New diff thread .diff in the 0.2% to 12.8% range. covers Nov 4 to Nov 17?

[philipma1957]

http://www.datacenterknowledge.com/archives/2014/11/06/knc-miner-to-build-another-20mw-for-bitcoin-mining-in-sweden/

yeah and here is what I think:


https://bitcointalk.org/index.php?topic=517976.msg9473670#msg9473670


they are sweating the load   as to the possibility of sabotage .


 Huge easy target location is known to many in a 'free' country.

a big incentive to do a meltdown.  

hell knc may insure their center and not give a shit if they are attacked.

In fact makes for a great move.  build it out then  hash for 20-40 days  let it burn  down.  'insurance job'.

40 days hashing at  40-50 ph and then poof.

this is a spec thread so I toss out many speculations

I  still say slow build out is the way to go.

[mavericklm]

insurance will work first time, the second...

[philipma1957]

insurance will work first time, the second...

yeah you get one of them at most.

in the mean time

https://bitcoinwisdom.com/bitcoin/difficulty


dropped a bit to (+9.61%)

Bitcoin Difficulty:   39,603,666,252
Estimated Next Difficulty:   43,410,637,762 (+9.61%)
Adjust time:   After 1499 Blocks, About 10.2 days
Hashrate(?):   285,704,897 GH/s
Block Generation Time(?):   
1 block: 9.8 minutes
3 blocks: 29.3 minutes
6 blocks: 58.6 minutes
Updated:   11:5 (4.6 minutes ago

and

 http://www.bitcoincharts.com/

jumped up to 2.16%

Blocks   329125
Total BTC   13.478M
 
Difficulty   39603666252
Estimated   40460574173 in 1499 blks
 
Network total   300775.267 Thash/s
Blocks/hour   6.37 / 566 s

so as usual the two websites are merging towards each others predications.

coins are around 340 usd

at 340 usd an s-3 goes into the red vs power at a diff of 93000m and 10 cent power.  

at 10% growth about 129 days

at 5% an s-3 would go into the red vs power at 240 days.

[judypug1956]

Coins are now over 370 usd.  This will cause faster growth. What fiat price do you think make growth go back over 10% for many jumps?

[philipma1957]

Coins are now over 370 usd.  This will cause faster growth. What fiat price do you think make growth go back over 10% for many jumps?

This is a spec thread  all guesses!


Growth has averaged about 9.2% Since June 29th 2014.   If we get to 500 usd we will stay above 12% for a while, but not that long.

To me this estimate below shows ideal case for an asic builder making a farm for his company.

at 268 a coin not a smart move - better off trying to sell more then build farms




at 368 a coin looks okay -better off with a 50- 50 mix of sales and farms



at 500 building farms looks pretty good.








 I just sold .5 btc for a 20 usd profit. But I am holding more coins hoping for larger numbers.



https://bitcoinwisdom.com/bitcoin/difficulty  =     + 8.53%

Bitcoin Difficulty:   39,603,666,252
Estimated Next Difficulty:   42,982,230,878 (+8.53%)
Adjust time:   After 1218 Blocks, About 8.2 days
Hashrate(?):   292,719,992 GH/s
Block Generation Time(?):   
1 block: 9.7 minutes
3 blocks: 29.1 minutes
6 blocks: 58.1 minutes
Updated:   7:35 (4.5 minutes ago)

http://www.bitcoincharts.com/   = + 3.62%


Blocks   329406
Total BTC   13.485M
 
Difficulty   39603666252
Estimated   41039903754 in 1218 blks
 
Network total   302738.079 Thash/s
Blocks/hour   6.41 / 562 s

[philipma1957]

okay midway in the diff jump about 1051 done and 1065 left and we are merging the two predictions kind of what usually happens each jump.


https://bitcoinwisdom.com/bitcoin/difficulty   = (+7.54%)


Bitcoin Difficulty:   39,603,666,252
Estimated Next Difficulty:   42,589,932,258 (+7.54%)
Adjust time:   After 1065 Blocks, About 7.2 days
Hashrate(?):   290,453,836 GH/s
Block Generation Time(?):   
1 block: 9.7 minutes
3 blocks: 29.2 minutes
6 blocks: 58.4 minutes
Updated:   9:15 (4.0 minutes ago)


http://www.bitcoincharts.com/   = (+ 4.23%)

Blocks   329558
Total BTC   13.489M
 
Difficulty   39603666252
Estimated   41282578576 in 1066 blks
 
Network total   279044.967 Thash/s
Blocks/hour   5.91 / 610 s

[notlist3d]

7 being high point and going down is at least better then we started at.  Hope it goes down more, but who knows at this point.

[seriouscoin]

7 being high point and going down is at least better then we started at.  Hope it goes down more, but who knows at this point.

i know .... based on this forums, i still see it going up. Hardware being bought by retards left and right, dont you see?

Good luck with your cheap watercooling parts btw  

[notlist3d]

7 being high point and going down is at least better then we started at.  Hope it goes down more, but who knows at this point.

i know .... based on this forums, i still see it going up. Hardware being bought by retards left and right, dont you see?

Good luck with your cheap watercooling parts btw  

I enjoy it.  I don't deny it.  Your attempt at trolling me about my watercooling parts wont work .  I have ordered parts to get by incase RMA does not come.  I have been here a long time.  I remember during GPU days with 8500 watts of them RMA was a common thing, i'm not new to it.   Its not the first or last thing i will RMA.

Yes I see sales here.  Part of this site is built around sales.  I do split it into two groups though.  Hobby miners and professional miners.  I myself am a hobby miner.  Even with cheap electricity and lots of power, I won't be building a few hundred thousand dollar center.   I have lots of room for new miners, I'm sure I will buy more again Its a hobby I enjoy.  Cheap electricity and lots of electricity and space allows me to do it.

I would argue a lot of the difficulty rise you cannot see as the professional centers really have no reason to announce it unless they are like KNC and seek publicity.  If you have never heard their PR firm speak at a conference you really should, I'm willing to bet they fired the firm by now but he was funny to listen to.  The sales you see on the forum are in no way the one controlling factor in difficulty increase.

And almost a funny troll on water cooling next time just add more substance to it.  I have already ordered higher quality parts while i wait on replacements.  

For example on more substance:

Notlist3d's C1 is the prefect noise suppression miner so quiet you cant hear it.

Notlist3d's miner went so green it no longer uses electricity.

And I'm sure you can top those if you try .  Also what is your electricity price? I have a theory that people who act like you 3/4 of time have higher priced electricity.

[philipma1957]

 With the price pushing 400

diff at https://bitcoinwisdom.com/bitcoin/difficulty   =   (+5.20 %)  

diff at http://www.bitcoincharts.com/ = (+3.03%)



 Things are not as  terrible   as  many say.  a steady 4%  would be very nice

[notlist3d]

With the price pushing 400

diff at https://bitcoinwisdom.com/bitcoin/difficulty   =   (+5.20 %)  

diff at http://www.bitcoincharts.com/ = (+3.03%)



 Things are not as  terrible   as  many say.  a steady 4%  would be very nice

I agree.  Thank you btw for doing these threads.  I enjoy seeing multiple sources and difficulty.   As a miner and observer it is something that has my eye.  Thanks again.

To go up so much in a little time shows why I enjoy bitcoin.  We knew it was low but cannot predict exact time it goes up. Watching the ride to 420's from a price much lower a day ago is a fun ride.   

Also a nice reward for those who are holding coins.  Not to mention miners, this will help out quite a few out there.  Hopefully it goes up even more but who knows.

[xstr8guy]

With the price pushing 400

diff at https://bitcoinwisdom.com/bitcoin/difficulty   =   (+5.20 %)  

diff at http://www.bitcoincharts.com/ = (+3.03%)



 Things are not as  terrible   as  many say.  a steady 4%  would be very nice

I agree.  Thank you btw for doing these threads.  I enjoy seeing multiple sources and difficulty.   As a miner and observer it is something that has my eye.  Thanks again.

To go up so much in a little time shows why I enjoy bitcoin.  We knew it was low but cannot predict exact time it goes up. Watching the ride to 420's from a price much lower a day ago is a fun ride.   

Also a nice reward for those who are holding coins.  Not to mention miners, this will help out quite a few out there.  Hopefully it goes up even more but who knows.

I am most definitely not a bitcoin optimist but...

This price rise is almost exactly mirroring last November's run-up to $1,100. 

[notlist3d]

With the price pushing 400

diff at https://bitcoinwisdom.com/bitcoin/difficulty   =   (+5.20 %)  

diff at http://www.bitcoincharts.com/ = (+3.03%)



 Things are not as  terrible   as  many say.  a steady 4%  would be very nice

I agree.  Thank you btw for doing these threads.  I enjoy seeing multiple sources and difficulty.   As a miner and observer it is something that has my eye.  Thanks again.

To go up so much in a little time shows why I enjoy bitcoin.  We knew it was low but cannot predict exact time it goes up. Watching the ride to 420's from a price much lower a day ago is a fun ride.   

Also a nice reward for those who are holding coins.  Not to mention miners, this will help out quite a few out there.  Hopefully it goes up even more but who knows.

I am most definitely not a bitcoin optimist but...

This price rise is almost exactly mirroring last November's run-up to $1,100. 

It looks nice.  We knew it was to low for a while, but it stuck there.  Now is the fun part of seeing how high we can go.  Even if it ends where it is now or goes down a little I extremely happy just to see a jump.

[seriouscoin]

The current price rise shows exactly why mining is a terrible investment for avg Joe.

Buying miner is like spent your BTC at low price while hoping to have ROI on those BTCs. You might be able to get those BTCs back + 10% in profits. Thats very unlikely as network difficulty will rise and rise ( not to mention the psychology effect of BTC price going up)


I spent the same amount on mining on buying BTC, i'm already making over 10% in profit. As the price going i'm not losing any opportunity to cash out or diverse my investment. I also dont have to spend time managing my tiny mining operation.


Mining has become a marginal incentives of BTC ecosystem, which is exactly what i expected. Its only for large scale with best electrical rate.

[philipma1957]

The current price rise shows exactly why mining is a terrible investment for avg Joe.

Buying miner is like spent your BTC at low price while hoping to have ROI on those BTCs. You might be able to get those BTCs back + 10% in profits. Thats very unlikely as network difficulty will rise and rise ( not to mention the psychology effect of BTC price going up)


I spent the same amount on mining on buying BTC, i'm already making over 10% in profit. As the price going i'm not losing any opportunity to cash out or diverse my investment. I also dont have to spend time managing my tiny mining operation.


Mining has become a marginal incentives of BTC ecosystem, which is exactly what i expected. Its only for large scale with best electrical rate.

no  instead of coins alone   you just do some  risk leveling.  buy btc and buy miners.  

I purchased s-3s'  and I purchased btc coins.  I will profit on both now.  

  In fact the s-3's I purchased last week are selling at a premium on ebay.  I have multiple options   while you have coins alone.  

This is why I am very serious about coins. I do appreciate your input minus curses and insults.

[philipma1957]

Numbers are looking pretty good today.  I am up to 5th in house.  I sold off 1 btc .  Still holding most of them.

BTC/USD: 428.95

https://bitcoinwisdom.com/bitcoin/difficulty = (+4.27%)

Bitcoin Difficulty:   39,603,666,252
Estimated Next Difficulty:   41,293,340,723 (+4.27%)
Adjust time:   After 803 Blocks, About 5.6 days
Hashrate(?):   277,356,294 GH/s
Block Generation Time(?):   
1 block: 9.9 minutes
3 blocks: 29.9 minutes
6 blocks: 59.7 minutes
Updated:   7:15 (7.2 minutes ago)


http://www.bitcoincharts.com/ (+2.07%)

Blocks   329822
Total BTC   13.496M
 
Difficulty   39603666252
Estimated   40425638626 in 802 blks
 
Network total   267234.875 Thash/s
Blocks/hour   5.66 / 637 s

[notlist3d]

Numbers are looking pretty good today.  I am up to 5th in house.  I sold off 1 btc .  Still holding most of them.

BTC/USD: 428.95

https://bitcoinwisdom.com/bitcoin/difficulty = (+4.27%)

Bitcoin Difficulty:   39,603,666,252
Estimated Next Difficulty:   41,293,340,723 (+4.27%)
Adjust time:   After 803 Blocks, About 5.6 days
Hashrate(?):   277,356,294 GH/s
Block Generation Time(?):   
1 block: 9.9 minutes
3 blocks: 29.9 minutes
6 blocks: 59.7 minutes
Updated:   7:15 (7.2 minutes ago)


http://www.bitcoincharts.com/ (+2.07%)

Blocks   329822
Total BTC   13.496M
 
Difficulty   39603666252
Estimated   40425638626 in 802 blks
 
Network total   267234.875 Thash/s
Blocks/hour   5.66 / 637 s

Looking good! My goal is to reach 10T in house.   Once my C2's are back alive I will be closer.

[mavericklm]

i will have at least 5.3th next week and i look at ~9th total. how much does the c1 sucks out of mains?
diff up with the price rising?

[philipma1957]

i will have at least 5.3th next week and i look at ~9th total. how much does the c1 sucks out of mains?
diff up with the price rising?

2-4% and price went over 425 usd.   really surprised me.  still 5 days to go  may jump back over 5%



I have 8 s-'3's   clocked about 440 each = 3520gh

I have 1 asicminer prisma running 1420gh

just under 5th  power about 4kwatts    this is an easy number for me  if I go past that it is more work.   I could do 2-4 more s-3's then I would be done.

I have a few s-3's in other locations

I have 19-21 coins. 

 Been fun so far.

[notlist3d]

i will have at least 5.3th next week and i look at ~9th total. how much does the c1 sucks out of mains?
diff up with the price rising?

I have 2 and both are down.  The draw around 830-840 each I believe at wall. With cold ambient for me they were really quiet when working.  (I cant check again because of dead pumps).

Building up I have been trying to go efficient as possible.  My worst one at this point is 1 of the original dragons.  It is still profitable, but less so with lower efficiency then others.

With decent priced electricity, a good amount of it still to expand, I am always looking to expand watching prices.   I got lucky with being on a farm so was set up for a good amount of electricity.  Have security system and cameras i can look at remotely, so I'm pretty happy with my setup right now.