Post
Topic
Board Bitcoin Discussion
Re: Extended Difficulty Forecast
by
skyhigh
on 18/08/2011, 05:27:08 UTC
my next two re-targets

1758900  followed by
1706000 - 1746000

Because of a massive selling and price dropping below $6 miners started leaving or are being replaced by less and less new miners. If the price will stay above $10 difficulty will most likely stabilize around 1.7mill to 1.8mill for the next few re-targets, but I think its very unlikely that price would stop being so volatile all of a sudden. If price would drop below $9.00 I expect network to keep losing 3% to 5% miners which would result in difficulty dropping at that same pace. If we get a price to rally above $16 I'm expecting 3% to 6% increase in difficulty.