So is the difficulty going to drop drastically? Why does my pool say current difficulty 29 and next difficulty change in a whopping 700+ blocks is expected to be around 2?
The pool is not displaying the estimate correctly. Diff has been going up constantly no matter what the estimate for the next diff says.
Here's the actual difficulty values (stored in the blockchain) from around the last 48 hours.
Pool estimates are way off, possibly because the retarget period is set incorrectly (it appears to be 8 blocks)
26.64692933
17.76461955
25.69929138
28.44285307
18.96190205
15.61455041
23.42182561
32.25042243
34.39282991
28.04719068
32.61303397
33.57843226
50.36764838
33.57843226
31.4982793
37.95932774
30.43345602
45.65022544
41.25803239
52.43291559
34.95527706
42.57430918
40.1487544
36.44368561
48.57817929
32.38545286
41.29926716
27.53286737
18.35525495
27.53291255
26.06668251
18.76426449
28.14642821
41.17742636
Average of these numbers is 32.48744