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Author Topic: - negative diff hike -  (Read 3307 times)
coinmaster222
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November 26, 2014, 12:11:12 PM
 #21

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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November 26, 2014, 06:43:37 PM
 #22

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.

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
No longer a wannabe - now an ASIC owner!
armedmilitia
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November 26, 2014, 08:44:43 PM
 #23

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?

Always use escrow. OgNasty is pretty sweet.

Help me out with compiling a list of mining datacenters!
fairlay
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November 27, 2014, 05:29:42 AM
 #24

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)

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
FattyMcButterpants
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November 27, 2014, 01:59:45 PM
 #25

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.
beegatewood
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November 27, 2014, 02:26:06 PM
 #26

Negative diff hike should stay for long time, assuming bitcoin price don't suddenly sky rocket. So time to buy cloud mining!!

ujka
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November 27, 2014, 02:33:26 PM
 #27

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
intron
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November 27, 2014, 02:42:24 PM
 #28

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;)


elduderino
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November 27, 2014, 03:00:48 PM
 #29

Somebody pointed me to this site a little while back:

http://nextdifficulty.com/

Waiting (and mining) with anticipation!

Do the things you know you must do first, then worry about the stuff you're not sure about.
klondike_bar
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November 27, 2014, 10:28:38 PM
 #30

Somebody pointed me to this site a little while back:

http://nextdifficulty.com/

Waiting (and mining) with anticipation!

seems a bit high. 2.5% movement downwards is my best guess

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
No longer a wannabe - now an ASIC owner!
klondike_bar
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November 27, 2014, 10:30:06 PM
 #31

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

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
No longer a wannabe - now an ASIC owner!
intron
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December 02, 2014, 11:59:15 PM
 #32

And here we go:

Dec 02 2014    40,007,470,271    -0.73%    286,384,627 GH/s

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