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Author Topic: Once again, Holy difficulty jump, Batman!!!!  (Read 6841 times)
timk225
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October 16, 2013, 04:02:59 PM
 #1

Oh Snap.  189 million to 267 million in one difficulty adjustment.  I was thinking it'd go to maybe 220 or 230, I was surprised.

4 Ghash worth of mining power will get you 0.0075 BTC per day.  That's $1.13 worth of BTC, assuming a price of $150 per BTC.

Until the next adjustment, when it'll get worse!

Are you regretting buying those ASICs and especially those damn USB Eruptors yet?  The Eruptor makers thank you for your money!
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ishkur
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October 16, 2013, 04:54:09 PM
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holy ****

next jump over 400million for sure
GigaWave
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October 16, 2013, 09:53:12 PM
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And people complain because they are losing money......never ceases to amaze.  If you didn't see this coming, you have no one to blame but yourself. It has been covered extensively for months..(almost a year at this point) that this would happen.
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October 16, 2013, 10:09:10 PM
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And people complain because they are losing money......never ceases to amaze.  If you didn't see this coming, you have no one to blame but yourself. It has been covered extensively for months..(almost a year at this point) that this would happen.

The real kick in the teeth is that people have been waiting for many months (or over a year) for hardware that was promised to have shipped long ago - when it was going to be worth something!  This difficulty rise is just pouring salt in the wounds for many people...

Alas, the ability to print money is relegated to the rich yet again...  go figure.

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October 16, 2013, 10:12:44 PM
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If all that hardware had shipped before guess what the difficulty would have jumped more before now.  Remember this is a self adjusting system only the biggest badest and first to hit gets a real payoff.
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October 16, 2013, 10:23:47 PM
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And people complain because they are losing money......never ceases to amaze.  If you didn't see this coming, you have no one to blame but yourself. It has been covered extensively for months..(almost a year at this point) that this would happen.
Alas, the ability to print money is relegated to the rich yet again...  go figure.

This.

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hulk
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October 17, 2013, 12:48:48 AM
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The problem is, only half KNCminer have shipped, what happen when another half does?

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October 17, 2013, 01:00:43 AM
 #8

So if none of us are getting the GH's then where is all of it coming from?

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October 17, 2013, 01:14:42 AM
 #9

So if none of us are getting the GH's then where is all of it coming from?

none?  lols
Plenty of people are getting their miners.

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October 17, 2013, 03:24:32 AM
 #10

So if none of us are getting the GH's then where is all of it coming from?

KNCminer shipped at least half their pre-orders. What do you mean none getting GH's?

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October 17, 2013, 07:16:24 AM
 #11

Really holy shit jump

crudpuppy
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October 17, 2013, 01:41:27 PM
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Yep lots of power hit the market with KNC thus this increase.  Next big asic release will see more increase of the same.  Only way to stay on top is to buy early and buy big which for me is WAY out of the question :-)
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October 17, 2013, 01:48:53 PM
 #13

Better to stick with GPUs and move to alt coins, still end up with more bitcoins in the end.

Been waiting 7 months for my BFL order, asked for a refund. Angry

I'll stick to scrypt mining. Grin

Dime 7Q3cZtyJemmE8pJsrYgX24mHnkqZX6M6hP
BTC 18vbvovBeM5ZTZqR5ZWAy75EXE7qTNipuo
Mooncoin 2QgyivUMa7Zun6oPdxeE1yry1aNp5hqrDb
LTC Lg3UYGCAe3Tb146PiMqeGNLR7bnjdM447d
Doge DPd1XejW8TabJu5gfjyKnuQYQ9Vzw1anXN
superresistant
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October 17, 2013, 02:12:25 PM
 #14

The difficulty doesn't matter as long as people buy the hardware without looking at it.

Here's my bag so you don't ask : Bitcoin, tenX, iexec, byteball and pepecash
GigaWave
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October 17, 2013, 02:20:32 PM
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And people complain because they are losing money......never ceases to amaze.  If you didn't see this coming, you have no one to blame but yourself. It has been covered extensively for months..(almost a year at this point) that this would happen.

The real kick in the teeth is that people have been waiting for many months (or over a year) for hardware that was promised to have shipped long ago - when it was going to be worth something!  This difficulty rise is just pouring salt in the wounds for many people...

Alas, the ability to print money is relegated to the rich yet again...  go figure.

Anyone that bought BFL equipment after BFL missed it's ship date can only be mad at them selves.
Anyone that Avalon bought after batch 2, can only blame them selves.
Anyone that bought any ASICMINER equipment..well i'll be surprised if they made any ROI, if not, guess whose to blame if you cant do simple math?
Anyone that bought BFL when the BTC price skyrocketed and BFL raised their price......what was that I said about people never ceasing to amazing...

Anyone that has bought anything from the newest manufactures...well I guess the odds are a little bit more in peoples favor, but I bet many failed on the math and will be lucky to break even. That is unless if you are in the very beginning of a new product line, those are the people that will make something, but nothing like Avalon batch 1 people made out, which will likely not happen again unless Quantum computing or something of the sort becomes main stream. And the funny thing is this has happened now multiple times and I bet many still won't see this trend and will buy at the wrong time. Seems it doesn't matter how many times it is spelled out, people just keep buying blindly.  And in case it isn't blindly clear, the ship has already sailed for 28NM products, if you have a really fast speed boat, you may be able to catch up to the ship(not a ordinary ship, it's a speed boat in itself), but the pickings are already slim. But if you have said speed boat, their is other things it would be better used for.
GigaWave
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October 17, 2013, 02:21:15 PM
 #16

The difficulty doesn't matter as long as people buy the hardware without looking at it.

Says the person selling Miners......
timk225
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October 17, 2013, 03:29:34 PM
 #17

I told you all months ago, the ASIC manufacturers had the ASICS long ago, they kept them and mined with them to make more money, then they shipped them to the people who pre-ordered them the year before.

They made money + money, and I can't blame them because I'd do the same thing.  They'd be idiots not to do it.
wpgdeez
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October 17, 2013, 03:43:40 PM
 #18

If they were all mining with them the difficulty would have gone up long ago and wouldn't be increasing like it is.
timk225
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October 17, 2013, 03:52:45 PM
 #19

Do not ruin my conspiracy theory with logic!!!!! Roll Eyes

There were far fewer ASICS at the start of the year and in the spring and summer.  The ASIC manufacturers used them for their own profit.
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October 17, 2013, 04:10:51 PM
 #20

If they were all mining with them the difficulty would have gone up long ago and wouldn't be increasing like it is.

Haha simple as that.

Here's my bag so you don't ask : Bitcoin, tenX, iexec, byteball and pepecash
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