View Full Version : Difficulty bump
OldChap
07-20-2011, 12:56 PM
seems to be 1690895 now what was it before 1563xxx I think, so maybe a few folk did give up after the price crash...It certainly seems that fewer people are joining.
Sparky
07-20-2011, 01:18 PM
What's it worth now? Did the average payout get cut in half, a third, or... ?
p2501
07-20-2011, 01:43 PM
I saw only a .3 reduce in daily rates, so it wasn't much.
Nice network graphs: http://bitcoin.sipa.be/
shoota
07-20-2011, 06:19 PM
Yeah i think mine was right around .3 as well. I just wonder why the price doesn't go up when the difficulty does. Anyone know?
really wish bitcoins would increase in price. meanwhile i will keep tweaking these cards to try and get a little bit more hash rate out of them and hope i can still keep earning something
Jen
WhiteFireDragon
07-20-2011, 07:23 PM
all the smaller miners have left, but there are some of the heavy hitters that keep buying more and more hardware. i think there's a few of those kinds of guys on the bitcoin forum that has over 100ghash/s total, pretty much enough to have their own pools.
p2501
07-20-2011, 09:23 PM
Here's a weekly (I think) market analysis:
http://blog.bitcoinwatch.com/
Yeah i think mine was right around .3 as well. I just wonder why the price doesn't go up when the difficulty does. Anyone know?
http://forum.bitcoin.org/index.php?topic=7427.80
Tom128
07-21-2011, 06:58 AM
I read a good write up about difficulty vs price. The theory was that difficulty follows price, and it's a one way interaction not vice-versa.
shoota
07-21-2011, 08:25 AM
http://forum.bitcoin.org/index.php?topic=7427.80
VERY interesting thread. Ill be watching that one closely thanks!
[XC] hipno650
07-22-2011, 05:50 PM
it seems to me that the "fad" seems to have calmed down or subsided. most of the guys who wanted to try it out for a bit seems to have backed off form it seeing it as to much work as the payout is no-ware near what they thought it might be. with the way things are right now I can still make about a $200.00 profit per month which is still better than a kick in the pants. and considering I did not really invest any money into mining things are still looking pretty good. hopefully things in the market and mining world will slow down a bit and grow slowly rather than being up or down and all over the place. If I had to guess now that it seems to be more of a "long haul" project in-order to make any real money that less people will get into it and the price will increase slowly but surely.
OldChap
08-01-2011, 02:10 AM
Another one: 1888786
OldChap
08-18-2011, 12:12 PM
Just noticed this... 1805700 It seems to have dropped a tad.
Yeap. The interest dropped because of price drop. According to bitcoinwatch the network hashrate is slowly recovering.
[XC] Oj101
08-21-2011, 09:28 AM
I was one that bailed. My GTX480 made me $40 over just over two months, it's just not worth it when my card is so much better suited to GPUGrid.
MadHacker
08-21-2011, 12:19 PM
price is related to supply and demand.
difficulty is related to ghash of miners.
it is conceivable that someone can inverst millions in hardware and if demand of bitcoins drop then dificulty inceases while proce drops.
one is not exclusive to the other.
Stewie007
08-21-2011, 01:22 PM
Personally, I wonder what the real motive behind bitcoin mining is? I also wonder how long it will be before somebody breaks the encryption making it totally worthless. ;)
OldChap
08-30-2011, 11:56 AM
1777774 now?
Sparky
08-30-2011, 07:34 PM
Wait, it got easier?
p2501
08-30-2011, 10:15 PM
Yup, second time in a row now.
http://bitcoin.sipa.be/speed-lin-10k.png