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Author Topic: Difficulty is going even more higher soon.  (Read 795 times)
SHlFT
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July 27, 2011, 03:43:00 AM
 #1

Difficulty going to be @ 1,805,091 in 863 blocks.

So thats even less money mining for bitcoins  Shocked

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ableorange
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July 27, 2011, 06:23:19 AM
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Buy your bitcoins now. They will be rare soon!
SHlFT
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July 27, 2011, 06:42:32 AM
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Soon it'll be at 3 million  Shocked

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July 27, 2011, 06:42:37 AM
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More higher, so should I multiply twice? Grammar ftw.

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July 27, 2011, 07:31:17 AM
 #5

Buy your bitcoins now. They will be rare soon!
And how would that be? Coins will (on average) be generated every 10 minutes and until we reach block 210,000 it will always be 50 of them. Difficulty goes up (or down) to ensure just that. Right now there are slightly more than 300 coins produced per hour, that's why the difficulty estimate is pointing upwards.

But yeah, unless you're just mining for fun or want to invest in a serious 1+ GH/s rig, don't get into mining. At least do some calculations on your own with realistic scenarios!

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July 27, 2011, 08:07:06 AM
 #6

When is this difficulty jump happening?
Yeti
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July 27, 2011, 09:02:29 AM
 #7

At block 139,104 making it the 69th difficulty change, which occurs every 2016 blocks.
822 blocks to go, which is roughly 100 - 140 hours from now.

Edit: See http://dot-bit.org/tools/nextDifficulty.php for estimates on when and how the next change occurs.

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July 27, 2011, 09:20:18 AM
 #8

its actually gonna be at 1'987'023.11

Acoording to that site

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like no other.


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July 27, 2011, 09:23:10 AM
 #9

But if the price went up it will compensate that right?  Grin
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July 27, 2011, 02:53:39 PM
 #10

But if the price went up it will compensate that right?  Grin

That's what we want...  Wink
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July 27, 2011, 03:24:34 PM
 #11

I think as long as more people join mining, the price will go down, until more people quit mining and only those with many rigs and free electricity can still keep the mining, thus bring the difficulty to a stable level

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October 02, 2012, 06:54:40 AM
 #12

funny you mention this in past. now diff is much higher but mining still shows same profit count Smiley))
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