs coming from? AMD made max around 3 million per quarter of the RX series.

[Metroid]

in less than 48 hours difficulty went up +17.33%

Definitely, it's impossible to put all these hardware together and just turn on, it takes time and effort and every day the hashrate increases, not all at once in 2 days. This is not looking good.

Price is very determinant to build ASICS, lets see how this will go, if is indeed ASICS then looks like ETH value will crash to hell.

[toptek]

That must be nvidia doing their testing on eth networking. You ready? hehe

I was thinking that to there miner only GPU is due out in two days .. on the 23rd or about .... keep watching the DIFF it may drop ...

[Metroid]

That must be nvidia doing their testing on eth networking. You ready? hehe

I was thinking that to there miner only GPU is due out in two days .. on the 23rd or about .... keep watching the DIFF it may drop ...

The way things are, it could be anything really, for money, people do all sorts of things. Let's hope is Nvidia doing their testing.

[Tmdz]

I wouldn't worry about it, this could be the effect of some pools getting very lucky on blocks.

Ethermine had 107% luck today.

[thesmokingman]

Diff is still skyrocketing

3896897   Block   eu1   June 19th 2017, 9:13:15 am   765.6 T   11.4 TH/s   69s
3901922   Block   eu1   June 20th 2017, 8:09:45 am   847.7 T   11.4 TH/s   35s   213%
NOW
3906485   Block   eu1   June 21st 2017, 6:12:55 am   898.3 T   11.6 TH/s   64s   121%


So

in less than 48 hours difficulty went up +17.33%

Where are these GPUs coming from? AMD made max around 3 million per quarter of the RX series.

Pascal/Nvidia - a look around shows 1060s / 1070s sold out everywhere

[mewhoyou]

Screw all this mining ... lets go POS! Problem solved.

[charles2k]

One Chinese risers manufacturer told me, that at this moment they have orders for 200000 (!!!) risers.
And there are more manufacturers than this one...

[Rutdam]

yeah i also think as to do with asic, because with the current profit that ETH is giving it's worth to build dedicated asic for it, this or there is still someone selling gpu privately maybe, they are not really out of stock like many thing

If the ASIC is confirmed, then there will be a change of PoW.

[h311m4n]

It looks like ETH price crashed 20% and the difficult rose 20% regardless of hashrate drop and 17 seconds to find a block now, which means ETH became 35% less profitable, in just few days, imagine in few weeks. I wonder when the people who bought rx 4xx r5xxx series for 700 usd will commit suicide. Their end is near.

WTH are you talking about?...

ETH is just one coin that currently is the most profitable, but others are close behind. There are tons of other coins that will still give a nice profit. Everyone seems to be so scared about ETH becoming more difficult to mine or whatever, but the age of cryptos has really just begun.

I don't give 2 poops about ETH dying off with their idiotic difficulty bomb and artificial difficulty increase to force people to leave before they switch to POS(hit). I'm actually hoping every miner will leave to better things soon and let ETH crash and burn (or maybe rise and shine). Personally, I don't see POS as a good thing for the ethereum network and I don't see how it will make it better as you'll just have a few large players buying up all the coins to get the work contracts. Maybe the price will rise to 1000$, maybe not. I'm holding some, but will be switching to ETC today, just waiting on my next payment...

[Kompik]

It looks like ETH price crashed 20% and the difficult rose 20% regardless of hashrate drop and 17 seconds to find a block now, which means ETH became 35% less profitable, in just few days, imagine in few weeks. I wonder when the people who bought rx 4xx r5xxx series for 700 usd will commit suicide. Their end is near.

WTH are you talking about?...

ETH is just one coin that currently is the most profitable, but others are close behind. There are tons of other coins that will still give a nice profit. Everyone seems to be so scared about ETH becoming more difficult to mine or whatever, but the age of cryptos has really just begun.

I don't give 2 poops about ETH dying off with their idiotic difficulty bomb and artificial difficulty increase to force people to leave before they switch to POS(hit). I'm actually hoping every miner will leave to better things soon and let ETH crash and burn (or maybe rise and shine). Personally, I don't see POS as a good thing for the ethereum network and I don't see how it will make it better as you'll just have a few large players buying up all the coins to get the work contracts. Maybe the price will rise to 1000$, maybe not. I'm holding some, but will be switching to ETC today, just waiting on my next payment...

Oh man you really dont understand that this is all one interconnected market, saying I dont mine ETH, so it will not influence me is the dumbest thing ever. Good luck buying new gear and going bankrupt with this attitude.