Post
Topic
Board Mining speculation
Re: New difficulty: 23844670038 +20.86% - Sucks!
by
philipma1957
on 27/08/2014, 14:53:54 UTC
I believe the difficulty would increase by at least 20% moving forward, too many manufacturer .

no not enough  cheap power plants in the world for constant 20%  growth.

barring a new magic .05 watt chip.

20 % for 24 months  that can't happen . do the math  


oh current predications

 https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Difficulty:   23,844,670,039

Estimated Next Difficulty:   27,061,375,299 (+13.49%)

Adjust time:   After 785 Blocks, About 5.0 days

http://bitcoincharts.com/

Difficulty   23844670039

Estimated   25580501467 in 785 blks

7.2%


So as of right now   7.2% to 13.49 %

These numbers are more in line with my thoughts on diff.

For asic builders keeping network growth between 5% - 10% is in their best interests.