Post
Topic
Board Mining speculation
Re: Will the difficulty go down again ?
by
newIndia
on 27/12/2014, 10:24:20 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.
I was under the impression that it ended a few days ago, roughly the time that the short term block rate seemed to crash (and estimated next difficulty started to spike)

Next difficulty retarget occurs at block 336671.0 (eta 3.4 days): 39886178001.0 / +1.1% [est.]

I predict, it'll be 40 billion again.