googlemaster1 (OP)
|
|
March 26, 2014, 06:58:57 PM |
|
I am really confused where that hashing power is coming from. Did KNC take their Neptunes online? Did BFL ramp up their data center full of monarchs? Did batch 1 of the S2's just get turned on? I was expecting maybe 5.4 or 5.6 at most, but estimated 6.1b.... Please give me answers!
|
BTC: 15565dcUp4LEWe6KYT7tawMHFRL4cBbFGN
|
|
|
FeedbackLoop
|
|
March 26, 2014, 07:05:17 PM |
|
Why were you expecting below average increase?
|
|
|
|
eleuthria
Legendary
Offline
Activity: 1750
Merit: 1007
|
|
March 27, 2014, 01:33:43 AM |
|
I am really confused where that hashing power is coming from. Did KNC take their Neptunes online? Did BFL ramp up their data center full of monarchs? Did batch 1 of the S2's just get turned on? I was expecting maybe 5.4 or 5.6 at most, but estimated 6.1b.... Please give me answers!
The most recent increase was ~700M. Why would you expect it to slow down compared to the previous adjustment? Miners have already been paid for for the next 6-9 months worth of deliveries most likely. The only thing holding difficulty back is how slow the manufacturers are at putting products into miners hands (which is most likely deliberate).
|
RIP BTC Guild, April 2011 - June 2015
|
|
|
|
ujka
|
|
March 27, 2014, 09:23:42 AM |
|
|
|
|
|
ujka
|
|
March 27, 2014, 09:26:42 AM |
|
Why were you expecting below average increase?
Growth rate slowing down for last 5 months:
|
|
|
|
ujka
|
|
March 27, 2014, 01:47:11 PM Last edit: March 27, 2014, 02:23:36 PM by ujka |
|
The difficulty is already projected. It's rises more or less at 22% every month. ...
That would have been nice... But maybe we are getting there: January: 100% hashrate increase February: 50% hashrate increase March: (??) 37% hashrate increase ...
|
|
|
|
GigaWave
|
|
March 27, 2014, 03:02:12 PM |
|
Kudos for being the only person that has a damn clue as to what the OP was asking. For everyone else, A large amount of hashing power has suddenly hit the network over the past few days.
|
|
|
|
Equate
|
|
March 27, 2014, 03:06:42 PM |
|
More machines more difficulty simple.
|
|
|
|
RoadStress
Legendary
Offline
Activity: 1904
Merit: 1007
|
|
March 27, 2014, 05:07:17 PM |
|
Diffuculty will never go down. It rises at a 22% average per month. The problem is that you need more hashrate to mine and this costs a fortune.
You will never have a ROI (return on investment) taking on account the current exchange rate of Bitcoin at 520 US dollar per 1 bitcoin.
Mining today is a total RUIN......even for real pros.
But history tells us otherwise. Difficulty can and will go down.
|
|
|
|
googlemaster1 (OP)
|
|
March 27, 2014, 08:42:28 PM |
|
Kudos for being the only person that has a damn clue as to what the OP was asking. For everyone else, A large amount of hashing power has suddenly hit the network over the past few days. Hahaha, yeah, thanks for that though. And as someone who watches total hashrate I was just interested to see why the day before retarget and the day after was just an explosion of hashrate. That gives me some idea as to what happened, but it doesn't look like any consumer side hashpower has been added, which sucks . Cheers!
|
BTC: 15565dcUp4LEWe6KYT7tawMHFRL4cBbFGN
|
|
|
wpgdeez
|
|
March 28, 2014, 06:40:43 PM |
|
A string of luck with many pools finding blocks fast can skew the short term stats.
|
|
|
|
Sonny
|
|
March 28, 2014, 08:29:26 PM |
|
Diffuculty will never go down. It rises at a 22% average per month. The problem is that you need more hashrate to mine and this costs a fortune.
You will never have a ROI (return on investment) taking on account the current exchange rate of Bitcoin at 520 US dollar per 1 bitcoin.
Mining today is a total RUIN......even for real pros.
Where did you get that 22% average increase per month? Or, did you just mistype "per period" as "per month"?
|
|
|
|
herebittybittybitty
|
|
March 29, 2014, 01:25:55 AM |
|
Diffuculty will never go down. It rises at a 22% average per month. The problem is that you need more hashrate to mine and this costs a fortune.
You will never have a ROI (return on investment) taking on account the current exchange rate of Bitcoin at 520 US dollar per 1 bitcoin.
Mining today is a total RUIN......even for real pros.
Pros, schmoes. Antminer S1's are still profitable, the beautiful little bastards.
|
|
|
|
xstr8guy
|
|
March 29, 2014, 09:41:51 AM |
|
Diffuculty will never go down. It rises at a 22% average per month. The problem is that you need more hashrate to mine and this costs a fortune.
You will never have a ROI (return on investment) taking on account the current exchange rate of Bitcoin at 520 US dollar per 1 bitcoin.
Mining today is a total RUIN......even for real pros.
Where did you get that 22% average increase per month? Or, did you just mistype "per period" as "per month"? He's spouting his "22% per month" phrase in other threads too. Obviously clueless, is my guess.
|
|
|
|
ujka
|
|
March 29, 2014, 09:47:43 AM |
|
He's flooding several boards with this 'ruin' post. Many tried to correct him, but the post remains same. Like some bot.
|
|
|
|
samsonn25
|
|
April 01, 2014, 03:34:17 PM |
|
I am really confused where that hashing power is coming from. Did KNC take their Neptunes online? Did BFL ramp up their data center full of monarchs? Did batch 1 of the S2's just get turned on? I was expecting maybe 5.4 or 5.6 at most, but estimated 6.1b.... Please give me answers!
Maybe you didnt see the warehouses that KNC has tens of thousands of machines. BFL is shady. Antminer farms with 6000-10000 machines. AND all the other big players out there. Bitfury, Cointerra, ASM
|
|
|
|
ajw7989
Legendary
Offline
Activity: 924
Merit: 1000
|
|
April 01, 2014, 05:48:10 PM |
|
Currently the 1th+ miners are being built and "tested" which means the majority of them are still in the manufacturer aka private hands. This is causing the huge hash rate increase and unfortunately does not help us
|
|
|
|
Operatr
|
|
April 02, 2014, 07:40:55 AM |
|
One thing to note is that there are a few multi-million dollar installations coming online, some of which we know about, some of which we don't and probably never will.
|
|
|
|
precrime3
Member
Offline
Activity: 84
Merit: 10
PM for journalist,typing,and data entry services.
|
|
April 03, 2014, 02:26:50 AM |
|
I think since all the ASICS are targeted for around this time delivery, they are "burning"/"premining"/ whatever you like to call it the ASICS. At least that's what I think.
|
|
|
|
|