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Author Topic: Who's excited about the difficulty drop?  (Read 3197 times)
the founder (Bitcoin)
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August 06, 2011, 10:41:41 PM
 #1

 Grin

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Sukrim
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August 06, 2011, 10:50:07 PM
 #2

Still not enough at the current price to make mining profitable again for most people I guess, so I expect higher drops until the price either rebounds or settles down (then difficulty will reset to whatever level is reasonable). See the graphs in my signature for comparison.

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August 06, 2011, 11:11:22 PM
 #3

I am at least glad to see it doesn't appear to be heading for an increase again! 

However, since I have added power this round that confirms that that at lease that many people have quit, whatever their reason.  I will probably mine even if it does become unprofitable in the same way I used to crunch numbers for BOINC projects, however, if I am not making money at it, I won't be breaking my neck to get miners back on when they crash or have a power loss!
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August 06, 2011, 11:24:15 PM
 #4

I would think that as people see the difficulty dropping, some will likely take advantage of that and order more GPU's, which would then probably cause a small increase on the next retarget.

I'm certainly not pulling out - I'm only hashing away with 950mh/s at the moment but by the time we hit the next difficulty i should be at atleast 2.4gh/s, so a drop in difficulty will go down nicely and i'll probably build up to 3.3gh/s by the next difficulty change.

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August 06, 2011, 11:34:42 PM
 #5

You really should think about quiting mining. it is a dumb waste of a perfectly good video card and there are cool games coming out like the new battlefield and you are probably going to want to check that out, besides the cops already think you are growing pot in there, it is only a matter of time. Really I think your best bet is to get out of mining.  Cool

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mike678
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August 06, 2011, 11:44:15 PM
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You really should think about quiting mining. it is a dumb waste of a perfectly good video card and their are cool games coming out like the new battlefield and you are probably going to want to check that out, besides the cops already think you are growing pot in there, it is only a matter of time. Really I think your best bet is to get out of mining.  Cool
What he said lol so go away quickly!
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August 07, 2011, 12:24:59 AM
 #7

To be honest, even if there is a difficultly drop, it won't be a 50% drop as we've basically seen with bitcoin's value. There's no guarantee we'll even recover (remember, we haven't hit $30/coin since that crash). Pretty sad indeed.  Sad
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August 07, 2011, 12:27:21 AM
 #8

It's still profitable, at least for most people in US paying 11 cents per watt. I see no reason to stop mining.

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joulesbeef
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August 07, 2011, 12:52:31 AM
 #9

It's still profitable, at least for most people in US paying 11 cents per watt. I see no reason to stop mining.

Shut your mouth and besides you are making global warming worse.  Will someone please think of the polar bears.



stop mining you are killing him

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August 07, 2011, 12:53:24 AM
 #10

It's still profitable, at least for most people in US paying 11 cents per watt. I see no reason to stop mining.

Shut your mouth and besides you are making global warming worse.  Will someone please think of the polar bears.



stop mining you are killing him

nice picture ^^
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August 07, 2011, 12:56:38 AM
 #11

It's still profitable, at least for most people in US paying 11 cents per watt. I see no reason to stop mining.

Shut your mouth and besides you are making global warming worse.  Will someone please think of the polar bears.



stop mining you are killing him

Sorry for killing your bear. If I don't mine, I'll have to sell the cards and somebody else will probably kill your bear as well LOL

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August 07, 2011, 01:08:14 AM
 #12

It's still profitable, at least for most people in US paying 11 cents per watt. I see no reason to stop mining.

Shut your mouth and besides you are making global warming worse.  Will someone please think of the polar bears.



stop mining you are killing him

He had it coming

http://planetsave.com/2011/08/06/polar-bear-kills-teenage-boy/

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August 07, 2011, 01:12:39 AM
 #13

Quote

kid was probably a miner. now it is getting dangerous to mine as the polar bears are getting pissed off at being wet all the time

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August 07, 2011, 01:26:30 AM
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no one gives a shit about animals. They're not important like video cards and power supplies.
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August 07, 2011, 01:38:17 AM
 #15

no one gives a shit about animals. They're not important like video cards and power supplies.


This...

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August 07, 2011, 02:20:43 AM
 #16

no one gives a shit about animals. They're not important like video cards and power supplies.

power supplies like video cards, need a period of resting to perform at optimal efficiency. Some say if you let them cool down for 2 weeks by keeping them off and in your freezer, you will get 3x the hash rate for a month.


I would try it but i care about polar bears

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August 07, 2011, 02:37:35 AM
 #17

no one gives a shit about animals. They're not important like video cards and power supplies.

power supplies like video cards, need a period of resting to perform at optimal efficiency. Some say if you let them cool down for 2 weeks by keeping them off and in your freezer, you will get 3x the hash rate for a month.


I would try it but i care about polar bears

The following "Great minds" are currently rolling in their collective graves due to your comment.

Albert Einstein
Nikola Tesla
Georg Simon Ohm
Sir Issac Newton

forgetting anyone?

flyswatta
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August 07, 2011, 02:56:12 AM
 #18


power supplies like video cards, need a period of resting to perform at optimal efficiency. Some say if you let them cool down for 2 weeks by keeping them off and in your freezer, you will get 3x the hash rate for a month.

This is really real.  My cousin's aunt's nephew did it to their video card and it got an extra 150 MH/s!
BadPenny
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August 07, 2011, 03:02:30 AM
 #19

no one gives a shit about animals. They're not important like video cards and power supplies.

power supplies like video cards, need a period of resting to perform at optimal efficiency. Some say if you let them cool down for 2 weeks by keeping them off and in your freezer, you will get 3x the hash rate for a month.


I would try it but i care about polar bears

The following "Great minds" are currently rolling in their collective graves due to your comment.

Albert Einstein
Nikola Tesla
Georg Simon Ohm
Sir Issac Newton

forgetting anyone?

Thaddeus S. C. Lowe?  How about J.B. Sutherland?

I owe my soul to the company store.
release
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August 07, 2011, 03:04:03 AM
 #20

no one gives a shit about animals. They're not important like video cards and power supplies.

power supplies like video cards, need a period of resting to perform at optimal efficiency. Some say if you let them cool down for 2 weeks by keeping them off and in your freezer, you will get 3x the hash rate for a month.


I would try it but i care about polar bears
Yeah, and so do cinder blocks, and door stops. I have an industrial freezer for orange traffic cones.

Also, freezers are terrible for polar bears because they use kilowatts of energy.
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