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Author Topic: Can we turn Bitcoin Mining around this summer?  (Read 761 times)
Exo
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July 15, 2011, 11:07:45 PM
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Do you think we are able to turn Bitcoin Mining around this summer? Meaning difficulty decreasing?

/discuss
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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin-Qt is the only known safe implementation of a full node. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and MultiBit are OK.)
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1984
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July 15, 2011, 11:17:47 PM
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There's some good discussions about this already, http://forum.bitcoin.org/?topic=4339.0 for example. Personally I doubt it as hardware costs decrease and new more capable hardware is made available the amount of mining is likely to increase or at least remain constant. BTW it's only summer on half of the planet.
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July 15, 2011, 11:33:52 PM
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There's some good discussions about this already, http://forum.bitcoin.org/?topic=4339.0 for example. Personally I doubt it as hardware costs decrease and new more capable hardware is made available the amount of mining is likely to increase or at least remain constant. BTW it's only summer in half on half of the planet.

Thanks for linking this, it helped clear up some information. I forgot about half the planet Tongue
statix
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July 16, 2011, 02:56:55 AM
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Those who have invested in rigs would not have them powered off even if they can cook a chicken in the house. I don't see difficulty dropping, but will anticipate a much slower rate of increase.

BTW, I'm mining near the equator. It's summer all year round here.
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July 16, 2011, 03:35:27 AM
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It's not summer everywhere... But my bet also goes to slower increase.
RandyFolds
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July 16, 2011, 05:34:19 AM
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Next jump is in four days and it's looking to be about the same as the last...I have a hard time envisioning it going down...
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July 16, 2011, 02:05:52 PM
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Next jump is in four days and it's looking to be about the same as the last...I have a hard time envisioning it going down...

I agree with Randy, I also have a hard time seeing the difficulty go down.
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