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Author Topic: Mining difficulty rate!!  (Read 12363 times)
SgtSpike
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May 27, 2011, 03:00:38 AM
 #81

Even then, it still takes some time for difficulty to catch up because of how the difficulty-calculating algorithm works.

Good point.

To show this in effect, notice that we just had a difficulty increase, yet we are still finding blocks faster than 6 per hour. (We are at around 10-11 per hour.)

The difficulty adjusted to the average of the last period, but by the end of the period, we were above the average.
Someone correct me if I am wrong, but I believe the block/hr numbers are based on a 24 or 48 hr period.  So we still have quite a few hours of high block-finding-rates from the previous difficulty included in the latest calculation at bitcoincharts (which is where I am assuming you got the blocks/hr number).

Right now though, it says 8.87 blocks/hr.  I imagine that number will continue to decrease for a bit longer as the older stats are thrown out of the average.
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jspielberg
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May 27, 2011, 03:18:25 AM
 #82

I have been collecting my own block solving stats and the network since the difficulty retarget has been averaging between 7 and 7.5 Blocks/hour.

steelhouse
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May 27, 2011, 03:30:38 AM
 #83

You can go to the frontpage of blockexplorer and see last 19 blocks took about 2:39.  Thus rate is 7.17 for last 19 blocks. or 3.7 Th/s total network speed.
sead
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May 27, 2011, 06:49:20 AM
 #84

[dramatic classical music]

Difficulty adjusts to 434,877, a 78% increase

[taadaa.wav]

ps. maybe you should just adapt your reality and think like the difficulty and not the dollar rate represents how mutch
     a btc is worth in the near future Smiley
Chucksta
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May 27, 2011, 08:04:49 AM
 #85

We must be down to 1 BTC per day per card now, roughly.
SgtSpike
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May 27, 2011, 04:57:24 PM
 #86

We must be down to 1 BTC per day per card now, roughly.
Sounds about right, at least for the higher end cards or well-optimized ones.  Personally, I'm down to about 0.5BTC/card, but I have a 4650 in the mix.  Tongue
jasonk
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May 28, 2011, 01:03:20 AM
 #87

4x 5830's and 2x 5850's and only pulling in about 3.7 BTC a day.

Like my post?  Consider giving me a tip! =)

1HSj4CoNarcJ2B8Mi2EY6AtDWkUemYTWkQ
Basiley
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May 28, 2011, 01:11:05 AM
 #88

when someone tired of mining and want to cheaply sell some hw to me -PM me Tongue
allinvain
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May 28, 2011, 02:11:43 AM
 #89

I got dibs on any 5870s Smiley

xenon481
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May 28, 2011, 02:33:11 AM
 #90

when someone tired of mining and want to cheaply sell some hw to me -PM me Tongue

I am willing to sell you my (only used for 3 days) 5850 for 23BTC.

Tips Appreciated: 171TQ2wJg7bxj2q68VNibU75YZB22b7ZDr
allinvain
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May 28, 2011, 02:38:40 AM
 #91

when someone tired of mining and want to cheaply sell some hw to me -PM me Tongue

I am willing to sell you my (only used for 3 days) 5850 for 23BTC.

Hmm 201.25. How's maybe $180 ? Wink


Chucksta
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May 28, 2011, 07:15:03 AM
 #92

when someone tired of mining and want to cheaply sell some hw to me -PM me Tongue

I am willing to sell you my (only used for 3 days) 5850 for 23BTC.

Hmm 201.25. How's maybe $180 ? Wink



LOL, it would take over 20 days to recoup that, and that's only if there are no difficulty increases in that time and the price stays at $8.
CalibrataBG
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May 28, 2011, 08:52:38 AM
 #93

Some people just can't get it! You keep up building mining rigs and all you'll get is increaced difficulty to a point where you won't even be able to pay your electricity bills.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
molecular
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May 28, 2011, 08:53:59 AM
 #94

Some people just can't get it! You keep up building mining rigs and all you'll get is increaced difficulty to a point where you won't even be able to pay your electricity bills.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.

yes please, also flood me with your cheap american power, please!

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Chucksta
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May 28, 2011, 09:13:36 AM
 #95

Some people just can't get it! You keep up building mining rigs and all you'll get is increaced difficulty to a point where you won't even be able to pay your electricity bills.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.

LOL, yeah...

2 more difficulty increases (1 GPU = $2 per day @ $8 per BTC) like the ones we just witnessed, may result in a good number of people's IQ's recovering thus realising the end is nigh.
SgtSpike
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May 28, 2011, 06:01:12 PM
 #96

Some people just can't get it! You keep up building mining rigs and all you'll get is increaced difficulty to a point where you won't even be able to pay your electricity bills.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
That might be true, but in the meantime, I'll take my $30/day of freshly minted bitcoins.  Wink

These charts seem to indicate that a lot of people have called it quits though too.  I expect difficulty to be nearly flat this next time around... 10% is my projection.
http://bitcoin.sipa.be/
Chucksta
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May 28, 2011, 08:06:37 PM
 #97

Some people just can't get it! You keep up building mining rigs and all you'll get is increaced difficulty to a point where you won't even be able to pay your electricity bills.
So keep up building $2000 mining rigs you idiots! Let me see you pay them.
I can see it now ... the second hand GPU market will be flooded with cheap ati cards.
That might be true, but in the meantime, I'll take my $30/day of freshly minted bitcoins.  Wink

These charts seem to indicate that a lot of people have called it quits though too.  I expect difficulty to be nearly flat this next time around... 10% is my projection.
http://bitcoin.sipa.be/

Nice income, gratz...

I'll leave out my dark predictions of doom and gloom, and instead bathe in your positive vibes towards the next difficulty setting Smiley

DarkKnightNomeD
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June 04, 2011, 02:23:41 PM
 #98

whats the projection for this difficulty raise?

EDIT - Nevermind, i skipped a page on accident
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