Next difficulty increase?

[funtotry]

last difficulty jump knocked out the s1.  the s1's efficiency lasted close to a year.  i wonder how long it will take to say bye to the s3's ?

S1 isn't dead yet. Undervolted it can go as low as 1.19 W/GH @ 140GH/s. Places with cheap electricity can still run em fine... Man, I wish I lived in Venezuela, their electricity is so cheap ($0.005/KWH @ unofficial exchange rates) that even operating an ASICMINER blade (7.5w/gh) is still profitable.

Daily revenue of 10GH @ current diff:
5.2¢

Daily power costs of 75W @ unofficial exchange rate:
0.8¢

ASICMINER Blades will be profitable in Venezuala until difficulty crosses 220 billion. Hot damn.
Antminer S1's will be profitable until difficulty is well over a trillion...

I am undervolted and profitable, even if you buy one today you can ROI, most caluclators use difficulty increase at 10% this isn't true were actually only going up 2% this time and probably won't see a 10% increase for a while. If you put it at 5% on the calculators an S1 undervolted will roit in 145 days (at .06 kwh)

This is a very brave assumption to make. We have not seen this small of difficulty increases last that long for a very long time (if ever). I think there is a good chance we will not see huge increases anymore however this is far from a guarantee and will likely turn out to not be true if the price of bitcoin starts to increase dramatically again

[xstr8guy]

last difficulty jump knocked out the s1.  the s1's efficiency lasted close to a year.  i wonder how long it will take to say bye to the s3's ?

S1 isn't dead yet. Undervolted it can go as low as 1.19 W/GH @ 140GH/s. Places with cheap electricity can still run em fine... Man, I wish I lived in Venezuela, their electricity is so cheap ($0.005/KWH @ unofficial exchange rates) that even operating an ASICMINER blade (7.5w/gh) is still profitable.

Daily revenue of 10GH @ current diff:
5.2¢

Daily power costs of 75W @ unofficial exchange rate:
0.8¢

ASICMINER Blades will be profitable in Venezuala until difficulty crosses 220 billion. Hot damn.
Antminer S1's will be profitable until difficulty is well over a trillion...

I am undervolted and profitable, even if you buy one today you can ROI, most caluclators use difficulty increase at 10% this isn't true were actually only going up 2% this time and probably won't see a 10% increase for a while. If you put it at 5% on the calculators an S1 undervolted will roit in 145 days (at .06 kwh)

This is a very brave assumption to make. We have not seen this small of difficulty increases last that long for a very long time (if ever). I think there is a good chance we will not see huge increases anymore however this is far from a guarantee and will likely turn out to not be true if the price of bitcoin starts to increase dramatically again

You're right on the money!

I find it fascinating that some people can take a single difficulty adjustment of 1% and think its a trend, lol. The adjustment before this one was 16% and a few before that was an adjustment of nearly 21%. If someone sees a trend anywhere near 5%, they're dreaming!

[philipma1957]

last difficulty jump knocked out the s1.  the s1's efficiency lasted close to a year.  i wonder how long it will take to say bye to the s3's ?

S1 isn't dead yet. Undervolted it can go as low as 1.19 W/GH @ 140GH/s. Places with cheap electricity can still run em fine... Man, I wish I lived in Venezuela, their electricity is so cheap ($0.005/KWH @ unofficial exchange rates) that even operating an ASICMINER blade (7.5w/gh) is still profitable.

Daily revenue of 10GH @ current diff:
5.2¢

Daily power costs of 75W @ unofficial exchange rate:
0.8¢

ASICMINER Blades will be profitable in Venezuala until difficulty crosses 220 billion. Hot damn.
Antminer S1's will be profitable until difficulty is well over a trillion...

I am undervolted and profitable, even if you buy one today you can ROI, most caluclators use difficulty increase at 10% this isn't true were actually only going up 2% this time and probably won't see a 10% increase for a while. If you put it at 5% on the calculators an S1 undervolted will roit in 145 days (at .06 kwh)

This is a very brave assumption to make. We have not seen this small of difficulty increases last that long for a very long time (if ever). I think there is a good chance we will not see huge increases anymore however this is far from a guarantee and will likely turn out to not be true if the price of bitcoin starts to increase dramatically again

You're right on the money!

I find it fascinating that some people can take a single difficulty adjustment of 1% and think its a trend, lol. The adjustment before this one was 16% and a few before that was an adjustment of nearly 21%. If someone sees a trend anywhere near 5%, they're dreaming!

I agree I have tracked  a trend of 10% over 105 days.   which is not close to 5% once you compound it the difference between 10% and 5% is huge.

 I can guarantee  that if price jumps to 600 usd   the 10% will slip higher. 

[scarsbergholden]

last difficulty jump knocked out the s1.  the s1's efficiency lasted close to a year.  i wonder how long it will take to say bye to the s3's ?

S1 isn't dead yet. Undervolted it can go as low as 1.19 W/GH @ 140GH/s. Places with cheap electricity can still run em fine... Man, I wish I lived in Venezuela, their electricity is so cheap ($0.005/KWH @ unofficial exchange rates) that even operating an ASICMINER blade (7.5w/gh) is still profitable.

Daily revenue of 10GH @ current diff:
5.2¢

Daily power costs of 75W @ unofficial exchange rate:
0.8¢

ASICMINER Blades will be profitable in Venezuala until difficulty crosses 220 billion. Hot damn.
Antminer S1's will be profitable until difficulty is well over a trillion...

I am undervolted and profitable, even if you buy one today you can ROI, most caluclators use difficulty increase at 10% this isn't true were actually only going up 2% this time and probably won't see a 10% increase for a while. If you put it at 5% on the calculators an S1 undervolted will roit in 145 days (at .06 kwh)

This is a very brave assumption to make. We have not seen this small of difficulty increases last that long for a very long time (if ever). I think there is a good chance we will not see huge increases anymore however this is far from a guarantee and will likely turn out to not be true if the price of bitcoin starts to increase dramatically again

You're right on the money!

I find it fascinating that some people can take a single difficulty adjustment of 1% and think its a trend, lol. The adjustment before this one was 16% and a few before that was an adjustment of nearly 21%. If someone sees a trend anywhere near 5%, they're dreaming!

I agree I have tracked  a trend of 10% over 105 days.   which is not close to 5% once you compound it the difference between 10% and 5% is huge.

 I can guarantee  that if price jumps to 600 usd   the 10% will slip higher. 

I would say that if we start to see large jumps in price then we will probably see large jumps in difficulty as people with less efficient miners start to bring their machines back online and people start to buy/manufacture larger mining farms. This is primarily the reason why I am hesitant to buy additional cloud mining power as it will become less efficient as difficulty increases and I predict that difficulty will rise along with the price of bitcoin....I am overall bullish on the price of bitcoin

[MelodyRowell]

People need to stop letting manufacturer make money, its good money for them and they will mass manufacturer non-stop..