Post
Topic
Board Mining speculation
Re: Will the difficulty go down again ?
by
xstr8guy
on 26/12/2014, 04:04:30 UTC
According to https://alloscomp.com/bitcoin/calculator...

Next difficulty retarget occurs at block 334655.0 (eta 3.2 days): 39547782382.4 / -1.1% [est.]

What is your opinion ?

I think it will go down a second time, originally I was expecting a marginal increase but it looks like more units are powering down
So at least for now the hashrate will drop
(That said I'm curious if its at a peak bubble and will collapse a bit more soon)

Next difficulty retarget occurs at block 336671.0 (eta 16.2 days): 35402299210.8 / -10.3% [est.]

-10.3% ? really ? I can see profit  Roll Eyes

No chance it will be - 10.3%
It needs to average out, closer to the re-target time will show more accurate reading

Next difficulty retarget occurs at block 336671.0 (eta 5.9 days): 39073901597.0 / -1.0% [est.]

Seems you were correct... is the PayCoin mining over ? Seems the hash power is coming back to the bitcoin network.

Yes I believe the pay coin POW is now over so a big section of hash rate has naturally returned to the Bitcoin network, if the timing was a little later then we may have seen 4%-5% drop in difficulty but I suppose the timing was taken into account for the POW
This is probably why the difficulty has been only slightly declining instead of increasing by ~20% every two weeks. It appears that roughly 20% of the preexisting network capacity was added back to bitcoin mining yesterday, based on the 504 block time chart

Paycoin mining was just a blip. It lasted only for a week and ended nearly a week ago.