I mean I suppose it is possible if the amount of FUD on youtube increases dramatically.... but you know youtube
You can predict drops by watching hash rates, knowing a little investor/miner psychology, and comparing recient events to things that happened prior to past drops. Mainly its just taking the hash rate and doing the math, and if it keeps going down so will difficulty.
if bitcoin difficulty drops that would be awesome. Even at that I hope more people stop mining now and the price of the btc goes up!
Not if, WHEN. In a matter on minuets (one block) the difficulty will drop about 84k. That's about 4.5%, it's not a record, but it's still awesome.
Happy mining!
Post
Topic
BoardMining
Re: You know when you are bitcoin miner when...
by
xylo
on 13/08/2011, 20:47:01 UTC
119: When you get a call from someone begging you to relocate to McMurdo.
Post
Topic
BoardGambling
Re: BitcoinONE Charity Lottery (Tickets from .01 BTC!!!)
by
xylo
on 13/08/2011, 16:53:52 UTC
This seems like a good idea, but I think you need to rework your percentages. Maybe if you could make this more enticing than the other charity lotteries, and no offence, but what makes this better than Bitlotto jr. (aside from the charity thing)? If anything it's worse, my advice is to make charity optional, the max a person can recieve from the lotto should be about 95%+, and the tickets should have one flat price like .01 or .05. Yes your intentions are good (I hope), but what you need to consider is that most people aren't that generous, even if they got the whole pot some wouldn't bother to take the time. So, for some it's not about generosity its about their time, and if they think it's a waste they won't do it.
This reminds me... I made a backup of my wallet a few days ago, but when I needed it I had already forgotten the PW for the flash-drive, after some digging around I found a recovery key in an encrypted zip on my encrypted partition. In short I've finally restored my wallet.
Note: Some people forget really important things, I'm one of them.
really don't want it to go up? the % i was referring to was the change in the amount earned per day. eg 1 btc vs 1.02 btc = +2% which is unusual as normally miners are gradually earning less per day.
@#$ realist, always have to drag me back to reality. Anyway, bitcoins are bitcoins and I'll take another 2%-ish percent of em'.
Post
Topic
BoardBeginners & Help
Re: Projected BitCoin difficulty drop
by
xylo
on 12/08/2011, 23:43:51 UTC
Network hash rates have been dropping little by little for a while, and maybe, just maybe we'll see a nice difficulty drop. It's almost like panning for gold, shake out the sand and dirt (the not so real miners) and you're left with the gold (as in the real miners).
I've been using Slush's pool since last December and apart from the DDOS attacks that happen occasionally its never let me down. Also my payout from the pool has been ahead of my theoretical solo mining return since I've started so its all good
Same here. I've been using slush since I started, I've tried a few others, but they don't go quite as well for me.
I just ran across some interesting info that some of you may already know about. A potential and what appears likely difficulty drop, so far it's predicted to drop from the current 1,890,362 to aprox. 1,854,133. That's about a 26k drop, I know relative to the current difficulty this is insignificant, but a drop like this has to be noticeable to some miners, or is it?
Doubt it if you were getting say 1btc a day that extra 2% will get you 1.02 not a whole hell of a lot extra to write home about..
True, but I can't complain. I'll take what I can get, and think more long term lets say at that BTC a day that extra 2% (additional .60/month) would make a nice bit of pocket change, for lets say idk... maybe a couple lotto tickets or something.
This information is also available at bitcoincharts.com
Nice to know.
Thanks! Thanks! Thanks! Thanks!
Post
Topic
BoardBeginners & Help
Topic OP
Projected BitCoin difficulty drop
by
xylo
on 12/08/2011, 23:16:44 UTC
I just ran across some interesting info that some of you may already know about. A potential and what appears likely difficulty drop, so far it's predicted to drop from the current 1,890,362 to aprox. 1,854,133. That's about a 26k drop, I know relative to the current difficulty this is insignificant, but a drop like this has to be noticeable to some miners, or is it?
I just ran into some bitcoin charity lottery looking through the forums.
by
xylo
on 12/08/2011, 20:57:35 UTC
Hello, I'm new here, anyway I've been looking through the forums, and I just saw a charity lottery posted by someone called "bitcoinone". Is this real (as in legit)? I'm a bit a paranoid, so mind my not so trusting nature. And is it me or does it say they keep %25 of the entries?
I have to say I'm not too fond of the "Newbies" policy, but I understand why. Just one thing, you stop spam by making newbs spam this thread? I suppose it works... or could work.