HASHNEST Discussion and Support Thread

[chmick]

Hi all

Is it me or is there something wrong with the diff ?
Seems all website are going  crazy .

bitcoinwisdom is no updated anymore and other website seems to give weird data .

All  this seems uncorelated with the hashrate indicated on blockchain.info

here is a list of difficulty prediction website .

http://nextdifficulty.com/

http://bitcoincharts.com/bitcoin/

https://mining-profit.com/bitcoin-difficulty-history

https://coinplorer.com/Charts/Difficulty/BTC

http://bitcoin-difficulty.com/

the spread is around 13 % !!

You are at the start of new period, there is no way to have reliable number now. I own nextdifficulty.com so I can only tell you that conservative estimate is saying +10%, which means last 1500 blocks have been found so fast that if nothing changes the difficulty will have to grow by 10%. However I expect the pace of finding blocks will soon slow down.

Thanks for the answer .
Talking about slowing down , I also noticed antpool time between blocks is getting longer . I wonder if it's correlated . On the S5 it's killing profit . I wonder if it's related .

PS : a suggestion for your website . At the bottom of it, you could add a  table with the history of the previous :  effective difficulty jumps ,your prediction and the prediction of others . 

[1714559643]

1714559643

[skuser]

PS : a suggestion for your website . At the bottom of it, you could add a  table with the history of the previous :  effective difficulty jumps ,your prediction and the prediction of others . 

Thanks for suggestion, I am planning to add something like that if time allows me to do it

[skuser]

BTW for those who are not paying attention, S4 is already in negative area because USD/BTC rate dropped to 380 USD. So they can close the market anytime like they did with S3.

[Ponury Typ]

Hi all

Is it me or is there something wrong with the diff ?
Seems all website are going  crazy .

bitcoinwisdom is no updated anymore and other website seems to give weird data .

All  this seems uncorelated with the hashrate indicated on blockchain.info

here is a list of difficulty prediction website .

http://nextdifficulty.com/

http://bitcoincharts.com/bitcoin/

https://mining-profit.com/bitcoin-difficulty-history

https://coinplorer.com/Charts/Difficulty/BTC

http://bitcoin-difficulty.com/

the spread is around 13 % !!

You are at the start of new period, there is no way to have reliable number now. I own nextdifficulty.com so I can only tell you that conservative estimate is saying +10%, which means last 1500 blocks have been found so fast that if nothing changes the difficulty will have to grow by 10%. However I expect the pace of finding blocks will soon slow down.

What about ROI for cloudming on hashnest on your site, why is is still not showing ? Is their api still not fixed ?

[skuser]

Hi all

Is it me or is there something wrong with the diff ?
Seems all website are going  crazy .

bitcoinwisdom is no updated anymore and other website seems to give weird data .

All  this seems uncorelated with the hashrate indicated on blockchain.info

here is a list of difficulty prediction website .

http://nextdifficulty.com/

http://bitcoincharts.com/bitcoin/

https://mining-profit.com/bitcoin-difficulty-history

https://coinplorer.com/Charts/Difficulty/BTC

http://bitcoin-difficulty.com/

the spread is around 13 % !!

You are at the start of new period, there is no way to have reliable number now. I own nextdifficulty.com so I can only tell you that conservative estimate is saying +10%, which means last 1500 blocks have been found so fast that if nothing changes the difficulty will have to grow by 10%. However I expect the pace of finding blocks will soon slow down.

What about ROI for cloudming on hashnest on your site, why is is still not showing ? Is their api still not fixed ?

Unfortunately not and I doubt it will ever be again...

[galdur]

The hashrate boom continues. Block generation time is already down to about 550 seconds. It´s ten days to go but the next difficulty increase will probably be between 5 and 10%. It has doubled in the last four months, unbelievable.

[lumeire]

Damn S4 is already at 104% maintenance/payout, if this continues we'll say goodbye to the s4 market wouldn't we?

[Simpan]

The hashrate boom continues. Block generation time is already down to about 550 seconds. It´s ten days to go but the next difficulty increase will probably be between 5 and 10%. It has doubled in the last four months, unbelievable.

When the 16 nm chip comes out in March/April, the difficulty will jump even faster. Too much money is invested in mining.

[galdur]

The hashrate boom continues. Block generation time is already down to about 550 seconds. It´s ten days to go but the next difficulty increase will probably be between 5 and 10%. It has doubled in the last four months, unbelievable.

When the 16 nm chip comes out in March/April, the difficulty will jump even faster. Too much money is invested in mining.

Of course.

BitFury Will Mass Produce "Fastest and Most Effective" 16nm ASIC Miner Chips

16/12/2015

Bitfury, the best-funded miner through investments has today announced the mass production of its 16nm Application Specific Integrated Circuit (ASIC) Chip, a project that was in development since the beginning of 2015.

Bitcoin mining behemoth BitFury has revealed that it will begin mass production of its 16 nm mining chips following testing that has met expectations.

The company revealed 40 gigahash per second design target for the chip, with a power efficiency of 0.06 joules per gigahash, a figure that hasn’t been attained in the industry, yet. The company cites “rigorous testing,” with results for measured power efficiency on average ranging between 0.055 joules per gigahash to 0.07 joules per gigahash. These numbers are also unequalled in the bitcoin mining industry.

With the chip, BitFury deemed the innovation to usher in the “exahash era,” a time when the total Bitcoin mining network hashrate reaches and exceeds 1 EH per second. 1 exahash = 1,000,000 gigahashes.

In a press release, BitFury CEO Valery Vavilov said:

We are very excited to launch mass production of our super 16nm ASIC Chip…We understand that it will be nearly impossible for any older technology to compete with the performance of our new 16nm technology.
Lower Power Needs

Along with its increased power efficiency, the new BitFury chips can run with a power supply voltage of 0.35V, the company confirmed, with the static part of the chip functional at 0.28V.

The company also states that every new 16nm Chip will deliver a minimum of 100 GH/sec while averaging in a range about 140 GH/sec with air cooling. BitFury further claimed that the chips can achieve up to 184 GH/sec with the company’s third-generation immersion cooling technology.

BitFury added it will be partnering with Global Unichip Corporation (GUC) to mass produce the new chips.

In a statement, Jim Lai, the president of GUC stated:

We have worked closely with BitFury’s experienced IC designers and we are glad to assist BitFury achieve this outstanding result.

It was March 2015 when BitFury revealed its 28nm ASIC chip after progressing from its 55nm chip at the time. The 28nm chip will be used in BitFury’s new Georgia-based bitcoin mining farm, a project in which the company is investing a total of $100 million. The data center, to be built in Georgia’s capital city of Tbilisi will also make use of the miner’s new 16nm chips.

Also read: Interview With BitFury CEO Valery Vavilov: New Bitcoin ASIC Chips On the Horizon

Bitfury CEO Vavilov cited the unique position the company is in with regards to the production of the high-efficiency chips and added:

As a responsible player in the Bitcoin community, we will be working with integration partners and resellers to make our unique technology widely available, ensuring that the network remainds decentralized as we move into the exahash era together.

In recent times, BitFury has also made headlines after recruiting a former White House staffer and aide to President Obama, Jamie Smith, as the company’s global chief of communications.

https://www.cryptocoinsnews.com/bitfury-will-mass-produce-fastest-and-most-effective-16nm-asic-miner-chips/

[galdur]

Hmmm, looks like it´s Lenin in reverse, the Chinese are selling the western competition the rope that it will hang itself with....

[pallas]

the question is how long will they mine with the chip before selling it to people (and at what price).

[galdur]

the question is how long will they mine with the chip before selling it to people (and at what price).

I see Bitmain is presently shipping batch #9 of S7. Or maybe just about to start, they said Jan. 20-30.

During the Chinese Spring Festival holiday, no shipments will be made from Feb. 4th to Feb 14th. Shipments will resume on Feb. 15th, they say.

[pallas]

the question is how long will they mine with the chip before selling it to people (and at what price).

I see Bitmain is presently shipping batch #9 of S7. Or maybe just about to start, they said Jan. 20-30.

During the Chinese Spring Festival holiday, no shipments will be made from Feb. 4th to Feb 14th. Shipments will resume on Feb. 15th, they say.

I was talking about bitfury, not bitmain.

[skuser]

S5 prices are nicely adjusting the cruel reality however S7 hashes keep being brutally overpriced. There will be huge drop in price probably only after people realize that at this speed of difficulty growth the S7 will NOT survive halving.

[galdur]

the question is how long will they mine with the chip before selling it to people (and at what price).

I see Bitmain is presently shipping batch #9 of S7. Or maybe just about to start, they said Jan. 20-30.

During the Chinese Spring Festival holiday, no shipments will be made from Feb. 4th to Feb 14th. Shipments will resume on Feb. 15th, they say.

I was talking about bitfury, not bitmain.

The public is just cannon fodder in this war. It´s purpose is mainly to help finance the armaments. Most mining is done by huge concerns or so I´d imagine.

[galdur]

S5 prices are nicely adjusting the cruel reality however S7 hashes keep being brutally overpriced. There will be huge drop in price probably only after people realize that at this speed of difficulty growth the S7 will NOT survive halving.

Well, it is said that modern man suffers from lack of understanding of exponential functions. Doubling time, compounded interest etc.

Difficulty History

Date   Difficulty   Change   Hash Rate
Jan 26 2016   120,033,340,651 5.89%   859,232,121 GH/s
Jan 13 2016   113,354,299,801 9.12%   811,421,684 GH/s
Dec 31 2015   103,880,340,815 11.16%   743,604,444 GH/s
Dec 18 2015   93,448,670,796   18.14%   668,931,642 GH/s
Dec 06 2015   79,102,380,900   8.77%   566,236,898 GH/s
Nov 24 2015   72,722,780,643   10.44%   520,569,941 GH/s
Nov 11 2015   65,848,255,180   5.77%   471,360,171 GH/s
Oct 29 2015   62,253,982,450   2.25%   445,631,364 GH/s
Oct 15 2015   60,883,825,480   0.12%   435,823,399 GH/s
Oct 01 2015   60,813,224,039   2.49%   435,318,014 GH/s
Sep 17 2015   59,335,351,234   4.17%   424,738,988 GH/s
Sep 04 2015   56,957,648,455   4.98%   407,718,729 GH/s
Aug 22 2015   54,256,630,328   2.95%   388,384,088 GH/s

[LarryHocks]

S5 prices are nicely adjusting the cruel reality however S7 hashes keep being brutally overpriced. There will be huge drop in price probably only after people realize that at this speed of difficulty growth the S7 will NOT survive halving.

Well, it is said that modern man suffers from lack of understanding of exponential functions. Doubling time, compounded interest etc.

Difficulty History

Date   Difficulty   Change   Hash Rate
Jan 26 2016   120,033,340,651 5.89%   859,232,121 GH/s
Jan 13 2016   113,354,299,801 9.12%   811,421,684 GH/s
Dec 31 2015   103,880,340,815 11.16%   743,604,444 GH/s
Dec 18 2015   93,448,670,796   18.14%   668,931,642 GH/s
Dec 06 2015   79,102,380,900   8.77%   566,236,898 GH/s
Nov 24 2015   72,722,780,643   10.44%   520,569,941 GH/s
Nov 11 2015   65,848,255,180   5.77%   471,360,171 GH/s
Oct 29 2015   62,253,982,450   2.25%   445,631,364 GH/s
Oct 15 2015   60,883,825,480   0.12%   435,823,399 GH/s
Oct 01 2015   60,813,224,039   2.49%   435,318,014 GH/s
Sep 17 2015   59,335,351,234   4.17%   424,738,988 GH/s
Sep 04 2015   56,957,648,455   4.98%   407,718,729 GH/s
Aug 22 2015   54,256,630,328   2.95%   388,384,088 GH/s

Yeah it's strange for me.
1 Month ago S5 had around 40% of the cost. Now it's close to 80&

[galdur]

Well, the lower the BTC price the more satoshi you have per USD. And since you pay maintenance in USD - do the math I guess. Difficulty is way up too...

[crazyivan]

S5 prices are nicely adjusting the cruel reality however S7 hashes keep being brutally overpriced. There will be huge drop in price probably only after people realize that at this speed of difficulty growth the S7 will NOT survive halving.

Well, it is said that modern man suffers from lack of understanding of exponential functions. Doubling time, compounded interest etc.

Difficulty History

Date   Difficulty   Change   Hash Rate
Jan 26 2016   120,033,340,651 5.89%   859,232,121 GH/s
Jan 13 2016   113,354,299,801 9.12%   811,421,684 GH/s
Dec 31 2015   103,880,340,815 11.16%   743,604,444 GH/s
Dec 18 2015   93,448,670,796   18.14%   668,931,642 GH/s
Dec 06 2015   79,102,380,900   8.77%   566,236,898 GH/s
Nov 24 2015   72,722,780,643   10.44%   520,569,941 GH/s
Nov 11 2015   65,848,255,180   5.77%   471,360,171 GH/s
Oct 29 2015   62,253,982,450   2.25%   445,631,364 GH/s
Oct 15 2015   60,883,825,480   0.12%   435,823,399 GH/s
Oct 01 2015   60,813,224,039   2.49%   435,318,014 GH/s
Sep 17 2015   59,335,351,234   4.17%   424,738,988 GH/s
Sep 04 2015   56,957,648,455   4.98%   407,718,729 GH/s
Aug 22 2015   54,256,630,328   2.95%   388,384,088 GH/s

Yeah it's strange for me.
1 Month ago S5 had around 40% of the cost. Now it's close to 80&

Well, it s obvious after halving nothing will survive besides S7 and even that one will be at close to 90%. So, we need new miners, much more efficient or we need the price to go up big time.

[Getmon]

S5 prices are nicely adjusting the cruel reality however S7 hashes keep being brutally overpriced. There will be huge drop in price probably only after people realize that at this speed of difficulty growth the S7 will NOT survive halving.

Well, it is said that modern man suffers from lack of understanding of exponential functions. Doubling time, compounded interest etc.

Difficulty History

Date   Difficulty   Change   Hash Rate
Jan 26 2016   120,033,340,651 5.89%   859,232,121 GH/s
Jan 13 2016   113,354,299,801 9.12%   811,421,684 GH/s
Dec 31 2015   103,880,340,815 11.16%   743,604,444 GH/s
Dec 18 2015   93,448,670,796   18.14%   668,931,642 GH/s
Dec 06 2015   79,102,380,900   8.77%   566,236,898 GH/s
Nov 24 2015   72,722,780,643   10.44%   520,569,941 GH/s
Nov 11 2015   65,848,255,180   5.77%   471,360,171 GH/s
Oct 29 2015   62,253,982,450   2.25%   445,631,364 GH/s
Oct 15 2015   60,883,825,480   0.12%   435,823,399 GH/s
Oct 01 2015   60,813,224,039   2.49%   435,318,014 GH/s
Sep 17 2015   59,335,351,234   4.17%   424,738,988 GH/s
Sep 04 2015   56,957,648,455   4.98%   407,718,729 GH/s
Aug 22 2015   54,256,630,328   2.95%   388,384,088 GH/s

Yeah it's strange for me.
1 Month ago S5 had around 40% of the cost. Now it's close to 80&

Well, it s obvious after halving nothing will survive besides S7 and even that one will be at close to 90%. So, we need new miners, much more efficient or we need the price to go up big time.

If the 16 nm miner does not come out before halving, then S7 will last long time. 16 nm will kill most miners before it.