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Author Topic: predicting difficulty  (Read 5684 times)
jdany
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September 11, 2013, 02:06:50 AM
 #41

This is past data for mining difficulty:

Date          % Increase   Difficulty

23-Jan-13    8.64%    2,968,775
08-Jan-13     8.64%    3,249,550
05-Feb-13    10.33%     3,275,465
18-Feb-13    11.47%    3,651,012
01-Mar-13     19.63%    4,367,876
14-Mar-13    10.98%    4,847,647
24-Mar-13    38.13%    6,695,826
05-Apr-13    14.59%    7,673,000
30-Apr-13     12.28%    10,076,293
14-May-13    11.03%   11,187,257

If difficulty increases at 15% per two weeks at next increase then at End July difficulty will be 22,501,570.  If you have a Jalapeno arriving at end-July your total estimated profit would be $1,100, if you run the unit 24/7 till end 2014 year.

28-May-13   15%   12,865,346
11-Jun-13   15%   14,795,147
25-Jun-13   15%   17,014,419
09-Jul-13   15%   19,566,582
23-Jul-13   15%   22,501,570
06-Aug-13   15%   25,876,805

If difficulty increases at 18% per two weeks then at End July difficulty will be 25,593,734.  If you have a Jalapeno arriving at end-July you will possibly make $750 profit, if you run the unit 24/7 till end 2014 year.  At $120 per BTC your break-even date of arrival is 29th Oct, and if it arrives after this date you will make a loss. At $100 per BTC your break-even date of arrival is 15th Oct, and if it arrives after this date you will make a loss.

28-May-13   18%   13,200,963
11-Jun-13   18%   15,577,137
25-Jun-13   18%   18,381,021
09-Jul-13   18%   21,689,605
23-Jul-13   18%   25,593,734
06-Aug-13   18%   30,200,606
20-Aug-13   18%   35,636,715
03-Sep-13   18%   42,051,324
17-Sep-13   18%   49,620,562
01-Oct-13   18%   58,552,263
15-Oct-13   18%   69,091,671
29-Oct-13   18%   81,528,172
12-Nov-13   18%   96,203,242

With the present sales of ASIC chips in bulk from a competitor, Avalon, in lots of ten thousand to distributors, new miner units could reach retail customers by late July.   If so this extra estimated 84 TH/s, at around $2.8 million in chip value, could have an enormous impact on mining output and difficulty levels thereafter.

Lets hope Butterfly Labs Inc. deliver as promised, and you are not one of the unlucky ones that will be mining just to cover their payment to Butterfly labs.

Good luck.

Ha!  49 Million on Sep 17...
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