difficulty estimated down?

[elasticband]

Bitcoin Difficulty

19,339,258
Next difficulty (estimate): 19,327,481

[elasticband]

Next difficulty (estimate): 19,322,414

[desired_username]

Nothing extraordinary, GPU miners starting to turn off / switch to altcoins.

Considering the backlog of avalon and BFL and the arrival of new ASIC vendors, there'll be a continued uptrend long term.

[Insu Dra]

just adds conformation to pre-mining by vendors, drop in hashrate while units are in transit ....

[Eastwind]

ATM, mining LTC is more profitable than BTC, so the GPU moves to LTc.

[Rannasha]

Network hashrate dropped considerably, primarily due to a huge drop from ASICMiner (see: http://www.asicminercharts.com/).

It is silly to assume that the current drop is due to GPU miners shutting their rigs down. If that would happen, we would see a very gradual decrease as there is no secret conspiracy to shut down GPU mining en-masse at the same data. You'd see areas with high electricity costs shut down first, followed by more and more areas with each difficulty increase. There haven't been these huge drops in network hashrate with previous difficulty adjustments.

[Insu Dra]

Network hashrate dropped considerably, primarily due to a huge drop from ASICMiner (see: http://www.asicminercharts.com/).

It is silly to assume that the current drop is due to GPU miners shutting their rigs down. If that would happen, we would see a very gradual decrease as there is no secret conspiracy to shut down GPU mining en-masse at the same data. You'd see areas with high electricity costs shut down first, followed by more and more areas with each difficulty increase. There haven't been these huge drops in network hashrate with previous difficulty adjustments.

That explains idd. and yes I don't buy GPU's switching ether, on top of what you said there hash power percentage wise is just to small to make a impact at this point. Especially with new asic's being delivered every day for past weeks ...

*damm I was so hoping for a tinfoil hat discussion about bfl and avalon *

[Shevek]

Network hashrate dropped considerably, primarily due to a huge drop from ASICMiner (see: http://www.asicminercharts.com/).

Jes but... Why this drop?

[tinnvec]

Jes but... Why this drop?

Less hashing power on the network = lower network difficulty

[Insu Dra]

Jes but... Why this drop?

Less hashing power on the network = lower network difficulty

I think he means what happened to asicminer hashing power where did the blades go to ? did they break ? did he sell some off ?

[jamesc760]

looks like he's turning them back on again...

http://www.asicminercharts.com/

[elebit]

Nothing extraordinary, GPU miners starting to turn off / switch to altcoins.

Not likely. It is still profitable to GPU mine, especially if you already own your GPUs or at least have other uses for them (ahem..).

[wpgdeez]

Maybe ASICMINER is swapping out to the next generation of blades. I wonder how many physical locations their assets are spread over and what sort of disaster recovery plans they have.

[ScaryHash]

Nothing extraordinary, GPU miners starting to turn off / switch to altcoins.

Not likely. It is still profitable to GPU mine, especially if you already own your GPUs or at least have other uses for them (ahem..).

Just got the electricity bill, and mining is adding $35ish bucks to the bill. But, I'm mining about 1 btc a month (small time  ).

So, it's still profitable, at current difficulty. Looks like difficulty isn't gonna change much.

Those are real numbers, not calculated or made up.

[ujka]

looks like he's turning them back on again...
http://www.asicminercharts.com/

Turned them back on and also added lots and lots of new blades - last 6 hours averaging at 50 Th!
http://www.asicminercharts.com/live/