Bitcoin Forum
December 03, 2016, 09:41:59 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Negligible difficulty increase?  (Read 1093 times)
CJYP
Member
**
Offline Offline

Activity: 112


View Profile
June 26, 2011, 05:12:34 AM
 #1

I just looked at BTC Charts, and it's estimating a difficulty increase of only about 2500. Block generation is at 6.02/hr, just above optimal.
Is this because the influx of miners has stopped (and some even quit, since I saw over 8/hr yesterday), or is this just a blip in the data?
Basically, am I a total n00b or is this real?
1480758119
Hero Member
*
Offline Offline

Posts: 1480758119

View Profile Personal Message (Offline)

Ignore
1480758119
Reply with quote  #2

1480758119
Report to moderator
1480758119
Hero Member
*
Offline Offline

Posts: 1480758119

View Profile Personal Message (Offline)

Ignore
1480758119
Reply with quote  #2

1480758119
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480758119
Hero Member
*
Offline Offline

Posts: 1480758119

View Profile Personal Message (Offline)

Ignore
1480758119
Reply with quote  #2

1480758119
Report to moderator
1480758119
Hero Member
*
Offline Offline

Posts: 1480758119

View Profile Personal Message (Offline)

Ignore
1480758119
Reply with quote  #2

1480758119
Report to moderator
mjsbuddha
Sr. Member
****
Offline Offline

Activity: 336


yung lean


View Profile
June 26, 2011, 05:15:58 AM
 #2

I just looked at BTC Charts, and it's estimating a difficulty increase of only about 2500. Block generation is at 6.02/hr, just above optimal.
Is this because the influx of miners has stopped (and some even quit, since I saw over 8/hr yesterday), or is this just a blip in the data?
Basically, am I a total n00b or is this real?

difficulty may actually decrease. it has decreased twice before. we will see. it seems the miners from the $30 boom have all been set up.
Adam
Member
**
Offline Offline

Activity: 84


View Profile
June 26, 2011, 05:20:34 AM
 #3

I'm sure we'll see tomorrow what's what.  Hashing power seems to spike on the weekends as people have time to get their rigs online.  If we don't go over 6 blocks an hour it is possible that difficulty will decrease. 

But then if that happens people will plug a new difficulty growth rate into their mining profitably calculator, decide it is good again, and buy more new rigs.  I see it going up next change, but only by around 10%.

AngelusWebDesign
Sr. Member
****
Offline Offline

Activity: 392


View Profile
June 26, 2011, 05:41:26 AM
 #4

Eventually people react the opposite way (kind of like "full circle"), just like they do with the Stock Markets.

Stock market up? It means the economy is doing good.
Stock market down? It's because the dollar is stronger, which is good.
Stock market sideways? That's good, it means we're building support for the next run-up.
triforcelink
Member
**
Offline Offline

Activity: 112



View Profile
June 26, 2011, 09:40:38 AM
 #5

I don't see it slowing down much, there are still massive profits to be made. After we come out of this daze caused by the major difficulty jump, we will be right where we left off.

Findeton
Full Member
***
Offline Offline

Activity: 126


View Profile
June 26, 2011, 10:01:48 AM
 #6

I LOVE negligible difficulty increases. Stop thinking in dollars, you want bitcoins!

Bitcoin Weekly, bitcoin analysis and commentary

14DD7MhRXuw3KDuyUuXvAsRcK4KXTT36XA
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!