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Title: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: GenTarkin on March 25, 2015, 04:46:08 PM Seriously the blocks have been flying since diff change, 10-12% increase projected & nonstop?! This isnt just variance, its outright slaughter.
I thought AM was fucking halted for the time being Bitmain hasnt been doing anything or planned anything that I know of lately spondoolies is sitting around twiddling there dicks What 33PH just randomly came online?! Im pissed & very confused lol! I cant wait till sub $100 btc prices so all these megamines fucking go out of business. Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: notlist3d on March 25, 2015, 05:19:25 PM The only hardware we know is a batch of S5's. But they shipped now.
So whoever it is I don't believe has made a announcement. There is lot's of speculation but no real info yet. Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: jmumich on March 25, 2015, 05:20:26 PM Seriously the blocks have been flying since diff change, 10-12% increase projected & nonstop?! This isnt just variance, its outright slaughter. I thought AM was fucking halted for the time being Bitmain hasnt been doing anything or planned anything that I know of lately spondoolies is sitting around twiddling there dicks What 33PH just randomly came online?! Im pissed & very confused lol! I cant wait till sub $100 btc prices so all these megamines fucking go out of business. Bitmain started shipping Batch 5 this week. That could be part of it. Antpool and Slush have also been extraordinarily lucky compared to their reported hashrate. The hashrate numbers you're referring to likely are derived from the number of blocks solved over a certain period of time - that doesn't mean the hashrate actually increased, it could be luck. For example, look at the spike in hashrate from March 10-12 on the following chart - the network wasn't 400 Ph/s then, and it probably isn't now. But unlike then, there is almost certainly some increase coming from Bitmain's shipments. http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: GenTarkin on March 25, 2015, 05:23:13 PM Bitmain is shipping upwards of 30PH per fucking BATCH?!?!?!?!?!?!? thats madness...
jmumich I get what ur saying about variability, I realize that could be a factor, but this has been sustained since diff increase, which is really rare for variability =P Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: jmumich on March 25, 2015, 05:28:53 PM Seriously the blocks have been flying since diff change, 10-12% increase projected & nonstop?! This isnt just variance, its outright slaughter. I thought AM was fucking halted for the time being Bitmain hasnt been doing anything or planned anything that I know of lately spondoolies is sitting around twiddling there dicks What 33PH just randomly came online?! Im pissed & very confused lol! I cant wait till sub $100 btc prices so all these megamines fucking go out of business. Bitmain started shipping Batch 5 this week. That could be part of it. Antpool and Slush have also been extraordinarily lucky compared to their reported hashrate. The hashrate numbers you're referring to likely are derived from the number of blocks solved over a certain period of time - that doesn't mean the hashrate actually increased, it could be luck. For example, look at the spike in hashrate from March 10-12 on the following chart - the network wasn't 400 Ph/s then, and it probably isn't now. But unlike then, there is almost certainly some increase coming from Bitmain's shipments. http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart It should be easy to estimate at least somewhat how much is due to luck. Antpool reports its hashrate, so it is fairly easy to calculate how many blocks it should have solved and compare it to how many it actually solved. For this difficulty period, we've solved 45 blocks more than would be expected if hashrate were stable. (See https://docs.google.com/spreadsheets/d/1qmF2knc5rSrJLESgQJYBz8mPzpKihmSzPPQUGH7pT8g/edit#gid=561061211) I don't have time to run the numbers now, but I'd be surprised if less than half of those extra blocks were due to luck from Antpool and Slush alone. bw.com has been lucky as well, and from what I can tell no major pool has been unlucky. f2pool stopped reporting their hashrate (or I can't find it), but they're solving blocks at about the rate they were before. Edit: That said, the luck happened, and it would take an equal amount of bad luck to reverse it, which obviously isn't guaranteed. That's why right now it looks like the increase will be 7-8%, but the round is early so the confidence in that prediction isn't that high. Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: GenTarkin on March 25, 2015, 05:37:18 PM Thanks for the insight =) I hope ur right! =)
Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: Puppet on March 26, 2015, 10:26:18 AM Bitfury's 28nm chips where initially supposed to hit around new year. They where delayed by a few months, and thats probably what you are seeing now. If true, brace yourselves.
Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: adaseb on March 26, 2015, 11:29:07 AM So if the hashrate increased by 33Ph/s that means that Bitmain must of sold 30,000 of those S5 miners?
I don't think they produced that many units. Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: davecoin on March 26, 2015, 04:09:31 PM Correct, I would assume only 5 ph from Bitmain.
Upgrading all of their S2 units (assuming they have 4000 units) is less than a petahash. Sales from S5 for hosting (assuming 2000 units) is going to 2.3 ph. Retail and bulk sales probably don't add up to 1600 units, (June batch reservation qty), which is only 1.85 ph. Possibilities: Bitfury opened a new datacenter 21, inc is burning in new gear before launching retail sales next month Sfards is already mining and wanted to gauge market demand with an announcement on bitcointalk tinfoil hat: BE300 and friedcat are alive somewhere :P Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: notlist3d on March 26, 2015, 04:35:20 PM Correct, I would assume only 5 ph from Bitmain. Upgrading all of their S2 units (assuming they have 4000 units) is less than a petahash. Sales from S5 for hosting (assuming 2000 units) is going to 2.3 ph. Retail and bulk sales probably don't add up to 1600 units, (June batch reservation qty), which is only 1.85 ph. Possibilities: Bitfury opened a new datacenter 21, inc is burning in new gear before launching retail sales next month Sfards is already mining and wanted to gauge market demand with an announcement on bitcointalk tinfoil hat: BE300 and friedcat are alive somewhere :P I am hoping no one has new chip yet. I would like a few more months before it. Either way I guess who ever it is has been quite. Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: johnyj on March 26, 2015, 06:14:37 PM Bitfury or knc. When they dominate the efficiency war, they will be able to sell the hash rate by cloud based service
Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: desertfox470 on March 26, 2015, 06:57:10 PM I don't think that it is one farm, or all bitmain. I can't imagine 33ph being produced and sold.
Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: philipma1957 on March 26, 2015, 08:28:16 PM I don't think that it is one farm, or all bitmain. I can't imagine 33ph being produced and sold. 10th units using about 2400 watts. would mean 100 of them = 1 ph 3300 of them = 33 ph not impossible or even very hard to think bitfury did this, their older gear was 6th and 4000 watts IIRC If they are smart they turned it all off with 1 day left on last diff adjustment we tanked last time. say 10 ph vanished. They now put the 33ph in new gear up. Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: Minerjoe on March 26, 2015, 09:28:58 PM I also keep telling myself that the diff cant jump that much as it used to before due to enormous base we have. However, I keep getting surprised how much of new hash can be turned on every two weeks. I really hope this is due to luck.
Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: zombie007 on March 27, 2015, 07:45:50 AM Wow DAT 49,160,394,362 (+5.23%) diff change in 1 day.
Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: adaseb on March 27, 2015, 07:48:16 AM Quote 349450 (Main Chain) 2015-03-27 05:56:14 AntPool 00000000000000000c37db6c35bc709e17911b65a2ea78a7ba2ef305a4706afa 349449 (Main Chain) 2015-03-27 05:55:11 BW.COM 0000000000000000147a01de38ddcb804387786be124f7153a40fb73d5fc0cdc 349448 (Main Chain) 2015-03-27 05:48:05 BW.COM 00000000000000000ffb73bda2d8c749263a6a8568ada783bd43a83d709b080a 349447 (Main Chain) 2015-03-27 05:47:34 AntPool 00000000000000000467ed3a1aea73fbbde4e9af2ed09e1d56a83047239e7e5e 349446 (Main Chain) 2015-03-27 05:41:57 AntPool 00000000000000000f7efa4fd6b4342ff07b0f652d262f09f62f3fb6df06dca6 349445 (Main Chain) 2015-03-27 05:36:51 BTC Guild 000000000000000008000267976e5664ace5bd8ff934149cde06d18e851c0330 349444 (Main Chain) 2015-03-27 05:34:07 F2Pool 0000000000000000139bc6ff6513b658e055eac090951378f31555a7cb72fa7a 349443 (Main Chain) 2015-03-27 05:27:29 F2Pool 000000000000000000a02fc219f20169f605c58bc55faadd5fcb5aab0094f3e9 349442 (Main Chain) 2015-03-27 05:36:53 46.254.252.25 00000000000000000e35532548e48e95a50a4ee954be57f45a9479f4e378cd77 349441 (Main Chain) 2015-03-27 05:21:14 Eligius 0000000000000000083d176dd48e0eea81eac98bb30e611c02a8098e6bc2e467 349440 (Main Chain) 2015-03-27 05:11:50 78.157.205.6 000000000000000006405db60966ade6f9877b8c4876e036390951e7ec852c37 349439 (Main Chain) 2015-03-27 05:13:51 MegaBigPower 000000000000000010c946d4b70d61073881a1527090f9caa2015ff8986ad63a 349438 (Main Chain) 2015-03-27 05:09:14 AntPool 0000000000000000101e56ad7f357f1c0abcc102926fe4bae35cef8b5d1ad918 349437 (Main Chain) 2015-03-27 05:00:51 KnCMiner 000000000000000011d96a5aca2fe4b832f6c8379e1163d127f31fb22c234416 Like I posted in the other thread. There are 14 solved blocks here when there should of been 6. Mining is finished.... Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: RoadStress on March 27, 2015, 07:52:17 AM Im pissed & very confused lol! I cant wait till sub $100 btc prices so all these megamines fucking go out of business. I don't get you. You are pissed because the Bitcoin network is increasing its security at the cost of your profitability. But with no security your profitability would be 0 or negative. Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: sidehack on March 27, 2015, 01:37:38 PM The network is increasing its security at the risk of everyone's profitability. When only a few entities can afford to mine, they can easily form a cartel and we now have a central banking system for Bitcoin just like there really isn't supposed to be. Why 51% attack when you can just 100% attack?
Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: EMIF on March 27, 2015, 02:53:21 PM The network is increasing its security at the risk of everyone's profitability. When only a few entities can afford to mine, they can easily form a cartel and we now have a central banking system for Bitcoin just like there really isn't supposed to be. Why 51% attack when you can just 100% attack? They wont profit either. What is the purpose of 51% attack or (100%) if you lose all your investment. If you want to make an experiment or just hate some dev of altcoin; then there is a purpose making 51% attack to altcoin for you. Otherwise , its not meaningful except youre VISA or MASTERCARD Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: GenTarkin on March 27, 2015, 05:19:19 PM Seriously the blocks have been flying since diff change, 10-12% increase projected & nonstop?! This isnt just variance, its outright slaughter. I thought AM was fucking halted for the time being Bitmain hasnt been doing anything or planned anything that I know of lately spondoolies is sitting around twiddling there dicks What 33PH just randomly came online?! Im pissed & very confused lol! I cant wait till sub $100 btc prices so all these megamines fucking go out of business. Thats dumb, even for a noob let alone a Legendary. Are you this stupid for thinking mega miners are killing bitcoins? Also what makes you think someone must announce anything if they increase their mining capacity? For all we know, someone completely got new miners developed in house, no public sale no BS. This is exactly what bitcoin network is about. Shame for your so called Legendary title. Yes megamines are killing bitcoin's price at least, cuz all they do is dump dump dump, putting insane downward pressure on the price. Megamines are in it for sheer profitability not the healthiness of the network. They dont give a fuck, they just want their fiat wealth, some of them become cloud services then run away w/ hardware backing that cloud service then rip off all their investors *points at AM* The BTC community has become one of the least trustworthy communities Ive ever seen in my life, theres nothing but scum around these parts. Even the highly trusted AM has proven noone should be trusted when it comes to BTC. The majority of my 'legendary' status comes from good ol GPU mining days, the way it should fucking be. Not this twisted generation of suppliers & miners who are out to just backstab each other. Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: GenTarkin on March 27, 2015, 05:25:02 PM Im pissed & very confused lol! I cant wait till sub $100 btc prices so all these megamines fucking go out of business. I don't get you. You are pissed because the Bitcoin network is increasing its security at the cost of your profitability. But with no security your profitability would be 0 or negative. Increasing security?!?!? are you that ignorant? A single entity could easily put in an order for all the new hashrate coming online and because all the ASIC suppliers dont give 2 shits about the health of BTC, of course they would sell to that entity. So, its just more opportunity for a agency / government to swoop in and build up over 50% network hashrate then easily attack it, undermining bitcoin. It can happen at any fucking diff.... The only security or 'trustless' state that bitcoin will ever achieve is when the chance of a 51% attack is nil or never even possible. Till then u still have to trust the people involved in bitcoin, its not so 'trustless' like everyone touts. But everyone just ignores that fact and pretends its not an issue... its a GIGANTIC issue that needs to be resolved before Bitcoin can ever become 'mainstream' Anyways, yeah tangents I know but....fuck this community needs to wake the fuck up. Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: RoadStress on March 27, 2015, 08:00:18 PM Increasing security?!?!? are you that ignorant? A single entity could easily put in an order for all the new hashrate coming online and because all the ASIC suppliers dont give 2 shits about the health of BTC, of course they would sell to that entity. So, its just more opportunity for a agency / government to swoop in and build up over 50% network hashrate then easily attack it, undermining bitcoin. It can happen at any fucking diff.... A single entity owning a lot of the total hashrate isn't necessarily a bad thing. Don't get me wrong. I am pro decentralization, but why would a single entity invest millions of dollars into something just to be a bad player and to make everyone lose faith which would result in a total loss for the entity. An agency / government can still do it no matter how centralized is the network. A 100M$ operation is still feasible for some agencies / governments so we can decentralize the shit out of the hashing power because there are some entities with endless cash reserves which can cause some troubles if they really want it. Having 3 USB sticks plugged in will not stop them while a bigger hashrate can make it really hard for them to cause havoc. Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: philipma1957 on March 27, 2015, 09:16:20 PM The network is increasing its security at the risk of everyone's profitability. When only a few entities can afford to mine, they can easily form a cartel and we now have a central banking system for Bitcoin just like there really isn't supposed to be. Why 51% attack when you can just 100% attack? yeah the big boys may fail to see why that 10 to 20% little guys for grease is needed to make the network last. if so they will cook the only goose that is laying the golden eggs. no need to squeeze the small guy out and it really kills the network's safety big time. @ road stress 4 players with 20% each is fine as long at the other 20% is dozens of middle to small pools filled with many miners. 5 players with 20% each will not work. just too tempting for 3 to attack the other 2. Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: Biodom on March 27, 2015, 09:20:12 PM The network is increasing its security at the risk of everyone's profitability. When only a few entities can afford to mine, they can easily form a cartel and we now have a central banking system for Bitcoin just like there really isn't supposed to be. Why 51% attack when you can just 100% attack? yeah the big boys may fail to see why that 10 to 20% little guys for grease is needed to make the network last. if so they will cook the only goose that is laying the golden eggs. no need to squeeze the small guy out and it really kills the network's safety big time. my thoughts exactly, so I canceled my long post. Same in other parts of the economy. hey, if home mining will become untenable, maybe we should just purchase nodes like the one below (especially if they drop the price to $50-99). http://www.coindesk.com/first-plug-in-node-aims-to-boost-bitcoins-network-security/ Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: alh on March 30, 2015, 04:42:11 PM The network is increasing its security at the risk of everyone's profitability. When only a few entities can afford to mine, they can easily form a cartel and we now have a central banking system for Bitcoin just like there really isn't supposed to be. Why 51% attack when you can just 100% attack? yeah the big boys may fail to see why that 10 to 20% little guys for grease is needed to make the network last. if so they will cook the only goose that is laying the golden eggs. no need to squeeze the small guy out and it really kills the network's safety big time. my thoughts exactly, so I canceled my long post. Same in other parts of the economy. hey, if home mining will become untenable, maybe we should just purchase nodes like the one below (especially if they drop the price to $50-99). http://www.coindesk.com/first-plug-in-node-aims-to-boost-bitcoins-network-security/ While I am sure it isn't a Raspberry Pi, this device looks like it might be one of the "Pi clones", with the software already present. Maybe somebody else will recognize the port layout and such. If I was going to just burn a low amount of electricity, I might do it on a distributed computing project (e.g. Seti@Home). Title: Re: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! Post by: Minerjoe on March 31, 2015, 05:21:29 AM My guess is that it is either The Winklevoss Twins and/or Sir Richard Branson Sir Richard has quietly sized control of the Bitcoin Foundation. This story was scrubbed from the Internet but it has been archived. https://web.archive.org/web/20141107172316/https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/ Go long on BTC. I think the idea of 'Mine it at a loss today and make a killing tomorrow' has gone mainstream. Just drop the notion of its value in fiat. It is irrelevant to play this game successfully. Mine and buy and hold. The ticker symbol will be changing to XBT and 1 million XBT = 1 BTC. They have hinted that only allowing two places of decimals will be as far as XBT can be expressed. So will that yield a higher value? It is in the best interests of these mainstream forces/players to shake the weak hands out of bitcoin so I expect to see the price drop further. This may be the beginning. http://www.bloomberg.com/news/videos/b/fb6301cc-dc8b-4810-8293-19fe2c700e41 https://www.google.ca/#q=sir+richard+branson+bitcoin http://libertyupward.com/wp-content/uploads/2015/02/Richard-Branson-On-Bitcoin-e1423168265217.jpg http://calvinayre.com/wp-content/uploads/2013/07/winklevoss-twins-file-bitcoin-trust-with-the-sec.jpg archived the archive https://web.archive.org/web/20141107172316/https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/ That s a pretty big gamble you propose. Listening to the market is very important IMHO and curretnly things are going much slower then they should. That fund was supposed to be public already, I have no info about its ETA. |
