At the current difficulty, would it be possible to estimate daily earnings at 5.8+Ghs (18 asic in a 20 port hub) or it that not possible since payouts aare based on what you put in to he pool ?
5.8GH at 511 million difficulty would average 0.00569 BTC/day.
Lol, 1 BTC after a year which yes I know is a dream since difficulty is only ever going to go up. On that note, has it ever been dropped ?
Yes, historically difficulty has dropped, though not often. If you go back to the Fall of 2011 difficulty went from 1.9 million down to 1.1 million (a drop of 40%) from August through December of that year. This was directly because BTC was dropping even faster: from about $10/BTC down to under $2.50/BTC. Miners were turning off their GPUs and selling them.
Don't count on this scenario to repeat itself anytime soon.
Like I said in the quoted reply...
LOL
the 1123 min. one was from Bitminter yesterday. the confirms today are from me paying out. so this is normal? I have never had a transaction take more than 20 minutes to confirm. I guess the one from bitminter that was stuck from yesterday was holding all the later trans. up. I am good now, they have all confirmed. I was worried something was wrong with the network.
I would think that btc price of 320usd or more has made for more transactions. Think of a person that held coins from Last years price of 10 usd. I would think he is selling now. I would also think outsiders to btc are buying coins like stock .
No, if anyone was wise and had coins from last year they would hang continue to hang onto them as the price is surely going to high $1k per BTC in less than a year, heck it may even go as high as $2k per BTC!
Still, even if it gets that high, it can't last forever... everything pops at a point before it rebuilds.
Edit: With difficulty oing up and people in BitMinter with 200+ GHs, I'm not even sure if this pool will be a good fit for me with pay being based on participation and I'm t best doing 6.5Ghs