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.
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.
Last edited by OldChap; 07-20-2011 at 12:59 PM.
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What's it worth now? Did the average payout get cut in half, a third, or... ?
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I saw only a .3 reduce in daily rates, so it wasn't much.
Nice network graphs: http://bitcoin.sipa.be/
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?
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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
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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.
Here's a weekly (I think) market analysis:
http://blog.bitcoinwatch.com/
http://forum.bitcoin.org/index.php?topic=7427.80Originally Posted by shoota
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.
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VERY interesting thread. Ill be watching that one closely thanks!
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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.
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Crunch with us, the XS WCG teamPOLITICAL CORRECTNESS:
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Just noticed this... 1805700 It seems to have dropped a tad.
Crunch with us, the XS WCG teamPOLITICAL CORRECTNESS:
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Yeap. The interest dropped because of price drop. According to bitcoinwatch the network hashrate is slowly recovering.
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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.
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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.
"Great spirits have always encountered violent opposition from mediocre minds" - (Einstein)
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.
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1777774 now?
Crunch with us, the XS WCG teamPOLITICAL CORRECTNESS:
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Wait, it got easier?
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Yup, second time in a row now.
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