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Average Litecoin Difficulty Increase

Difficulty - Bitcoin Wiki

Difficulty - Bitcoin Wiki

Difficulty is a measure of how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target.Mining pools also have a pool-specific share difficulty setting a lower limit for shares. How often does the network difficulty change? difficulty = difficulty_1_target / current_target difficulty_1_target can be different for various ways to measure difficulty.Traditionally, it represents a hash where the leading 32 bits are zero and the rest are one (this is known as "pool difficulty" or "pdiff").The Bitcoin protocol represents targets as a custom floating point type with limited precision; as a result, Bitcoin clients often approximate difficulty based on this (this is known as "bdiff"). Each block stores a packed representation (called "Bits") for its actual hexadecimal target . The target can be derived from it via a predefined formula. For example, if the packed target in the block is 0x1b0404cb, the hexadecimal target is 0x0404cb * 2**(8*(0x1b - 3)) = 0x00000000000404CB000000000000000000000000000000000000000000000000 Note that the 0x0404cb value is a signed value in this format. The largest legal value for this field is 0x7fffff. To make a larger value you must shift it down one full byte. Also 0x008000 is the smallest positive valid value. How is difficulty calculated? What is the difference between bdiff and pdiff? The highest possible target (difficulty 1) is defined as 0x1d00ffff, which gives us a hex target of 0x00ffff * 2**(8*(0x1d - 3)) = 0x00000000FFFF0000000000000000000000000000000000000000000000000000 It should be noted that pooled mining often uses non-truncated targets, which puts "pool difficulty 1" at 0x00000000FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF S Continue reading >>

Litecoin Difficulty Dropping So Strong

Litecoin Difficulty Dropping So Strong

IMHO the LTC difficulty is dropping due to everyone I know with miners like the A2 A4 and L3 are mining on nicehash or prohashing these multipools make more then the 103% payout I get on www.litecoinpool.org Id probably do the same except I have 2014 knc Titans and they HATE fast switch coinsdoing so Id lose say 5% on prohash in fees and 3% in error rate and 3% by not getting the Litecoinpool 3% bonus (free litecoin pool) thusmy guess is that everyone without a frigging titan or touchy ltc miner is going to multipools and such and we are benifiting (the lost/remainning) by ltc difficulty going down this will last till the next batch of new bitmains hit china the L3 has not even hit the usa market and they are deploying the L3+ at 505mh as we speak (so the rumor goes) so ride the wave while it lasts till the new L3+ scrypt hits (or folk come back to LTC network) but Ive gone from 875 after elec for my units in the last 6 weeks or so as its worse to 1200 usd nowmost due to the difficulty drop ltc price has gone sideways anyway using this app on litecoinpool www.litecoinpool.org/calc for those who dont have miners anymore to keep track of what is up on this Im running Titans and I usually loose some 10-20% hashrate mining multipools. I also stick to Litecoinpool because of that. If the L3s are better at coinswitching you are problably right. One other reason could be that after three month all the new miners that hit the market late last year are running into some maintenance issues as any other hardware do Oh you mean like bitcoin how one person controls or try to control everything with chips pool and miners? I have little faith on this bit of LTC pumpI had some faith at 4.44 per LTC. but when it slipped to 4.13 usd Ixfered my big 40 LTC from 2 days of miningat 4.12 usd Continue reading >>

Litecoin Difficulty Historical Chart

Litecoin Difficulty Historical Chart

btc eth bch ltc dash btg xmr etc zec doge vtc ppc ftc nmc rdd blk aur nvc qrk mec bat btg bcc emc2 sc dgb nav sys pot vrc via kore dope cloak wc xwc icn unb ptc grc bela xst enrg slr efl trust btcd net rby uno btcs air sxc moon trc mint bost pxc grn hbn wdc cat super zet qtl utc plc xpy bits top cc nyan arg fire uro hal con Continue reading >>

Litecoin Difficulty And Hashrate Chart - Bitcoinwisdom

Litecoin Difficulty And Hashrate Chart - Bitcoinwisdom

Average block generation time of 1008 blocks. If grey line less than blue line, The generation time is decreasing. The more grey line is lower than blue line, the faster generation time is decreasing. After 2016 blocks generated, Litecoin will adjust difficulty to estimated difficulty in order to keep the block generation time at 150 seconds. Continue reading >>

Expected Bitcoin Difficulty In 2018

Expected Bitcoin Difficulty In 2018

There are lots of videos and articles on what Bitcoin difficulty is, and lots of charts on how it's changed over the past couple of years. But this isn't really helpful if you're thinking about investing in cloud mining, or maybe even buying your own mining rig. This guide has our thoughts on what will effect Bitcoin difficulty over 2018. We posted a guide on Genesis Mining profitability for September 2017, and in this we assumed that each time Bitcoin mining difficulty doubles - the value of it also doubles. This guide explains why. So let's start by looking at how Bitcoin difficulty has changed every 4 months for the past 3 years: *Values taken from: Looking at the Blockchain chart above for the past 2 years, it definitely looks exponential; e.g. it doubles at the same rate every 4 months. But the figures for the past 3 years don't do that. In 2015 it took around 11 months for the difficulty to double, in early 2016 around 6 months, in late 2016 around 8 months - and then in 2017 between 5-6 months. What we're suggesting is that the rate the Bitcoin difficulty is increasing is not fixed. Right now, in September 2017, Bitcoin is very popular, with thousands of new investors and miners every day. So a sudden increase in difficulty would seem to make sense - as there are lots more transactions being sent, and lots more people mining it. The drop in difficulty in August 2017 is a good identifier for this, where because lots of miners moved over to Bitcoin Cash (as it was more profitable at the time), transactions were taking longer to process - and so the difficulty was decreased. If you were a miner running a large setup, and Bitcoin mining were to no longer be profitable, then you'd likely start mining something else that was. This would decrease the difficulty for eve Continue reading >>

Litecoin's Difficulty Falls To 2016 Lows

Litecoin's Difficulty Falls To 2016 Lows

Litecoin's difficulty has fallen to the lowest level in 2016 after the recent difficulty update. Litecoin is losing its luster as the 'silver to Bitcoin's gold' as other cryptocurrencies like Ethereum gain in popularity. Litecoins difficulty has dropped to the 2016 lows, even as Bitcoins difficulty reaches new all-time highs, in the latest Litecoin difficulty update yesterday, according to data from Bitcoinwisdom . Litecoin has been struggling to gain more popularity in recent months, especially after the recent surge in the price of Ethereum. Litecoin was once seen as silver to Bitcoins gold. However, the price of Litecoin has increased over the last few weeks when Ethereum has struggled, and it now stands at over $3.5 per Litecoin, according to data from Coinmarketcap . Litecoins hash rate dropped to 1,378 GH/s from 1,481 GH/s for a drop of 6.95%. This drop means the hash rate and difficulty reached the lowest points in 2016. Litecoin started the year with a hash rate of around1,480 GH/s and a difficulty of51,718. The current network difficulty is48,114. On the mining front, there are no reliable ASICs for scrypt yet that can consistently outperform GPUs and make a profit after taking the hardware and electricity costs into consideration. Litecoin was the first major coin to shift to scrypt from SHA-256, which is a memory-intensive proof of work and therefore any ASICs will only have a limited upside compared to regular miners, since memory is more expensive than simple processing. Litecoin currently stands behind Bitcoin and Ethereum in total market capitalization. It is almost 4 times the market capitalization of the next cryptocurrency on the list, which is currently Dash. Litecoin has been at this place in a steady state, even as several other cryptocurrencies wa Continue reading >>

Litecoin Difficulty And Hashrate Chart - Ltcwisdom.net

Litecoin Difficulty And Hashrate Chart - Ltcwisdom.net

This graph needs a bit more explanation. The block times are indicative of how the hashingrate is changing over time, with the proviso that the time it takes to obtain any given block varies from block to block even if the hash-rate stays the same. To counter this variation we average the last 504, and the last 1008 block times, and seewhat the difference is between them - this is what is being plotted. The grey line is the time it took to find a block, averagedover the last 504 blocks. The blue line is the time it took to find a block, averagedover the last 1008 blocks. When the grey line is lower than the blue line, the block-generation-time is decreasingwhich means the hashing power is increasing over time. The further the grey line is below the blue line, the faster the block-generation time is decreasing. After 2016 blocks, Litecoin will adjust the difficulty (the red line) to the value of theestimated difficulty (the purple line). Worth noting that there's a small scaling issueI have yet to resolve on this where the two aren't *quite* meeting. I'll fix it soon. The above graph shows the distribution in hash-rate for the time-period for which wehave sampled data. Continue reading >>

Mining Profitability - How Does A Difficulty Increase Affect A Miner's Income? - Bitcoin Stack Exchange

Mining Profitability - How Does A Difficulty Increase Affect A Miner's Income? - Bitcoin Stack Exchange

How does a difficulty increase affect a miner's income? At the time I write this, there are a lot of people getting into Bitcoin mining for the first time. Many buy ASIC hardware and are later surprised that their mining income suddenly drops due to a difficulty increase. If I mine X bitcoins per day, then the difficulty goes up Y percent, how many coins do I get per day after this? For instance, if my hashrate brings 1 BTC per day and the difficulty rises 30%, what is my average daily mining income with the same hashrate after this change in difficulty? Your profit relates to the amount of hashing power you contribute to the network. Since your mining power is constant, your share of the total hashing power decreases relatively when the network's hashing power increases. I.e. we can deduce the following formula: newProfit = currentProfit * currentDiff/newDiff. At a currentProfit of 1BTC/d and a 30% increase in difficulty, you get: (1BTC/d)*100/(100+30)= (1BTC/d)/1.3 = 0.76923077 BTC/d The target, which the difficulty is derived from, determines how hard hashing should be so that one block is found every 10 minutes, on average. A 30% increase in difficulty means the network was finding blocks 30% too fast over the last 2015 blocks so as a result, your profits (assuming no other miners join or leave the network) will be about 23% (1 - 100/130) less. For example, 1 GH/s nets about 0.00098431 a day at the current difficulty. With an increase of 30%, this would mean about 0.00075716 per day, 0.00098431/0.00075716 is about 130%. However, with all the mining equipment being added between blocks, it's likely you'll make a lot less. Continue reading >>

Litecoin Mining Calculator

Litecoin Mining Calculator

Enter hashrate data for responsive chart! Enter hashrate data for responsive chart! Estimated Future {{coinSymbol}} Generated To save your configurations, simply bookmark the page you are on currently (Ctrl + D) or save the URL below! The diff change is the rate at which the network difficulty is changing every month. Diff change is used for the estimated future profits graph and break-even analysis. Typically in crypto, network difficulty tends to increase over time, meaning a miner will generate less crypto with the same hardware. Accounting for this changing difficulty is essential to generate long term profitability predictions. The diff change value is calculated by looking at the current difficulty and comparing it to the 12 hour moving average of the difficulty one month ago. For smaller coins the diff change can sometimes be inaccurate due to a wildly fluctuating difficulty. The diff change factor can be disabled by either manually setting it to 0 or clicking a "Use Diff Change" switch found below the graph and in the break-even analysis section. Diff Change value is very large. Future profitability estimates may be inaccurate. Consider making Diff Change smaller or turning off Dynamic Difficulty. Hashrate is the only value you need to input to use this calculator, we do the rest of the work for you! Hashrate is the speed which you are mining, and is normally clearly displayed by your mining software or in the specifications for mining hardware. Make sure that you have the correct hashrate suffix selected. For example, if your miner reports 600 GH/s, ensure that GH/s is selected and not TH/s. The Break-Even Analysis feature can help you predict how long it will take to become profitable for a given setup. Time to break-even is calculated by comparing your hardw Continue reading >>

Hash - What Does The Mining Difficulty Number Really Mean? - Bitcoin Stack Exchange

Hash - What Does The Mining Difficulty Number Really Mean? - Bitcoin Stack Exchange

What does the mining difficulty number really mean? I'm looking into mining, how it works, and how to get started. I see a "mining difficulty" from many sources and list a 3 billion something number without units. What exactly does this number mean and how does it relate to the processing speed of the hardware used? For example, what predictions can be made on the number blocks you will solve with a 100 Gh/s ASIC at any given difficulty? I assume Gh/s is giga hashes per second, though I don't know what a hash is either. I found this related question , but I don't understand the answer. As an extension question, how might this relate to mining in a pool? Bitminter says it has 424 Th/s, so my 100 Gh/s is a drop in the bucket. (If I may repeat myself a bit...) Mining is like having a lot of people throwing weighted coins (such that 1 millionth of the time it comes up heads) and telling you when they hit a heads. If one such "heads" is reported every 10 minutes (600 seconds), you can make a very accurate estimation of how many times per second the coins are being flipped. In this example: (1,000,000 flips/heads) / (600 seconds/heads) ~= 1,667 flips/second The network difficulty is how you adjust this 1,000,000 figure so that the 600 figure stays consistent as the network's total hash power (1,667) changes. To see real-world calculations of how the difficulty affects the coins discovered per time spent, see any mining profitability calculator , and change the "difficulty" figure. The Bitcoin wiki has details on difficulty , as well. When mining , your computer creates a block of data, which has a list of all of the transactions it knows about, includes a transaction that pays you the mining bonus, and then hashes that. If the hash happens to be a small enough number (as def Continue reading >>

Litecoin Difficulty Chart

Litecoin Difficulty Chart

Bitcoin > Litecoin Data > Litecoin Difficulty Chart A chart showing litecoin difficulty changes over time. How many people do you think own bitcoin? I would like to receive the following emails: CoinDesk Weekly - Insights for the week ahead CoinDesk Daily - Our snapshot of the day's news Subscribe to our free newsletter and follow us Continue reading >>

What Is Litcoin (and How Is It Different From Bitcoin)?

What Is Litcoin (and How Is It Different From Bitcoin)?

What is Litcoin (And How is it Different From Bitcoin)? Litecoin is based on the original Bitcoin algorithm but with some key changes. The aim was to make a cryptocurrency that would be able to be mined by the average user without ASIC miners being introduced like happened in Bitcoin. In theory this should protect the difficulty growth of the currency and make it more appealing to miners. However, ASIC miners designed to mine Litecoin are available since 2015. Litecoin is considered by most as comparable to Silver where Bitcoin is Gold. As the currency grows in popularity more and more people are using it for gambling and currency trading just as happened when Bitcoin first went mainstream. Finding Litecoin exchanges is more difficult than finding Bitcoin ones. This might lead the internet community to use it more as a currency and less as an investment asset, unlike Bitcoin which has been used as an asset more than as a currency. Litecoin does not enjoy the same degree of acceptance as Bitcoin. This is one of the reasons why its value is significantly lower than that of Bitcoin. Assuming Litecoin reaches the same degree of acceptance than Bitcoin, all else equal, it is still expected to be significantly cheaper per unit. This is because the total amount of coins to be issued is 4 times greater than that of Bitcoin. This means that Litecoin may serve as some kind of Bitcoin continuation mechanism in the market once a maximum amount of Bitcoins has been mined, although this is not its desired goal. Litecoins algorithm is different than that of Bitcoin, to allow Bitcoin miners to mine both at the same time. Ultimately, Litecoins status as the second most popular cryptocurrency, offers a huge upside potential that Bitcoin can no longer offer. As Bitcoin gets increasingly Continue reading >>

Litecoin Difficulty - Crypto Mining Blog

Litecoin Difficulty - Crypto Mining Blog

All About BTC, LTC, ETH mining as well as other alternative crypto currencies Litecoin (LTC) Hashrate Analysis Post Halving Charlie Lee, the creator of of the popular alternative crypto currency Litecoin, has posted on Reddit a short and interesting analysis on why a few weeks after the first block reward halving the difficulty and price of LTC has returned to the level it was prior to the event. Below you can find his post quoted: After the halving one would expect that either the price will go up or the hashrate must drop. This is because mining is designed with a Nash equilibrium of miner profit reaching 0 over time. So if miners are running at near 0 profit, and suddenly their revenue gets cut in half, miners would need to turn off their machines unless they are willing to mine at a loss. The halving happened, and the price stayed the same. The hashrate dropped a little but then climbed back up pretty quickly to the previous level. Thats really unexpected, but I think I have an explanation. I talked to some Chineses miners at Scaling Bitcoin and learned something interesting. Most miners have found electricity for free or close to 0 cost. Chinese hydro power plants are sometimes generating too much electricity. That electricity goes to waste if its unused. So these plants have either sold the electricity for near 0-cost or they have partnered with miners to give them free electricity for a revenue share. So this makes total sense now. If the electricity is free or close to 0 cost, then theres no reason for miners to shut down their machines. They make half as much, but still profitable. These miners have also been asking around at the conference to try to buy old outdated Bitcoin/Litecoin ASICs. With 0-cost electricity, they can keep those machines running and stil Continue reading >>

Litecoin: What Difficulty Increase To Expect

Litecoin: What Difficulty Increase To Expect

LITECOIN: what difficulty increase to expect i'm thinking about buing mining hardware and try to make profit calculations using i don't worry much about the exchange rate. if the price for LTC hits rock bottom tomorrow, i can wait for the next boom to refinance the hardware, as long as i make enough coins on the way. but i fear that using past data and projecting it in the future will underestimate difficulty rise, because of the flood of new miners comming in since bitcoin hit 1000$. what are your expectations for average difficulty rise (per 2016 blocks/3.5 days) for the next 6 months / year? 12+ exclusive games The Bitcoin Casino by Primedice Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Considering how quickly people are setting up rigs since graphics cards are sold out EVERYWHERE you can expect to see a massive difficulty increase to correct things a bit. Recently you could buy a brand new graphics card and it would give you the money back in a WEEK which is just nuts. Right now it's extended to about 3 weeks for the brand new cards which is still completely worth dumping a ton of money into. Feathercoin is down like 30 difficulty over the past few days. Me likey! This coin is in a position where Bitcoin was back in 2009 In the difficulty chart, you can see how the difficulty changed in last 14 days. In my opinion, it will at least tripled the current difficulty with in 6 month. according to the last two difficulty increases since the bitcoin boom end of november have been 13-14% per 2016 blocks. projecting that to the future would mean no GPU will ever pay off. see using 13.5% increase. however, i expect that the difficulty increase will flatten once the current hype wea Continue reading >>

Litecoins Rise To $1000 Will Be Just The Beginning Of Cryptocurrencys Silversurfer

Litecoins Rise To $1000 Will Be Just The Beginning Of Cryptocurrencys Silversurfer

Litecoins rise to $1000 will be just the beginning of cryptocurrencys silversurfer If youve been following my $LTC trading analysis , you will know who I am. Back in April I noticed parabolic wormhole being formed in the fabric of the universe in which Litecoin, the silver to bitcoins gold more than doubled in value over the following 48hrs as it traversed through it. But its not that I noticed this wormhole which was so unique its that I charted it in such a rediculous a way which took me from pleb to senior pleb status overnight. You could say I have made charting parabolic moves into an art, literally. I have analysed many different coins but its when I come back to talking about Litecoin that I really get arize. So here we are today at the same LTC/BTC price of ~.01BTC as when this wormhole was created above. Since then, the price of Litecoin in terms of USD has gone from a high of $15 to the high in the last 24h of $150. A 10x gain over 8 months. What Im going to show to you today however is that this was this was merely a blip of growth compared to what is about to come. I see another quantum leap that will take Litecoin from.01BTC to somewhere around.25BTC which in todays terms brings LTC to around $3,750 each. I know that sounds crazy and even I have struggled to come to grips with it, but once you do the math and look at the following data, the penny will drop and LTC will make a push to at least.1BTC very, very quickly. I expect it will come sooner and more surprisingly than most will be ready for. Silver to Gold. The analogy that works for everything except priceratio. Litecoin is considered the Silver to Bitcoins Gold and it was created to make up for the shortcomings in Bitcoin. As BTC grew, Charlie Lee aka @satoshilite saw the shortcomings of Bitcoin. He Continue reading >>

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