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vesperwillow
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October 25, 2013, 02:18:22 PM |
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1,200,000,000. 5 times of what it is now  And we have started a new round! =D |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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waltermot321
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October 26, 2013, 03:38:17 AM |
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1,200,000,000. 5 times of what it is now And we have started a new round! =D Oh no, the difficulty jump again!! |
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GodfatherBond
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October 26, 2013, 05:03:25 PM |
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1,200,000,000. 5 times of what it is now About there, maybe a bit more (1500 MM) by end of this year. |
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TheDragonSlayer
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October 30, 2013, 09:51:09 AM |
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1,200,000,000. 5 times of what it is now About there, maybe a bit more (1500 MM) by end of this year. 2 Billion, do I get something If I guess it right? |
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vesperwillow
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October 30, 2013, 02:25:21 PM |
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1,200,000,000. 5 times of what it is now About there, maybe a bit more (1500 MM) by end of this year. 2 Billion, do I get something If I guess it right? Bragging rights I suppose. This next one is going to have even more variaiton within the unknowns than the last, I'm finding it hard to estimate with certainty. My math comes up with: Worse case scenario: 2,235,934,660 Likely scenario: 1,915,001,512 My gut says 1.7b, but I'm going to stick with my 2 above. Just wanted to note my gut's feeling in case I need to take that more into consideration for the next go-round lol. |
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zvs
Legendary
 Offline
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
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October 30, 2013, 02:48:30 PM |
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I predict it'll be so high that you won't even be able to shake a stick at it
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vesperwillow
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October 30, 2013, 02:53:54 PM |
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I predict it'll be so high that you won't even be able to shake a stick at it
Of this, I have no doubt. I also believe it still has a ways to go beyond that. :/ |
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rampalija
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October 31, 2013, 12:00:05 AM |
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around 500 000 000
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Vlad2Vlad
Legendary
Offline
Activity: 3052
Merit: 1530
www.ixcoin.net
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November 01, 2013, 08:00:59 PM |
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Next difficulty will surpass 500 million and by Christmas we'll be over 1.2 billion.
In other words, every unit being shipped [late] by butterfly labs right now will never see a profit.
Paper weights!
The reason most people are on the low side is that they're not taking into account the massive recent spike in Bitcoin Price [which will keep surging into Christmas and New Year] and also the global attention [and legitimacy] brought to Bitcoin due to the closure of Silk Road.
We probably now have a few million new entrants which nobody is aware of, and that number will sky rocket next year with the Bitcoin ETF.
So both of these factors [and soon the Bitcoin ETF] will greatly accelerate the difficulty rate as millions more people buy ASICS, which will consistently put a massive downward pressure on Scrypt coins which means Litecoin et al are doomed.
But I digress...
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iXcoin - Welcome to the F U T U R E! |
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rampalija
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November 01, 2013, 08:03:56 PM |
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Next difficulty will surpass 500 million and by Christmas we'll be over 1.2 billion.
In other words, every unit being shipped [late] by butterfly labs right now will never see a profit.
Paper weights!
The reason most people are on the low side is that they're not taking into account the massive recent spike in Bitcoin Price [which will keep surging into Christmas and New Year] and also the global attention [and legitimacy] brought to Bitcoin due to the closure of Silk Road.
We probably now have a few million new entrants which nobody is aware of, and that number will sky rocket next year with the Bitcoin ETF.
So both of these factors [and soon the Bitcoin ETF] will greatly accelerate the difficulty rate as millions more people buy ASICS, which will consistently put a massive downward pressure on Scrypt coins which means Litecoin et al are doomed.
But I digress...
can difficulty of BTC decrease |
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Vlad2Vlad
Legendary
Offline
Activity: 3052
Merit: 1530
www.ixcoin.net
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November 01, 2013, 08:06:16 PM |
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Next difficulty will surpass 500 million and by Christmas we'll be over 1.2 billion.
In other words, every unit being shipped [late] by butterfly labs right now will never see a profit.
Paper weights!
The reason most people are on the low side is that they're not taking into account the massive recent spike in Bitcoin Price [which will keep surging into Christmas and New Year] and also the global attention [and legitimacy] brought to Bitcoin due to the closure of Silk Road.
We probably now have a few million new entrants which nobody is aware of, and that number will sky rocket next year with the Bitcoin ETF.
So both of these factors [and soon the Bitcoin ETF] will greatly accelerate the difficulty rate as millions more people buy ASICS, which will consistently put a massive downward pressure on Scrypt coins which means Litecoin et al are doomed.
But I digress...
can difficulty of BTC decrease Of course. If people choose to mine something else or just turn off their ASICS then the difficulty will go down. |
iXcoin - Welcome to the F U T U R E! |
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rampalija
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November 01, 2013, 08:07:21 PM |
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Next difficulty will surpass 500 million and by Christmas we'll be over 1.2 billion.
In other words, every unit being shipped [late] by butterfly labs right now will never see a profit.
Paper weights!
The reason most people are on the low side is that they're not taking into account the massive recent spike in Bitcoin Price [which will keep surging into Christmas and New Year] and also the global attention [and legitimacy] brought to Bitcoin due to the closure of Silk Road.
We probably now have a few million new entrants which nobody is aware of, and that number will sky rocket next year with the Bitcoin ETF.
So both of these factors [and soon the Bitcoin ETF] will greatly accelerate the difficulty rate as millions more people buy ASICS, which will consistently put a massive downward pressure on Scrypt coins which means Litecoin et al are doomed.
But I digress...
can difficulty of BTC decrease Of course. If people choose to mine something else or just turn off their ASICS then the difficulty will go down. maybe that will happen sometime in near future, when ppl stop buying their miners and quit mining cuz of ROI |
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