Quote from: jonnybravo0311 on July 17, 2014, 06:19:29 PM

Quote from: bryonp on July 17, 2014, 06:03:46 PM

Quote from: jonnybravo0311 on July 17, 2014, 02:42:19 PM

Your argument is based on the statement that difficulty keeps rising. While historically this is true, it is not a guarantee of future patterns. Yes, we have seen some insane rises in difficulty, but that is due to a number of factors including wider acceptance, general knowledge of crypto-currencies, incredible hardware advances, etc. I don't think we can state as a fact that difficulty will forever continuously rise.

Just wondering... I thought that the difficulty levels where built in to the whole pattern... or design of bitcoin and mining...
I thought that it was set well in advance every level?
Is it possible that it will stop going up??
I figured for sure within a few months I would be pushed out because of this and the expenses...?
Running 4 TH for a few months now and it has gone way down.....

The difficulty is not set in advance, it is a byproduct of the network "resetting" itself to ensure 10 minute block generation time. Every 2016 blocks, the network basically says, "Ok, it's been 2016 blocks. How long did it take me to get here? How does that compare to what it was supposed to be? Adjust to compensate."

Yes, that's a simplification, but you get the point.

Given this description, you can see that it indeed can stop going up. If the average time for the previous 2016 blocks is greater than 10 minutes, then it would go down to compensate. Last time that happened? January, 2013.

Thanks guys... After I wrote that... I went and reread up on it and I see what your saying....
I kinda forgot it...
Wish it would level out a bit......
Thanks again