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Kermee (OP)
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August 06, 2011, 06:27:31 AM |
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Current Blocks: 139811
Current Difficulty: 1888786.7053531
Next Difficulty At Block: 141119
Next Difficulty In: 1308 blocks
Next Difficulty In About: 1 week, 2 days, 2 hours, 43 minutes, and 36 seconds
Next Difficulty Estimate: 1886589.36771935
Cheers,
Kermee
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the founder (Bitcoin)
Newbie
 Offline
Activity: 14
Merit: 0
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August 06, 2011, 06:34:32 AM |
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Current Blocks: 139811
Current Difficulty: 1888786.7053531
Next Difficulty At Block: 141119
Next Difficulty In: 1308 blocks
Next Difficulty In About: 1 week, 2 days, 2 hours, 43 minutes, and 36 seconds
Next Difficulty Estimate: 1886589.36771935
Cheers,
Kermee
A negative difficulty? Whoa, I've been waiting for this for a LOOOOOOOOOOOONNNNNNNNNNNNNNNNGGGGGG time. Now the network won't be able to mine ANY blocks!  |
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Kermee (OP)
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August 06, 2011, 06:36:40 AM |
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A negative difficulty? Whoa, I've been waiting for this for a LOOOOOOOOOOOONNNNNNNNNNNNNNNNGGGGGG time. Now the network won't be able to mine ANY blocks!
You solve more blocks by turning miners OFF!Corrected title  And new estimate: 1884022.57506567 (-0.25%) Everyone moving to NMC? Cheers, Kermee |
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Jack of Diamonds
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August 06, 2011, 07:33:30 AM |
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It might finally drop a bit because at current price levels casual miners are out of the game. A typical miner with a 300mhash card is only making $1.6 per day before electricity.. Minus pool luck, exchange rate fluctuations, etc.
Casuals used to be a pretty big part of the mining force.
The only people left are those who will mine regardless of profits or electricity costs, and farms which are still profitable due to the sheer amount of hashing power (worthwhile to keep the machines running)
I'll keep mining even at 3m difficulty because I believe $9 is a grossly undervalued price. It'll eventually go up significantly, no matter if that's 2 weeks, 2 months or 2 years.
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1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
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hi
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August 06, 2011, 07:34:18 AM |
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Lot of people are selling their rigs and cards. With costs of electricity, undervalued price of btc, all the hackings and just time to keep rigs running--have caused many to say bye bye.
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RandyFolds
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August 06, 2011, 08:21:11 AM |
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Lot of people are selling their rigs and cards. With costs of electricity, undervalued price of btc, all the hackings and just time to keep rigs running--have caused many to say bye bye.
Where are they selling? Ebay, Craigslist and the Goods section here have not shown a significant uptick in listings for GPUs or rigs. |
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Remember remember the 5th of November
Legendary
Offline
Activity: 1862
Merit: 1011
Reverse engineer from time to time
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August 06, 2011, 09:22:59 AM |
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A negative difficulty? Whoa, I've been waiting for this for a LOOOOOOOOOOOONNNNNNNNNNNNNNNNGGGGGG time. Now the network won't be able to mine ANY blocks!
You solve more blocks by turning miners OFF!Corrected title And new estimate: 1884022.57506567 (-0.25%) Everyone moving to NMC?Cheers, Kermee Already have |
BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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hi
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August 06, 2011, 10:12:49 AM |
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Lot of people are selling their rigs and cards. With costs of electricity, undervalued price of btc, all the hackings and just time to keep rigs running--have caused many to say bye bye.
Where are they selling? Ebay, Craigslist and the Goods section here have not shown a significant uptick in listings for GPUs or rigs. A cursory check of the Goods section of just this forum shows that 22% of the listings on the front page are for selling rigs or video cards. The difficulty does not decrease due to more hashing power being added  |
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7iain7
Newbie
Offline
Activity: 45
Merit: 0
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August 06, 2011, 10:27:31 AM |
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i turned my miners of after mybitcoin went down. I had 6 5850ati running for month's I live in England so heat was not so much of a problems ,noise was though and the electric bill. I don't feel its worth the effort anymore. i am gutted that i have lost my bitcoins.
But shit happens and i still think bitcoins are a great idea.
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Kermee (OP)
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August 06, 2011, 07:57:30 PM |
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1864707.34482746 (-1.27%)
Looks like we might actually drop...
Cheers,
Kermee
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SmokeAndMirrors
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August 06, 2011, 08:40:38 PM |
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Where are you guys getting this info? I've always blindly regarded bitcoincharts.com's estimations and they're saying Estimated 1922292 in 1232 blks Every site I've seen says relatively the same thing, but none of them say less than 1900000 for next increase. |
Help Bitcoins by buying clothes, technology, books, etc. through people/stores that accept BTC. This will increase overall value of BTC as well as mitigate unnecessary bank transaction fees.
My address -
1EM9HGg1SEa5Bux1rVEPxGqGSfNTTc9EkC
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geek-trader
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August 06, 2011, 08:45:48 PM |
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Where are you guys getting this info? I've always blindly regarded bitcoincharts.com's estimations and they're saying Estimated 1922292 in 1232 blks Every site I've seen says relatively the same thing, but none of them say less than 1900000 for next increase. |
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SmokeAndMirrors
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August 06, 2011, 08:59:45 PM |
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According to that site, it says next diff will be 1'735'592.65
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Help Bitcoins by buying clothes, technology, books, etc. through people/stores that accept BTC. This will increase overall value of BTC as well as mitigate unnecessary bank transaction fees.
My address -
1EM9HGg1SEa5Bux1rVEPxGqGSfNTTc9EkC
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Kermee (OP)
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August 06, 2011, 09:08:09 PM |
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Where are you guys getting this info? I've always blindly regarded bitcoincharts.com's estimations and they're saying Estimated 1922292 in 1232 blks Every site I've seen says relatively the same thing, but none of them say less than 1900000 for next increase. Cheers, Kermee |
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Bengel
Newbie
Offline
Activity: 24
Merit: 0
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August 06, 2011, 09:39:47 PM |
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Looks like there might be a need for a new site I'm developing! Here's a snip... https://i.imgur.com/aqlvu.png |
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hmblm1245
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August 07, 2011, 12:30:03 AM |
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Looks like there might be a need for a new site I'm developing! Here's a snip...  Looks good link us when ready. |
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Kermee (OP)
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August 15, 2011, 11:59:36 PM |
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1805700.8361937
Looks like it was a 4.4% drop.
Cheers,
Kermee
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westkybitcoins
Legendary
Offline
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
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August 16, 2011, 06:08:36 AM |
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1805700.8361937
Looks like it was a 4.4% drop.
Cheers,
Kermee
The estimate for the next drop seems much lower than I would have thought: 1565638.73312961 Anyone know if such a low estimate is normal for a while after a difficulty change, or has the network really lost that much hashing power? |
Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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Kermee (OP)
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August 16, 2011, 06:11:36 AM |
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The estimate for the next drop seems much lower than I would have thought:
1565638.73312961
Anyone know if such a low estimate is normal for a while after a difficulty change, or has the network really lost that much hashing power?
There's not enough 'sample' data yet. Even before the difficulty change, a lot of pools were having 'bad luck' and it's been continuing after the change so the average # of blocks being solved per hour was lower than 6 which would make it appear that a ton of hashing power has left. I'd wait at least another 24 hours to actually get a 'gauge'... Cheers, Kermee |
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westkybitcoins
Legendary
Offline
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
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August 16, 2011, 06:39:17 AM |
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The estimate for the next drop seems much lower than I would have thought:
1565638.73312961
Anyone know if such a low estimate is normal for a while after a difficulty change, or has the network really lost that much hashing power?
There's not enough 'sample' data yet. Even before the difficulty change, a lot of pools were having 'bad luck' and it's been continuing after the change so the average # of blocks being solved per hour was lower than 6 which would make it appear that a ton of hashing power has left. I'd wait at least another 24 hours to actually get a 'gauge'... Cheers, Kermee Makes sense. For some reason
I thought the estimates were all based on the last X blocks, rather than the blocks since the last difficulty change. |
Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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