Will the difficulty go down again ?

[philipma1957]

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.

 But a home miner or anyone that uses an electric spaceheater like this one below

beats a farm since the spaceheater is essentially free power for a miner.

My wife used spaceheaters for years.  900 watt setting.  So an avalon 4.1 is dead quiet and 2 of them use 960 watt slightly under clocked.  No farm competes with that since power = 0.
Once room is warm turn the miner off same as a space heater. So if you have avalon 4.1's underclock them and use them as space heaters you can mine for years with them.

 A lot of complex shit will happen as miners fight over the coins.

[1715507998]

1715507998

[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...

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?

Probably we will see a day in future, when farmers will be using their paddy fields in off-season to implant solar miners. Then we will be at a position to say that mining is back to the hand of the public again.

[SpanishSoldier]

I think the difficulty will remain almost the same for the coming update...