Hash Rate just hit 200 000 000 GH/s!

[knight22]

 

[glendall]

Cool. For the first time I know how much mining I contribute to the whole picture.  ( 1 two- millionth hundred millionth! )

[Anddos]

The next difficulty change could be more than %23 then, we will know in 18 hours time

[ropbat]

Holy shit that's a lot 

[romerun]

what is this, 200 Peta Hash ?

[transient858]

Is there profit for antminer s3 miners given the price going down and hash rate going up?

[X7]

Is there profit for antminer s3 miners given the price going down and hash rate going up?

The short answer?  .... No  

http://thebitcoinmovement.com/project/3702/
Small article on mining (incase you want to research it a little more)

[jwcastle]

God damn it! I quit! I'm pulling the plug. I am done.

I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???

[X7]

God damn it! I quit! I'm pulling the plug. I am done.

I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???

3 facilities just rolled out 10+ mega watts - CoinTerra is out of control tbh...

[Bigbear8]

All I can say is wow. 200,000,000 GH/S thats crazy!

[coins-mining]

Too many mining farms are opening recently.

[ninjarobot]

ASICMiner is rolling out a new farm with the purpose of pushing the competing farms into the red. It is a war of attrition now. Amateur miners are just collateral.

[Lauda]

what is this, 200 Peta Hash ?

Yes, there was a quick jump to 200 PH/s. I guess with this rate we might see an Exahash soon (ish).

ASICMiner is rolling out a new farm with the purpose of pushing the competing farms into the red. It is a war of attrition now. Amateur miners are just collateral.

They have been for a while now. Amateurs/small miners can't survive in such a battle. When you look at the videos on youtube about the biggest mining farms, it's insane.
Something like this: https://www.youtube.com/watch?v=ELA91d_mx80

[cedivad]

ASICMiner is rolling out a new farm with the purpose of pushing the competing farms into the red. It is a war of attrition now. Amateur miners are just collateral.

That's basically what every miner has been doing since 2011.

[Fabrizio89]

I guess chinese miners are both contributing to the decreasing btc price and the increase of hashing power. They can produce cheap chips () and some areas have very low electricity costs so they are squeezing everything they can from the market while reducing profits for other parties with older gen miners who I think right now are still mining just because they understand what's going on and they know that quitting mining now is worse than waiting since new hardware is coming to the market and they will be cutted out for good. Others may be long-term holders but that's a game that doesn't really make sense in mining.

[imbladednow]

that's a game that doesn't really make sense in mining.

What matters is effeciency of miners and electricity costs. In this war, only one with free electricity can win, unfortunatelly not many have access to it and only in small quantity. You know, those paying flat monthly payment regardless of electricity usage...

[djangocoin]

Fucking Klondike  

[dquancey]

Mining is slowly turning into a business day by day.

It'll only be a matter of time before individuals will be forced to turn their miners off and big companies will be building miners for their own good, not for the consumer market.

Most will be forced to turn to altcoins to fund their mining habits. Still, the altcoin section is not the most agreeable place on earth for some  

 

[Sir Bitcoin]

I believe the first time I ever laid eyes on the network the difficulty was... around 12 million?!

[lucky88888]

Looks like PoS will be the winner after all!