The difficulty HAS BEEN REDUCED!!!!

[RD965]

i just hope that difficulty will stay below 50.000.000.000 till next year. but maybe i ask too much ?

Its not about asking, its about a big race    Never slows down

indeed it will never slow maybe some point when diff gets to a point that putting more power on wont budge it and its getting  to that point already. I remember first starting out with avalon aiscs making 2 to 3 btc per day with only 90GH them days are well over. Now you need like 80 to 100TH for making 1 BTC per day and much power is needed for that and right now its not cost effective. Everyone might as well turn their rigs off unles free energy.

Agree but the point is, mining is an incentive to earn money, and the market is full of devices and options (profitable atm or not)

Profitability depends on the price, most are mining at a loss, some are profiting, as for every business

As new asics come and the chips have a better hashrate/power consumption ratio the market will evolve to catch up, and the game goes on

[noobtrader]

i just hope that difficulty will stay below 50.000.000.000 till next year. but maybe i ask too much ?

Its not about asking, its about a big race    Never slows down

indeed it will never slow maybe some point when diff gets to a point that putting more power on wont budge it and its getting  to that point already. I remember first starting out with avalon aiscs making 2 to 3 btc per day with only 90GH them days are well over. Now you need like 80 to 100TH for making 1 BTC per day and much power is needed for that and right now its not cost effective. Everyone might as well turn their rigs off unles free energy.

Agree but the point is, mining is an incentive to earn money, and the market is full of devices and options (profitable atm or not)

Profitability depends on the price, most are mining at a loss, some are profiting, as for every business

As new asics come and the chips have a better hashrate/power consumption ratio the market will evolve to catch up, and the game goes on

lets hope that asic maker  play fair and let us buy miner comparable to their newest miner.

[RD965]

i just hope that difficulty will stay below 50.000.000.000 till next year. but maybe i ask too much ?

Its not about asking, its about a big race    Never slows down

indeed it will never slow maybe some point when diff gets to a point that putting more power on wont budge it and its getting  to that point already. I remember first starting out with avalon aiscs making 2 to 3 btc per day with only 90GH them days are well over. Now you need like 80 to 100TH for making 1 BTC per day and much power is needed for that and right now its not cost effective. Everyone might as well turn their rigs off unles free energy.

Agree but the point is, mining is an incentive to earn money, and the market is full of devices and options (profitable atm or not)

Profitability depends on the price, most are mining at a loss, some are profiting, as for every business

As new asics come and the chips have a better hashrate/power consumption ratio the market will evolve to catch up, and the game goes on

lets hope that asic maker  play fair and let us buy miner comparable to their newest miner.

Thats the thing this is a business

You just need a bit of perspective, use it!

If you where them, would you? Or would you mine first and then sell them once youre on the track of a new one? Because thats how it works

[coinpr0n]

I sorta saw that coming as the growth was crazy and the profit was becoming less all the time. The adjusting difficulty is a great system.

[RD965]

I sorta saw that coming as the growth was crazy and the profit was becoming less all the time. The adjusting difficulty is a great system.

It really is, but sometimes is not very profitable 

Just competitive advantage for the big guys

[noobtrader]

i wonder what will happen after next halving...

last halving was offset by asic, if i remember right...

[crazyearner]

i wonder what will happen after next halving...

last halving was offset by asic, if i remember right...

Not much other than the rewards being 50% of what it is now and maybe see some price increase but again it is ahrd to say depending on demands and how much demand their is for it. Right now it seems theirs not much demands as many company are taking it on but soon remove it due to them not seeing any results with it and not giving it enough time to develop and have people using it as a customer. Lots of business have took it n but it needs more people to  use it before we all see some serious price increases and it stick to that price and not have bubbles like we did back in dec 2013

[noobtrader]

i wonder what will happen after next halving...

last halving was offset by asic, if i remember right...

Not much other than the rewards being 50% of what it is now and maybe see some price increase but again it is ahrd to say depending on demands and how much demand their is for it. Right now it seems theirs not much demands as many company are taking it on but soon remove it due to them not seeing any results with it and not giving it enough time to develop and have people using it as a customer. Lots of business have took it n but it needs more people to  use it before we all see some serious price increases and it stick to that price and not have bubbles like we did back in dec 2013

exactly, if reward were just 50% of todays and price stay at 300 range, i think alot of miner will go offline and hashrate will drop, in the past this was prevented because asic entering the market. it was sooo profitable that lead to hashrate bubble.

[Amph]

i wonder what will happen after next halving...

last halving was offset by asic, if i remember right...

the price must rise to compensate, otherwise there is a problem, surely miner will shutdown if the price won't rise as they would get 50% less income

[RD965]

i wonder what will happen after next halving...

last halving was offset by asic, if i remember right...

the price must rise to compensate, otherwise there is a problem, surely miner will shutdown if the price won't rise as they would get 50% less income

Exactly, normally mining doesn't affect the price, but halving always have a positive effect (offer/demand theory)

[abyrnes81]

I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.

[RD965]

I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.

More profitable than what? Litecoin mining?

[abyrnes81]

I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.

More profitable than what? Litecoin mining?

It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price."

[RD965]

I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.

More profitable than what? Litecoin mining?

It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price."

Were talking algos here, more than just coins

Scrypt has a better choice, and with a good plan you can be extra profitable

[abyrnes81]

I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.

More profitable than what? Litecoin mining?

It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price."

Were talking algos here, more than just coins

Scrypt has a better choice, and with a good plan you can be extra profitable

Yeah you are right, the sha-256 mining is almost died. The most profitable at the moment (if you always have free electricity and hardware machines at good price) is the scrypt mining for sure.

However news for some new machine "sha-256 & scrypt" ? or nothing ?

[RD965]

I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.

More profitable than what? Litecoin mining?

It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price."

Were talking algos here, more than just coins

Scrypt has a better choice, and with a good plan you can be extra profitable

Yeah you are right, the sha-256 mining is almost died. The most profitable at the moment (if you always have free electricity and hardware machines at good price) is the scrypt mining for sure.

However news for some new machine "sha-256 & scrypt" ? or nothing ?

Even gpu mining coud still be profitable if you managed well (im one of those heros lol)

[abyrnes81]

I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.

More profitable than what? Litecoin mining?

It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price."

Were talking algos here, more than just coins

Scrypt has a better choice, and with a good plan you can be extra profitable

Yeah you are right, the sha-256 mining is almost died. The most profitable at the moment (if you always have free electricity and hardware machines at good price) is the scrypt mining for sure.

However news for some new machine "sha-256 & scrypt" ? or nothing ?

Even gpu mining coud still be profitable if you managed well (im one of those heros lol)

Are you talking about the "instamining" of an altcoin after its release ? I think this is only the way for "gain" some bitcoin from GPU mining.

[RD965]

I do not think it is more profitable the bitcoin mining, only if you don't pay the electricity (or pay less) and have the hardware machines at a good price.

More profitable than what? Litecoin mining?

It isn't more profitable , all the CryptoCurrency mining "only if you don't pay the electricity (or pay less) and have the hardware machines at a good price."

Were talking algos here, more than just coins

Scrypt has a better choice, and with a good plan you can be extra profitable

Yeah you are right, the sha-256 mining is almost died. The most profitable at the moment (if you always have free electricity and hardware machines at good price) is the scrypt mining for sure.

However news for some new machine "sha-256 & scrypt" ? or nothing ?

Even gpu mining coud still be profitable if you managed well (im one of those heros lol)

Are you talking about the "instamining" of an altcoin after its release ? I think this is only the way for "gain" some bitcoin from GPU mining.

Instamining is always impossible, I hardly ever got big returns on that

They key is watch the markets and the liquidity of the coin in some moments, as it was a stock

Aint easy dude

[Hazir]

So I have a question for miners. Was this reduction of mining difficulty really significant? Because after almost 3 months I did not see any changes in trade market. So I think that change was just cosmetic. And I also think recent bitcoin rise was not caused by this at all.

[RD965]

So I have a question for miners. Was this reduction of mining difficulty really significant? Because after almost 3 months I did not see any changes in trade market. So I think that change was just cosmetic. And I also think recent bitcoin rise was not caused by this at all.

Ask it yourself

If youre running a business and suddenly you can produce 10% extra for free, wouldn it be allright?

Also use more points of view. If the diff rises, your profits go down by the percentaje it goes up!