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Title: Just how large is bitfury because as of the last 24hrs.... Post by: GenTarkin on July 07, 2015, 12:00:44 AM They are the single largest entity mining. So much for btc's decentralized future.
FUCK YOU BITFURY! Are they at like 90PH or something? Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: philipma1957 on July 07, 2015, 12:10:53 AM They are the single largest entity mining. So much for btc's decentralized future. FUCK YOU BITFURY! Are they at like 90PH or something? link please show me the link Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: xstr8guy on July 07, 2015, 12:11:24 AM They are the single largest entity mining. So much for btc's decentralized future. FUCK YOU BITFURY! Are they at like 90PH or something? Hmmm, must be those new, super-efficient chips that no one believed would come fruition. Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: xstr8guy on July 07, 2015, 12:12:44 AM They are the single largest entity mining. So much for btc's decentralized future. FUCK YOU BITFURY! Are they at like 90PH or something? link please show me the link https://blockchain.info/pools Currently 17% of the network. Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: philipma1957 on July 07, 2015, 12:25:47 AM well we made 176 blocks yesterday. so i guess they made 30 blocks.
Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: GenTarkin on July 07, 2015, 12:25:54 AM https://blockchain.info/pools?timespan=24hrs
This is the last 24hrs!!!! Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: philipma1957 on July 07, 2015, 12:36:00 AM https://blockchain.info/pools?timespan=24hrs This is the last 24hrs!!!! yeah I saw that 19% is a lot. Big move on their part. I wonder how this shakes out. we are closing in on the ½ ing from 25 to 12.5 btc a block. down to 35 weeks or so. If the bitfury chip does not well under .3 watts at the wall in big machines they need to be careful that they have not over-expanded. Now if the gear is under .2 watts at the wall and no one can match it they should be good to go. Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: GenTarkin on July 07, 2015, 12:41:18 AM https://blockchain.info/pools?timespan=24hrs This is the last 24hrs!!!! yeah I saw that 19% is a lot. Big move on their part. I wonder how this shakes out. we are closing in on the ½ ing from 25 to 12.5 btc a block. down to 35 weeks or so. If the bitfury chip does not well under .3 watts at the wall in big machines they need to be careful that they have not over-expanded. Now if the gear is under .2 watts at the wall and no one can match it they should be good to go. Those greedy fucks, I assume noone can even buy their equipment publicly? They are just self mining bastards right?! Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: jimmothy on July 07, 2015, 03:04:08 AM Those greedy fucks, I assume noone can even buy their equipment publicly? They are just self mining bastards right?! http://bitfury.com/products They only sell B2B which is really the way to go. Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: alh on July 07, 2015, 06:24:13 AM I personally think that 24 hours is just too short an interval to consider to determine if BitFury is "on fire". You click on the "4-Day view", and Bitfury shrinks down from 21 to 17% of the network.
Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: Amph on July 07, 2015, 06:25:04 AM i can still see antpool above them, so they are not that large
obviously those chinese pool are scary they keep growing at high speed, but they are intelligent enough(i would hope) to not reach a dangerous % i don't believe that they are sitting on new chip with better efficiency, they are just adding new miners in bulk Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: TheRealSteve on July 07, 2015, 09:34:02 AM i can still see antpool above them, so they are not that large Antpool is also a significant chunk of third party miners, not just their own farms. There's quite a few threads around from people leaving BTC Guild due to shutdown going to Antpool, people who don't understand variance (or prefer more stable, albeit smaller, payouts) leaving other small pools for Antpool.obviously those chinese pool are scary they keep growing at high speed F2Pool has been seeing a bit of a decline, but the only one really 'growing at a high speed' at this time is BitFury:https://i.imgur.com/wFuq7Zht.png (https://i.imgur.com/wFuq7Zh.png)https://i.imgur.com/x9cvcoFt.png (https://i.imgur.com/x9cvcoF.png)https://i.imgur.com/VP6GDopt.png (https://i.imgur.com/VP6GDop.png) , but they are intelligent enough(i would hope) to not reach a dangerous % Together they already have a 'dangerous %', see also the recent snafu resulting from glitches they shared :) Individually, presuming there'd be a market panic, I guess they could increase fees (short term win for them) and wait for miners to shift over to other pools, but that hasn't always been to great effect in the past. There were fears Ghash.io was reaching 51% in the past.. the first time people were discouraged from using, and some left... but most (and a good chunk of this was BitFury) stayed, and eventually people came back. The second time around BitFury ended up leaving, and then more people left until it was almost completely marginalized.https://i.imgur.com/cOdIFHit.png (https://i.imgur.com/cOdIFHi.png) Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: Amph on July 07, 2015, 10:28:14 AM , but they are intelligent enough(i would hope) to not reach a dangerous % Together they already have a 'dangerous %', see also the recent snafu resulting from glitches they shared :) Individually, presuming there'd be a market panic, I guess they could increase fees (short term win for them) and wait for miners to shift over to other pools, but that hasn't always been to great effect in the past. There were fears Ghash.io was reaching 51% in the past.. the first time people were discouraged from using, and some left... but most (and a good chunk of this was BitFury) stayed, and eventually people came back. The second time around BitFury ended up leaving, and then more people left until it was almost completely marginalized.https://i.imgur.com/cOdIFHit.png (https://i.imgur.com/cOdIFHi.png) yeah i remember about ghash, they were not that stupid to take advantage of their huge controlling of the network, we have honest miners apparently, or maybe they did calculate that it wasn't worth it to perform the infamous attack Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: TheRealSteve on July 07, 2015, 11:36:18 AM yeah i remember about ghash, they were not that stupid to take advantage of their huge controlling of the network There was some incident about them possibly facilitating a double spend attack - but I don't know the details and a cursory glance at google results yields mostly rumors. I think there was a proper analysis somewhere, but I'd have to dig through reddit comments to figure out where that went.But yes, in principle there's nothing wrong with a pool having the majority if are honest. Problem with them having the majority is that it becomes difficult to tell if they're being honest :) Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: scarsbergholden on July 07, 2015, 01:54:10 PM There needs to be a miner foundation so they could at lease set some mining rules between those that join the miner foundation
Title: Re: Just how large is bitfury because as of the last 24hrs.... Post by: TheRealSteve on July 07, 2015, 02:20:10 PM There needs to be a miner foundation so they could at lease set some mining rules between those that join the miner foundation And the benefits of that foundation would be...? Because for a mining op, I can certainly see downsides.5 major Chinese pools - F2Pool, Antpool, BW Pool, BTC China and Huobi - do meet up from time to time and make some agreements. Most recently in supporting an 8MB block size maximum; https://www.reddit.com/r/Bitcoin/comments/3a5qj5/draft_signed_by_f2pool_antpool_bw_btcchina_huobi/ But (last I checked), only 3 somewhat embedded this decision in the block chain. Not that there's any official acceptance to this embedding anyway (and only one of them uses a semi-official one). Ultimately, we shouldn't rely on a foundation or any other sort of semi-central authority :) |
