Bitcoin Forum

I cannot possibly imagine an additional 3-4 TH of GPU's or fpga's have been started up in the past week or so.

It has always seemed weird to me that these hardware companies would not pre-mine before selling.

This community is willing to throw money at anyone for months in advance just to gain an edge.

This mentality falls right into someone who would want to take your capital and then use it against you.

Coupled with some recent big sell orders on Mt Gox, and it seems to me someone is unloading some coins.

Of course this could be some people with stashes unloading, but it seems to be an odd coincidence.

I'd say we have ASIC miners out there and they are taking advantage of the 50 BTC blocks before they're gone.

Seem odd to anyone that nearly ALL asic devices will be hitting the market AFTER the reward halving ?

This is fishy as hell to me.

AMD Radeon™ 7000 series GPUs - they are getting cheaper by the day.

/thread

i would have to agree to both of you :)

There's actually a thread that already talked about how unlikely this is. My recommendation is to read through it before posting the same conspiracy theories again. (https://bitcointalk.org/index.php?topic=115454.0)

If it was a GPU / FPGA farm, it was set up really in a jiffy. I would lean more towards ASIC beta testing (read. Earning Opportunity) ;)

I don,t think this would be ASICs.. maybe the last month of easy BTC or maybe the fact BTC becomes more in the open to more people learning about it becomes more and more in the publicity over the last past weeks.makes this a naturally rise of hashpower.. ;)

conspiracytheorie: BFL hangs there stock fpga minirigs@25gh x 75  on the net and in 4 weeks they run the fack off.. just kidding :o :o :o

If the price drops this is good to buy them it,s normal in an speculative market this all is a good sign..buy buy sell sell  :'(

http://blockchain.info/nl/charts/market-price

http://blockchain.info/nl/charts/hash-rate?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

I don't doubt in the slightest that someone has at least prototypes working. What company wouldn't have working devices minimum 2 months prior to shipping dates?

7 series gpus ?

No fucking way. It would take 1000 to create 700 GH.

So we'd be talking 5 thousand 7970's deployed in a matter of weeks.

Besides, how many idiots could really be starting GPU farms right now ?

FPGA sales are essentially halted, so that's impossible.

Most of the people here thought Pirate was OK, so I'm sorry but this forum has ZERO credibility.

This is not a conspiracy and I will be proven right if the truth is ever revealed.

Down the road someone will finally admit they were mining ASIC's during the past few weeks.

Funny how every time someone suggests that people in the bitcoin world just might be greedy fucks people here yell conspiracy.

Get your head out of the sand, bitcoin is full of scammers and greedy bastards. Just look at how much money was thrown at those assholes at BFL.

Almost six months ago this community threw hundreds of thousands at a company run by a felon.

Amazing how stupid computer geeks can actually be.

5K gpus? Sounds about right.

What's your problem?
Is it that the mining community collectively calls 'Bullshit' on BFLs efficiency claims?
Or that GPUs retain their resale value independently of the Bitcoin price?

In one way you are ranting about BFLs bad credibility on the other you are giving them enough of it to come up with a theory that they actually produced chips already and are using them. Get your facts straight!

How many are sold by AMD each week? How many gamers among these new 7 series owners do know that they can earn a bit of coin with these when they aren't gaming ?

Some farms or thousands of gamers, how do you spot the difference?

I'm not saying it's BFL at all, you drew that assumption. Although I don't believe for a second that they won't do it eventually if they make an ASIC.

I'm saying someone is doing it.

I doubt AMD sells 5000 GPU's a week and if they do, it's not even possible that all of them would be mining.

5000, HD7000's a week?

No, But 5000 HD7000's suddenly being turned on due to news or sudden realisation of "OMG MY COMPUTER CAN CREATE MONEY IF I HAVE AN AMD GPU?! OMG! I HAVE ONE!"

Graph goes up. Graph goes down. It's called "variance".

http://bitcoin.sipa.be/growth-10k.png

Nothing unusual. Yet.

Exactly. This is variance. There is no sign that 3-4 Thash/s have been added to the network.

Another graph:
http://bitcoin.sipa.be/speed-lin-10k.png

OMG THEY SWITCHED THEM ALL OFF AGAIN. (waits until next thread with the same subject comes up)

well, variance is a bitch  ;D

+1

You mean they started Boxing up their ASICS for shipment? Or they noticed something they need to fix or update and thus unplugged them to do some work?

psilan.. I think you might have won the week 4 contest for the mini single? I came up with number 1 when I plugged in the numbers anyways.

BFL have them for sure, they used to have a farm before going into the production business, the guy up the road repairs Arcade machines and has the skills to build this stuff.  ;)

http://bitcoinmagazine.net/wp-content/uploads/2012/10/1-IMG_1562-602x537.jpg

Yes,

SURE.

It's starting to get cold, maybe some GPU owners are starting up their rigs again for heat...

Another thread to reveal the idiots. Most posters here lack understanding of one of the basic concepts of bitcoin mining, random variance.

Kids going back to uni. Free elect. Word gets around... That can add up too.
Can you say beer and weed money?

According to their business plans and published statements? None of them are running final gear right now, and none of them are using it to mine on MainNet (nor will they)

They are all working with prototypes and simulations with just-in-time manufacturing for initial batches. Watch the updates in the BFL and bASIC threads and you can see things moving, but stuff gets in from China, gets flashed and tested, and goes right out the door with Tom. BFL is likely in the same boat.

Maybe they have had a prototype or 2 running, but they are using testnet-in-a-box, so we won't see the hashes even if they do. Until they have final hardware there is not much point to running a prototype board continuously, especially if there are material differences in components between the two.


My favorite explanation if there IS a surge, I mean Duuuuuuude! You tell a few million Uni students about this (with an ear back to mommy that a new video card is needed for the computational mathematics class they are taking) and you are going to have 1000+ new miners easy. Same for FPGA (yeah, I really need the Vertex 7 Board!) ASIC might be a bit harder sell ;)

+1

Nothing unsusual yet.. watch out 1 month after ASIC are being shipped, those past weeks variation would look like a pixel in those graphics :)

http://bitcoin.sipa.be/speed.png (http://bitcoin.sipa.be/speed.png)

my 2 satoshi

and bingo was his name-o.

Graph goes up, Graph goes down.
Just like the sun!

"You can't explain that" -- Bill O'Reilly

 :P

Bill stole that from the Who and modified it...he's a hack! :D

checks network daily growth rate...0.5%

meh

wake me up when the show starts

Hey man, if all you need is a picture, please check out my ASIC I'm building. I repair slot machines so I'll have this ready to ship next week.

http://i49.tinypic.com/2aha9w0.png

It may look like BFL's but we found TWO major enhancements check the image for details.

What is that...a butterfly with a bowler hat? 8)

It seems like OP doesnt want to talk anymore

I thought I'd look at the numbers - AMD had a net revenue of $342M in their last quarter from their graphics division.  That's $26.3M a week.  If we estimate that 10% of sales is 7-series, so 7850, 7870, 7950 and 7970, that's $2.63M sold at an average price of $300, then that's about 8766 cards sold a week.  Average hash rate of 400MH, gives you 3.5TH.

Let's say it rose by 4 TH over 5 weeks, so 17.5TH sold, we're looking at more than 1 in 5 sold becomes a miner.

Possible, but not probable.  And I agree with that last quoted sentence, now would not be a good time to start mining.

Botnets taking advantage of amd owned pcs?

+1 to that and some casual 7-series newbies just giving it a try ;)

If you make this kind of hardware you have to test test test... so in this few months when developing asics there is probably money flying into the company wallet.dat. Their products are not finished but I believe they can already mine, right?

And please don't judge them for that... I would do the same... Hardware must be tested in a real world... :)

FFS, this is DEAD, DEAD, DEAD. For over a MONTH, MONTH, MONTH.

There is a thing called "Testnet in a Box.

This is what is being used for testing by every ASIC company according to their public statements. (Except Avalon because he is building his own test rig)

No ASIC companies are mining on the main BitCoin network.

You should be quarantined to the newbie area for not doing a search and seeing the multiple threads that have speculated on this fact and put it to bed. HARD.

Unless you have any new information on this (including pictures or a known ASIC manufacturer employee admitting in public that they will test on mainnet), go troll elsewhere please.

Mods, please close this troll thread.

Hello.
Gamer with an OC'd 7970 GHz running aprox. 18-20 (Sometimes 24) hours/day while at school and asleep at 715MHash/s.
Made almost $30 in about a week, and I already have the hardware.
Too bad Steam doesn't accept BTC yet. x3

This is a valid theory, due to AMD lowering the price of the 7970 by a couple hundred bucks.