I just don't understand why some big player would turn off all his gear for a few days just to make the difficulty go down by 6%. Won't he lose more money in the long run? Since turning gear off for 2-3 days would be a higher loss then mining at a slightly higher difficulty.
Need someone to run the math on this.
if his gear was 1.0 watt gear or .8 watt gear a 6% shift in price turns gear in or out of the black.
example network = 300 ph 20 ph is just about 6%
when gear jumped from 290ph to 314 ph price dropped a bit and having 1 watt gear may have been a loser.
https://bitcoinwisdom.com/bitcoin/difficultyDifficulty History
Date Difficulty Change Hash Rate
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/sDec 30 2014 40,640,955,017 3.00% 290,919,288 GH/s
In bold diff got to 43.9. So I have a big ass dragon farm all 1 watt gear.
when diff was 43.9 and coins were 209.82 that 1 watt per gh farm did not earn on 10 cent power it lost.
So I turned it off.
Diff drops to 41.9 price jumps to 235 that same farm makes money.
10 cent power-- 1 watt gear ---diff of 43.9 ---- coins at 209 a loser. price got under 180 during this time period so even if he had cheaper power then 10 cents he was losing money.
full size image
http://imageshack.com/a/img537/6989/d9lF24.png10 cent power--- 1 watt gear -- diff of 41.9---- coins at 234 a winner. since diff dropped and price jumped why not turn it on make some money.
full size image
http://imageshack.com/a/img537/3668/CFKoMx.png