China mining farms

[soy]

I see from this Aug. 2014 article that another building was being added.  Has that come online?  What is the expectation of hashpower increase in China by mid-2015?  http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Are any more large farm additions anywhere in the world visibly on the horizon?

soy

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[ChuckBuck]

Bitmaintech's Hashnest and Antpool:

[BTCish]

Nice farms, i wish i had one of those in my control

[alh]

Nice farms, i wish i had one of those in my control

I am sure if you had enough real money (say USD), and not just Bitcoin, you could buy them out. The you get to decide how to continue the adventure with Bitcoin currently priced at $225.

[newIndia]

Nice farms, i wish i had one of those in my control

I am sure if you had enough real money (say USD), and not just Bitcoin, you could buy them out. The you get to decide how to continue the adventure with Bitcoin currently priced at $225.

Bitcoin is not going to be locked at 225 USD in the long run. If that happens, difficulty will come down because of the laws of economics.

[samsonn25]

If supply and demand are neutral btc price will remain same.

Difficulty only moves because of more or less hashrate.  And the hashrate has increased every month for the last almost 1 years straight.  I expect nect month will be higher than this month also, same as last month.

[BTCish]

most of the BTC sell/buy deals are speculative, so not a big influence from the miners.

[philipma1957]

If supply and demand are neutral btc price will remain same.

Difficulty only moves because of more or less hashrate.  And the hashrate has increased every month for the last almost 1 years straight.  I expect nect month will be higher than this month also, same as last month.

Hard to tell  from your post that a fundamental change in difficulty increase has occurred since OCT of last year
the last ten jumps we went up a grand total of 27%

Difficulty History

Date             Difficulty        Change   Hash Rate
Feb 09 2015   44,455,415,962   7.71%   318,224,263 GH/s
Jan 27 2015   41,272,873,895   -6.14%   295,442,739 GH/s
Jan 12 2015   43,971,662,056   8.20%   314,761,417 GH/s
Dec 30 2014   40,640,955,017   3.00%   290,919,288 GH/s
Dec 17 2014   39,457,671,307   -1.37%   282,449,013 GH/s
Dec 02 2014   40,007,470,271   -0.73%   286,384,627 GH/s
Nov 18 2014   40,300,030,328   1.76%   288,478,854 GH/s
Nov 05 2014   39,603,666,252   10.05%   283,494,086 GH/s
Oct 23 2014   35,985,640,265   2.81%   257,595,247 GH/s
Oct 09 2014   35,002,482,026   0.98%   250,557,526 GH/s

these 10 jumps we went up 194%

Sep 25 2014   34,661,425,924   16.20%   248,116,151 GH/s
Sep 13 2014   29,829,733,124   8.75%   213,529,547 GH/s
Aug 31 2014   27,428,630,902   15.03%   196,341,788 GH/s
Aug 19 2014   23,844,670,039   20.86%   170,686,797 GH/s
Aug 08 2014   19,729,645,941   5.30%   141,230,307 GH/s
Jul 25 2014   18,736,441,558   8.08%   134,120,673 GH/s
Jul 12 2014   17,336,316,979   3.08%   124,098,191 GH/s
Jun 29 2014   16,818,461,371   24.93%   120,391,236 GH/s
Jun 18 2014   13,462,580,115   14.51%   96,368,902 GH/s
Jun 05 2014   11,756,551,917   12.44%   84,156,677 GH/s


these 10 jumps we went up  298%

May 24 2014   10,455,720,138   18.10%   74,844,960 GH/s
May 12 2014   8,853,416,309   10.66%   63,375,223 GH/s
Apr 29 2014   8,000,872,136   14.64%   57,272,474 GH/s
Apr 17 2014   6,978,842,650   14.04%   49,956,502 GH/s
Apr 05 2014   6,119,726,089   22.23%   43,806,706 GH/s
Mar 24 2014   5,006,860,589   17.80%   35,840,504 GH/s
Mar 13 2014   4,250,217,920   11.39%   30,424,245 GH/s
Feb 28 2014   3,815,723,799   21.92%   27,314,015 GH/s
Feb 17 2014   3,129,573,175   19.39%   22,402,357 GH/s
Feb 05 2014   2,621,404,453   19.49%   18,764,744 GH/s


these 10 jumps we went up 721%

Jan 24 2014   2,193,847,870   22.59%   15,704,175 GH/s
Jan 13 2014   1,789,546,951   26.16%   12,810,076 GH/s
Jan 02 2014   1,418,481,395   20.12%   10,153,885 GH/s
Dec 21 2013   1,180,923,195   30.01%   8,453,378 GH/s
Dec 10 2013   908,350,862   28.41%   6,502,229 GH/s
Nov 29 2013   707,408,283   16.07%   5,063,826 GH/s
Nov 17 2013   609,482,680   19.29%   4,362,847 GH/s
Nov 05 2013   510,929,738   30.70%   3,657,378 GH/s
Oct 26 2013   390,928,788   46.02%   2,798,377 GH/s
Oct 16 2013   267,731,249   41.45%   1,916,495 GH/s


these 9 jumps we went up 624%   I do not have the 10 jump info available.
Oct 06 2013   189,281,249   27.19%   1,354,928 GH/s
Sep 25 2013   148,819,200   32.13%   1,065,289 GH/s
Sep 14 2013   112,628,549   29.56%   806,227 GH/s
Sep 04 2013   86,933,018   32.22%   622,291 GH/s
Aug 24 2013   65,750,060   29.40%   470,657 GH/s
Aug 13 2013   50,810,339   35.88%   363,715 GH/s
Aug 03 2013   37,392,766   19.63%   267,668 GH/s
Jul 22 2013   31,256,961   19.47%   223,746 GH/s
Jul 11 2013   26,162,876   22.63%   187,281 GH/s

[philipma1957]

my point is 27%  for 10 jumps is quite a decline from the other 10 adjustment averages.

  27%
194%
298%
721%
624% but a 9 adjust total not 10 /

@ samsonn25    

 your statement infers endless upward difficulty

while that may happen the facts show the rate of upward adjustments has slowed a huge amount since july of 2013

[samsonn25]

Your key words "upwards adjustment", but it does appear as though the ASIC boom and hashrate has slowed.

July 2013 BTC was $80 and Diff was 26 million.  BTC price has increased 3x and Diff has increassed 1800x

[philipma1957]

Your key words "upwards adjustment", but it does appear as though the ASIC boom and hashrate has slowed.

July 2013 BTC was $80 and Diff was 26 million.  BTC price has increased 3x and Diff has increassed 1800x

I see diff moving upwards but really truly at a slow pace.

As for BTC price  I have no idea but I suspect it to crawl along in the 200 - 400 range for a while .