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Re: Difficulty has increased to 15071!

Posted: Wed Jun 15, 2011 11:38 am
by Chucksta
The difficulty increase times on:

http://dot-bit.org/tools/nextDifficulty.php

are they UTC/GMT ?

Re: Difficulty has increased to 15071!

Posted: Wed Jun 15, 2011 12:40 pm
by khal
Yes : UTC/GMT +0000 is UTC/GMT.

Re: Difficulty has increased to 15071!

Posted: Wed Jun 15, 2011 1:09 pm
by Chucksta
Do'h, I forgot that +0000 = the difference between stated time and UTC !!

Therefore stated times are UTC

Double do'h !

Re: Difficulty has increased to 15071!

Posted: Wed Jun 15, 2011 3:44 pm
by wizzard0
Clockmaker wrote:
wizzard0 wrote:
Chucksta wrote: There's absolutely no reason why someone couldn't set that up. Just imagine the level of trading that would go on !
My only concern with setting it up is "would anyone trust me?" :D
What I want to know is why is there such a huge delay in your graph to real time prices? when the price crashed to $10/BTC your graph took a long, long time to reflect it..
1. Tickers can get delayed up to 15 minutes because that's what the update rate is.
2. MtGox's ticker is really slow and unreliable nowadays as they're being heavily DDoS'ed.
2b. Since that price crash, I switched to bitcoincharts.com tickers, they are much more reliable (which is important for historical data), but they can be delayed even more, I can't control this, unfortunately.

Re: Difficulty has increased to 15071!

Posted: Thu Jun 16, 2011 7:58 am
by Chucksta
Next difficulty increase: 52085.5822443 .... 17th of June
246% increase :shock: :lol: :shock: :lol: :shock: :lol: :shock: :lol:

Re: Difficulty has increased to 15071!

Posted: Fri Jun 17, 2011 11:16 am
by Dhomochevsky
It's more like 370% now. And it will jump in a few hours. If current prices are maintained, this jump will push the NMC mining profitability well below the BTC one.

Re: Difficulty has increased to 15071!

Posted: Fri Jun 17, 2011 2:41 pm
by khal
I guess the market is already adapting : NMC price is increasing :p

New difficulty : 55882.

Re: Difficulty has increased to 15071!

Posted: Fri Jun 17, 2011 6:11 pm
by DonMon
khal wrote:I guess the market is already adapting : NMC price is increasing :p
..Not much of an adaptation!...this difficulty has essentially wiped out the NMC/BTC arbitrage...they are essentially identical to mine (at current exchange of ~0.063)...bitcoiners are going to pack up and go home...

Re: Difficulty has increased to 15071!

Posted: Fri Jun 17, 2011 6:22 pm
by cdb000
DonMon wrote:
khal wrote:I guess the market is already adapting : NMC price is increasing :p
..Not much of an adaptation!...this difficulty has essentially wiped out the NMC/BTC arbitrage...they are essentially identical to mine (at current exchange of ~0.063)...bitcoiners are going to pack up and go home...
The namecoin difficulty is rising faster than the bitcoin difficulty.
If the exchange rate tracks the difficulty ratio in the future, it makes best sense to mine namecoins because their value will rise relative to bitcoins.

Of course, namecoin could fail, bitcoin could fail, the sky might fall and the universe might end. Do your own research and make your own decisions.

Re: Difficulty has increased to 55882!

Posted: Wed Jun 22, 2011 9:55 am
by Chucksta
3% increase (July the 1st), but this is dropping rapidly. It was 11% last night, just before I went to bed (10:30 UTC)....

Heading for a difficulty decrease.