Bitcoin Forum

I've just read that Bitmain started to disclose it's hashrate. Here's the link: https://blog.bitmain.com/en/hashrate-disclosure/
What left me suprised was bitcoin hashrate, where they have 1692.05 PH/s... that's like 120000 of S9!! Just crazy. I wonder if those are new tech or old S9s.

smoke and mirrors, tripple those numbers and maybe its acurate.

what about thier cryptonite hashrate , blake and equhash

   SHA256              ETHASH             SCRYPT
1692.05 PH/s    339.69 GH/s    44.19 GH/s

Their ethash hashrate is a lie, they have 100 times more than that.

Those are my hashrates not theirs.

lol , I don’t know who they think they are fooling, they’ve been playing the mining community for fools so long
they can’t even post half sensible stats

I think they have 1000 times more than that in ethash because there is no other way or reason to explain the boom in the spike of difficulty of that algorithm out of nowhere a few weeks ago. It is a known thing that they only are destroying small home miners and are looking only to make profit for themselves.

Don't forget about the Innosilicon miners.

like this ?

https://eth.sparkpool.com/#/miner?0x002cc1b01acaae2ba61637a8f559e87196a6256f

My guess is that a lot of Zcash miners made the switch to Ethash. Still they have a higher number then they say ( Bitmain that is )

https://blog.bitmain.com/en/transparency-policy-shipping-mining-practices/

Well, they are trying to do an IPO. False information now does have a little different flavor...if they actually do the IPO.

I don't think those numbers are a lie.

Since they are trying to go public they need to have accurate and proven book keeping and that includes how much hash power they are mining with.

My guess is they most likely sold off their ETH gear instead of posting huge hash power not to scare off a potential POW change which the ETH foundation might be forced to do.

My favorite part is where they bemoan that they have been unfairly accused of "secret mining".

Wait a minute, they are not mining Equihash with all the big Z9s? Someone needs a business lesson at Bitmain.

yeah lok , I guess they sold them all .... lol ok

Of course they will say they have only few miners, the others are hidden from the spreadsheet hehe and I bet, bitmain want you to think that from those 339ghs all are e3 hehe, the truth is bitmain sold all their e3, the f3 and g3 are hidden. They have kept the e3 as long as they can mining, right now they are using the f3 and g3.

All F3 1.5ghs are hidden, so if we take their numbers we can see they have 226 f3 mining eth which is a lie cause right now they must have at least 20 thousands f3 mining eth which by my count gives around 30ths and that alone is 15% of total ethash network hashrate, maybe they even might have few g3 already gddr6, each doing 25ghs 1200 watts hehe

As they know eth devs dont give a crap about it and as they already know the loophole then is pretty easy to increase hashrates by xx times by creating news ones with powerful memory clusters like gddr6, welcome g3 hehe.

30 percent of the total hashrate? i can see that , then throw in innosilicon and fpgas now you see 50 percent of the entire eth hashrate is asic owns.

This corresponds with tbe huge hashrate apikes this time last year when we went from 120th to 190th then 230 th and now the steasy climb to 300th. .  All this while gpus were scarce

There have been lots of suggestions to make truly ASIC resistant algos but imagine if crypto went back to good old GPU only mining. How wonderful would it be to have a truly decentralized network where mining profit is distributed to the masses instead of a few large mining companies.

Makes it almost seem like GPU mining is communism and ASICs are capitalism. Sadly, capitalism wins in the end.

lol yeah , thats a good analogy , the soviet system was too big and far to courupt, look at the chinese they made communism work, with some nice modifications such as. allowing people to keep thier money etc.

Id like to think us the crypto masses can adapt better than cuba and the ussr did, crypto is in our hands really, if the masses stopped buying asics it would change alot since they would have to takw on far more risk rather than the current have your cake and eat. it philosophy they run under now.

if we boycotted coins that are asic prone etc, but the little man is greedy too , everyone wants to make money
so they take advantage of that greed

100% they hide power, it's natural to breathe.

in fact, in 2014 Vertcoin was born just for "truly decentralized network where mining profit is distributed to the masses instead of a few large mining companies"

https://old.reddit.com/r/vertcoin/comments/93cxuf/how_wonderful_would_it_be_to_have_a_truly/

Metroid you have seen that f3 and g3 asics right? Some pics or more informations? No?

I don´t now why people say that the eth hashrate spikes unnormal, but in my opinion they rise normal. GPU´s are cheap and enough in stock, new GPU´s are faster than old one´s. So don´t make panic.

https://etherscan.io/chart/hashrate

And this is also the reason why the eth devs don´t fork asic resistent, it is not necessary, because the asics are to slow at the moment to centralise the eth network.

LoL.
Less than a month ago that was, wasn't it?
Look who's fukking about now. I bet the Chinese government is all over them now and this is only the beginning. Corruption of officials will blow up at some point! :D

What kind of question is that? Did you see pics of the E3, or informations, before it was announced to the public?


Because they aren't, no sane amount of GPUs will account for that spike, no sane investor able to afford that many GPUs will buy them, with ASICs coming out right and left, especially when there are *no new GPUs* right now, where are you pulling that from anyway?


**A** dev refused to fork, everybody knows who, the others merely complied, everybody knows how it all went down.