I think the Bitcoin difficulty will go down around October 10, 2014

[xstr8guy]

The prediction that difficulty is going down isn't looking very likely now. 

I heard people are getting their first batch of S4s delivered today.

I've also heard it's a small retail batch and they've  probably already been "burning them in". So that's not likely to have much of an effect.

But what will cause the difficulty to rise is the thousands of machines that Bitmain will be adding to Hashnest over the next month or two. Retail equipment shipped to home miners has become virtually insignificant compared to the massive farms that add can add 10's of PHs in a matter of days.

[1715581731]

1715581731

[1715581731]

1715581731

[1715581731]

1715581731

[1715581731]

1715581731

[philipma1957]

The prediction that difficulty is going down isn't looking very likely now. 

I heard people are getting their first batch of S4s delivered today.

I've also heard it's a small retail batch and they've  probably already been "burning them in". So that's not likely to have much of an effect.

But what will cause the difficulty to rise is the thousands of machines that Bitmain will be adding to Hashnest over the next month or two. Retail equipment shipped to home miners has become virtually insignificant compared to the massive farms that add can add 10's of PHs in a matter of days.

I think bitmaintech has the ability to add and take back far more hashpower then people realize.
As I type we are at

 + 2.84%  jump on btcwisdom
https://bitcoinwisdom.com/bitcoin/difficulty

 and about - 1% on bitcoincharts
http://www.bitcoincharts.com/

[SMB-2525]

But what will cause the difficulty to rise is the thousands of machines that Bitmain will be adding to Hashnest over the next month or two. Retail equipment shipped to home miners has become virtually insignificant compared to the massive farms that add can add 10's of PHs in a matter of days.

Is this a brand new generation of chips? Or repackage of the S3 chips? Thousands of miners in the pipeline imply some pretty aggressive business decisions that may prove unfortunate. Right now, at $1400 plus shipping, the S4 does not make sense verses buying BTC, so they are relying on unsophisticated purchasers or true believers who think the difficulty increases will drop below 10%.

[xstr8guy]

But what will cause the difficulty to rise is the thousands of machines that Bitmain will be adding to Hashnest over the next month or two. Retail equipment shipped to home miners has become virtually insignificant compared to the massive farms that add can add 10's of PHs in a matter of days.

Is this a brand new generation of chips? Or repackage of the S3 chips? Thousands of miners in the pipeline imply some pretty aggressive business decisions that may prove unfortunate. Right now, at $1400 plus shipping, the S4 does not make sense verses buying BTC, so they are relying on unsophisticated purchasers or true believers who think the difficulty increases will drop below 10%.

I didn't say they were shipping thousands of S4s to customers. I suggested that they would build thousands for their own Hashnest datacenters.

And once installed, they won't give a shit if they actually sell the cloudhashing. If they don't sell, they'll just mine with them. And you can be sure that they don't charge themselves $1400 per miner.

[philipma1957]

But what will cause the difficulty to rise is the thousands of machines that Bitmain will be adding to Hashnest over the next month or two. Retail equipment shipped to home miners has become virtually insignificant compared to the massive farms that add can add 10's of PHs in a matter of days.

Is this a brand new generation of chips? Or repackage of the S3 chips? Thousands of miners in the pipeline imply some pretty aggressive business decisions that may prove unfortunate. Right now, at $1400 plus shipping, the S4 does not make sense verses buying BTC, so they are relying on unsophisticated purchasers or true believers who think the difficulty increases will drop below 10%.

I didn't say they were shipping thousands of S4s to customers. I suggested that they would build thousands for their own Hashnest datacenters.

And once installed, they won't give a shit if they actually sell the cloudhashing. If they don't sell, they'll just mine with them. And you can be sure that they don't charge themselves $1400 per miner.

And this is why most of us can no longer mine at home.   

we are over paying for the gear. 


  buying the s-4 is  1400 usd after shipping     this is 70 cents a gh   

 more money per gh

asicminer sells the long tube for about  561 usd   you get 1400gh  that is 40 cents a gh  yeah you may not get it until oct 15th

but 40 cents a gh vs 70 cents a gh  is too big of a difference.

[lowbander80]

There always will be a company for the home miners...
i just dont understand is this the way that things are happening

first some company produces and deliver the miners building a name
then when the name is build they take preorders
then with the preorder money they mine with next generation or newer equipment
and theyforget customers cause they dont need them
after some time US marchals come into the company


Hope bitmain will not forget the customers that supported them
This product S4 had not been widely accepted as I see when S3/s1 was a success
Must be the odd numbers HI HI

[BitcoinHeroes]

Was hopping for a drop in difficulty too, but I don't think so..

[philipma1957]

Was hopping for a drop in difficulty too, but I don't think so..

yeah  a 2% jump is looking good.