Whats causing the estimated Difficulty jump to 6B?

[googlemaster1]

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!

[FeedbackLoop]

Why were you expecting below average increase?

[eleuthria]

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).

[ujka]

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!

You got that 6B from https://bitcoinwisdom.com/bitcoin/difficulty ?
That's just an estimate.
Look how big a hashrate increase was few days before last difficulty retarget. New estimate still has to compensate for that, and for new hardware in next 10 days.

The biggest hashrate increase was at Discus Fish pool (f2pool). No realtime hashrate stats, but based on BTC received on pool address:
https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=7&scale=0&address=1KFHE7w8BhaENAswwryaoccDb6qcT6DbYY

I think that hashing power is coming from Chinese manufacturers, making new hardware from A1 chips.

On KNC pool address, there was no increase:
https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=7&scale=0&address=1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X

https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=7&scale=0&address=1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

But they may be hashing on some new address.

[ujka]

Forgot Cloudhashing:
https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=7&scale=0&address=1ALA5v7h49QT7WYLcRsxcXqXUqEqaWmkvw

Seems like they got that Cointerra hardware.

[ujka]

Why were you expecting below average increase?

Growth rate slowing down for last 5 months:

[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]

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!

You got that 6B from https://bitcoinwisdom.com/bitcoin/difficulty ?
That's just an estimate.
Look how big a hashrate increase was few days before last difficulty retarget. New estimate still has to compensate for that, and for new hardware in next 10 days.

The biggest hashrate increase was at Discus Fish pool (f2pool). No realtime hashrate stats, but based on BTC received on pool address:
https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=7&scale=0&address=1KFHE7w8BhaENAswwryaoccDb6qcT6DbYY

I think that hashing power is coming from Chinese manufacturers, making new hardware from A1 chips.

On KNC pool address, there was no increase:
https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=7&scale=0&address=1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X

https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=7&scale=0&address=1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

But they may be hashing on some new address.

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]

More machines more difficulty simple.

[RoadStress]

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]

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!

You got that 6B from https://bitcoinwisdom.com/bitcoin/difficulty ?
That's just an estimate.
Look how big a hashrate increase was few days before last difficulty retarget. New estimate still has to compensate for that, and for new hardware in next 10 days.

The biggest hashrate increase was at Discus Fish pool (f2pool). No realtime hashrate stats, but based on BTC received on pool address:
https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=7&scale=0&address=1KFHE7w8BhaENAswwryaoccDb6qcT6DbYY

I think that hashing power is coming from Chinese manufacturers, making new hardware from A1 chips.

On KNC pool address, there was no increase:
https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=7&scale=0&address=1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X

https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=7&scale=0&address=1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX

But they may be hashing on some new address.

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!

[wpgdeez]

A string of luck with many pools finding blocks fast can skew the short term stats.

[Sonny]

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]

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]

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]

He's flooding several boards with this 'ruin' post.
Many tried to correct him, but the post remains same. Like some bot.

[samsonn25]

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]

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]

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]

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.