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Author Topic: Has difficulty gone up???  (Read 598 times)
xenonex2003
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September 02, 2011, 09:31:46 PM
 #1

Hi all,

When I first started mining I was mining 0.1 BTC every 12 yours. Well, now I'm generating less than 0.05 BTC in 12 hours. Does this mean the difficulty has increased or is something else going on. I'm using slush's pool at the moment. Would I get better results using another pool? Thanks.
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BurntSnow
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September 02, 2011, 09:38:24 PM
 #2

Those are still VERY good stats for BTC generating. Could I have a link to the pool, by the way?
Yes, difficulty goes up every couple of weeks.

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deepceleron
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September 02, 2011, 11:57:35 PM
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The bitcoin mining difficulty retargets about every two weeks, so that the rate of transaction blocks still is about six an hour when network hashrate changes. For the past two difficulty recalculations, there has been a slight decrease in difficulty.

Bitcoin block-finding is a random event; even on the largest pools you don't make a constant daily amount when they use a payment system that rewards miners only when a block is found. On a small pool, you might be rewarded for two block finds in a day, then wait several days for the next. The size of the pool or the interval between block finds doesn't affect your expected rewards though - by pooling your mining resources and splitting the rewards with others, you just get more regular payments than the one-in-many-months reward that would come with solo mining.

This post of mine has historical difficulty data.

borez
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September 03, 2011, 04:23:54 AM
 #4

So how much computing power is required to sufficiently generate say, 0.5BTC/day?
godofal
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September 03, 2011, 07:40:53 AM
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i'd say bout 700Mhash/s
very roughly i might add

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September 03, 2011, 09:19:07 AM
 #6

So how much computing power is required to sufficiently generate say, 0.5BTC/day?



I'd guess around 900 MH/s at current difficulty. Also depends on whether you go PPS or Proportional payout.


My last 12hrs at Deepbit have me at 0.42 BTC and that is @ 1,525 MH/s.


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pekv2
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September 03, 2011, 03:07:19 PM
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So how much computing power is required to sufficiently generate say, 0.5BTC/day?

Calculator you can try out.

http://www.alloscomp.com/bitcoin/calculator.php
phantomcircuit
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September 03, 2011, 07:15:03 PM
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Difficulty has been dropping I believe.
Cosbycoin
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September 12, 2011, 10:08:15 PM
 #9

Just the luck of it. Some days you get more some less.
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