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Author Topic: Price vs Difficulty Charts - indicators for buying or mining  (Read 72029 times)
phelix
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July 22, 2011, 09:52:45 PM
 #101

full disclosure: I have been working on similiar graphs for a while now and will release them soon. I had not seen this page before.

instead of the difficulty/price ratio I prefer the mining profit per 100MHash/s as proposed a long time ago by Raolo.

It is the same concept, since profit would be defined as price * reward.  The reward part is constant until 2012, so it will not change the graph until 2012.  I do plan to update the formula by then - kinda a low priority since I have a year Smiley

I'm not sure where 100MH/s comes from, and seems arbitrary.  I already divide the difficulty by 100,000 to align it with the price, but 100,000,000 would undo that alignment.  Right now, $15.00 / 1,500,000 difficulty results in a 1/1 ratio, which is very convenient. 


100MH/s is really arbitrary. I would prefer 1000MH/s better as it goes better with the metric system but also I am used to the mining factor based on 100MH/s as others may be.

Is the 100,000 less arbitrary? Probably there is no natural ratio...


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July 22, 2011, 10:40:35 PM
 #102

The 100,000 is arbitrary, but it aligns the price and difficulty nicely.  I don't consider 1/1 to be a natural ratio, but historically it has held.  Honestly, I'd suspect the resistance point to be closer to where we are now: .8.
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July 23, 2011, 04:40:25 AM
 #103

The 100Mhash come from that being a decent lowest comment to reach all sorts of mining speeds Wink So people cna find out how much they can earn for a given fiat money investment.
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July 23, 2011, 08:33:33 AM
 #104

yeah 100MH/s is comfy to estimate earnings per day


i guess the "resistance point" will decrease in the long run, ~~~ by moores law.

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August 03, 2011, 02:51:11 PM
 #105



With the sell off and the difficulty increase, the ratio has significantly dropped to .61
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August 03, 2011, 07:09:13 PM
 #106


as promised - some similiar charts: http://bitcoinX.com/charts/

still beta.


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August 03, 2011, 08:01:39 PM
 #107


as promised - some similiar charts: http://bitcoinX.com/charts/

still beta.


BRILLIANT!!!!

Put a new donation address on that page so I may send you my two cents...
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August 03, 2011, 08:08:13 PM
 #108


as promised - some similiar charts: http://bitcoinX.com/charts/

still beta.



Thanks! Nice charts.

Any thoughts when the average miner will start losing money on their mining rig?
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October 23, 2011, 08:16:09 PM
 #109


I would love to see some updated charts or data. Links? Peace

you are welcome: http://bitcoinX.bit  Tongue

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October 24, 2011, 06:39:30 AM
 #110


I would love to see some updated charts or data. Links? Peace

Since you asked.





Continuously setting new lows for the ratio.  Difficulty doesn't seem to be "supporting" price, in the sense of propping it up or providing a floor.  But the network's resilience to a plummeting price is quite surprising.  Its the power of peer-to-peer and decentralization.

Maybe there's still a correlation.  Perhaps price "hangs" from difficulty - like a bungee cord or a rubber band.  A strong difficulty could launch the price like a slingshot, if that's the case.

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December 23, 2011, 05:39:48 PM
 #111

Update chart now? want to see that curve up:P  thx

Same here, things are getting interesting Cheesy

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December 27, 2011, 01:46:17 PM
 #112

CHARTS! CHARTS! CHARTS! CHARTS!

No seriously I find the price/difficulty charts to be very interesting.  I like bitcoinx charts bu
a) would love to see units based on 1 GH.  100MH seems so arbitrary.  yeah any number is arbitrary but it would be like getting gas mileage in 1/10th of a gallon .  Yeah my car rocks it gets 200 mpthg (miles per tenth of a gallon) Smiley

b) There is only a 30 day chart (which shows too little) and a all time chart (which due to the insane peaks washes out any detail in the last 6 months or so.

If anyone knows where I can easily acquire the difficulty by day data (or date of prior 20 difficulty changes) I will make some more charts.
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December 31, 2011, 05:26:16 PM
 #113

CHARTS! CHARTS! CHARTS! CHARTS!

No seriously I find the price/difficulty charts to be very interesting.  I like bitcoinx charts bu
a) would love to see units based on 1 GH.  100MH seems so arbitrary.  yeah any number is arbitrary but it would be like getting gas mileage in 1/10th of a gallon .  Yeah my car rocks it gets 200 mpthg (miles per tenth of a gallon) Smiley

b) There is only a 30 day chart (which shows too little) and a all time chart (which due to the insane peaks washes out any detail in the last 6 months or so.

If anyone knows where I can easily acquire the difficulty by day data (or date of prior 20 difficulty changes) I will make some more charts.
a) this is for historical reasons (charts from Raoul) Smiley  Maybe I will change it some time next year.
b) logarithmic chart does not help?

you can get difficulty data from blockexplorer...   make the intervall 2016 and you will get data for each difficulty change

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January 01, 2012, 08:38:15 PM
 #114

CHARTS! CHARTS! CHARTS! CHARTS!

No seriously I find the price/difficulty charts to be very interesting.  I like bitcoinx charts bu
a) would love to see units based on 1 GH.  100MH seems so arbitrary.  yeah any number is arbitrary but it would be like getting gas mileage in 1/10th of a gallon .  Yeah my car rocks it gets 200 mpthg (miles per tenth of a gallon) Smiley

b) There is only a 30 day chart (which shows too little) and a all time chart (which due to the insane peaks washes out any detail in the last 6 months or so.

If anyone knows where I can easily acquire the difficulty by day data (or date of prior 20 difficulty changes) I will make some more charts.
Is something like this what you are looking for?

http://btcserv.net/bitcoin/history/
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February 02, 2012, 04:13:47 PM
 #115

CHARTS! CHARTS! CHARTS! CHARTS!

No seriously I find the price/difficulty charts to be very interesting.  I like bitcoinx charts bu
a) would love to see units based on 1 GH.  100MH seems so arbitrary.  yeah any number is arbitrary but it would be like getting gas mileage in 1/10th of a gallon .  Yeah my car rocks it gets 200 mpthg (miles per tenth of a gallon) Smiley

b) There is only a 30 day chart (which shows too little) and a all time chart (which due to the insane peaks washes out any detail in the last 6 months or so.

If anyone knows where I can easily acquire the difficulty by day data (or date of prior 20 difficulty changes) I will make some more charts.
a) this is for historical reasons (charts from Raoul) Smiley  Maybe I will change it some time next year.
b) logarithmic chart does not help?

you can get difficulty data from blockexplorer...   make the intervall 2016 and you will get data for each difficulty change

finally I added a 90days chart

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DeathAndTaxes
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February 02, 2012, 04:16:50 PM
 #116

finally I added a 90days chart

Am I blind because I am not seeing it?
phelix
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February 02, 2012, 04:28:33 PM
 #117

finally I added a 90days chart

Am I blind because I am not seeing it?

 Cool 

hehe, there was a glitch should be there now

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Gerald Davis


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February 02, 2012, 04:37:00 PM
 #118

Thanks.  Looking at that chart reminds me when revenue fell below $2 per GH/s.  Those were some dark days.
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February 29, 2012, 11:39:37 AM
 #119

This is a wonderfully informative thread. Maybe there should be some sort of thread awards on the forum like wikipedia has?

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March 07, 2012, 02:28:43 AM
 #120

Perhaps an updated chart from the OP for current price and difficulty?


Thanks in advance! Cheesy
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