intron (OP)
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Activity: 427
Merit: 251
- electronics design|embedded software|verilog -
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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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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Elwar
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Activity: 3598
Merit: 2384
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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Activity: 427
Merit: 251
- electronics design|embedded software|verilog -
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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
Legendary
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Activity: 4102
Merit: 7764
'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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Activity: 1456
Merit: 1000
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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
Member
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Activity: 99
Merit: 10
-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.  |
BTC: 1GuhJeyccy7Y39TCPLcBPxuYaXQotsWzfZ
LTC: LhrLbraxjQHy1r7EU37wJhWsHvTMVmnZm9
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elduderino
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Activity: 143
Merit: 100
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.  |
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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Activity: 1036
Merit: 1000
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
Member
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Activity: 99
Merit: 10
-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
Legendary
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Activity: 4102
Merit: 7764
'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)
Sr. Member
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Activity: 427
Merit: 251
- electronics design|embedded software|verilog -
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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
Legendary
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Activity: 4102
Merit: 7764
'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
Member
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Activity: 99
Merit: 10
-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  |
BTC: 1GuhJeyccy7Y39TCPLcBPxuYaXQotsWzfZ
LTC: LhrLbraxjQHy1r7EU37wJhWsHvTMVmnZm9
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philipma1957
Legendary
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Activity: 4102
Merit: 7764
'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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