Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE 166 TH/s
by
altoidmintz
on 05/01/2014, 02:02:30 UTC
Cryptx,

It's time to renegotiate the deal with Cointerra.  At this point 20% isn't going to cut it.


...?

Bitcoin difficulty adjusts every 2016 blocks. A block is mined about every 10 minutes. This means difficulty adjusts about every 2 weeks. There are about 4 weeks in a month.
http://bitcoindifficulty.com/
Bitcoin difficulty is adjusting about +1% per adjustment. Compounded monthly, this means about +2.01% increase per month.

Gaining 20% mining power per month, we are essentially realizing a real-value gain of about 18% per month as long as the chips are delayed.

I think 20% will cut it just fine.



Now on the other hand, if we can get a better deal I'm all for it Wink