intron (OP)
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November 20, 2014, 03:33:41 PM |
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Estimated Next Difficulty: 40,248,405,371 (-0.13%)
I never saw this before:)
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Elwar
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Viva Ut Vivas
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November 20, 2014, 03:35:09 PM |
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Price is down, miners turn off their machines or sell them when that happens.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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minerpumpkin
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November 20, 2014, 03:37:08 PM |
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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.
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I should have gotten into Bitcoin back in 1992...
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intron (OP)
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November 20, 2014, 03:43:53 PM |
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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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coinme.info
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November 22, 2014, 05:18:42 PM |
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Estimated Next Difficulty: 40,248,405,371 (-0.13%)
I never saw this before:)
Estimated Next Difficulty: 39,891,564,019 (-1.01%)
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philipma1957
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'The right to privacy matters'
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November 22, 2014, 06:37:43 PM |
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well it would be nice to string a few of these in a row.
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notlist3d
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November 22, 2014, 08:32:24 PM |
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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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gingpark
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-All Investment Has its Risks and Rewards-
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November 23, 2014, 06:08:24 PM |
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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.
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BTC: 1GuhJeyccy7Y39TCPLcBPxuYaXQotsWzfZ LTC: LhrLbraxjQHy1r7EU37wJhWsHvTMVmnZm9
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elduderino
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Using some expensive heaters
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November 23, 2014, 08:47:37 PM |
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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. 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.
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Do the things you know you must do first, then worry about the stuff you're not sure about.
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Argwai96
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Thug for life!
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November 24, 2014, 07:00:56 AM |
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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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SMB-2525
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November 24, 2014, 11:19:59 AM |
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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.
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coinme.info
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November 25, 2014, 04:19:19 AM |
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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%)
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gingpark
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-All Investment Has its Risks and Rewards-
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November 25, 2014, 05:25:20 AM |
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GO GO GO DIFFICULTY GO ...... down!!!
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BTC: 1GuhJeyccy7Y39TCPLcBPxuYaXQotsWzfZ LTC: LhrLbraxjQHy1r7EU37wJhWsHvTMVmnZm9
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philipma1957
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Merit: 7765
'The right to privacy matters'
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November 25, 2014, 01:07:33 PM |
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GO GO GO DIFFICULTY GO ...... down!!!
nice one I am on board with this!
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ujka
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November 25, 2014, 08:08:40 PM |
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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
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intron (OP)
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November 25, 2014, 09:25:08 PM |
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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
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Seketsuna
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November 26, 2014, 02:26:01 AM Last edit: November 26, 2014, 06:29:34 AM by Seketsuna |
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well the diff. went to -2, cold season + dropping of difficulty. A nice season it is
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philipma1957
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'The right to privacy matters'
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November 26, 2014, 04:06:47 AM |
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well the diff. went to -10, cold season + dropping of difficulty. A nice season it is 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
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gingpark
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-All Investment Has its Risks and Rewards-
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November 26, 2014, 07:15:33 AM |
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GO GO GO DIFFICULTY GO ...... down!!!
nice one I am on board with this! 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
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BTC: 1GuhJeyccy7Y39TCPLcBPxuYaXQotsWzfZ LTC: LhrLbraxjQHy1r7EU37wJhWsHvTMVmnZm9
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philipma1957
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Activity: 4102
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'The right to privacy matters'
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November 26, 2014, 12:04:48 PM |
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GO GO GO DIFFICULTY GO ...... down!!!
nice one I am on board with this! 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 If we strung/or averaged -1% from now until my birth day in late Jan. the price could stay at 350 usd.
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coinmaster222
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November 26, 2014, 12:11:12 PM |
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Well as long as i break even I will continue to mine next year save the bitcoin and hope for a price rise in months ahead.
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klondike_bar
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ASIC Wannabe
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November 26, 2014, 06:43:37 PM |
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My favorite thing is that a bitfury system from last September continues to churn out bitcoins at ~1.2w/gh profitably. When I bought the device almost Noone expected it to be profitable past 6-9 months of use.
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armedmilitia
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November 26, 2014, 08:44:43 PM |
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My favorite thing is that a bitfury system from last September continues to churn out bitcoins at ~1.2w/gh profitably. When I bought the device almost Noone expected it to be profitable past 6-9 months of use.
You must not pay that much for electricity if its still profitable. Are you out in Washington?
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fairlay
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November 27, 2014, 05:29:42 AM |
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we do prediction markets on the bitcoin difficulty: basically you predict (bet) if some difficulty is reached by a time or not. What might be interesting for everyone are the resulting data: you get probabilities: https://www.fairlay.com/event/category/bitcoin/difficulty/Currently people are not 100% convinced of the decrease: the probability for a decrease this year is only 76% (so if you predict on the decrease you still can make money if it actually happens)
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www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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FattyMcButterpants
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November 27, 2014, 01:59:45 PM |
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Estimated Next Difficulty: 40,248,405,371 (-0.13%)
I never saw this before:)
The difficulty declined twice last year, one of which was ~this time. With those two exceptions there was only one other time that the difficulty decreased in the history of bitcoin, although it did stay the same for several months (at "1") in the very early days of mining.
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beegatewood
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November 27, 2014, 02:26:06 PM |
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Negative diff hike should stay for long time, assuming bitcoin price don't suddenly sky rocket. So time to buy cloud mining!!
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ujka
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November 27, 2014, 02:33:26 PM |
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Estimated Next Difficulty: 40,248,405,371 (-0.13%)
I never saw this before:)
The difficulty declined twice last year, one of which was ~this time. With those two exceptions there was only one other time that the difficulty decreased in the history of bitcoin, although it did stay the same for several months (at "1") in the very early days of mining. ^Had to correct this. I counted 18 times that the diff decreased on adjustment, just some of that: 8 times in august - november 2011, 4 times in april - may 2012 2 times in december 2012 and once in january 2013
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intron (OP)
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November 27, 2014, 02:42:24 PM |
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Estimated Next Difficulty: 40,248,405,371 (-0.13%)
I never saw this before:)
The difficulty declined twice last year, one of which was ~this time. With those two exceptions there was only one other time that the difficulty decreased in the history of bitcoin, although it did stay the same for several months (at "1") in the very early days of mining. ^Had to correct this. I counted 18 times that the diff decreased on adjustment, just some of that: 8 times in august - november 2011, 4 times in april - may 2012 2 times in december 2012 and once in january 2013 I wasn't around at that time, so I never saw this before;)
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elduderino
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Using some expensive heaters
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November 27, 2014, 03:00:48 PM |
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Somebody pointed me to this site a little while back: http://nextdifficulty.com/Waiting (and mining) with anticipation!
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Do the things you know you must do first, then worry about the stuff you're not sure about.
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klondike_bar
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ASIC Wannabe
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November 27, 2014, 10:28:38 PM |
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seems a bit high. 2.5% movement downwards is my best guess
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klondike_bar
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Activity: 2128
Merit: 1005
ASIC Wannabe
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November 27, 2014, 10:30:06 PM |
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My favorite thing is that a bitfury system from last September continues to churn out bitcoins at ~1.2w/gh profitably. When I bought the device almost Noone expected it to be profitable past 6-9 months of use.
You must not pay that much for electricity if its still profitable. Are you out in Washington? $0.15/kwh IIRC the breakeven point for me right now is around 1.5w/GH - Ive been trying to sell off some of the older hardware to make sure i have only 1w/GH or better gear
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intron (OP)
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December 02, 2014, 11:59:15 PM |
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And here we go:
Dec 02 2014 40,007,470,271 -0.73% 286,384,627 GH/s
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