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Projected BitCoin difficulty drop
Poll
Question:
Do you think the difficulty will continue to drop? (Voting closed: August 30, 2011, 03:39:54 AM)
Yes
7 (63.6%)
No
4 (36.4%)
Total Voters: 11
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Topic: Projected BitCoin difficulty drop (Read 2458 times)
xylo
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Re: Projected BitCoin difficulty drop
August 16, 2011, 01:15:54 AM
#21
Quote from: simonk83 on August 15, 2011, 11:50:08 PM
Current difficulty: 1805700.8361937, Estimated difficulty: 7222827.06887830, 300% increase in 2015 blocks, 1w 6day 23hr 50min 0se
Oh dear....
1802901 in 2009 blks
I'll give you a hint that's less than the decrease. Did you put in too many 2s or something?
ElectricMucus
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Re: Projected BitCoin difficulty drop
August 16, 2011, 04:17:16 AM
#22
Well you can overlay the computing power graph with the google trends graph, just time-delayed...
oops I already said too much
Maged
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Re: Projected BitCoin difficulty drop
August 16, 2011, 04:56:51 AM
#23
Looks like someone reset the poll (was 8 yes, 0 no), so I've re-opened the poll for the next difficulty change.
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1Maged
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Re: Projected BitCoin difficulty drop
August 16, 2011, 10:54:00 AM
#24
Quote from: simonk83 on August 15, 2011, 11:50:08 PM
Current difficulty: 1805700.8361937, Estimated difficulty: 7222827.06887830, 300% increase in 2015 blocks, 1w 6day 23hr 50min 0se
Oh dear....
every .. fucking .. time
^^
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
xylo
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Re: Projected BitCoin difficulty drop
August 16, 2011, 09:50:35 PM
#25
Quote from: Maged on August 16, 2011, 04:56:51 AM
Looks like someone reset the poll (was 8 yes, 0 no), so I've re-opened the poll for the next difficulty change.
It wasn't reset, it was changed. It was "do you think difficulty will drop" now it's "do you think difficulty will continue to drop".
Maged
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Re: Projected BitCoin difficulty drop
August 16, 2011, 10:45:39 PM
#26
Quote from: xylo on August 16, 2011, 09:50:35 PM
Quote from: Maged on August 16, 2011, 04:56:51 AM
Looks like someone reset the poll (was 8 yes, 0 no), so I've re-opened the poll for the next difficulty change.
It wasn't reset, it was changed. It was "do you think difficulty will drop" now it's "do you think difficulty will continue to drop".
Ah, I see.
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1Maged
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ElectricMucus
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Re: Projected BitCoin difficulty drop
August 21, 2011, 10:36:36 AM
#27
Wouldn't difficulty stay about the same from now on?
I ask this because a dropping difficulty would take an active action on part of the miners. Wouldn't those who already set it up would most likely stick with it?
I mean it could be possible that the price of bitcoin plunges further demotivating some people but not a majority...
The other question is to what extent this forum and the community is just the tip of the iceberg... Most miners probably got to bitcoin via mouth to mouth propaganda and are not following the development to this extent, and such ignore most market movements.
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