Reduction in Difficulty

[worldinacoin]

In two blocks time the difficulty will be down quite a bit

Blocks   151198
Difficulty   1468195
Estimated   1204386 in 2 blks

How will it affect the price of the bitcoin?  Also are we able to mine more bitcoins in a shorter time?

[geek-trader]

In two blocks time the difficulty will be down quite a bit

Blocks   151198
Difficulty   1468195
Estimated   1204386 in 2 blks

How will it affect the price of the bitcoin?  Also are we able to mine more bitcoins in a shorter time?

1. not at all
2. yes

[notme]

Ding!

[payb.tc]

1,203,462

[Rassah]

It's profitable to mine again! Hope the price stays above $3.2 though

[Eveofwar]

It's profitable to mine again! Hope the price stays above $3.2 though

For some, it's profitable down to $1...

[deepceleron]

Hey, quit being so lucky, you're going to mess things up!

Last 10    151200-151207    31/10/2011 04:18    2'311'686.28    x1.92

[RandyFolds]

Hey, quit being so lucky, you're going to mess things up!

Last 10    151200-151207    31/10/2011 04:18    2'311'686.28    x1.92

That's not luck, that's people who turned off cause it was unprofitable turning back on because after this drop, they are back in the black.

[deepceleron]

Hey, quit being so lucky, you're going to mess things up!

Last 10    151200-151207    31/10/2011 04:18    2'311'686.28    x1.92

That's not luck, that's people who turned off cause it was unprofitable turning back on because after this drop, they are back in the black.

Uh, Mr Potato Head! 50% More hash power than has ever existed on Bitcoin doesn't magically turn on at once within an hour.

[RandyFolds]

Hey, quit being so lucky, you're going to mess things up!

Last 10    151200-151207    31/10/2011 04:18    2'311'686.28    x1.92

That's not luck, that's people who turned off cause it was unprofitable turning back on because after this drop, they are back in the black.

Uh, Mr Potato Head! 50% More hash power than has ever existed on Bitcoin doesn't magically turn on at once within an hour.

Uh, fella! All sampling inaccuracies aside, do you think those numbers are simple variance and there was no new power added to the network after the difficulty change? That it went from 12% down to 92% up in a couple hours?

[Brian DeLoach]

Uh, fella! All sampling inaccuracies aside, do you think those numbers are simple variance and there was no new power added to the network after the difficulty change? That it went from 12% down to 92% up in a couple hours?

I can't picture hundreds of people waiting at their computers ready to start mining right at difficulty change.

[RandyFolds]

Uh, fella! All sampling inaccuracies aside, do you think those numbers are simple variance and there was no new power added to the network after the difficulty change? That it went from 12% down to 92% up in a couple hours?

I can't picture hundreds of people waiting at their computers ready to start mining right at difficulty change.

You've obviously never seen namecoin.

[Eveofwar]

Hey, quit being so lucky, you're going to mess things up!

Last 10    151200-151207    31/10/2011 04:18    2'311'686.28    x1.92

That's not luck, that's people who turned off cause it was unprofitable turning back on because after this drop, they are back in the black.

Uh, Mr Potato Head! 50% More hash power than has ever existed on Bitcoin doesn't magically turn on at once within an hour.

Uh, fella! All sampling inaccuracies aside, do you think those numbers are simple variance and there was no new power added to the network after the difficulty change? That it went from 12% down to 92% up in a couple hours?

It was at 300% right as difficulty change

[CrazyGuy]

Difficulty has gone down 20% tonight, but trade rate has gone down 25% or more since the last difficulty change. If mining was not profitable for them then, it still shouldn't be.

[phelix]

 estimates are quite wrong after a difficulty jump/drop. it should be ratger simple to create a better algorithm, though.