SimplisticStu
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♥Bitcoin-Ethereum-Ripple♥
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March 17, 2015, 10:59:52 AM |
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-0.48% (at time of post) and price staying sub $300, would be nice to see a decline in difficulty and to break through the £300 barrier again or am I asking too much right now?
Won't happen. Either price will break $300 and difficulty will rise, or price will fall and difficulty will stay the same or go down. Yeah that's what the rational side of my brain thought at first but then I thought it would be nice to break through $300 and keep the difficulty down. It might happen, maybe if we see a 2nd wave of DDOS attacks  |
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philipma1957 (OP)
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'The right to privacy matters'
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March 17, 2015, 01:30:41 PM |
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-0.48% (at time of post) and price staying sub $300, would be nice to see a decline in difficulty and to break through the £300 barrier again or am I asking too much right now?
Won't happen. Either price will break $300 and difficulty will rise, or price will fall and difficulty will stay the same or go down. Yeah that's what the rational side of my brain thought at first but then I thought it would be nice to break through $300 and keep the difficulty down. It might happen, maybe if we see a 2nd wave of DDOS attacks If BTC would stay in this price range 280-300usd and diff does -0.5% for the next 3 jumps I will sign up for that in a heartbeat. https://docs.google.com/spreadsheets/d/1qmF2knc5rSrJLESgQJYBz8mPzpKihmSzPPQUGH7pT8g/edit#gid=204080645 the live number is (-1.68%) we have about 722 blocks to go coinbase is 295 usd |
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notlist3d
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March 17, 2015, 04:04:57 PM |
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-0.48% (at time of post) and price staying sub $300, would be nice to see a decline in difficulty and to break through the £300 barrier again or am I asking too much right now?
Won't happen. Either price will break $300 and difficulty will rise, or price will fall and difficulty will stay the same or go down. Yeah that's what the rational side of my brain thought at first but then I thought it would be nice to break through $300 and keep the difficulty down. It might happen, maybe if we see a 2nd wave of DDOS attacks With failover pools I think loss of mining power is small. Most don't use just 1 pool in their miners. Sure some do.... but they would not long with these attacks hurting pools. |
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freedomno1
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Learning the troll avoidance button :)
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March 17, 2015, 04:22:49 PM |
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Yep not much more to go, also nearing 14 million coins generated Doubt it will have much impact on mining speed though but it seemed like an interesting note. 13,950,550 when I posted  |
Believing in Bitcoins and it's ability to change the world
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Mikestang
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March 17, 2015, 04:28:34 PM |
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Yep not much more to go, also nearing 14 million coins generated Doubt it will have much impact on mining speed though but it seemed like an interesting note. 13,950,550 when I posted I always wonder how many of those coins have been lost for all time, due to misplaced keys or corrupted hard drives, etc. |
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suchmoon
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March 17, 2015, 05:08:37 PM |
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Yep not much more to go, also nearing 14 million coins generated Doubt it will have much impact on mining speed though but it seemed like an interesting note. 13,950,550 when I posted I always wonder how many of those coins have been lost for all time, due to misplaced keys or corrupted hard drives, etc. This one surely looks lost https://blockchain.info/address/1111111111111111111114oLvT2 |
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notlist3d
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Activity: 1456
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March 17, 2015, 07:38:38 PM |
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Yep not much more to go, also nearing 14 million coins generated Doubt it will have much impact on mining speed though but it seemed like an interesting note. 13,950,550 when I posted I always wonder how many of those coins have been lost for all time, due to misplaced keys or corrupted hard drives, etc. This one surely looks lost https://blockchain.info/address/1111111111111111111114oLvT2Wow never seen one so full of 1's with money in it. If someone truly has that I would like to know how long they used vanitygen to make it. Or how ever they got it. |
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Kexkey
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Activity: 237
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Smile while thinking.
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March 17, 2015, 08:38:47 PM |
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Yep not much more to go, also nearing 14 million coins generated Doubt it will have much impact on mining speed though but it seemed like an interesting note. 13,950,550 when I posted I always wonder how many of those coins have been lost for all time, due to misplaced keys or corrupted hard drives, etc. This one surely looks lost https://blockchain.info/address/1111111111111111111114oLvT2Wow never seen one so full of 1's with money in it. If someone truly has that I would like to know how long they used vanitygen to make it. Or how ever they got it. Look at the hash160 which is all 0's... Strange. Somewhat impressive actually. |
This digital signature is not a digital signature.
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adaseb
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March 18, 2015, 01:21:23 AM |
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WOW. Another -10% day again. Looks like we might actuall get the difficulty reduced next Monday.
Great news for miners.
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west420
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March 18, 2015, 03:26:03 AM |
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I think you might be right. The spreadsheet is now showing the estimated difficulty to be -1.92%, although the 3 day moving average is lower at -3.71% If this drop is being caused by the DDOS attacks, then I am surprised that it is lasting this long, although it could be that pools that were being used by a large corporate farm(s) were affected, and all their miners were effectively kicked offline and for whatever reason were never brought back online. I would say that if I do not end up winning then the contest will likely roll over because the difficulty will probably decline by more then what I predicted. |
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philipma1957 (OP)
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'The right to privacy matters'
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March 18, 2015, 03:51:49 AM |
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I think you might be right. The spreadsheet is now showing the estimated difficulty to be -1.92%, although the 3 day moving average is lower at -3.71% If this drop is being caused by the DDOS attacks, then I am surprised that it is lasting this long, although it could be that pools that were being used by a large corporate farm(s) were affected, and all their miners were effectively kicked offline and for whatever reason were never brought back online. I would say that if I do not end up winning then the contest will likely roll over because the difficulty will probably decline by more then what I predicted. I think you may win. It may dip to -3.? then come back. My guess is a big farm sold off gear to a 2 or 3 cent power prlce farm and it will come back on line soon. |
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A4Tech
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March 18, 2015, 04:11:15 AM |
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Its getting suspensive .. |
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valkir
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March 18, 2015, 04:36:39 AM |
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Nice maybe -2% That could be awesome!  |
██ Please support sidehack with his new miner project Send to :
1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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philipma1957 (OP)
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Activity: 4116
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'The right to privacy matters'
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March 18, 2015, 01:07:03 PM |
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https://bitcoinwisdom.com/bitcoin/difficulty (-2.12%) https://www.coinbase.com/charts coins are now $274.28  Bitcoin Difficulty: 47,427,554,951 Estimated Next Difficulty: 46,419,854,296 (-2.12%) Adjust time: After 635 Blocks, About 4.6 days Hashrate(?): 329,894,115 GH/s Block Generation Time(?): 1 block: 10.3 minutes 3 blocks: 31.1 minutes 6 blocks: 1.0 hours Updated: 9:0 (4.9 minutes ago) https://docs.google.com/spreadsheets/d/1qmF2knc5rSrJLESgQJYBz8mPzpKihmSzPPQUGH7pT8g/edit#gid=204080645 (-1.69%)The coin drop to 275 should cause a bigger downward trend in diff.
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aurel57
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March 18, 2015, 02:48:48 PM |
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How low you think coin price will go? Maybe back to $220? |
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notlist3d
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March 18, 2015, 04:42:03 PM |
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It really does look like downward trend is causing less hash:
Bitcoin Difficulty: 47,427,554,951
Estimated Next Difficulty: 46,444,875,248 (-2.07%)
Adjust time: After 612 Blocks, About 4.4 days
Very interesting I wonder how many miners are turning on/off with difficulty changes.
Currently a little under 270 on price.
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philipma1957 (OP)
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Activity: 4116
Merit: 7840
'The right to privacy matters'
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March 18, 2015, 04:46:20 PM |
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It really does look like downward trend is causing less hash:
Bitcoin Difficulty: 47,427,554,951
Estimated Next Difficulty: 46,444,875,248 (-2.07%)
Adjust time: After 612 Blocks, About 4.4 days
Very interesting I wonder how many miners are turning on/off with difficulty changes.
Currently a little under 270 on price.
I feel for those that ordered the 469 usd s-5's due on march 30th. |
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notlist3d
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March 18, 2015, 05:28:36 PM |
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It really does look like downward trend is causing less hash:
Bitcoin Difficulty: 47,427,554,951
Estimated Next Difficulty: 46,444,875,248 (-2.07%)
Adjust time: After 612 Blocks, About 4.4 days
Very interesting I wonder how many miners are turning on/off with difficulty changes.
Currently a little under 270 on price.
I feel for those that ordered the 469 usd s-5's due on march 30th. That would make sense. We have not heard much about next gen still. So I'm guessing it's pretty small amount. But those S5's would be in production chances are by this point and being burnt in. |
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philipma1957 (OP)
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Activity: 4116
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'The right to privacy matters'
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March 18, 2015, 05:56:47 PM
Last edit: March 18, 2015, 10:10:17 PM by philipma1957 |
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268 usd will slow mining in its tracks. I am thinking a solid drop to 240 would help lower diff more.
down to 255 on coinbase
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notlist3d
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March 18, 2015, 10:34:06 PM |
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268 usd will slow mining in its tracks. I am thinking a solid drop to 240 would help lower diff more.
down to 255 on coinbase
It has been one disappointing day to say the least. The BTC price keeps dropping and difficulty is not dropping anywhere near as fast. Did I miss anything on news for the sudden drop i price? |
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