Difficulty jumps 28%

[FloridaBear]

Difficulty jumped to 15.6 million from 12.1 million, a 28% increase. Welcome to ASIC world...be very careful with your hardware investments!

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[joulesbeef]

lol I remember when diff first hit a million.

now it jumps by millions.

that was an amazing bump though.

[xh4]

The next one will be even more amazing.

[SGExodus]

The best part is that, most consumers still don't have their hand on ASIC.

ASICMiner and other private equity folks are happily printing money, while the rest of the forumers continue to get screw by pre-order delays

[Shevek]

It borned underestimated :-(

[skumpic]

OMG

[gomados]

yep the gpu's time are ending!!!!!

[SGExodus]

At this difficulty growth, all those guys paying over 4BTC/Ghs in the Auction section will never make back their investment.

First owner of Avalon and BFL equipment can still make some decent profit -- if their machine ships.

[Crindon]

Ouch!

15605632.6813

[Crindon]

At this difficulty growth, all those guys paying over 4BTC/Ghs in the Auction section will never make back their investment.

First owner of Avalon and BFL equipment can still make some decent profit -- if their machine ships.

Sad, but true.

[Crindon]

Anyone want to hazard a guess at what the difficulty will be in November 2013 or December 2013?

60 million?

[Nancarrow]

My GPUs are still profitable, and they'll probably last through the next two difficulty changes (so maybe six weeks all told) but unless price skyrockets comparably, they're on their last legs.

Actually what's annoying is, I got an ASICminer blade some 17 days ago, and only AFTER I got it, did I think of calculating ROI. 
Turns out that a sustained diff increase of ~14% will just breakeven BTC wise. Last but one difficulty change was 8.6%. Yay!  Now we just had 28.4%. Boo! 

[kendog77]

Difficulty jumped to 15.6 million from 12.1 million, a 28% increase. Welcome to ASIC world...be very careful with your hardware investments!

I agree with you. Sadly, some poor soul just "won" an auction and paid 281BTC for an Avalon that is very unlikely to ever earn that much from this point forward...  

The latest difficulty jump also makes ASICMiner Blades a very poor buy at 50BTC.

Jalapeno's are even going for ~20BTC.

In my opinion, there are no ASIC devices that can be ordered now and ship immediately that will ever earn what they cost in BTC from this point forward.

[Crindon]

Difficulty jumped to 15.6 million from 12.1 million, a 28% increase. Welcome to ASIC world...be very careful with your hardware investments!

I agree with you. Sadly, some poor soul just "won" an auction and paid 281BTC for an Avalon that is very unlikely to ever earn that much from this point forward...  

The latest difficulty jump also makes ASICMiner Blades a very poor buy at 50BTC.

Jalapeno's are even going for ~20BTC.

In my opinion, there are no ASIC devices that can be ordered now and ship immediately that will ever earn what they cost in BTC from this point forward.

That's right, the price per GH/s for ASICs that you can get right now are just too high and it will take a year or more at current and slightly higher difficulties to recoup that initial investment. The difficulty is due to skyrocket within 6 months.

[hayek]

The best part is that, most consumers still don't have their hand on ASIC.

ASICMiner and other private equity folks are happily printing money, while the rest of the forumers continue to get screw by pre-order delays

Well, even if the ASICs had come earlier would have just meant a bump in difficulty sooner. I only get discouraged by the lack of time spent mining rather than the potential profit.

[bonker]

Ouch! I need Savlon for my bunghole

[J35st3r]

And I only just got wrung out for using 26% in an example ROI calculation back in the noobs section https://bitcointalk.org/index.php?topic=225285.0;all. Perhaps I should ask for my "Victory" back?

Interesting times. I think the economists use the term "Irrational exuberance". All bubbles burst (not quite the right analogy as difficulty won't drop precipitously, maybe more of a Gold Rush to ASIC canyon). I guess most ASIC pre-orders are going to get a little burned (certainly disappointed). The early chip orders may turn out OK though. Shame I didn't get in early. Hindsight would be a fine thing.

[FloridaBear]

And I only just got wrung out for using 26% in an example ROI calculation back in the noobs section https://bitcointalk.org/index.php?topic=225285.0;all. Perhaps I should ask for my "Victory" back?

Interesting times. I think the economists use the term "Irrational exuberance". All bubbles burst (not quite the right analogy as difficulty won't drop precipitously, maybe more of a Gold Rush to ASIC canyon). I guess most ASIC pre-orders are going to get a little burned (certainly disappointed). The early chip orders may turn out OK though. Shame I didn't get in early. Hindsight would be a fine thing.

Yup, I got reamed for my "GPU's will not pay back" thread when assuming around 18% increases (which has been about average for a few months, and ASICs have only started trickling out). It's very difficult to find ANY investment right now that is a sure thing.

[BitcoinBarrel]

See what all you Preorders have done!

[Spectrome]

GPU's wont become useless they will just farm alt coins and exchange for BTC, The BTC market is about to take a whole bunch of steroids. Pulling up a recliner for this firework show over the coming months.