Will the difficulty go down again ?

[potatorage]

The Ghash.io hash rate has been going down, so hopefully the difficulty will too.

[Rum152]

The Ghash.io hash rate has been going down, so hopefully the difficulty will too.

ghash only makes up a very small percentage of the overall network (10% of last check) so them taking their cloud miners offline will likely have a very small impact on the overall network hashrate.

The trend seems to be that a lot of people are having to take their equipment offline because of the lowered price. The current estimate is that the difficulty is going to decline by around 2.5% however it appears that it will probably end up going down by more then that based on the 506 average block time

[indiemax]

If difficulty keeps going down and price stays the same,more miners decide to turn off until a rise in price

wouldn't that be quite a problem ?

[RageAgainst]

yea.. i think it will go down as well.

It should..n I think it will! Hopefully sooner than later!

[newIndia]

yea.. i think it will go down as well.

It should..n I think it will! Hopefully sooner than later!

Right now on https://alloscomp.com/bitcoin/calculator

Next difficulty retarget occurs at block 342719.0 (eta 6.5 days): 95718487513.6 / +131.9% [est.]

[Korbman]

Right now on https://alloscomp.com/bitcoin/calculator

Next difficulty retarget occurs at block 342719.0 (eta 6.5 days): 95718487513.6 / +131.9% [est.]

And that, ladies and gentlemen, is an example of why you don't calculate hashrate / difficulty on a block-by-block basis (or however Alloscomp does it). It's terribly inaccurate.

[ajw7989]

based on bitcoinwisdom the next difficulty will be another decrease -3.28%. I highly doubt its going to increase. Maybe if it stabilize around 300 we will start to see small increases but at these prices all the old miners greater than 1W per GH are going to be shut down

[alh]

based on bitcoinwisdom the next difficulty will be another decrease -3.28%. I highly doubt its going to increase. Maybe if it stabilize around 300 we will start to see small increases but at these prices all the old miners greater than 1W per GH are going to be shut down

It's important to note that bitcoinwisdom isn't really very accurate in terms of it's projected difficulty change right after it's changed. It could easily swing to a positive number over the next 10 days.

As has been noted before, The "turn off" of inefficient mining hardware can be delayed by a number of things. It might well be less costly to the organization to mine at a small loss than incur a bigger loss by turning off a miner altogether.

[chaosknight]

at current network Hash Rate: of 315,619,866 GH/s
 the estimated next mining difficulty is possibly : 40,593,388,140 that is lower then current mining difficulty 41,272,873,895

[nwfella]

Difficulty won't be dropping this period imho.  Too much newer/more efficient hardware coming online.

[GermanGiant]

Difficulty won't be dropping this period imho.  Too much newer/more efficient hardware coming online.

Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.

[Korbman]

Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.

Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).

So, unfortunately for us home miners, there's room for movement.

[jermwerty]

Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.

Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).

So, unfortunately for us home miners, there's room for movement.

Well that would be without any other overhead.  No AC/Fans, location rental, employees, etc.  (US would probably need insurance too)

My city (if you call 60K population a city) has $0.032 KWH power for "commercial" users over 50KW.  Under 50KW is $0.048.  Residential (what I pay) is $0.062   

[philipma1957]

 we are down at the moment 0.2% to 2.95%  

see chart here

http://btc.blockr.io/charts

feb 10    142
feb 11    159
feb 12    124
feb 13    144      


 normal is 144    so 4 x 144 = 576

 the 4 days above are         = 559   we are 17 blocks short of normal  about - 2.95%


the s-3 is a white elephant in the room  more then 50ph of them around the world getting .8 watts per gh. 

reliable gear this gear is being turned on and off as we seesaw up and down each adjustment.

 if your power is 12 cents and price is 208 your s-3 breaks even
if your power is  13 cents  and price is 225 your s-3  breaks even

people are jumping back and forth with s-3's

[arieq]

when the difficulty is going down, that's a sign that people are unplugging machines, which means the network is bigger than it needs to be

[picolo]

when the difficulty is going down, that's a sign that people are unplugging machines, which means the network is bigger than it needs to be

It's usually because the price of BTC tanked.

[Mikestang]

Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.

Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).

So, unfortunately for us home miners, there's room for movement.

I think the big break for home miners will come next year when the reward halves again.  If not then, some time soon.  The cost of running those big farms is going to outpace the reward shortly.  Eventually I don't think farms will exist at all, it will all be small-time mining.

[moko666]

bitcoin mining difficulty will continue to rise
check this site , here you can find current bitcoin difficulty, estimated next difficulty and the history of bitcoin mining difficulty also the historical charts
https://bitcoinwisdom.com/bitcoin/difficulty

[newIndia]

Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.

Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).

So, unfortunately for us home miners, there's room for movement.

I think the big break for home miners will come next year when the reward halves again.  If not then, some time soon.  The cost of running those big farms is going to outpace the reward shortly.  Eventually I don't think farms will exist at all, it will all be small-time mining.

Contrary to popular belief, more mining farms are opening up and more chip designers are getting their hand into bitcoin to have more efficient ASIC. Home mining is a passe...

[SimplisticStu]

Looks like the difficulty does not care about the price anymore. Price is close to 200, but difficulty jump a few minutes ago is 7%+.

Well, an industrial miner using widely available gear (0.5W per GH/s) and only paying $0.05 per kWh means they'll be profitable (at this difficulty) until the Bitcoin price drops to ~$53 ...or until difficulty increases to 167,638,063,430 (@ $200 per Bitcoin).

So, unfortunately for us home miners, there's room for movement.

I think the big break for home miners will come next year when the reward halves again.  If not then, some time soon.  The cost of running those big farms is going to outpace the reward shortly.  Eventually I don't think farms will exist at all, it will all be small-time mining.

Contrary to popular belief, more mining farms are opening up and more chip designers are getting their hand into bitcoin to have more efficient ASIC. Home mining is a passe...

Totally agree with this point. Are we going to see home miners vanish and a back and forth battle between big farms that switch hardware on and off dependent on their hashing power, location, costs etc?