tysat (OP)
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August 30, 2011, 05:17:44 AM Last edit: August 30, 2011, 05:37:52 AM by tysat |
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From 1806098.30 -> 1777774.48 making it the second decrease in a row! Sure is nice to know I can still mine at a decent rate.
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deepceleron
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August 30, 2011, 05:26:45 AM Last edit: August 30, 2011, 05:47:15 AM by deepceleron |
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The above was just a guess from somewhere; The actual difficulty is in: 1,777,774.482001http://blockexplorer.com/b/143136I'll just leave this here: block date difficulty Average hashes for solve 2016 2009-01-27 13:38:51 1.00 4294967296 4032 2009-02-12 19:16:30 1.00 4294967296 6048 2009-03-02 04:01:53 1.00 4294967296 8064 2009-03-20 00:26:26 1.00 4294967296 10080 2009-04-06 22:04:23 1.00 4294967296 12096 2009-04-24 18:51:38 1.00 4294967296 14112 2009-05-12 03:20:25 1.00 4294967296 16128 2009-05-31 02:31:25 1.00 4294967296 18144 2009-06-26 21:32:53 1.00 4294967296 20160 2009-07-25 00:30:16 1.00 4294967296 22176 2009-09-04 13:01:38 1.00 4294967296 24192 2009-10-02 03:27:08 1.00 4294967296 26208 2009-10-31 15:28:20 1.00 4294967296 28224 2009-11-27 21:51:07 1.00 4294967296 30240 2009-12-18 09:56:01 1.00 4294967296 32256 2009-12-30 06:11:04 1.18 5068061409 34272 2010-01-11 22:48:37 1.30 5583457485 36288 2010-01-25 13:07:59 1.34 5755256177 38304 2010-02-04 21:43:14 1.81 7773890806 40320 2010-02-14 23:52:59 2.52 10823317586 42336 2010-02-24 08:41:04 3.78 16234976379 44352 2010-03-08 01:14:33 4.53 19456201851 46368 2010-03-21 22:54:24 4.56 19585050870 48384 2010-04-01 11:07:22 6.08 26113401160 50400 2010-04-12 08:39:46 7.81 33543694582 52416 2010-04-21 21:52:52 11.46 49220325212 54432 2010-05-04 09:46:16 12.84 55147380081 56448 2010-05-19 14:13:55 11.84 50852412785 58464 2010-05-29 13:57:28 16.61 71339406787 60480 2010-06-11 23:26:26 17.38 74646531604 62496 2010-06-24 12:27:26 19.40 83322365542 64512 2010-07-06 01:57:44 23.50 100931731456 66528 2010-07-13 08:03:57 45.38 194905615892 68544 2010-07-16 16:29:39 181.54 779708362916 70560 2010-07-27 02:42:38 244.21 1048873963356 72576 2010-08-05 19:46:35 352.16 1512515682959 74592 2010-08-15 11:11:11 511.77 2198035413074 76608 2010-08-26 23:13:23 623.38 2677396712980 78624 2010-09-08 05:04:49 712.88 3061796285972 80640 2010-09-19 02:04:07 917.83 3942049833288 82656 2010-09-28 19:58:28 1318.67 5663644524216 84672 2010-10-12 05:35:05 1378.02 5918550833234 86688 2010-10-21 05:13:15 2149.02 9229970618450 88704 2010-10-30 22:58:47 3091.73 13278879238062 90720 2010-11-09 12:29:28 4536.35 19483474893210 92736 2010-11-18 18:44:34 6866.89 29493067975230 94752 2010-11-30 16:37:55 8078.19 34695561860874 96768 2010-12-09 22:20:02 12251.99 52621896360919 98784 2010-12-21 18:34:03 14484.16 62208993510031 100800 2011-01-03 05:10:11 16307.42 70039835582136 102816 2011-01-15 14:26:07 18437.64 79189060815422 104832 2011-01-27 08:16:11 22012.38 94542452207125 106848 2011-02-08 04:53:20 25997.87 111660001415660 108864 2011-02-18 05:15:52 36459.88 156593992216084 110880 2011-02-27 09:59:20 55589.51 238755127450665 112896 2011-03-09 15:25:55 76192.61 327244768146883 114912 2011-03-25 02:39:45 68977.78 296257309250683 116928 2011-04-05 20:09:57 82345.64 353671830768189 118944 2011-04-18 07:49:36 92347.59 396629878914417 120960 2011-04-30 02:53:00 109670.13 471029621698068 122976 2011-05-09 21:17:24 157416.40 676098289854054 124992 2011-05-18 22:04:47 244112.48 1048455118145450 127008 2011-05-26 18:41:56 434877.04 1867782664581280 129024 2011-06-06 12:25:05 567269.53 2436404079367290 131040 2011-06-15 13:49:34 876954.49 3766490854630360 133056 2011-06-24 11:45:23 1379192.28 5923585737495680 135072 2011-07-06 20:35:46 1563027.99 6713154099782620 137088 2011-07-19 19:23:09 1690895.80 7262342161943760 139104 2011-08-01 08:11:19 1888786.70 8112277105619760 141120 2011-08-15 23:44:54 1805700.83 7755426011210060 143136 2011-08-30 05:15:03 1777774.48 7635483251263410
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tysat (OP)
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August 30, 2011, 05:38:21 AM |
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Good call, it had showed the new block number so I assumed it was the correct difficulty. I edited my first post to be correct.
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Ricochet
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August 30, 2011, 05:43:42 AM |
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The difficulty level *has* decreased in the past, ya know. This time, it's most likely due to the Irene storm. It will probably go back up in the next 2 weeks, don't you worry.
Kinda makes me wonder what would have happened if Bitcoin started out with the GPU miners that Namecoin/ixcoin/iocoin/WHATEVER already had to begin with. Methinks it wouldn't have worked out nearly as smoothly.
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tysat (OP)
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August 30, 2011, 06:07:01 AM |
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The difficulty level *has* decreased in the past, ya know. This time, it's most likely due to the Irene storm. It will probably go back up in the next 2 weeks, don't you worry.
Kinda makes me wonder what would have happened if Bitcoin started out with the GPU miners that Namecoin/ixcoin/iocoin/WHATEVER already had to begin with. Methinks it wouldn't have worked out nearly as smoothly.
I know it's decreased before, but not many times and this is the first time it's decreased twice in a row.
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Ricochet
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August 30, 2011, 06:16:02 AM |
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Okay, so it's decreased for 4 weeks instead of 2. I still wouldn't worry too much about it, to be honest.
In other terms (via your avatar), it took how many years before the Vince Lombardi Trophy came back to Green Bay? You can't let the temporary downturns distort your ultimate goal of success.
(...go Pack go...) >_>
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geek-trader
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August 30, 2011, 07:06:34 AM |
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Okay, so it's decreased for 4 weeks instead of 2. I still wouldn't worry too much about it, to be honest.
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I'm not worried, I'm fucking happy! If you are a miner, you have 2 risk factors. The price and the difficulty. If the diff is going to level out at around where it is now, I'm fine with the price doing the same. (tho 10 or11 would be better)
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tysat (OP)
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August 30, 2011, 07:11:57 AM |
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Okay, so it's decreased for 4 weeks instead of 2. I still wouldn't worry too much about it, to be honest.
In other terms (via your avatar), it took how many years before the Vince Lombardi Trophy came back to Green Bay? You can't let the temporary downturns distort your ultimate goal of success.
(...go Pack go...) >_>
I never said I was worried! Just trying to spark some discussion is all.
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silverchair
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August 30, 2011, 07:39:16 AM |
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Its Worry-free, just a slight decrease
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Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
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AtlasONo
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August 30, 2011, 01:50:20 PM |
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Growth has been slowing pries have been dropping and we've been close to a decrease for a while now.
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ElectricMucus
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Marketing manager - GO MP
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August 30, 2011, 02:00:06 PM |
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The drop is marginal and with current outlook this might be it. We are still at 94.12% of the ath.
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Gabi
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August 30, 2011, 02:27:59 PM |
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Summer (GPUs off due to overheating) + Irene (some days at 10Thash/s or less) + low price...
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gw4tt
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August 30, 2011, 06:54:56 PM |
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Also, a lot of people are mining other blockchains. I haven't mined bitcoin for awhile now, been mining i0coins, ixcoins, solidcoins.
much more profitable compared to bitcoin.
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AssemblY
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August 30, 2011, 08:39:15 PM |
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However the stats says that the difficulty will increase by 12% in 11 days. Let's enjoy these few days to mine hard
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mike678
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August 30, 2011, 09:02:52 PM |
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However the stats says that the difficulty will increase by 12% in 11 days. Let's enjoy these few days to mine hard Every time this needs to be explained... The estimate at the beginning of a new difficulty is not accurate. It takes several days for even a relatively close estimate to come out.
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eleuthria
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August 30, 2011, 09:45:07 PM |
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The major cause of this week's drop was the introduction all the forkcoins in the last two weeks. Between I0Coin and Solidcoin, we were missing 500 GH - 1 TH/s on the network for a large portion of the last two weeks. Even with that large batch of power missing, the decrease was minor.
The BTC price also fell a bit over the last two weeks, so we'll see if we get a fairly large increase after this difficulty finishes (most the fork coins are dying off, and no new ones are in sight). The miners with higher power costs are starting to turn off GPUs as the price dips lower, so it's going to be interesting to watch how the BTC network behaves.
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RIP BTC Guild, April 2011 - June 2015
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AssemblY
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August 31, 2011, 02:55:33 AM |
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However the stats says that the difficulty will increase by 12% in 11 days. Let's enjoy these few days to mine hard Every time this needs to be explained... The estimate at the beginning of a new difficulty is not accurate. It takes several days for even a relatively close estimate to come out. Is true, in the last difficulty update indicated further increase, but decreased. Is very relative. Now the prediction is +5.5%
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silverchair
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August 31, 2011, 04:38:32 AM |
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Bitcoin has its ups and downs also.
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Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
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mdbitcoin
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August 31, 2011, 05:14:08 AM |
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I'm in agreement. I expect difficulty averages would level around here since mining profitability has been seriously thwarted for anyone investing in new equipment, while 7-day moving averages have lowered, and summer electric rates are still in effect (at least for part of the U.S. anyway). ROIs have converted from months to years with the edge too close, especially with exchange rates so volatile and testing new lows. ROIs can flip from positive to negative within a few hours and that should scare a number of higher cost miners out.
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mike678
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August 31, 2011, 05:34:59 AM |
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ROIs have converted from months to years with the edge too close, especially with exchange rates so volatile and testing new lows.
This isn't true roi is still in the months category. I'll use my 5850 machine for example. Its a rig with 5 5850's and cost me 1,375 to build. It can generate 1,900 megahash and requires 1kw. That generates me 1.0750 btc a day which is 290 a month. At 8.5 cents per kwh (cost for me) it costs 61 per month. Which gives me a profit of 229. Thats 6 months and lets be honest in 6 months the price could easily go up. If you save your coins and wait and at any point it reaches 20 dollars a coin you will have roi in 2.3 months. Keep in mind it only has to hit this once for you to drastically cut your roi. So like I said roi's don't take years to recover.
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