Quote from: Otago on July 22, 2013, 10:20:40 AM

Quote from: erk on July 22, 2013, 10:05:22 AM

Quote from: Otago on July 22, 2013, 08:21:33 AM

With a 59% or more rise in difficulty next increase (https://blockchain.info/charts/hash-rate) I wonder whether I should cancel my

How did you come up with 59%? The next difficulty increase is predicted at 20% in a few hours time.

Difficulty change is based on speed of last 2016 blocks solved. Current set was due for completion on 25^th.

If 297TH/s figure I saw becomes average over next 2016 blocks they'll be solved very quickly. Then my estimate would apply for the following set of 2106 blocks.

BTW: hash rate has dropped back to 256TH/s. Someone was testing a lot of capacity.

Yeah well you were wrong, the difficulty only went up to 31,256,961, less than 20% not 59%.