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Title: Massive sudden rise in hash rate Post by: ehoffman on October 22, 2013, 04:27:35 PM Is it just me or has the hashrate just had a MASSIVE surge?
Last half hour... 265348 (Main Chain) 2013-10-22 15:59:43 265347 (Main Chain) 2013-10-22 15:57:53 265346 (Main Chain) 2013-10-22 15:55:46 265345 (Main Chain) 2013-10-22 15:56:14 265344 (Main Chain) 2013-10-22 15:54:54 265343 (Main Chain) 2013-10-22 15:52:43 265342 (Main Chain) 2013-10-22 15:50:48 265341 (Main Chain) 2013-10-22 15:47:08 265340 (Orphaned) 2013-10-22 15:39:21 265340 (Main Chain) 2013-10-22 15:39:47 265339 (Main Chain) 2013-10-22 15:34:18 265338 (Main Chain) 2013-10-22 15:32:57 265337 (Main Chain) 2013-10-22 15:32:16 13 blocks found... The previous 30-minutes periods had between 4 and 7 blocks found (should be 3, but with higher hashrate it's understandable) Just my observation... Luck? Title: Re: Massive sudden rise in hash rate Post by: Puppet on October 22, 2013, 04:31:07 PM Its just statistical noise. On average, currently a block gets found every 6-7 mins, but it can be 6 seconds or 60 minutes too. And of course there is no reason you cant have several of those in a row. It will happen. Here is what I saw a few minutes ago (edit: heh, same sequence you posted) :
http://i.snag.gy/nSx2o.jpg Thats not to say hashrate isnt going ballistic, because it clearly is. Its quite literally off the charts: http://bitcoin.sipa.be/ :) But you need to average several hundred blocks at least to get a meaningful average. Title: Re: Massive sudden rise in hash rate Post by: Puppet on October 22, 2013, 04:36:56 PM Here is a good chart showing the variance you get with 16 blocks:
http://bitcoinwisdom.com/assets/difficulty/bitcoin-hash_rate-estimated.png?1382459424 source: http://bitcoinwisdom.com/bitcoin/difficulty As you can see we have already had sequences that would correspond to 8+PH, but that doesnt means we are close to it. yet :) Title: Re: Massive sudden rise in hash rate Post by: timk225 on October 22, 2013, 04:46:02 PM Damn, this thing is surging big time. I wonder what will be the cause of its eventual crash in hash power? I'm thinking hackers or zombies.
I wisely got out of BTC and went to LTC when I saw the difficulty rising from 11 million to 20 million, not that long ago. Title: Re: Massive sudden rise in hash rate Post by: ehoffman on October 22, 2013, 04:47:49 PM Yeah, it's what I taught, but it looked kind of strange, seeing all those blocks in a few seconds apart :)
However, the thing that confirm it's just noise is that those blocks are coming from different sources/pools. I made a transaction just before, and it confirmed very very quickly :) It would be a bummer though if you would make a Tx during a "low", from your wallet to your favorite exchange site, while BTC is crashing ;D Title: Re: Massive sudden rise in hash rate Post by: ehoffman on October 22, 2013, 04:53:46 PM I'm thinking hackers or zombies. Well, the one good thing of ASICs is that BTC will become zombie-proof. A well crafted zombie could well start hundred of thousands GPU miners, but even that is making less and less of a dent, and certainly not doubling the hashrate ;) In a few months, the only thing that will me mining BTC will be sub-28nm ASICs. The rest will be like computing Pi to 1 million digit with pebble and sticks... Title: Re: Massive sudden rise in hash rate Post by: timk225 on October 22, 2013, 05:04:16 PM If the zombies rise, no one will give a rat's ass about BTC or money of any kind. It'll be a free for all take what you want scenario.
Although I think I'll still find and keep several million dollars in cash because I always wanted to have a lot of money. ;D Title: Re: Massive sudden rise in hash rate Post by: fattypig on October 23, 2013, 12:47:30 PM If the zombies rise, no one will give a rat's ass about BTC or money of any kind. It'll be a free for all take what you want scenario. Although I think I'll still find and keep several million dollars in cash because I always wanted to have a lot of money. ;D Everyone would die including you, its no use of BTC or money :) Title: Re: Massive sudden rise in hash rate Post by: hulk on October 23, 2013, 04:00:20 PM Is it just me or has the hashrate just had a MASSIVE surge? Last half hour... 265348 (Main Chain) 2013-10-22 15:59:43 265347 (Main Chain) 2013-10-22 15:57:53 265346 (Main Chain) 2013-10-22 15:55:46 265345 (Main Chain) 2013-10-22 15:56:14 265344 (Main Chain) 2013-10-22 15:54:54 265343 (Main Chain) 2013-10-22 15:52:43 265342 (Main Chain) 2013-10-22 15:50:48 265341 (Main Chain) 2013-10-22 15:47:08 265340 (Orphaned) 2013-10-22 15:39:21 265340 (Main Chain) 2013-10-22 15:39:47 265339 (Main Chain) 2013-10-22 15:34:18 265338 (Main Chain) 2013-10-22 15:32:57 265337 (Main Chain) 2013-10-22 15:32:16 13 blocks found... The previous 30-minutes periods had between 4 and 7 blocks found (should be 3, but with higher hashrate it's understandable) Just my observation... Luck? Just some luck, sometimes its 6 blocks found in a minute.. Title: Re: Massive sudden rise in hash rate Post by: Puppet on October 23, 2013, 04:02:23 PM Just some luck, sometimes its 6 blocks found in a minute.. prove it. Title: Re: Massive sudden rise in hash rate Post by: timk225 on October 23, 2013, 04:15:02 PM Quote Everyone would die including you, its no use of BTC or money :) This is the biggest LOL of them all! I would never go down in a zombie apocalypse. It simply could not happen, I an far too awesome to be common zombie. I'll be on the roof getting BOOM HEADSHOTS with my Ruger 10/22. As has been told in zombie movies and TV shows, I'll be in that less than 1% with a natural immunity to whatever causes people to become zombies, and they won't ever catch me to bite me either. I'd be EPIC in a zombie apocalypse, although I'd miss my internet porn when the system eventually goes down. |
