The difficulty HAS BEEN REDUCED!!!!

[noobtrader]

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!

what matter for miner is the price of btc, i dont mind mining and get 50% less reward if the price of btc tripled. the problem is that halving does not affect price.

[picolo]

The next difficulty change could be neither up or down :

Bitcoin Difficulty:   46,684,376,317
Estimated Next Difficulty:   47,278,363,227 (+1.27%)
Adjust time:   After 158 Blocks, About 1.1 days

https://bitcoinwisdom.com/bitcoin/difficulty

[Walt Sobchak]

If you're an average miner and not overflowing with cash, the difficulty reduction meant nothing for you.

[Mousepotato]

And I thought being stuck at 1.2M difficulty was bad. Yikes!

[picolo]

If you're an average miner and not overflowing with cash, the difficulty reduction meant nothing for you.

If you were making 0.2/week and you now make 0.22 instead of 0.18 for several weeks, it is very nice and can double your profits after maintenance costs.

[kuusj98]

If you're an average miner and not overflowing with cash, the difficulty reduction meant nothing for you.

If you were making 0.2/week and you now make 0.22 instead of 0.18 for several weeks, it is very nice and can double your profits after maintenance costs.

Mining has absolutely no point in doing. Especially not Cloud mining, you will 99/100 times lose money and if you make fat stacks 12,5% ROI per week *COUGH* LTC-Gear *COUGH* it will most likely be a scam.
Anyway, getting 0.22 per week instead of 0.18 is sure as hell nice. But what if the prices drop even more?

[RD965]

If you're an average miner and not overflowing with cash, the difficulty reduction meant nothing for you.

If you were making 0.2/week and you now make 0.22 instead of 0.18 for several weeks, it is very nice and can double your profits after maintenance costs.

Mining has absolutely no point in doing. Especially not Cloud mining, you will 99/100 times lose money and if you make fat stacks 12,5% ROI per week *COUGH* LTC-Gear *COUGH* it will most likely be a scam.
Anyway, getting 0.22 per week instead of 0.18 is sure as hell nice. But what if the prices drop even more?

Some people can afford to mine at a loss, and that makes it a profitable business

[alani123]

If you're an average miner and not overflowing with cash, the difficulty reduction meant nothing for you.

If you were making 0.2/week and you now make 0.22 instead of 0.18 for several weeks, it is very nice and can double your profits after maintenance costs.

Mining has absolutely no point in doing. Especially not Cloud mining, you will 99/100 times lose money and if you make fat stacks 12,5% ROI per week *COUGH* LTC-Gear *COUGH* it will most likely be a scam.
Anyway, getting 0.22 per week instead of 0.18 is sure as hell nice. But what if the prices drop even more?

Some people can afford to mine at a loss, and that makes it a profitable business

This doesn't make it a profitable business, this is what's making competitive business. The home miner game is still alive, people know that renting mine power from a service like hashnest could cost them less than maintaining their own, yet they trust their own hardware more.

I personally know people that mine at home 24/7 with not more than a single Th/s. They know that electricity might be costing them more but are betting on a price increase.

[ezeminer]

--snip
Many quotes
--snip

Some people can afford to mine at a loss, and that makes it a profitable business

This doesn't make it a profitable business, this is what's making competitive business. The home miner game is still alive, people know that renting mine power from a service like hashnest could cost them less than maintaining their own, yet they trust their own hardware more.

I personally know people that mine at home 24/7 with not more than a single Th/s. They know that electricity might be costing them more but are betting on a price increase.

I will admit that I do this, I like my two s3's supporting the network, even if my electricity cost and mining profits almost zero out each other. I never will ROI, unless I sell my gear. But I enjoy making some coin here and there. And I can always diagnose my problems on the spot incase something happens.

[brutalick]

Hi,

Do you think that investing in hardware now would make sense?

I am interested in mining but have no experience.

[ChuckBuck]

Hi,

Do you think that investing in hardware now would make sense?

I am interested in mining but have no experience.

Sense?  Only if you have free unlimited solar power, free cooling from the Antartic winds, and a warehouse or co-lo center passed on to you by inheritance somehow:

[Mikestang]

Some people can afford to mine at a loss, and that makes it a profitable business

Uh, what?  It's not "at a loss" if is is "a profitable business", you have to pick one.

I mine for hobby, I mine at a loss, I want to see the difficulty go down down down!

[ezeminer]

Some people can afford to mine at a loss, and that makes it a profitable business

Uh, what?  It's not "at a loss" if is is "a profitable business", you have to pick one.

I mine for hobby, I mine at a loss, I want to see the difficulty go down down down!

I think he means at the time it is at a loss because the coins mined would equal less than the electricity bill.
But he also means it is profitable if the BTC price jumps up, like january to march lows of $180 to highs of almost $300

[lightfoot]

Maybe, but why not just buy coin on the market? Note I think this is why difficulty has been so stuck as of late, the 10nm technology just doesn't seem to be appearing.

[ezeminer]

Maybe, but why not just buy coin on the market? Note I think this is why difficulty has been so stuck as of late, the 10nm technology just doesn't seem to be appearing.

we haven't even broken 20nm publicly, maybe knc, or someone did it privately but...

[noobtrader]

with halving issue next year and btc price, i doubt anyone even consider developing 20nm atm unless they have a plan to mine it all for themself and dump all teh coin...

[Amph]

Hi,

Do you think that investing in hardware now would make sense?

I am interested in mining but have no experience.

better not, it would make sense only if the price would rise so fast that the dif won't keep up with it, this will create a "profitability window"

[Furio]

Hi,

Do you think that investing in hardware now would make sense?

I am interested in mining but have no experience.

better not, it would make sense only if the price would rise so fast that the dif won't keep up with it, this will create a "profitability window"

Only if you don't pay electricity Turkmenistan citizins have free electricit, let's all emigrate

[emdje]

Hi,

Do you think that investing in hardware now would make sense?

I am interested in mining but have no experience.

better not, it would make sense only if the price would rise so fast that the dif won't keep up with it, this will create a "profitability window"

Only if you don't pay electricity Turkmenistan citizins have free electricit, let's all emigrate

Not anymore 
http://centralasiaonline.com/en_GB/articles/caii/features/main/2013/10/31/feature-01

[Minerjoe]

How sustainable this growth is guys? I mean getting 10% per month, having in mind this base s not an easy thing to do.