Furio
Legendary
 Offline
Activity: 938
Merit: 1000
BTC | LTC | XLM | VEN | ARDR
|
 |
January 03, 2015, 08:33:17 AM |
|
Ok, so let me ask an on-topic question:
Where the hell is all this hashing power coming from?
Based on bitcoinwisdom it looks like we went from a 5% drop in hash rate to a 3.5% increase in a week. 8.5%. What's more it's taking on average 9 minutes to find a block, or a 10% boost in hashing power (or serious luck).
Where did 10% of new hashing power come from in 7 days? Bitmain? Maybe, but 30 petahashes (10% of 307ph) is 15,000 2th miners. That's either a lot of miners or my math is way, way off.
china is my guess, they have easy access to asic and other stuff, they have free electricity also Since when china have free electricity? Probably if you own the power plant but am I missing something? There is many places where electricity is below .10$/kw/h In Turkmenistan it's free for all citizins.... |
|
|
|
rjshoemaker
Newbie
Offline
Activity: 24
Merit: 0
|
|
January 05, 2015, 09:22:18 PM |
|
I am Glad to see a reduction in bitcoin difficulty, I was getting ready to pull the plug altogether  |
|
|
|
|
jadefalke
Legendary
Offline
Activity: 1457
Merit: 1014
|
|
January 05, 2015, 10:06:50 PM |
|
I am Glad to see a reduction in bitcoin difficulty, I was getting ready to pull the plug altogether you should reconsider it, the next diff will be +14% at least... |
|
|
|
|
ensano
Newbie
Offline
Activity: 56
Merit: 0
|
|
January 05, 2015, 10:12:36 PM |
|
I am Glad to see a reduction in bitcoin difficulty, I was getting ready to pull the plug altogether sorry to break it to you but it's going up 15% on this next jump. |
|
|
|
|
lightfoot
Legendary
Offline
Activity: 3108
Merit: 2240
I fix broken miners. And make holes in teeth :-)
|
|
January 05, 2015, 10:22:18 PM |
|
20%. But that's ok, one can make 300% profits in mining. :-)
Edit: No, maybe not...
|
|
|
|
|
|
timk225
|
|
January 06, 2015, 12:45:46 AM |
|
What kind of idiot considers higher difficulty to be good?
The price is steadily dropping also, is that good?
|
|
|
|
|
ensano
Newbie
Offline
Activity: 56
Merit: 0
|
|
January 06, 2015, 02:14:20 AM |
|
What kind of idiot considers higher difficulty to be good?
The price is steadily dropping also, is that good?
price dropping is good for the home miner. Lots of operations are operating on razor thin margins. When price drops, unprofitable machines get turned off and difficulty drops with it. |
|
|
|
|
|
RD965
|
|
January 06, 2015, 11:01:28 AM |
|
20%. But that's ok, one can make 300% profits in mining. :-)
Edit: No, maybe not...
Still a lot more profitable than your average business |
|
|
|
|
sethminer14
Member
Offline
Activity: 98
Merit: 10
|
|
January 06, 2015, 04:17:41 PM |
|
Yeah I haven't felt a difference so far...
|
|
|
|
|
dr1980m
|
|
January 06, 2015, 05:07:38 PM |
|
Last situation mining is died for me
even cloud mining is die too
its not portable now..
|
|
|
|
|
|
RD965
|
|
January 07, 2015, 11:17:47 AM |
|
Last situation mining is died for me
even cloud mining is die too
its not portable now..
Check your english before posting please Cloud mining is always been a scam, if not it wouldnt be profitable Portable is a different thing that profitable dude |
|
|
|
|
mistercoin
Legendary
Offline
Activity: 1044
Merit: 1000
https://r.honeygain.me/XEDDM2B07C
|
|
January 07, 2015, 03:44:15 PM |
|
I was surprised when the difficulty went down also..but the change is not enough to really make a big difference.
|
|
|
|
|
Seketsuna
|
|
January 08, 2015, 11:56:13 AM |
|
Last situation mining is died for me
even cloud mining is die too
its not portable now..
Check your english before posting please Cloud mining is always been a scam, if not it wouldnt be profitable Portable is a different thing that profitable dude the things i do for my sig campaign  This made my made lol |
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
January 08, 2015, 12:08:12 PM |
|
it seems that next difficulty is new ATH again... Estimated Next Difficulty: 45,105,899,137 (+10.99%) i wonder if next difficulty will drop like litecoin difficulty https://bitcoinwisdom.com/litecoin/difficultythe graph is so similiar  |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
|
|
|
RD965
|
|
January 08, 2015, 05:18:34 PM |
|
Last situation mining is died for me
even cloud mining is die too
its not portable now..
Check your english before posting please Cloud mining is always been a scam, if not it wouldnt be profitable Portable is a different thing that profitable dude the things i do for my sig campaign This made my made lol Oh yeah the things you do Pot kettle |
|
|
|
|
|
DustyRah
|
|
January 09, 2015, 02:08:48 AM |
|
The next difficulty will be 10% more at 44283444912. Good luck to the miners!
|
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
January 09, 2015, 04:03:34 AM |
|
The next difficulty will be 10% more at 44283444912. Good luck to the miners!
not too bad, at least its not 20% increase as it used to be |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
|
|
|
Bitsaurus
|
|
January 09, 2015, 10:00:46 PM |
|
The next difficulty will be 10% more at 44283444912. Good luck to the miners!
not too bad, at least its not 20% increase as it used to be 10% increase with 10% fiat exchange rate drop - might as well effectively be the same thing. |
|
|
|
|
sevenseas
Newbie
Offline
Activity: 33
Merit: 0
|
|
January 15, 2015, 07:20:42 PM |
|
So, GAW miners isn't profitable now?
|
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
January 16, 2015, 12:52:20 AM |
|
So, GAW miners isn't profitable now?
i wonder which miner is still profitable now ? |
"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com |
|
|
|
