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Title: How did this address mine so many coins? Post by: anon2903 on December 05, 2015, 09:15:35 PM I found an address that was solving blocks every 10 - 15 mins.
152f1muMCNa7goXYhYAQC61hxEgGacmncB How do they do this? It doesn't look like a pool becuase they've generated a lot of coins but not sent out that many. so is it a farm or something like that? If this is a farm, is that normal for a farm? Title: Re: How did this address mine so many coins? Post by: Lauda on December 05, 2015, 09:19:53 PM Quote 2015-12-05 20:35:26 This is not what you would call every 10 - 15 minutes. Nothing special here, just some pool probably. I don't want to waste time investigating who the owner of this address is. 2015-12-05 19:46:43 2015-12-05 19:45:04 2015-12-05 16:54:38 Update: You already investigated it ages ago and found out it's the address from BTCChina Pool. It's been nine months since you wrote about it. Apparently I did. Time is limited compared to back then. Title: Re: How did this address mine so many coins? Post by: anon2903 on December 05, 2015, 09:22:12 PM Quote 2015-12-05 20:35:26 This is not what you would call every 10 - 15 minutes. Nothing special here, just some pool probably. I don't want to waste time investigating who the owner of this address is. 2015-12-05 19:46:43 2015-12-05 19:45:04 2015-12-05 16:54:38 Title: Re: How did this address mine so many coins? Post by: bubble83 on December 05, 2015, 09:22:32 PM You already investigated it ages ago and found out it's the address from BTCChina Pool. It's been nine months since you wrote about it. Looking at the date of the first mined coins in it BTCChina mining pool might have started using that address when it split from Discus Fish.
This is rather a odd question. Why does this interest you? 1) You go to the blockchain, search an address and when you see this: https://i.imgur.com/cZmXoBB.png 2) Depends on what you consider fresh. If you consider coins that haven't been moved since they've been mined then yes. It has no trail behind it. If you use the blockchain you will see the image above on each transaction. 3) This really depends on the pool. They can do whatever suits them more. 4) https://blockchain.info/address/152f1muMCNa7goXYhYAQC61hxEgGacmncB This is the address from BTCChina Pool. Update: Looks like some people partially beat me to it. I don't care about the tip though. OP if you have more questions please address them while I have free time. Title: Re: How did this address mine so many coins? Post by: franky1 on December 05, 2015, 09:23:28 PM https://blockchain.info/block/0000000000000000037a00b3b0cb76baa0b593ca872c9d92ad60f2a695d37f21
its BTCC bitcoin china mining farm as for the not sending out much. two possible reasons: 1. miners only withdraw once a week/month to pay bills. 2. those miners are probably paying bills via revenue generated from BTCC exchange. like for like., basically using the dirty coins from users of the exchange and hoarding the fresh coins from mining Title: Re: How did this address mine so many coins? Post by: Jastetad on December 07, 2015, 10:42:06 AM https://blockchain.info/block/0000000000000000037a00b3b0cb76baa0b593ca872c9d92ad60f2a695d37f21 its BTCC bitcoin china mining farm as for the not sending out much. two possible reasons: 1. miners only withdraw once a week/month to pay bills. 2. those miners are probably paying bills via revenue generated from BTCC exchange. like for like., basically using the dirty coins from users of the exchange and hoarding the fresh coins from mining So the BTC China's mining is very profitable. It does not need much money from mining to pay the costs. Title: Re: How did this address mine so many coins? Post by: Magnesium Coin on December 07, 2015, 07:54:18 PM Nowadays you can identify those addresses quite easily! Either those addresses are from a renowned pool such as Antpool, F2Pool, etc. or some individual has setup a personal mining farm and is trying to earn some Bitcoins. In fact, the latter one is highly unlikely nowadays.
Title: Re: How did this address mine so many coins? Post by: kryptqnick on December 08, 2015, 12:25:03 PM I found an address that was solving blocks every 10 - 15 mins. 152f1muMCNa7goXYhYAQC61hxEgGacmncB How do they do this? It doesn't look like a pool becuase they've generated a lot of coins but not sent out that many. so is it a farm or something like that? If this is a farm, is that normal for a farm? Maybe I'm missing something but I can't see how it should definitely be mining. Can't this address be associated with an exchange or a market? Title: Re: How did this address mine so many coins? Post by: Sir_lagsalot on December 08, 2015, 07:27:50 PM It's BTCChina. Looks like that farm is doing pretty well, if you ask me...
But why does blockchain.info show their IP? I though they were labelled as "BTCChina" :-/ Weird... Nowadays you can identify those addresses quite easily! Either those addresses are from a renowned pool such as Antpool, F2Pool, etc. or some individual has setup a personal mining farm and is trying to earn some Bitcoins. In fact, the latter one is highly unlikely nowadays. But usually these pools are lablled as "antpool" and F2POOL, so why does it show the IP Title: Re: How did this address mine so many coins? Post by: anon2903 on December 12, 2015, 06:00:07 AM I found an address that was solving blocks every 10 - 15 mins. 152f1muMCNa7goXYhYAQC61hxEgGacmncB How do they do this? It doesn't look like a pool becuase they've generated a lot of coins but not sent out that many. so is it a farm or something like that? If this is a farm, is that normal for a farm? Maybe I'm missing something but I can't see how it should definitely be mining. Can't this address be associated with an exchange or a market? Title: Re: How did this address mine so many coins? Post by: wadili89 on December 19, 2015, 06:02:03 AM I found an address that was solving blocks every 10 - 15 mins. 152f1muMCNa7goXYhYAQC61hxEgGacmncB How do they do this? It doesn't look like a pool becuase they've generated a lot of coins but not sent out that many. so is it a farm or something like that? If this is a farm, is that normal for a farm? Maybe I'm missing something but I can't see how it should definitely be mining. Can't this address be associated with an exchange or a market? i have seem many addresses which are receiving block reweds Bitcoins alot faster then this all are of some mining farm there are alot of huge mining farms in china its funny chines people can not visit any bitcoin related website but most of the bitcoins are being mined there Title: Re: How did this address mine so many coins? Post by: nichu on December 19, 2015, 01:49:32 PM there are many large players who earn more coins per day like discus fish, BTCchina,ant miner ,bitfury, BW and knc, some earn more than 100 BTC per day which is incredible. we can just sit and watch ;)
Title: Re: How did this address mine so many coins? Post by: vilain on December 19, 2015, 02:27:28 PM https://blockchain.info/block/0000000000000000037a00b3b0cb76baa0b593ca872c9d92ad60f2a695d37f21 its BTCC bitcoin china mining farm as for the not sending out much. two possible reasons: 1. miners only withdraw once a week/month to pay bills. 2. those miners are probably paying bills via revenue generated from BTCC exchange. like for like., basically using the dirty coins from users of the exchange and hoarding the fresh coins from mining Why do you call the coins from the users dirty? Title: Re: How did this address mine so many coins? Post by: dk8218 on December 27, 2015, 06:43:53 PM Yup... it would be a btc farm definitely
I saw their transactions... they got 25 btc on each transaction .. And then when they get 10000 btc it sent it on another address... So it is a farm... Title: Re: How did this address mine so many coins? Post by: -ck on December 27, 2015, 09:31:47 PM This thread is encouraging more useless posts, some from sigspammers boosting their post count. It was already answered very early on that this address belongs to a very large pool called btccchina. There is nothing more to say so I'm locking the thread.
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