Bitcoin Forum

Really?!?!

 8 Thash one day then 10 the next, now 14+ and climbing wth ?  Here comes the difficulty hammer and its going to hurt.

That's some serious hash power that came online.  it was under 10 Thash last time I looked.  Blocks are coming at the rate of 13.5 an hour.

That's really strange. The 7 day average is between 7 and 10 thash/s.

Who has a mining cluster worth 3,000 ghash/s or nearly the entire size of deepbit (the largest pool in all of bitcoin mining)
Why did it only come online in the last 12 hours, instantly?

Is this one of those bumps caused by a difficulty increase?

I just noticed this too.  Look at this screenshot:

https://i.imgur.com/gkE37.png

Thats 18 blocks in the past hour by my count. What the heck is going on?

I made this thread in Discussion some minutes before this, unfortunately it didn't take off, but I agree .. wtf is going on?

well, 6 of these are from btcguild at 2.3Thash/s, so they were very lucky.

almost 15Thash now...

Yeah, variance is variance, and luck is luck --

But I've NEVER seen the figures show 14 Thash/s.

There HAS to be some more power coming online --

i know what WILL happen:

difficulty will increase at a rapid pace, far outweighing what BTC's trade for. people will be in the red when the electric bill comes in, and decide to sell off the hardware.

then:
a) miners will buy the hardware and put it back online. causing the big fish to eat all the little ones.
b) people will ignore the hardware sales due to the decreased profits, difficulty will slow, mining will be "profitable", allowing more little guys to join with a meager investment with long-term return.

if we do not see large jumps in BTC value in the next couple of months, mining will be a rather risky investment for anyone but only the most powerful operations.

Maybe it is just randomness, time will tell.  That is some odd clustering of times the blocks were found, 6 in 6 minutes, a dry spell of 15 minutes then 7 in one 10 minute interval.  Never a dull moment in bitcoinland.

wtf is this rubbish? http://www.youtube.com/watch?v=eNcOcan1B2c anyone know? supposed miner hack...

haha I was in those rounds with btcguild was fun ;)

Cleared 5blocks <60mins :D

That was me i decided to run my nintendo 64 using the miner software and it solved 20 blocks in a microsecond.. but I'm shutting it down now so nothing to worry about guys.. PS buy my mining rigs!! still got 8 left!

LMAO - that is like stating you can travel faster than the speed of light simply because you cracked it with some dodgy exe o_0

Anyhow, its definitely a wallet stealer or trojan to boot.

yah dont be downloading that anyone... it cant be good just was lulz

This is when mining is fun :D


#   Block Link   Date/Time   Duration   Shares   Validity   

904 132450   2011-06-22 01:54:08   0:01:23   37654   114 until confirmed
903 132449   2011-06-22 01:52:45   0:17:11   555853   113 until confirmed
902 132447   2011-06-22 01:35:34   0:12:32   394749   111 until confirmed
901 132442   2011-06-22 01:23:02   0:16:27   513937   106 until confirmed
900 132436   2011-06-22 01:06:35   0:02:52   88316   100 until confirmed
899 132435   2011-06-22 01:03:43   0:10:38   340390   99 until confirmed

maybe its the government bringing miners online so they can >50% attack BTC.

don your hats.

you just KNOW it's legit when it says 100% totally legit!!!1 in the ad lol...
I could imagine going to a bank with a sign saying THIS IS A LEGIT BANK!!! and thinking ... umm...


now relating to the thread.. I believe we just witnessed what was known as a 'test run' gentleman...

132457    2011-06-22 02:24:23    0:00:20    3993    118 until confirmed    None

damn. no shares.

Im running at about 2.4ghash/s right now and only got 3 shares in on that block. like 3.7 bitcents.

that sounds just about average for that speed. now a couple more shares and you would have been
looking good!

I am running at about 3.1,  got .09+  :)

906
   132457    2011-06-22 02:24:23    0:00:20    3993    95 until confirmed    8   0.09967442   0.00050088    
View

Yeah, BTCGuild got very lucky. But we were coming from a very unlucky rally, so its only fair.

I was wondering why my btcguild 24-hour numbers was so high when I last looked also.

913   132489    2011-06-22 05:37:01    0:00:21    7419       Confirmed    19
906   132457    2011-06-22 02:24:23    0:00:20    3993       Confirmed    23   

I got almost .3 for that one too.   ;D ;D ;D

Luck doesn't work like that. :P

913 132489   2011-06-22 05:37:01   0:00:21   7419   Confirmed   1
yes I was Lucky I got my 1 share in :).

BTCguild have had a good run this last 24 hrs

Is someone bringing the ASIC Hammer down?

i think Chuck Norris just found his old Amiga in the roof...

[tinfoilhat]perhaps someone found out about bitcoin and started his botarmy[/tinfoilhat]

Better explaination: Bitcoin is getting popular. At an extreme rate.

Google search for "bitcoin":
http://www.google.de/trends/viz?q=bitcoin&date=2011&geo=all&graph=weekly_img&sort=0&sa=N

Well, I play the stock market, and so monitor the activities of companies like NetApp [NTAP] and Rackspace Hosting [RAX].  Several of these companies are currently selling massive amounts of new server farm hardware, mostly to other companies that want to be in the cloud computing market.  Since CPU miners use 95% to 100% of CPU cycles at a low priority, and will still allow other software to run without much difficulty, a CPU miner app is ideal for testing & burn-in of newly installed cloud servers.  If I were on the installation crew, and there was no rule against it, I would run every newly assembled rack for 24-48 hours as a CPU miner.  If I could get permission, I would even schedule entire rooms of servers to be run for 24-48 hours in order to verify power use and cooling resources.  Some server farms are large.  Imagine a warehouse full of racks, all packed with blade server boxes.   If I could control one of the Google or Amazon facilities for a week, then I would likely never need work again. ("Lobster or steak?  Or both?  Yes, I think we'll have both.") 

One never knows when a crappy service job might just turn into a million dollar opportunity. 

- TFeagle

 

this is just fodder for the fact that bitcoins will be very valuable... at some point.

CIA is helping out with their computational power of about 4000 Ghashs/s.
It's just about 25% of the calculationspeed they could spend.
And all Americans pay for the electricity costs. h3h3.
Btw. They've caused the incident on Mt.Gox, too.

cul8er.

Maybe it's a joke. Maybe!

bitcoin is good for AMD and those who sell electricity.

glad i didnt turn on my miner today, running at a mesaly 17 mh/s, i would have defintally lost money

actually just the opposite.

Anyway, please stop these freak out threads. Hash rate "dropped" down to 11THash agan, or a better explanation, it was never much hgher to begin with.