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Title: Run of Bad luck or the new standard - Bitcoins.lc Post by: JBDive on August 06, 2011, 12:12:17 AM Man I have been looking at the rounds for the past few days and where you use to see rounds at Bitcoins.lc go a couple of hours maybe the past 4 have sucked, 7, 11, 7, 10 hours. Is there where mining is headed and if so at these prices who will stick around or will everyone end up a Deep?
Title: Re: Run of Bad luck or the new standard - Bitcoins.lc Post by: Oldminer on August 06, 2011, 12:16:23 AM Lots of pools (at least the big ones) are having poor block results lately. Some say its bad luck but I find that highly coincidental. I doubt the pools are holding out on the miners though as that would require a lot of collusion. Hmm...
Title: Re: Run of Bad luck or the new standard - Bitcoins.lc Post by: Graet on August 06, 2011, 01:03:50 AM difficulty went up "a couple of days ago" - no coincidence, does it fairly regularly.
I expect longer rounds when difficulty increases. I'd even go so far as to say thats how the bitcoin network was designed to work. :) Title: Re: Run of Bad luck or the new standard - Bitcoins.lc Post by: JBDive on August 06, 2011, 01:07:55 AM difficulty went up "a couple of days ago" - no coincidence, does it fairly regularly. I expect longer rounds when difficulty increases. I'd even go so far as to say thats how the bitcoin network was designed to work. :) I missed that. I didn't think we were due yet. Title: Re: Run of Bad luck or the new standard - Bitcoins.lc Post by: Oldminer on August 06, 2011, 01:36:43 AM difficulty went up "a couple of days ago" - no coincidence, does it fairly regularly. I expect longer rounds when difficulty increases. I'd even go so far as to say thats how the bitcoin network was designed to work. :) Minor difficulty increase = major income decrease Yea makes sense... Title: Re: Run of Bad luck or the new standard - Bitcoins.lc Post by: Jack of Diamonds on August 06, 2011, 04:28:05 AM I gave up on smaller pools. At ~2M and rising difficulty and current prices the variance is unbearable.
I'm only mining at either PPS pools or deepbit now. I'll gladly pay 2-3% for the lack of variance. |