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Showing 6 of 6 results by TheTick077
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Topic
Board Beginners & Help
Re: Difficulty increases
by
TheTick077
on 17/04/2013, 21:16:34 UTC
maybe not that much... but yes I think there will be huge increases in the month(s) ahead....

i think the same

So essentially, GPU minining will be a thing of the past, and it will be ASICs all the way. Doing the math, it would still take a large ASIC rig to have enough GH/s to justify it in the very near future at that rate. I just don't see how there could be an increase in difficulty at that rate for a sustained amount of time. Doing some research I think there will be a large jump then it will return to a more normal pattern after about 6-10 months of rapid increase.
Post
Topic
Board Beginners & Help
Topic OP
Difficulty increases
by
TheTick077
on 17/04/2013, 20:25:46 UTC
In about 6 hours the difficulty will be about 9,000,000
At that difficulty, 10GH/s will make about 0.55 BTC a day.
Use that in your calculations for the next 12 days
... then of course multiply 0.55 by approx 0.84 for the 12 days after that ... and continue doing that until BFL release their hardware
That's a reasonably good estimate ... with the totally unknown number in there "until BFL release"
(coz when that happens the difficulty will sky rocket)

This was posted in another thread, and it got me thinking about difficulty and how often it increases and by how much. Obviously this is an unknown, but from everyone's experience (and I know I am posting in a newbie board, but surely someone has some insight), do those numbers seem legit? Specifically the .16 decrease in BTC mined every 12 days?
Post
Topic
Board Beginners & Help
Re: Bitcoin vs Litecoin, where it's all headed...
by
TheTick077
on 17/04/2013, 02:34:06 UTC
Hmmmm...So what do I need to do to get up and running on LTC mining? (BTW I am doing GPU mining at around 200 MH/s)

Tell us which GPU (Nvidia or AMD) you are using and we'll help you out.



It's a AMD 7770. Right now I am using bfgMiner, and am not afraid of CLIs. I do like the realtime data that it gives and all the options for fallback pools etc. Is there something like that for LTC?

Looking through the feature list of bfgMiner, it looks like it has scrypt support. So do I just add the LTC pool like the BTC pools I added?
Post
Topic
Board Beginners & Help
Re: Bitcoin vs Litecoin, where it's all headed...
by
TheTick077
on 17/04/2013, 02:25:46 UTC
Hmmmm...So what do I need to do to get up and running on LTC mining? (BTW I am doing GPU mining at around 200 MH/s)

Tell us which GPU (Nvidia or AMD) you are using and we'll help you out.



It's a AMD 7770. Right now I am using bfgMiner, and am not afraid of CLIs. I do like the realtime data that it gives and all the options for fallback pools etc. Is there something like that for LTC?
Post
Topic
Board Beginners & Help
Re: Bitcoin vs Litecoin, where it's all headed...
by
TheTick077
on 17/04/2013, 02:19:06 UTC
I have been thinking on the same topic for a few days now (which is really the extent of my bitcoin thinking alltogether). I have debated back and forth on weather to mine Litecoin or Bitcoin. Right now I am mining Bitcoin, only because it is more mainstream. I am thinking about moving over, any suggestions on any changes I will need to make if I do make the transition?

Right now mining LTC with similar hardware will get you about 1.4 times the profit, due to the difficulty. Then you can use BTC-E to convert LTC to BTC.

Hmmmm...So what do I need to do to get up and running on LTC mining? (BTW I am doing GPU mining at around 200 MH/s)
Post
Topic
Board Beginners & Help
Re: Bitcoin vs Litecoin, where it's all headed...
by
TheTick077
on 17/04/2013, 02:09:20 UTC
I have been thinking on the same topic for a few days now (which is really the extent of my bitcoin thinking alltogether). I have debated back and forth on weather to mine Litecoin or Bitcoin. Right now I am mining Bitcoin, only because it is more mainstream. I am thinking about moving over, any suggestions on any changes I will need to make if I do make the transition?