50.8 Million Difficulty

[millsdmb]

This is the biggest increase ever, right?

[crazyates]

This is the biggest increase ever, right?

Number wise? Probably. Don't think we've never jumped 10 million before! Percentage wise, I'm not sure That's about a 25-30% jump, which I'm pretty sure we've been close to before.

[driksson]

wait.. its not done yet.. it will settle on 55 tomorrow. (look all past updates, happened over a set of hours)

[zvs]

absolute value, yeah.  percentage, no.  

it capped on block 68544,  went from 45 to 181

[P_Shep]

BOOM!

At this rate, my BFL asics will be unprofitable by the end of the year.

[af_newbie]

BOOM!

At this rate, my BFL asics will be unprofitable by the end of the year.

Yeah, my mini rig btc per day just went to ~BTC5 from BTC6.4  That is huge.
Next estimate is 86M, crazy numbers...That would put GPUs and FPGAs to rest.

Forget Avalons and BFL singles...,  you need bitfury, cheap, and lots of them...

Avalons making ~BTC4 a week now.

[driksson]

BOOM!

At this rate, my BFL asics will be unprofitable by the end of the year.

Yeah, my mini rig btc per day just went to ~BTC5 from BTC6.4  That is huge.
Next estimate is 86M, crazy numbers...That would put GPUs and FPGAs to rest.

Forget Avalons and BFL singles...,  you need bitfury, cheap, and lots of them...

Avalons making ~BTC4 a week now.

Look historically, always someone powered on some hardware around new diff update to offset the numbers.. i believe it to be asicminer..
anyway, this update will land on 55 i think. and the upcoming update will settle on much less than next estimate in a few days.
but it is for sure alarming with this much hashpower out there..

[zvs]

BOOM!

At this rate, my BFL asics will be unprofitable by the end of the year.

Yeah, my mini rig btc per day just went to ~BTC5 from BTC6.4  That is huge.
Next estimate is 86M, crazy numbers...That would put GPUs and FPGAs to rest.

Forget Avalons and BFL singles...,  you need bitfury, cheap, and lots of them...

Avalons making ~BTC4 a week now.

Look historically, always someone powered on some hardware around new diff update to offset the numbers.. i believe it to be asicminer..
anyway, this update will land on 55 i think. and the upcoming update will settle on much less than next estimate in a few days.
but it is for sure alarming with this much hashpower out there..

55?  no way, this huge quantity of ASIC stuff that ppl are paying way too much for, keeps selling out.  why would hash rate drop?

what are they going to do with it except mine bitcoins?

yeah, i wouldnt expect it to go to 75million, but it'll probably be 65m

[crazyates]

Yeah, my mini rig btc per day just went to ~BTC5 from BTC6.4  That is huge.
Next estimate is 86M, crazy numbers...That would put GPUs and FPGAs to rest.

It's too soon to be estimating the next diff recalc. I saw one "estimate" that pit it at 110Million. They're not accurate at all until we get a week or so from now.

[driksson]

BOOM!

At this rate, my BFL asics will be unprofitable by the end of the year.

Yeah, my mini rig btc per day just went to ~BTC5 from BTC6.4  That is huge.
Next estimate is 86M, crazy numbers...That would put GPUs and FPGAs to rest.

Forget Avalons and BFL singles...,  you need bitfury, cheap, and lots of them...

Avalons making ~BTC4 a week now.

Look historically, always someone powered on some hardware around new diff update to offset the numbers.. i believe it to be asicminer..
anyway, this update will land on 55 i think. and the upcoming update will settle on much less than next estimate in a few days.
but it is for sure alarming with this much hashpower out there..

55?  no way, this huge quantity of ASIC stuff that ppl are paying way too much for, keeps selling out.  why would hash rate drop?

what are they going to do with it except mine bitcoins?

yeah, i wouldnt expect it to go to 75million, but it'll probably be 65m

didnt past updates happend in steps? like over a set of hours? thats what it looks like on http://mining.thegenesisblock.com/..
this would then mean 50 is first step, and 55 would be our current. but i might be wrong.
Also i meant upcoming foreseen update will settle on much less than the 88 it is expected to be now. not next update on 55.

[baritus]

It looks like we'll go straight to the 60 millions in difficulty. Bye bye 50 million.