Who's excited about the difficulty drop?

[the founder (Bitcoin)]

 

[1714000512]

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[1714000512]

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[1714000512]

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[1714000512]

1714000512

[Sukrim]

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.

[Jarredm]

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!

[afro25]

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.

[joulesbeef]

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.  

[mike678]

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. 

What he said lol so go away quickly!

[xjosx]

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. 

[pennytrader]

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

[joulesbeef]

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

[Bitcoinreminder.com]

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 ^^

[pennytrader]

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

[msb8r]

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/

[joulesbeef]

He had it coming

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

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

[release]

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

[teflone]

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

This...

[joulesbeef]

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

[shakaru]

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]

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]

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?

[release]

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.

[Starlightbreaker]

better use those kilowatts for powering mining equipments.

[Swishercutter]

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

Hmmm...I wonder what Polar bear tastes like.  I bet its got a gamey, fishy kinda taste.

[Houseonfire]

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 ^^

Nice? That's one of the saddest things I've seen. That poor bear...


And it's unlikely many people will just stop mining. As long as theres a little trickle of profit.. there will be mining for it.

[stryker]

noticed the network has recently dipped below 11thash/s and the graph is generally heading down.... bye bye part timers :-)

[Bitcoin_Silver_Supply]

better use those kilowatts for powering mining equipments.

Ethical questions aside, excellent avatar sir.

[joulesbeef]

Ethical questions aside, excellent avatar sir.

besides quiting mining, I'm going to have to ask you to ignore and forget you have ever seen his avatar, thank you.

[Bitcoin_Silver_Supply]

Ethical questions aside, excellent avatar sir.

besides quiting mining, I'm going to have to ask you to ignore and forget you have ever seen his avatar, thank you.

I don't even remember what an avatar is.

[BTC_Junkie]

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

Haha that picture was awesome. Thanks.

[boss cat]

woot! i just started. but the prices are really crappy and if they continue i see the diff dropping more. isn't price supposed to follow diff?

[OgNasty]

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.

Nice logic...  I'm sure people are running to add capacity to the network now that it's going to drop 8%...  Who cares that the price of bitcoins has fallen like 30% since the last difficulty.  You can get more coins now!!!  They aren't worth as much as before the difficulty started dropping, but still... More coins!!!

[mike678]

Nice logic...  I'm sure people are running to add capacity to the network now that it's going to drop 8%...  Who cares that the price of bitcoins has fallen like 30% since the last difficulty.  You can get more coins now!!!  They aren't worth as much as before the difficulty started dropping, but still... More coins!!!

I'm not going to add any more miners for awhile but If you think bitcoins is going to be successful in the long run there's nothing wrong with this thinking. Just don't expect good profits short term.