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    Author Topic: Next difficulty in approx 3 days?? 1,240,416  (Read 5385 times)

    • ninjapug (OP)
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    June 22, 2011, 02:51:00 AM
     #1
    When do you think the next difficulty change will be?

  • AngelusWebDesign
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    June 22, 2011, 03:33:06 AM
     #2
    You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate.  That will give you a pretty accurate idea.  Right now it's looking like Friday morning.

    It will be another doozy.

  • finnthecelt
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    June 22, 2011, 03:35:53 AM
     #3
    Quote from: AngelusWebDesign on June 22, 2011, 03:33:06 AM
    You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate.  That will give you a pretty accurate idea.  Right now it's looking like Friday morning.

    It will be another doozy.


    How exciting!!!! Less BTC, more competition, less trading, less credibility, lower exchange rate!? What could go wrong?

    Smiley

    What does it take to make the difficulty lower?

  • AngelusWebDesign
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    June 22, 2011, 03:37:38 AM
     #4
    Bad things to happen, and lots of miners quitting en masse!

  • FlipPro
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    June 22, 2011, 03:38:35 AM
     #5
    Quote from: finnthecelt on June 22, 2011, 03:35:53 AM
    Quote from: AngelusWebDesign on June 22, 2011, 03:33:06 AM
    You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate.  That will give you a pretty accurate idea.  Right now it's looking like Friday morning.

    It will be another doozy.


    How exciting!!!! Less BTC, more competition, less trading, less credibility, lower exchange rate!? What could go wrong?

    Smiley

    What does it take to make the difficulty lower?
    It will never get lower.

    Why less credibility if its harder to get?  If history has proven anything it is that people usually want what they CAN'T get. And who the hell said the exchange rate will be lower? It might dip for a little bit after MTGOX comes back in, but in 2 weeks everything will be back to normal with bitcoins trading at about $30 a coin.

  • finnthecelt
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    June 22, 2011, 03:43:28 AM
     #6
    Quote from: Vegetta on June 22, 2011, 03:38:35 AM
    Quote from: finnthecelt on June 22, 2011, 03:35:53 AM
    Quote from: AngelusWebDesign on June 22, 2011, 03:33:06 AM
    You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate.  That will give you a pretty accurate idea.  Right now it's looking like Friday morning.

    It will be another doozy.


    How exciting!!!! Less BTC, more competition, less trading, less credibility, lower exchange rate!? What could go wrong?

    Smiley

    What does it take to make the difficulty lower?
    It will never get lower.

    Why less credibility if its harder to get?  If history has proven anything it is that people usually want what they CAN'T get. And who the hell said the exchange rate will be lower? It might dip for a little bit after MTGOX comes back in, but in 2 weeks everything will be back to normal with bitcoins trading at about $30 a coin.

    You steal my very soul from me with your reason......   Undecided

  • jalidi
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    June 22, 2011, 03:48:49 AM
     #7
    You can follow it with this: http://bitcoinwatch.com/ and look at the block statistics.

    But it's like 2016 blocks per difficulty increase and the network is doing 260 blocks per day... just a bit under 8 days now.

    Basically the faster we do those 2016 blocks, the more it cranks the difficulty... if we did it 50% slower, the difficulty will fall, which will never happen considering the number of new machines being added each and every day.

  • finnthecelt
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    June 22, 2011, 03:53:18 AM
     #8
    Quote from: jalidi on June 22, 2011, 03:48:49 AM
    You can follow it with this: http://bitcoinwatch.com/ and look at the block statistics.

    But it's like 2016 blocks per difficulty increase and the network is doing 260 blocks per day... just a bit under 8 days now.

    Basically the faster we do those 2016 blocks, the more it cranks the difficulty... if we did it 50% slower, the difficulty will fall, which will never happen considering the number of new machines being added each and every day.

    So I'm really curious who has the intestinal fortitude to keep mining if:

    1) The exchange rate stagnates or (ahhhh) goes down!
    2) The difficulty rate keeps going up
    3) Scandal persists???
    4) Other stuff, eg, inlaws can't stand the noise, heat, etc.,   Smiley

  • ninjapug (OP)
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    June 22, 2011, 03:54:50 AM
     #9
    Everyone should halt mining for the next 2 days now.

  • finnthecelt
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    June 22, 2011, 03:56:02 AM
     #10
    Quote from: ninjapug on June 22, 2011, 03:54:50 AM
    Everyone should halt mining for the next 2 days now.

    As the darkness of the Abyss swallows your very words......

  • CJYP
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    June 22, 2011, 04:11:22 AM
     #11
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    What does it take to make the difficulty lower?
    When we hit block #210,000.

  • niemivh
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    June 22, 2011, 04:13:36 AM
     #12
    Quote from: AngelusWebDesign on June 22, 2011, 03:37:38 AM
    Bad things to happen, and lots of miners quitting en masse!


    That's why I've been getting more BTC!  Keep quiting!!!!!!!!
    I'll keep my politics out of your economics if you keep your economics out of my politics.

    16LdMA6pCgq9ULrstHmiwwwbGe1BJQyDqr

  • Oldminer
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    June 22, 2011, 04:14:01 AM
     #13
    Quote from: ninjapug on June 22, 2011, 03:54:50 AM
    Everyone should halt mining for the next 2 days now.

    Err..we talking a miners strike here  Grin
    If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
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  • FlipPro
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    June 22, 2011, 04:17:51 AM
     #14
    Quote from: finnthecelt on June 22, 2011, 03:53:18 AM
    Quote from: jalidi on June 22, 2011, 03:48:49 AM
    You can follow it with this: http://bitcoinwatch.com/ and look at the block statistics.

    But it's like 2016 blocks per difficulty increase and the network is doing 260 blocks per day... just a bit under 8 days now.

    Basically the faster we do those 2016 blocks, the more it cranks the difficulty... if we did it 50% slower, the difficulty will fall, which will never happen considering the number of new machines being added each and every day.

    So I'm really curious who has the intestinal fortitude to keep mining if:

    1) The exchange rate stagnates or (ahhhh) goes down!
    2) The difficulty rate keeps going up
    3) Scandal persists???
    4) Other stuff, eg, inlaws can't stand the noise, heat, etc.,   Smiley
    Who cares if the scandal persists, you clowns don't understand that exchangers, and bitcoin have nothing to do with each other. I wish all the exchangers would just go away, and let us build our economy up.
    The difficulty is going to keep going up, and the miners who are getting started now will be the ones mining in the future. It will get to the point where normal people will not be able to get into it AT ALL, because the mining market will be dominated by its earliest adopters. But what is so wrong with that?

  • phillipsjk
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    June 22, 2011, 05:11:44 AM
     #15
    Quote from: CJYP on June 22, 2011, 04:11:22 AM
    Quote
    What does it take to make the difficulty lower?
    When we hit block #210,000.
    :Grin:

    Quoted for possible truth.

    For those that don't know, the block reward drops to 25 BTC on (or about) that block. I hope to have a modest cluster on standby that can mine at a slight loss if needed.
    James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE  0A2F B3DE 81FF 7B9D 5160

  • AngelusWebDesign
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    June 22, 2011, 06:05:48 AM
     #16
    That's D-Day -- when everyone either has paid for their mining hardware, or never will...

    (When blocks net 25 BTC instead of 50)

  • ones51
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    June 22, 2011, 06:20:23 AM
     #17
    Quote from: Vegetta on June 22, 2011, 03:38:35 AM
    Quote from: finnthecelt on June 22, 2011, 03:35:53 AM
    Quote from: AngelusWebDesign on June 22, 2011, 03:33:06 AM
    You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate.  That will give you a pretty accurate idea.  Right now it's looking like Friday morning.

    It will be another doozy.


    How exciting!!!! Less BTC, more competition, less trading, less credibility, lower exchange rate!? What could go wrong?

    Smiley

    What does it take to make the difficulty lower?
    It will never get lower.

    Why less credibility if its harder to get?  If history has proven anything it is that people usually want what they CAN'T get. And who the hell said the exchange rate will be lower? It might dip for a little bit after MTGOX comes back in, but in 2 weeks everything will be back to normal with bitcoins trading at about $30 a coin.

    Where did you get your crystal ball? I would like to purchase one please.

  • FlipPro
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    June 22, 2011, 06:29:00 AM
     #18
    Quote from: ones51 on June 22, 2011, 06:20:23 AM
    Quote from: Vegetta on June 22, 2011, 03:38:35 AM
    Quote from: finnthecelt on June 22, 2011, 03:35:53 AM
    Quote from: AngelusWebDesign on June 22, 2011, 03:33:06 AM
    You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate.  That will give you a pretty accurate idea.  Right now it's looking like Friday morning.

    It will be another doozy.


    How exciting!!!! Less BTC, more competition, less trading, less credibility, lower exchange rate!? What could go wrong?

    Smiley

    What does it take to make the difficulty lower?
    It will never get lower.

    Why less credibility if its harder to get?  If history has proven anything it is that people usually want what they CAN'T get. And who the hell said the exchange rate will be lower? It might dip for a little bit after MTGOX comes back in, but in 2 weeks everything will be back to normal with bitcoins trading at about $30 a coin.

    Where did you get your crystal ball? I would like to purchase one please.
    The same place 90% of the people in this forum got theirs lol.



    Edit: This isn't meant to demoralize my postings, or anyone elses for the matter. It's meant to show that the only real thing that we have, is that bitcoins are here to stay forever. Whether the market crashes in 2 weeks or not, whether difficulty rises or drops, whether the economy grows or not, bitcoins will still be here. Everyone reading this post right now needs to go into this with that kind of mentality, that bitcoins are never going to disappear, and I promise you everyone reading this message right now will be a winner in the future. But it's not going to happen with pump and dump tactics, and smear manipulation.

  • nemo
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    June 22, 2011, 06:33:50 AM
     #19
    I hope the difficulty triples. I haven't played video games in a month. And the new American McGee's Alice is out. I hear Duke Nukem sucks, but still. It's Duke Nukem.

  • nhodges
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    June 22, 2011, 06:57:14 AM
     #20
    Quote from: AngelusWebDesign on June 22, 2011, 06:05:48 AM
    That's D-Day -- when everyone either has paid for their mining hardware, or never will...

    (When blocks net 25 BTC instead of 50)

    What do you mean? Hardware cost is fixed, it just takes longer to recoup the initial investment. You only start losing money when you are paying more in kilowatt hours than you are making in BTC.
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