BitcoinBarrel (OP)
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Activity: 2008
Merit: 1028
Fill Your Barrel with Bitcoins!
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December 21, 2013, 09:16:02 AM |
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Now that's a lot of power source: http://bitcoindifficulty.com/
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Bobba
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Activity: 97
Merit: 10
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December 21, 2013, 09:28:17 AM |
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yah i just seen it, raise of 23% xd
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DrG
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Activity: 2086
Merit: 1035
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December 21, 2013, 09:31:51 AM |
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Consistent with the 30% growth per cycle. Will stay like this through Q2 of 2014 most likely. Reminds me of 104.497% SSME Thrust: http://www.youtube.com/watch?v=ShRa2RG2KDI
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alexeft
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Activity: 854
Merit: 1000
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December 21, 2013, 12:13:52 PM |
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ivroer
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Activity: 89
Merit: 14
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December 21, 2013, 12:27:36 PM |
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Hash or be hashed. 10 billion by this time next year?
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alexeft
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Activity: 854
Merit: 1000
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December 21, 2013, 12:51:28 PM |
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Hash or be hashed. 10 billion by this time next year? Nope, A LOT more than that!!!!
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ccooiinnzz
Newbie
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Activity: 30
Merit: 0
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December 21, 2013, 10:43:41 PM |
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10 times more than January Hash or be hashed. 10 billion by this time next year?
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Icon
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December 22, 2013, 01:34:34 AM |
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Just to be clear, so i know what i am "or think" i know what i am talking about, it would now take a solo miner 1 billion+ shares to complete 1 block and submit it to the network.. correct?
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polarhei
Sr. Member
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Activity: 462
Merit: 250
Firing it up
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December 22, 2013, 05:18:31 PM |
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While the fiat price for 1 BTC is dropped by 40%, USD 600+. Why people keep mining this one? There must be a reason. Perhaps the 1,000 M is still low difficulty?
We now have '7' more hours left to determine if it is suitable to keep up.
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smracer
Donator
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Activity: 1057
Merit: 1021
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December 22, 2013, 07:09:33 PM |
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Where did all this hashrate come from? Is this BFL "testing" all their Monarch's before they ship them?
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dasource
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December 22, 2013, 07:34:28 PM |
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wow ... this is going to get interesting!
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^ I am with STUPID!
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timk225
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December 22, 2013, 08:59:32 PM |
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Of course the manufacturers are "testing" their ASICs! And they are collecting lots of BTC from their "testing" too! I've said all this before.
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grumpy619
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December 23, 2013, 01:22:07 AM |
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With this information in hand what would you need to get into the game and make a dent? Like what would be the minimum strength of a mining machine to get a decent return.
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alexeft
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Activity: 854
Merit: 1000
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December 23, 2013, 05:55:34 AM |
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With this information in hand what would you need to get into the game and make a dent? Like what would be the minimum strength of a mining machine to get a decent return.
Infinite? I think you would be best off just buying BTC.
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timk225
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December 23, 2013, 06:21:44 AM |
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Don't spend the money to try mining BitCoin now, it is too late. Either buy and sell BTC on its highs and lows, or mine LiteCoin or FeatherCoin, both of which can be done on GPU farms. ASICs aren't available for Scrypt coins.
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loreannl
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December 23, 2013, 01:07:12 PM |
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Don't spend the money to try mining BitCoin now, it is too late. Either buy and sell BTC on its highs and lows, or mine LiteCoin or FeatherCoin, both of which can be done on GPU farms. ASICs aren't available for Scrypt coins.
are there already 21 million bitcoins out there? so its never to late to start mining, ASICS will drop in price
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greenlion
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December 23, 2013, 05:24:30 PM |
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Where did all this hashrate come from? Is this BFL "testing" all their Monarch's before they ship them?
I'll eat my hat if a Monarch ships ever. The Monarch was the perfect scam to convince people already running GPU rigs to hand over money thinking they're going to switch over to ASIC.
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btcmonster
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Activity: 77
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December 23, 2013, 08:25:51 PM |
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wow this is the worlds fastest super computer !!!!
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chuckscap
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Activity: 118
Merit: 10
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December 23, 2013, 09:21:17 PM |
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Well our Jupiter (which we got Dec 9th) at 650 GHs is just earning .26 BTC a day with today's difficulty. Still we'll be even in 5 days, and even though our electrical bill has gone up $100 our heating bill has dropped $50 so all is good while it's winter ... We got lucky, ordered our KNC Nov 8th and got it a month later. At 10 billion difficulty in 6 months does even a THs miner make any sense? Quien Sabe?
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Regards,
Chuck
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ebildude123
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December 23, 2013, 09:58:26 PM |
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Damn, that's high difficulty alright. Assuming +30%, next difficulty is going to be ~ 1,535,200,153.5. Less and less profit each time
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