Dec 29 to Approx Jan 12th diff thread (4%) to (7%)

[notlist3d]

I love you guys so much! and i want to make a gift to you:

Estimated Next Difficulty:    45,134,713,998 (+11.06%)

My estimation, that comes out of my ass, is +13%!

that would be an interesting number. I wonder if you may be correct.

We had a long run of good numbers.  Will be interesting to see if short term push, or if the new gear keeps pushing up each change for a bit.

One does not worry me, its if you get multiple in a row I get worried.

[philipma1957]

I love you guys so much! and i want to make a gift to you:

Estimated Next Difficulty:    45,134,713,998 (+11.06%)

My estimation, that comes out of my ass, is +13%!

that would be an interesting number. I wonder if you may be correct.

We had a long run of good numbers.  Will be interesting to see if short term push, or if the new gear keeps pushing up each change for a bit.

One does not worry me, its if you get multiple in a row I get worried.

       yeah a bump to 45 is not an end of the world issue 3 more good bumps of 5% or more would be worrisome. I kind of want to hang in there for the next halving to see what unfolds.
   I upgraded all my gear I have 8 sp20's which are just about the max I can run in the winter.. So now I watch and wait.

[smoothie]

things are looking ....UP...

Difficulty:   40,640,955,017
Next:   45,378,877,426
Hash Rate:   322,500,679 GH/s

[mavericklm]

Estimated Next Difficulty:    46,109,824,103 (+13.46%)

How you like me now?

The dent in diff by paycoin was only 2%. And the hash rate reported for paycoin was like ~30ph
The missing part of 2% and 30hp we are going to see it now!

Let me put it another way because i know i got diff in expressing myself:
If the network has lost only 2%(see diff) but the reported speed on the other side was ~30hp this means that those (30hp minus 2%btc diff) were up and running in ~december!

Until most of the miners are on an technological process at the same level with most of the it industry, we are going to still have serious bumps in hash rate!

Negative diff will be only in unexpected cases!

[philipma1957]

Estimated Next Difficulty:    46,109,824,103 (+13.46%)

How you like me now?

The dent in diff by paycoin was only 2%. And the hash rate reported for paycoin was like ~30ph
The missing part of 2% and 30hp we are going to see it now!

Let me put it another way because i know i got diff in expressing myself:
If the network has lost only 2%(see diff) but the reported speed on the other side was ~30hp this means that those (30hp minus 2%btc diff) were up and running in ~december!

Until most of the miners are on an technological process at the same level with most of the it industry, we are going to still have serious bumps in hash rate!

Negative diff will be only in unexpected cases!

 knew it would jump but 13% surprised me.

[vortexz]

everything is great for bitcoin miners !
difficulty skyrocketing and price going to the ground!
what could be better ?

[philipma1957]

everything is great for bitcoin miners !
difficulty skyrocketing and price going to the ground!
what could be better ?

yep I am hoping for 200 usd coin price  and a diff of 50xxxxxxx by the end of Jan 2015.

[vortexz]

why ? you actually want it to go bad for everyone ?

[philipma1957]

why ? you actually want it to go bad for everyone ?

no of course not.  but at 200 usd I would hope the big guys fold up shop.

I have more then 10k on the table. I am not looking for a total meltdown.

I have 8 sp20's say 4000 to 5000

I have 15 coins say 4500

I have 7 quality psu's say 1000

so I am at a 10k point.

I can deal with price drop to 200 if it stops the difficulty in its tracks.

[mavericklm]

what if 200 is not enough?

[notlist3d]

why ? you actually want it to go bad for everyone ?

no of course not.  but at 200 usd I would hope the big guys fold up shop.

I have more then 10k on the table. I am not looking for a total meltdown.

I have 8 sp20's say 4000 to 5000

I have 15 coins say 4500

I have 7 quality psu's say 1000

so I am at a 10k point.

I can deal with price drop to 200 if it stops the difficulty in its tracks.

One thing I don't think you are including is a lot of the big guys have done a good job of seeking cheap electricity.   Washington state, China (certain places), are really hard to get to a point where you can beat them with such low electricity prices.

[xstr8guy]

Bitfury is going to absolutely CRUSH the difficulty in the next few months once they swap out their old gear for their next gen miners.

I suspect we are just starting to see them putting the new gear online now. They've been dormant for quite some time but expect an explosion in difficulty soon. They've already sourced the cheapest electricity in the world and have functioning datacenters.

The only thing we can hope for... that they allow third-party vendors to build with their chips who will sell retail.

[philipma1957]

Bitfury is going to absolutely CRUSH the difficulty in the next few months once they swap out their old gear for their next gen miners.

I suspect we are just starting to see them putting the new gear online now. They've been dormant for quite some time but expect an explosion in difficulty soon. They've already sourced the cheapest electricity in the world and have functioning datacenters.

The only thing we can hope for... that they allow third-party vendors to build with their chips who will sell retail.

 Just hope for coins to drop to under 200.

 Then bitfury will need to switch out slowly and in fact they should just maintain their hashrate and lower the power bill. rather then expanding the hash rate greatly.  Remember at a certain point in time hash expansion does not help you it hurts you as you mine against your self.

  For years miners like us fed money into them.  But once you squeeze us out the demand for coins lessens.  My biggest need for coins is an inflation hedge.  My second need is buying gear.

[xstr8guy]

Bitfury is going to absolutely CRUSH the difficulty in the next few months once they swap out their old gear for their next gen miners.

I suspect we are just starting to see them putting the new gear online now. They've been dormant for quite some time but expect an explosion in difficulty soon. They've already sourced the cheapest electricity in the world and have functioning datacenters.

The only thing we can hope for... that they allow third-party vendors to build with their chips who will sell retail.

 Just hope for coins to drop to under 200.

 Then bitfury will need to switch out slowly and in fact they should just maintain their hashrate and lower the power bill. rather then expanding the hash rate greatly.  Remember at a certain point in time hash expansion does not help you it hurts you as you mine against your self.

  For years miners like us fed money into them.  But once you squeeze us out the demand for coins lessens.  My biggest need for coins is an inflation hedge.  My second need is buying gear.

I suggest you read up on Bitfury. They've invest tens of millions of dollars on their next gen chip and datacenter improvements. They aren't going to grow slowly even if BTC is under $200.

http://lmgtfy.com/?q=Bitfury+news

[vortexz]

I hope BitFury burns !
May their datacenters get all burned ahahahahahhahah

[notlist3d]

I hope BitFury burns !
May their datacenters get all burned ahahahahahhahah

Even if they did we would not know much.  Bitfury is good at remaining quiet. 

The players we know such as SP and Bitmain both have new gen chips already and could easily pump out quite a few.  With SP they  have the SP-35 ready to pack a punch.   And Bitmain could easily make some custom ones with 4 boards and fill up a data center. 

[xstr8guy]

I hope BitFury burns !
May their datacenters get all burned ahahahahahhahah

Even if they did we would not know much.  Bitfury is good at remaining quiet. 

The players we know such as SP and Bitmain both have new gen chips already and could easily pump out quite a few.  With SP they  have the SP-35 ready to pack a punch.   And Bitmain could easily make some custom ones with 4 boards and fill up a data center. 

Valery Vavilov, the CEO of Bitfury, has become much more talkative in the past month. Their newest chip was expected to launch at the end of December 2014. I guess we'll see... very soon.

Hmmm, I wonder if that explains SPT's recent aggressive pricing, clearing out stock before the imminent, looming, massive difficulty spike?

[philipma1957]

I hope BitFury burns !
May their datacenters get all burned ahahahahahhahah

Even if they did we would not know much.  Bitfury is good at remaining quiet. 

The players we know such as SP and Bitmain both have new gen chips already and could easily pump out quite a few.  With SP they  have the SP-35 ready to pack a punch.   And Bitmain could easily make some custom ones with 4 boards and fill up a data center. 

Valery Vavilov, the CEO of Bitfury, has become much more talkative in the past month. Their newest chip was expected to launch at the end of December 2014. I guess we'll see... very soon.

Hmmm, I wonder if that explains SPT's recent aggressive pricing, clearing out stock before the imminent, looming, massive difficulty spike?

well both spondoolies and bitmaintech sold a lot of s-5's and sp20's before this spike hit.  more then likely they caused the spike.

while bitfury and knc are doing what ever they are doing behind the scenes. I can tell you this all 4 companies need  to look at the nov 5 to dec 30 growth and ask if this massive up scaling in Jan 2015 will help their bottom line.

The answer is  not a simple yes, for us.

 I would love to know what happened to the discount s-3's that bitmaintech tried to off load.
 Did they sell off 5 or 8 or 10ph to a person/group that is now saying oh shit what did I do? 

[notlist3d]

Around a week left looks like a nasty change.   Hopefully we do not have a few in a row.  With us having such good low numbers for so long one jump is not horrible.   It will be the change after, and after that that show me what were in for.

Bitcoin Difficulty:    40,640,955,017
Estimated Next Difficulty:    46,218,129,390 (+13.72%)
Adjust time:    After 1138 Blocks, About 7.1 days

[klondike_bar]

I suggest you read up on Bitfury. They've invest tens of millions of dollars on their next gen chip and datacenter improvements. They aren't going to grow slowly even if BTC is under $200.

+1. If home miners are being squeezed out at something like $350USD, Bitfury won't even feel the pinch at $200 or $150. SO much other hardware would drop off at that price point that only the guys with free power or power <$0.05/kwh will be able to operate, and those guys will be able to keep growing. If anything, a high USD/BTC creates decentralization as home mining becomes profitable when prices are high, and the race begins.