Lowest Difficulty increase in a while!

[revilo]

A mere 3.08% increase in difficulty this time round
Is this the future of things to come?
Or is the increase going to continue to grow exponentially?

Thoughts...

[Remember remember the 5th of November]

Isn't this the calm before the storm?

[roslinpl]

A mere 3.08% increase in difficulty this time round
Is this the future of things to come?
Or is the increase going to continue to grow exponentially?

Thoughts...

Just wait for the next rally and you will see how the diff will go up with the value of a coin

When you look at Difficulty  chart you can easily see what is goin to happen very soon

https://blockchain.info/charts/difficulty?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

[Remember remember the 5th of November]

A mere 3.08% increase in difficulty this time round
Is this the future of things to come?
Or is the increase going to continue to grow exponentially?

Thoughts...

Just wait for the next rally and you will see how the diff will go up with the value of a coin

When you look at Difficulty  chart you can easily see what is goin to happen very soon

https://blockchain.info/charts/difficulty?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

I can..see it. Or is this my delusion?

[revilo]

I find the bitcoin wisdom chart more informative.
https://bitcoinwisdom.com/bitcoin/difficulty

[Meuh6879]

Antminer S3 are on the road : 480GH/s for ... 366w  
instead of (S1) 180GH/s for 400w.

[revilo]

And now the Cointerra's that go at 1.4TH/s are at break even of worse with their massive power consumption.
Maybe a bunch of people switched them off?

[xinzark]

And now the Cointerra's that go at 1.4TH/s are at break even of worse with their massive power consumption.
Maybe a bunch of people switched them off?

I don think anyone is switching off , they have been a lot of manafature are building these rig you might see big raise in a month .

[smoothie]

looks like a big miner decided to mine during the first half of this period then moved miners off to make the diff not jump as high...once diff adjusts...watch those miners go online once again....vroooom!

[joshraban76]

I think the next few terms will be much higher increases and will ultimately average out. I could be wrong but thats what I figure will happen. Anyone that bought cloud mining in the past few weeks should be pretty happy right now though.

[winbtcs]

exponentially

[Harley997]

looks like a big miner decided to mine during the first half of this period then moved miners off to make the diff not jump as high...once diff adjusts...watch those miners go online once again....vroooom!

I don't think it was so much that, but it was more the fact that difficulty had increased by 24% the previous increase verses mid teens (~15%) on average across the previous several increases.

It should also be noted that the rate that blocks are found does have a little bit to do with luck, so it is entirely possible that several large pool operators simply had a little bit of bad luck during the beginning of the previous increase.

[jjc326]

Maybe because the price of bitcoin went down and hasn't been shooting to the moon people aren't as interests in mining anymore. Whereas when the price was flying high people were just mining no matter the cost because they thought they'd make it back as the BTC price continued to rise.

[davida]

I find the bitcoin wisdom chart more informative.
https://bitcoinwisdom.com/bitcoin/difficulty

I find the blockchain.info chart set on a 2 year time span shows on a broader scale what is going on with the exception of this 1 smaller difficultly increase.

https://blockchain.info/charts/difficulty?timespan=2year

It's more than likely a big miner manufacturer unplugging a lot of hashing power this week and preparing it to be shipped to customers. (without mentioning any names of course. although, it should be obvious)

[alani123]

From then it went up to +4.48%. What this tells me is that there wasn't much mining equipment shipped within those days. Pretty sure we could reach +10% before the last increase though.

[Harley997]

Maybe because the price of bitcoin went down and hasn't been shooting to the moon people aren't as interests in mining anymore. Whereas when the price was flying high people were just mining no matter the cost because they thought they'd make it back as the BTC price continued to rise.

The reason is because there are less people putting new miners on the network as the EV of mining is not high enough over their cost of electricity. I would think that the fact that it is summer and hot in much of the world would also have an impact as it now cost more to keep the machines cool (miners now have two sources of heat, the miner and the outside weather)

[nwfella]

Maybe because the price of bitcoin went down and hasn't been shooting to the moon people aren't as interests in mining anymore. Whereas when the price was flying high people were just mining no matter the cost because they thought they'd make it back as the BTC price continued to rise.

The reason is because there are less people putting new miners on the network as the EV of mining is not high enough over their cost of electricity. I would think that the fact that it is summer and hot in much of the world would also have an impact as it now cost more to keep the machines cool (miners now have two sources of heat, the miner and the outside weather)

Good point.  I'm shutting my miners down at the next difficulty increase.  Pretty warm where I'm at already and I'm not making anywhere near enough to justify running them any longer :/

[KimNam]

i saw someone posting about many hardware companies try/test their mining hardware (which ready to be shipped) in the last period, and that made big difficulty jumped. And now they ship it to customer, make lower difficulty increase. But this is only the calm before the storm, like someone said above

[Ron~Popeil]

Maybe because the price of bitcoin went down and hasn't been shooting to the moon people aren't as interests in mining anymore. Whereas when the price was flying high people were just mining no matter the cost because they thought they'd make it back as the BTC price continued to rise.

The reason is because there are less people putting new miners on the network as the EV of mining is not high enough over their cost of electricity. I would think that the fact that it is summer and hot in much of the world would also have an impact as it now cost more to keep the machines cool (miners now have two sources of heat, the miner and the outside weather)

Good point.  I'm shutting my miners down at the next difficulty increase.  Pretty warm where I'm at already and I'm not making anywhere near enough to justify running them any longer :/

Mine are all ready off. I will turn them back on when the price increases, but for right now the electricity bill is just too high.

[jonald_fyookball]

is it possible that there's no lack of added hashing power, and it's just getting exponentially harder to find such low hash numbers?