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galdur
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December 18, 2015, 04:15:20 PM |
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Etherum now?
Well i got a btc lifetime contract few months ago. I'm happy about your offer on a whole but I don't like the very tiny and regular income of cloud mining. I prefer investing in loans in the end I think.
good luck though, even if I don't take this train =3
It´s about to get even tinier still Estimated Next Difficulty: 93,438,818,301 (+18.12%) Adjust time: After 28 Blocks, About 4.0 hours |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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loki0505
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December 18, 2015, 04:55:06 PM |
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Etherum now?
Well i got a btc lifetime contract few months ago. I'm happy about your offer on a whole but I don't like the very tiny and regular income of cloud mining. I prefer investing in loans in the end I think.
good luck though, even if I don't take this train =3
It´s about to get even tinier still Estimated Next Difficulty: 93,438,818,301 (+18.12%) Adjust time: After 28 Blocks, About 4.0 hours when is the next difficulty as in date/time? sorry i'm a newb at this |
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loki0505
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December 18, 2015, 04:56:26 PM |
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my bad, i see you put 4hrs...DOH!
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galdur
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December 18, 2015, 05:15:41 PM
Last edit: December 18, 2015, 05:26:49 PM by galdur |
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my bad, i see you put 4hrs...DOH!
After every 2016 bitcoin blocks generated, the difficulty is adjusted to keep the block generation time at 600 seconds. At present, the block time is about 510 sec. so diff is about to increase by around 18%. What this is about is basically increasing amount of hash chasing a fixed number of blocks per day leading to higher difficulty and vice versa. It takes 12-14 days to generate 2016 blocks so "fixed" is plus or minus as reflected in the block time vs. the 600 sec. during the period. |
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loki0505
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December 18, 2015, 06:04:59 PM |
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my bad, i see you put 4hrs...DOH!
After every 2016 bitcoin blocks generated, the difficulty is adjusted to keep the block generation time at 600 seconds. At present, the block time is about 510 sec. so diff is about to increase by around 18%. What this is about is basically increasing amount of hash chasing a fixed number of blocks per day leading to higher difficulty and vice versa. It takes 12-14 days to generate 2016 blocks so "fixed" is plus or minus as reflected in the block time vs. the 600 sec. during the period. great info bud...so with us doing cloud mining on genesis....how do you see this effecting the price of btc? More difficult usually means more rare correct? you think it will be stable, or would price go up due to scarcity? |
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clgrissom3
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Activity: 1722
Merit: 1032
Carl, aka Sonny :)
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December 18, 2015, 06:40:40 PM |
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Up to 12/17/2015...the gap keeps getting wider. In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.  |
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IanFoxley
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Activity: 910
Merit: 1000
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December 18, 2015, 06:42:55 PM |
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I think in late 2016 the algorithm of ETHEREUM is gonna be X11 right?
From what i know, Ethereum goes from a POW mining coin to POS sometime in the summer, August perhaps, so if you have a contract what will happen is that when the coin stops mining then your contract changes over to X11 for the time that is left of your contract. All the info about this is written in the contract. |
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IanFoxley
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December 18, 2015, 06:43:38 PM |
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Up to 12/17/2015...the gap keeps getting wider. In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.
Well I think we will have an idea.... |
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lama-hunter
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December 19, 2015, 02:51:48 AM |
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Up to 12/17/2015...the gap keeps getting wider. In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.
Well I think we will have an idea.... wowowesch difficulty eats all the state must be involved or and really global player i think  Maybe bitmain got a new chip out regards lama-hunter |
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cancerbola
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December 19, 2015, 03:35:47 AM |
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Damn. The steady difficulty rise will probably be faster than the price of bitcoin. And there's also the maintenance fee. I knew I should had invested into X11 instead :{
How are you X11ers doing? Enjoying your maintenance-free contract?
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galdur
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December 19, 2015, 04:01:05 AM |
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According to the graphs being posted the payout falls much more than the difficulty rise even with flat or rising BTC price. Seems kind of strange. How´s that supposed to work? I´m sure that the self-proclaimed paragon of transparency in charge of this outfit has no explanation.
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lama-hunter
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December 19, 2015, 04:17:26 AM |
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Damn. The steady difficulty rise will probably be faster than the price of bitcoin. And there's also the maintenance fee. I knew I should had invested into X11 instead :{
How are you X11ers doing? Enjoying your maintenance-free contract?
its not really what you excpected  maybe the new ether will bring you faster roi  regards |
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Wintermute
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December 19, 2015, 12:51:31 PM |
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According to the graphs being posted the payout falls much more than the difficulty rise even with flat or rising BTC price. Seems kind of strange. How´s that supposed to work? I´m sure that the self-proclaimed paragon of transparency in charge of this outfit has no explanation.
The numbers are correct, I am checking all payouts from time to time. The reason is that there are two terms that define the payout: payout = income - cost It can be (up to some constants) be described as: payout = h / D - m / p h = own hashrate D = difficulty m = maintenance fee p = price Then it becomes very clear that p and D are in different terms in the equation and there is no reason why there should be a proportional relation between the two (as you implied). As I said, I am checking the payouts on a regular basis, and they are basically correct. |
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IanFoxley
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December 19, 2015, 12:57:06 PM |
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According to the graphs being posted the payout falls much more than the difficulty rise even with flat or rising BTC price. Seems kind of strange. How´s that supposed to work? I´m sure that the self-proclaimed paragon of transparency in charge of this outfit has no explanation.
I think it could also be because all this hashpower that is being added geting more found blocks than Antpool and the other pools, so payouts on other pools will suffer so that could be way why payouts are going down. Bitfury adding all this hashpower on whichever pool they are using means that they are getting more share of blocks than before so other pools are getting less. If i look at my hashnest payouts, they have taken a nosedive recently as well because they are getting less blocks than before |
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IanFoxley
Legendary
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Activity: 910
Merit: 1000
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December 19, 2015, 01:01:27 PM |
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According to the graphs being posted the payout falls much more than the difficulty rise even with flat or rising BTC price. Seems kind of strange. How´s that supposed to work? I´m sure that the self-proclaimed paragon of transparency in charge of this outfit has no explanation.
Depends on which maintenance fee too. Graph will vary depending. Latest contracts have 0.99 USD per THs where as the poster with the graphs has a 1.50 USD per THs fee I believe. |
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galdur
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December 19, 2015, 01:08:00 PM |
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Up to 12/17/2015...the gap keeps getting wider. In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there. So, after the diff increase of 18% is the payout going to drop by 30-40% now? Bitcoin is on the rise as it has been lately. It´s difficult to understand how the gap is so wide. Estimated Next Difficulty: 108,481,324,148 (+16.09%) Adjust time: After 1911 Blocks, About 13.1 days |
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IanFoxley
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Merit: 1000
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December 19, 2015, 01:22:27 PM |
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Up to 12/17/2015...the gap keeps getting wider. In about 2 hours, the next difficulty hits (+18%) and we will see what happens from there.
So, after the diff increase of 18% is the payout going to drop by 30-40% now? Bitcoin is on the rise as it has been lately. It´s difficult to understand how the gap is so wide. Estimated Next Difficulty: 108,481,324,148 (+16.09%) Adjust time: After 1911 Blocks, About 13.1 days Use Bitcoin Wisdom..its easy! Look at their projected next difficulty rise. Enter it into the calculator at the top right. Remove the commas from the number as it doesnt like the commas. Then enter 1THs into the box. If you have 1.50 USD per THs contract then subtract 1.50 USD from the calculated amount given. Take the calculated amount left over and enter that in the USD box. Look at the BTC amount left and that will be roughly what you could get at the next difficulty rise if BTC price stays the same per 1THs. If you have 0.0012 USD contract, subract 1.20 USD instead or if you have newest 0.00099 USD per THs contract, subtract 0.99 USD instead. It is so simple to do... Use the features .... |
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IanFoxley
Legendary
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Activity: 910
Merit: 1000
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December 19, 2015, 01:30:02 PM |
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Estimated Next Difficulty: 108,481,324,148 (+16.09%)
Adjust time: After 1911 Blocks, About 13.1 days
I think the next rise will not be so high this time. Currently hashrate at the time of writing this is 643,082,196 GH/s and yet at the change it was 668,931,642 GH/s So the hashrate now is lower. Of course this changes all the time but would be suprised if it was a big jump like last time. But will see |
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galdur
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December 19, 2015, 01:43:11 PM |
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It´s too early to tell, but that green line seems to be in a pretty solid trend upwards. Bitmain is shipping and their batch #8 will start going out Dec. 28.  |
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lama-hunter
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December 19, 2015, 02:13:46 PM |
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It´s too early to tell, but that green line seems to be in a pretty solid trend upwards. Bitmain is shipping and their batch #8 will start going out Dec. 28. Ohh booy - that difficulty hearts my hearth reagrds lama-hunter |
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