Bitcoin Forum
December 03, 2016, 03:55:08 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Difficulty and BTC/day forecast at current difficulty rate increase  (Read 1485 times)
marvinmartian
Full Member
***
Offline Offline

Activity: 224



View Profile
June 24, 2011, 06:58:07 PM
 #1

I'm assuming I can use the same formula that was valid for the last difficulty level, namely:

btcday = 50/((difficulty*49710.2696)/hashrate)

Which is illustrated in the figures below, assuming the difficulty increases at 50% every two weeks for the next several
iterations (late Sept being the last line in the table below).  In a little more than 3 months 1gHash will make little more than $1 per day.

Doesn't get much better at $30 per BTC where we'd make $2.91 instead of $1.65 per day.

Bummer.


BTC/Day $/day$/mon$/BTCDifficultyMhash
0.729271757$12.40$377.091713792231000
0.520908398$8.86$269.35171930912.2   1000
0.372077427$6.33$192.40172703277.081000
0.265769591$4.52$137.43173784587.9121000
0.189835422$3.23$98.16 175298423.0771000
0.13559673$2.31$70.11177417792.3081000
0.096854807$1.65$50.081710384909.231000

"... and the geeks shall inherit the earth."
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Sukrim
Legendary
*
Offline Offline

Activity: 1848


View Profile
June 24, 2011, 07:22:53 PM
 #2

Just get the price up then. Roll Eyes

If you offer to sell lower than what's profitable for you, it's your own fault.

Aaand:

If someone can afford selling lower than you can, it's also your problem. Welcome to the free market.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
AngelusWebDesign
Sr. Member
****
Offline Offline

Activity: 392


View Profile
June 24, 2011, 07:29:39 PM
 #3


Quote
BTC/Day    $/day   $/mon   $/BTC   Difficulty   Mhash
0.729271757   $12.40   $377.09   17   1379223   1000
0.520908398   $8.86   $269.35   17   1930912.2      1000
0.372077427   $6.33   $192.40   17   2703277.08   1000
0.265769591   $4.52   $137.43   17   3784587.912   1000
0.189835422   $3.23   $98.16   17   5298423.077   1000
0.13559673   $2.31   $70.11   17   7417792.308   1000
0.096854807   $1.65   $50.08   17   10384909.23   1000

Wow -- a Gigahash bringing in 0.26 BTC a day...

I sure hope people stop buying 5830's for $160 at that point, considering it takes almost FOUR of them to make a Gigahash.


WiseOldOwl
Full Member
***
Offline Offline

Activity: 224



View Profile
June 24, 2011, 07:30:50 PM
 #4

Just get the price up then. Roll Eyes

If you offer to sell lower than what's profitable for you, it's your own fault.

+1

http://cryptoswap.com
XRP/BTC/LTC/BTE
talldude
Member
**
Offline Offline

Activity: 74


View Profile
June 24, 2011, 07:54:19 PM
 #5

If you want to model this in continuous time inside any given round, here are the parameters:

Assumption: smooth, continuous 50% per round growth rate

Number of blocks generated in current round at time t = 6 * exp(g*t) * t   --- g is growth per time, t is time. Working with hours, g = 0.00181. g is derived from simultaneously solving the preceding equation where # of blocks = 2016 and exp(g*t) = (1+per round growth)

BTC/Ghash-hour = 41909/difficulty

With these parameters a round lasts 224 hours, or just over 9 days.

You can create a stepwise function (every 224 hours adjust the difficulty) to find your earnings for any length of time.
Chucksta
Full Member
***
Offline Offline

Activity: 168



View Profile
June 24, 2011, 08:08:21 PM
 #6


Quote
BTC/Day    $/day   $/mon   $/BTC   Difficulty   Mhash
0.729271757   $12.40   $377.09   17   1379223   1000
0.520908398   $8.86   $269.35   17   1930912.2      1000
0.372077427   $6.33   $192.40   17   2703277.08   1000
0.265769591   $4.52   $137.43   17   3784587.912   1000
0.189835422   $3.23   $98.16   17   5298423.077   1000
0.13559673   $2.31   $70.11   17   7417792.308   1000
0.096854807   $1.65   $50.08   17   10384909.23   1000

Wow -- a Gigahash bringing in 0.26 BTC a day...

I sure hope people stop buying 5830's for $160 at that point, considering it takes almost FOUR of them to make a Gigahash.




+1

I never understood the argument for that card, considering the increases in difficulty favours the card that gives the most hash power.



Sukrim
Legendary
*
Offline Offline

Activity: 1848


View Profile
June 24, 2011, 08:20:04 PM
 #7

I never understood the argument for that card, considering the increases in difficulty favours the card that gives the most hash power per USD when initially bought.

/fixed Wink

In the short run (and with increasing difficulty), Hashes per USD on the price tag is THE only thing to look at.

In the longer run (and with constant or falling difficulty), Hashes per Watt used is the dominant measurement.

If you could get a device that costs only 50 USD, uses 3000 Watt per hour and does 1000 MH/s, it would be a better investment currently than FPGAs that cost 500 USD, use 20 Watts and do a few hundred MHashes/sec.

I really should plot out some numbers, as noone did it yet publicly... but that could get quite depressing for 6990 owners/buyers! Wink

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
bcpokey
Sr. Member
****
Offline Offline

Activity: 462


View Profile
June 24, 2011, 08:43:53 PM
 #8

I never understood the argument for that card, considering the increases in difficulty favours the card that gives the most hash power per USD when initially bought.

/fixed Wink

In the short run (and with increasing difficulty), Hashes per USD on the price tag is THE only thing to look at.

In the longer run (and with constant or falling difficulty), Hashes per Watt used is the dominant measurement.

If you could get a device that costs only 50 USD, uses 3000 Watt per hour and does 1000 MH/s, it would be a better investment currently than FPGAs that cost 500 USD, use 20 Watts and do a few hundred MHashes/sec.

I really should plot out some numbers, as noone did it yet publicly... but that could get quite depressing for 6990 owners/buyers! Wink

Indeed. I've grown weary of trying to debunk these silly static statements, so it's nice to see someone pointing out that context plays a huge role in any decision. $/Mhash, Mhash/Watt, Mhash/Card, $/Watt, Price/Difficulty, Rate_of_Network_Growth, all play an important role in how you choose your path to profitability.

But no, let's just calculate 50% static difficulty increases based on nothing.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!