johnyj (OP)
Legendary
 Offline
Activity: 1988
Merit: 1012
Beyond Imagination
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October 26, 2013, 10:52:33 AM |
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A whopping 46% raise, only before the first rally to $30 I can find such large jump in difficulty  |
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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October 26, 2013, 11:47:18 AM |
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Win some lose some!
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TERA
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October 26, 2013, 11:51:26 AM |
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Do people speculate that this affects the price somehow?
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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October 26, 2013, 11:53:44 AM |
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Do people speculate that this affects the price somehow?
It affects supply and demand...ie price. |
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TERA
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October 26, 2013, 11:55:08 AM |
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So... up into a 2011 style bubble?
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Endgame
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October 26, 2013, 12:09:35 PM |
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Good news for bitcoin network security. Bad news for individual miners.
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wobber
Legendary
Offline
Activity: 1064
Merit: 1001
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October 26, 2013, 03:59:55 PM |
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Why doesn't DIFFICULTY affects price? Any TL;DR?
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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theonewhowaskazu
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October 26, 2013, 04:15:48 PM |
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And this is why mining is felling more and more like jumping into quicksand.
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reactive4ce
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October 26, 2013, 04:41:06 PM |
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Why doesn't DIFFICULTY affects price? Any TL;DR?
I believe difficulty affects price, the harder it is to get the BTC the more valuable BTC is for me |
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os2sam
Legendary
Offline
Activity: 3578
Merit: 1090
Think for yourself
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October 26, 2013, 05:10:35 PM |
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Any TL;DR?
What the heck does tl;dr mean? |
A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
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Taras
Legendary
Offline
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
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October 26, 2013, 05:11:33 PM |
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Any TL;DR?
What the heck does tl;dr mean? Too long; didn't read. |
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os2sam
Legendary
Offline
Activity: 3578
Merit: 1090
Think for yourself
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October 26, 2013, 05:21:53 PM |
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Any TL;DR?
What the heck does tl;dr mean? Too long; didn't read. Thanks |
A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
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IYFTech
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October 26, 2013, 05:55:34 PM |
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I never did understand text speak......  And yeah, the diff is a real bummer eh? |
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Xyver
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October 26, 2013, 06:37:35 PM |
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I thought difficulty was limited to +/- 40% per jump...
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malevolent
can into space
Legendary
Offline
Activity: 3472
Merit: 1721
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October 26, 2013, 08:58:44 PM |
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I thought difficulty was limited to +/- 40% per jump...
It can increase or decrease by as much as a factor of four. |
Signature space available for rent.
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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October 26, 2013, 10:09:31 PM |
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I thought difficulty was limited to +/- 40% per jump...
It can increase or decrease by as much as a factor of four. not 40% but rather 400% up or down. |
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malevolent
can into space
Legendary
Offline
Activity: 3472
Merit: 1721
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October 27, 2013, 01:12:38 AM |
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I thought difficulty was limited to +/- 40% per jump...
It can increase or decrease by as much as a factor of four. not 40% but rather 400% up or down. 300% up or 75% down |
Signature space available for rent.
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DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
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October 27, 2013, 01:17:37 AM |
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Why doesn't DIFFICULTY affects price? Any TL;DR?
Supply remains the same regardless of changes in difficulty. New production remains the same regardless of difficulty. Now price does affect supply. When price goes up miners profits (in USD) increase and their electrical costs denominated in BTC decrease. This fuels more hardware purchases and difficulty rises. If prices falls then marginal miners (least efficient gear and higher energy cost) get squeezed and eventually turn off rigs so difficulty declines until price rises enough that they are profitable again .... and the cycle goes on. |
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beegatewood
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October 27, 2013, 02:02:07 AM |
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Why doesn't DIFFICULTY affects price? Any TL;DR?
Because miners and investor are two different categories. Although difficulty does correlated somehow. Like the difficulty is too high I might as well buy BTC  |
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TheDragonSlayer
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October 27, 2013, 03:49:21 AM |
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The real hike is coming when they ship 2 THs ASIC
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