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intron
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November 20, 2014, 03:33:41 PM
 #1

Estimated Next Difficulty:    40,248,405,371 (-0.13%)

I never saw this before:)
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Elwar
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November 20, 2014, 03:35:09 PM
 #2

Price is down, miners turn off their machines or sell them when that happens.

PM me if you are ready to actually start seasteading.
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November 20, 2014, 03:37:08 PM
 #3

Yeah, it's mostly due to the price. It gets less and less profitable to run the current gear. And also, there seems to be no next-generation hardware coming online at the moment that may be more profitable.

I should have gotten into Bitcoin back in 1992...
intron
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November 20, 2014, 03:43:53 PM
 #4

Price is down, miners turn off their machines or sell them when that happens.

Wait for the firework when one of the big boys goes belly up...
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November 22, 2014, 05:18:42 PM
 #5

Estimated Next Difficulty:    40,248,405,371 (-0.13%)

I never saw this before:)

Estimated Next Difficulty:    39,891,564,019 (-1.01%)
philipma1957
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November 22, 2014, 06:37:43 PM
 #6

well it would be nice to string a few of these in a row.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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November 22, 2014, 08:32:24 PM
 #7

You have to remember some miners at this price cost more then they make.     I think a  lot of old hosted machines will start to be unplugged. 
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November 23, 2014, 06:08:24 PM
 #8

Yeah this is what would be expected ... honestly the price to me seems to be too low current, of course just my opinion.

Although I am sure higher prices will make everyone happy.

As a hobbyist miner the lower the difficulty the better it is for me. Cheesy

BTC: 1GuhJeyccy7Y39TCPLcBPxuYaXQotsWzfZ
LTC: LhrLbraxjQHy1r7EU37wJhWsHvTMVmnZm9
elduderino
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November 23, 2014, 08:47:37 PM
 #9

Yeah this is what would be expected ... honestly the price to me seems to be too low current, of course just my opinion.

Although I am sure higher prices will make everyone happy.

As a hobbyist miner the lower the difficulty the better it is for me. Cheesy

Roger that!

As long as the difficulty at least stays about where it is, and the price of BTC/USD does the same, I'll be looking a lot better than I thought I would when I purchase my latest round of gear roughly a month ago, which is awesome! I mean, who buys gear thinking that the difficulty might actually go down?

Do your research, use the calculators and make strategic purchases... and sometimes, just sometimes, you might get lucky. Smiley

Do the things you know you must do first, then worry about the stuff you're not sure about.
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November 24, 2014, 07:00:56 AM
 #10

You have to remember some miners at this price cost more then they make.     I think a  lot of old hosted machines will start to be unplugged. 
Generally speaking the unprofitable miners will be no longer the "fastest" miners on the market and would make up a small percentage of the overall network hashrate by the time they become unprofitable
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November 24, 2014, 11:19:59 AM
 #11

It appears to reflect that, at current BTC price,  there is no incentive to make the large investment required to bring a new generation of hardware on line. With a halving coming in 2016, they pay back on that investment is tenuous.

I think BTC prices are depressed because mining farms have to sell BTC to meet expenses. I think it also indicates the cost to mine in China might be higher than some people assume.
coinme.info
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November 25, 2014, 04:19:19 AM
 #12

Estimated Next Difficulty:    40,248,405,371 (-0.13%)

I never saw this before:)

Estimated Next Difficulty:    39,891,564,019 (-1.01%)


Estimated Next Difficulty:    39,621,045,932 (-1.68%)
gingpark
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November 25, 2014, 05:25:20 AM
 #13

GO GO GO DIFFICULTY GO ...... down!!!

BTC: 1GuhJeyccy7Y39TCPLcBPxuYaXQotsWzfZ
LTC: LhrLbraxjQHy1r7EU37wJhWsHvTMVmnZm9
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November 25, 2014, 01:07:33 PM
 #14

GO GO GO DIFFICULTY GO ...... down!!!


nice one I am on board with this!

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
ujka
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November 25, 2014, 08:08:40 PM
 #15

Estimated Next Difficulty:    40,248,405,371 (-0.13%)

I never saw this before:)

Estimated Next Difficulty:    39,891,564,019 (-1.01%)


Estimated Next Difficulty:    39,621,045,932 (-1.68%)
I'm seeing this:
7.47 days left until -2.83% growth
intron
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November 25, 2014, 09:25:08 PM
 #16

Estimated Next Difficulty:    40,248,405,371 (-0.13%)

I never saw this before:)

Estimated Next Difficulty:    39,891,564,019 (-1.01%)


Estimated Next Difficulty:    39,621,045,932 (-1.68%)
I'm seeing this:
7.47 days left until -2.83% growth

Estimated Next Difficulty:    39,465,146,903 (-2.07%)

Taken from https://bitcoinwisdom.com/bitcoin/difficulty

(Down boy, down!...

www.youtube.com/watch?v=aKfbSHW9uGA&t=1m29s Smiley

Seketsuna
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November 26, 2014, 02:26:01 AM
 #17

well the diff. went to -2, cold season + dropping of difficulty. A nice season it is Smiley
philipma1957
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November 26, 2014, 04:06:47 AM
 #18

well the diff. went to -10, cold season + dropping of difficulty. A nice season it is Smiley

this is a big point for me.

the   winter power cost drops from 16 cents to 13 cents.

saving on the heat drops me to 10 cents.  At 10 cents my 5.6th uses 4k and will make 575 a month

in the summer 313 a month. 

but there were times last year I was making 2k a month mostly nov dec jan 2013-2014.

unless we see a decent price jump mining may end for my tis spring.  these  -1 and -2 diff jumps or drops will help for a bit. but I can't see me mining past may 1 - july 1 of 2015

and I have sp20's and s-3's I am doing just under .7 watts for all of my gear combined

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
gingpark
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November 26, 2014, 07:15:33 AM
 #19

GO GO GO DIFFICULTY GO ...... down!!!


nice one I am on board with this!

 Grin and as well as we need the prices of BTC to go UP UP UP!!!

Honestly seems too low at the moment ... not trying to go to deep on price speculation in this thread but just my opinion.

Although surely everyone wants the prices to be as HIGH as possible Tongue

BTC: 1GuhJeyccy7Y39TCPLcBPxuYaXQotsWzfZ
LTC: LhrLbraxjQHy1r7EU37wJhWsHvTMVmnZm9
philipma1957
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November 26, 2014, 12:04:48 PM
 #20

GO GO GO DIFFICULTY GO ...... down!!!


nice one I am on board with this!

 Grin and as well as we need the prices of BTC to go UP UP UP!!!

Honestly seems too low at the moment ... not trying to go to deep on price speculation in this thread but just my opinion.

Although surely everyone wants the prices to be as HIGH as possible Tongue


If we strung/or averaged   -1% from now until my birth day in late Jan.  the price could stay at 350 usd.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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