Dec 17 to Dec 29th diff thread (-0.32%) to (-0.12%)

[mavericklm]

s5 should have been on the market from 17 nov
http://issuu.com/ybitcoin/docs/ybitcoin-volume1__issue4/7?e=0/9799106
but because of too much old stok
https://bitcointalk.org/index.php?topic=904554.0
https://bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED
they simply kept them for themselves until now!

[philipma1957]

s5 should have been on the market from 17 nov
http://issuu.com/ybitcoin/docs/ybitcoin-volume1__issue4/7?e=0/9799106
but because of too much old stok
https://bitcointalk.org/index.php?topic=904554.0
https://bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED
they simply kept them for themselves until now!

   well if they were mining 1000 of them that is 1.2 ph .  running 1000 s-5's is possible, but would be hard work.  and 1.2 ph is only .4%  so they would need to have been running 2500 of them  = 3ph and 1%  jump that is a lot of gear to run. I do not think they run 1000 I really really don't think they run 2500.
  Maybe just maybe from nov 17 to dec 25.
  they ran 100 for 1 day then packed them to ship.  do that for 35 days it is 3500-4000 units all had 1 day of testing. makes more sense then what you say.

 

 In a way if you are correct then the hashrate for the next 3 jumps will not be big.  So lets see if we see <2% for 3 straight jumps.

[notlist3d]

s5 should have been on the market from 17 nov
http://issuu.com/ybitcoin/docs/ybitcoin-volume1__issue4/7?e=0/9799106
but because of too much old stok
https://bitcointalk.org/index.php?topic=904554.0
https://bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED
they simply kept them for themselves until now!

   well if they were mining 1000 of them that is 1.2 ph .  running 1000 s-5's is possible, but would be hard work.  and 1.2 ph is only .4%  so they would need to have been running 2500 of them  = 3ph and 1%  jump that is a lot of gear to run. I do not think they run 1000 I really really don't think they run 2500.
  Maybe just maybe from nov 17 to dec 25.
  they ran 100 for 1 day then packed them to ship.  do that for 35 days it is 3500-4000 units all had 1 day of testing. makes more sense then what you say.

 

 In a way if you are correct then the hashrate for the next 3 jumps will not be big.  So lets see if we see <2% for 3 straight jumps.

One possible thing if you look at the controller it can do 4 hashing boards.  They only do 2 on the S5.  They could easily build a version with 4 hashing boards just doing a new case.  It would not surprise me if they did build a data center of them doing a special 4 board model for themself.

[notlist3d]

Bitcoin Wisdom:

Bitcoin Difficulty:    39,457,671,307
Estimated Next Difficulty:    39,908,522,385 (+1.14%)
Adjust time:    After 588 Blocks, About 3.9 days

Looking like we are finally going back to normal.

[Argwai96]

Bitcoin Wisdom:

Bitcoin Difficulty:    39,457,671,307
Estimated Next Difficulty:    39,908,522,385 (+1.14%)
Adjust time:    After 588 Blocks, About 3.9 days

Looking like we are finally going back to normal.

If you look at the shorter term block rate it appears that a large amount of mining capacity was added to the network, almost at the same time (maybe it was from the PoW phase of paycoin ending).

I would say if the price of bitcoin remains stagnant/declines the difficulty is likely to start to drift lower, especially as we approach the next block subsidy halving

[aclass]

diff to the moon

[notlist3d]

Bitcoin Wisdom:

Bitcoin Difficulty:    39,457,671,307
Estimated Next Difficulty:    39,908,522,385 (+1.14%)
Adjust time:    After 588 Blocks, About 3.9 days

Looking like we are finally going back to normal.

If you look at the shorter term block rate it appears that a large amount of mining capacity was added to the network, almost at the same time (maybe it was from the PoW phase of paycoin ending).

I would say if the price of bitcoin remains stagnant/declines the difficulty is likely to start to drift lower, especially as we approach the next block subsidy halving

We still have a while before reward halving but I would agree once close to it it will have a effect.

But on this were likely talking sometime in 2016 so still quite a while in miner terms.

[suchmoon]

Looks like I was wrong, there seems to be a suicidal attraction to invest in new hardware even with the exchange rate trending lower

I wonder what's the real turning point, $300, $250, $200? At some point all some big farms will need to capitulate along with the majority of home miners.

[aclass]

Home miners will die last... at least the believers. I don't have a problem paying $50 to the power company to keep a couple of miners hashing. The big farms with huge bills are the ones to go first if price drops significantly.

[philipma1957]

Home miners will die last... at least the believers. I don't have a problem paying $50 to the power company to keep a couple of miners hashing. The big farms with huge bills are the ones to go first if price drops significantly.

miners like me in a cold winter area get heat benefits that big farms do not get.

 A  drop in  usd to btc has to slow us back into the negative numbers. It has to shut some big farms down.

[notlist3d]

Home miners will die last... at least the believers. I don't have a problem paying $50 to the power company to keep a couple of miners hashing. The big farms with huge bills are the ones to go first if price drops significantly.

miners like me in a cold winter area get heat benefits that big farms do not get.

 A  drop in  usd to btc has to slow us back into the negative numbers. It has to shut some big farms down.

For some of us the winter weather is huge.  No ac bills to cool building, and can use cheap setups to extract heat.   Allows less overhead.

[philipma1957]

Home miners will die last... at least the believers. I don't have a problem paying $50 to the power company to keep a couple of miners hashing. The big farms with huge bills are the ones to go first if price drops significantly.

miners like me in a cold winter area get heat benefits that big farms do not get.

 A  drop in  usd to btc has to slow us back into the negative numbers. It has to shut some big farms down.

For some of us the winter weather is huge.  No ac bills to cool building, and can use cheap setups to extract heat.   Allows less overhead.

I am allowing 3600-4000 watts of heat to just stay in the home.  most of it is in the attached garage

 which  is under my bedroom heat  Drifts up to the bedroom as if I have in floor heat.     3600 watts = more then 10000 btus of heat.

I estimate my heating bill to be reduced 100 a month in ½ Oct.,   NOV.,  DEC.,  JAN.,  FEB.,  MAR.,   ½ Apr

  So 600 bucks reduction  Late Apr and May I usually cut my power use down to 2000 watts.

[Nagle]

There's been a sudden large increase in hash rate in the last week, after a previous drop.



What happened? Were some substantial hashing assets off doing Peercoin for a while, or what?

[philipma1957]

There's been a sudden large increase in hash rate in the last week, after a previous drop.



What happened? Were some substantial hashing assets off doing Peercoin for a while, or what?

well

 A)paycoin has fully stopped using hashpower

 B)sp20's have been shipping

 C) weather gets colder in more of the northern hemisphere = 'free' heat 

 my 7 sp20's can not be cooled well if it is over 60f outdoors .  but at 40f they offer 'free' heat  this is about 100 usd a month for me.  Many miners will run a borderline profitable miner for heat.

[desertfox470]

I feel like the difficulty of btc will dramatically increase next time. Especially since pay coin is done getting mined.

[aclass]

paycoin mining ended long long time a go. it's hash came from bitcoin miners so not a big deal. new miners being plugged in is where hash increase comes from

I feel like the difficulty of btc will dramatically increase next time. Especially since pay coin is done getting mined.

[mavericklm]

to the moooooooooon!
Estimated Next Difficulty:    40,904,839,119 (+3.67%)
at the end of this period it might get to 5%

[philipma1957]

yeah looks to be 4% maybe 5%.  but and here is the big but  what will the next 2 do?

[mavericklm]

it will go up! )
thousandths of s3 will be replaced with s5...
s6...
other manufacturers...

waters are too calm atm!

LE: some will take a punch in the nuts with the actual price of btc...

[klondike_bar]

yeah looks to be 4% maybe 5%.  but and here is the big but  what will the next 2 do?

I thought the jump in hashrate would be more delayed this round. so instead of 2%, 7%, 4% i think it will now be: 4.25%, 5%, and 3%

lots of equiment coming onlin in the next 3 weeks as the SP20 and S5 compete for price dominance. however, BTC<$350 means that its unlikely to see anything capable of <0.6w/GH selling at <1BTC/TH necessary to be profitable for most users.