As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?!

[GenTarkin]

Seriously the blocks have been flying since diff change, 10-12% increase projected & nonstop?! This isnt just variance, its outright slaughter.
I thought AM was fucking halted for the time being
Bitmain hasnt been doing anything or planned anything that I know of lately
spondoolies is sitting around twiddling there dicks

What 33PH just randomly came online?!

Im pissed & very confused lol!
I cant wait till sub $100 btc prices so all these megamines fucking go out of business.

[notlist3d]

The only hardware we know is a batch of S5's.  But they shipped now. 

So whoever it is I don't believe has made a announcement.  There is lot's of speculation but no real info yet.

[jmumich]

Seriously the blocks have been flying since diff change, 10-12% increase projected & nonstop?! This isnt just variance, its outright slaughter.
I thought AM was fucking halted for the time being
Bitmain hasnt been doing anything or planned anything that I know of lately
spondoolies is sitting around twiddling there dicks

What 33PH just randomly came online?!

Im pissed & very confused lol!
I cant wait till sub $100 btc prices so all these megamines fucking go out of business.

Bitmain started shipping Batch 5 this week. That could be part of it. Antpool and Slush have also been extraordinarily lucky compared to their reported hashrate. The hashrate numbers you're referring to likely are derived from the number of blocks solved over a certain period of time - that doesn't mean the hashrate actually increased, it could be luck.

For example, look at the spike in hashrate from March 10-12 on the following chart - the network wasn't 400 Ph/s then, and it probably isn't now. But unlike then, there is almost certainly some increase coming from Bitmain's shipments.

http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart

[GenTarkin]

Bitmain is shipping upwards of 30PH per fucking BATCH?!?!?!?!?!?!? thats madness...
jmumich I get what ur saying about variability, I realize that could be a factor, but this has been sustained since diff increase, which is really rare for variability =P

[jmumich]

Seriously the blocks have been flying since diff change, 10-12% increase projected & nonstop?! This isnt just variance, its outright slaughter.
I thought AM was fucking halted for the time being
Bitmain hasnt been doing anything or planned anything that I know of lately
spondoolies is sitting around twiddling there dicks

What 33PH just randomly came online?!

Im pissed & very confused lol!
I cant wait till sub $100 btc prices so all these megamines fucking go out of business.

Bitmain started shipping Batch 5 this week. That could be part of it. Antpool and Slush have also been extraordinarily lucky compared to their reported hashrate. The hashrate numbers you're referring to likely are derived from the number of blocks solved over a certain period of time - that doesn't mean the hashrate actually increased, it could be luck.

For example, look at the spike in hashrate from March 10-12 on the following chart - the network wasn't 400 Ph/s then, and it probably isn't now. But unlike then, there is almost certainly some increase coming from Bitmain's shipments.

http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart

It should be easy to estimate at least somewhat how much is due to luck. Antpool reports its hashrate, so it is fairly easy to calculate how many blocks it should have solved and compare it to how many it actually solved. For this difficulty period, we've solved 45 blocks more than would be expected if hashrate were stable. (See https://docs.google.com/spreadsheets/d/1qmF2knc5rSrJLESgQJYBz8mPzpKihmSzPPQUGH7pT8g/edit#gid=561061211)

I don't have time to run the numbers now, but I'd be surprised if less than half of those extra blocks were due to luck from Antpool and Slush alone. bw.com has been lucky as well, and from what I can tell no major pool has been unlucky. f2pool stopped reporting their hashrate (or I can't find it), but they're solving blocks at about the rate they were before.

Edit: That said, the luck happened, and it would take an equal amount of bad luck to reverse it, which obviously isn't guaranteed. That's why right now it looks like the increase will be 7-8%, but the round is early so the confidence in that prediction isn't that high.

[GenTarkin]

Thanks for the insight =) I hope ur right! =)

[Puppet]

Bitfury's 28nm chips where initially supposed to hit around new year. They where delayed by a few months, and thats probably what you are seeing now. If true, brace yourselves.

[adaseb]

So if the hashrate increased by 33Ph/s that means that Bitmain must of sold 30,000 of those S5 miners?

I don't think they produced that many units.

[davecoin]

Correct, I would assume only 5 ph from Bitmain.

Upgrading all of their S2 units (assuming they have 4000 units) is less than a petahash.
Sales from S5 for hosting (assuming 2000 units) is going to 2.3 ph.
Retail and bulk sales probably don't add up to 1600 units, (June batch reservation qty), which is only 1.85 ph.

Possibilities:
Bitfury opened a new datacenter
21, inc is burning in new gear before launching retail sales next month
Sfards is already mining and wanted to gauge market demand with an announcement on bitcointalk

tinfoil hat: BE300 and friedcat are alive somewhere  

[notlist3d]

Correct, I would assume only 5 ph from Bitmain.

Upgrading all of their S2 units (assuming they have 4000 units) is less than a petahash.
Sales from S5 for hosting (assuming 2000 units) is going to 2.3 ph.
Retail and bulk sales probably don't add up to 1600 units, (June batch reservation qty), which is only 1.85 ph.

Possibilities:
Bitfury opened a new datacenter
21, inc is burning in new gear before launching retail sales next month
Sfards is already mining and wanted to gauge market demand with an announcement on bitcointalk

tinfoil hat: BE300 and friedcat are alive somewhere  

I am hoping no one has new chip yet.   I would like a few more months before it.   

Either way I guess who ever it is has been quite.

[johnyj]

Bitfury or knc. When they dominate the efficiency war, they will be able to sell the hash rate by cloud based service

[desertfox470]

I don't think that it is one farm, or all bitmain. I can't imagine 33ph being produced and sold.

[philipma1957]

I don't think that it is one farm, or all bitmain. I can't imagine 33ph being produced and sold.

10th units using about 2400 watts.

  would mean 100 of them = 1 ph

 3300 of them = 33 ph

not impossible or even very hard to think bitfury did this,  their older gear  was 6th and 4000 watts IIRC

If they are smart they turned it all off with 1 day left on last  diff adjustment we tanked last time.  say 10 ph vanished.  They now put the 33ph in new gear up.

[Minerjoe]

I also keep telling myself that the diff cant jump that much as it used to before due to enormous base we have. However, I keep getting surprised how much of new hash can be turned on every two weeks. I really hope this is due to luck.

[zombie007]

Wow DAT 49,160,394,362 (+5.23%) diff change in 1 day.

[adaseb]

349450 (Main Chain)   2015-03-27 05:56:14   AntPool   00000000000000000c37db6c35bc709e17911b65a2ea78a7ba2ef305a4706afa
349449 (Main Chain)   2015-03-27 05:55:11   BW.COM   0000000000000000147a01de38ddcb804387786be124f7153a40fb73d5fc0cdc
349448 (Main Chain)   2015-03-27 05:48:05   BW.COM   00000000000000000ffb73bda2d8c749263a6a8568ada783bd43a83d709b080a
349447 (Main Chain)   2015-03-27 05:47:34   AntPool   00000000000000000467ed3a1aea73fbbde4e9af2ed09e1d56a83047239e7e5e
349446 (Main Chain)   2015-03-27 05:41:57   AntPool   00000000000000000f7efa4fd6b4342ff07b0f652d262f09f62f3fb6df06dca6
349445 (Main Chain)   2015-03-27 05:36:51   BTC Guild   000000000000000008000267976e5664ace5bd8ff934149cde06d18e851c0330
349444 (Main Chain)   2015-03-27 05:34:07   F2Pool   0000000000000000139bc6ff6513b658e055eac090951378f31555a7cb72fa7a
349443 (Main Chain)   2015-03-27 05:27:29   F2Pool   000000000000000000a02fc219f20169f605c58bc55faadd5fcb5aab0094f3e9
349442 (Main Chain)   2015-03-27 05:36:53   46.254.252.25   00000000000000000e35532548e48e95a50a4ee954be57f45a9479f4e378cd77
349441 (Main Chain)   2015-03-27 05:21:14   Eligius   0000000000000000083d176dd48e0eea81eac98bb30e611c02a8098e6bc2e467
349440 (Main Chain)   2015-03-27 05:11:50   78.157.205.6   000000000000000006405db60966ade6f9877b8c4876e036390951e7ec852c37
349439 (Main Chain)   2015-03-27 05:13:51   MegaBigPower   000000000000000010c946d4b70d61073881a1527090f9caa2015ff8986ad63a
349438 (Main Chain)   2015-03-27 05:09:14   AntPool   0000000000000000101e56ad7f357f1c0abcc102926fe4bae35cef8b5d1ad918
349437 (Main Chain)   2015-03-27 05:00:51   KnCMiner   000000000000000011d96a5aca2fe4b832f6c8379e1163d127f31fb22c234416

Like I posted in the other thread. There are 14 solved blocks here when there should of been 6.


Mining is finished....

[RoadStress]

Im pissed & very confused lol!
I cant wait till sub $100 btc prices so all these megamines fucking go out of business.

I don't get you. You are pissed because the Bitcoin network is increasing its security at the cost of your profitability. But with no security your profitability would be 0 or negative.

[sidehack]

The network is increasing its security at the risk of everyone's profitability. When only a few entities can afford to mine, they can easily form a cartel and we now have a central banking system for Bitcoin just like there really isn't supposed to be. Why 51% attack when you can just 100% attack?

[EMIF]

The network is increasing its security at the risk of everyone's profitability. When only a few entities can afford to mine, they can easily form a cartel and we now have a central banking system for Bitcoin just like there really isn't supposed to be. Why 51% attack when you can just 100% attack?

They wont profit either. What is the purpose of 51% attack or (100%) if you lose all your investment. If you want to make an experiment or just hate some dev of altcoin; then there is a purpose making 51% attack to altcoin for you. Otherwise , its not meaningful except youre VISA or MASTERCARD

[GenTarkin]

Seriously the blocks have been flying since diff change, 10-12% increase projected & nonstop?! This isnt just variance, its outright slaughter.
I thought AM was fucking halted for the time being
Bitmain hasnt been doing anything or planned anything that I know of lately
spondoolies is sitting around twiddling there dicks

What 33PH just randomly came online?!

Im pissed & very confused lol!
I cant wait till sub $100 btc prices so all these megamines fucking go out of business.

Thats dumb, even for a noob let alone a Legendary.

Are you this stupid for thinking mega miners are killing bitcoins?

Also what makes you think someone must announce anything if they increase their mining capacity? For all we know, someone completely got new miners developed in house, no public sale no BS. This is exactly what bitcoin network is about.

Shame for  your so called Legendary title.

ROFL.... dumb huh? ... I dont think so fool.
Yes megamines are killing bitcoin's price at least, cuz all they do is dump dump dump, putting insane downward pressure on the price. Megamines are in it for sheer profitability not the healthiness of the network. They dont give a fuck, they just want their fiat wealth, some of them become cloud services then run away w/ hardware backing that cloud service then rip off all their investors *points at AM*

The BTC community has become one of the least trustworthy communities Ive ever seen in my life, theres nothing but scum around these parts. Even the highly trusted AM has proven noone should be trusted when it comes to BTC.

The majority of my 'legendary' status comes from good ol GPU mining days, the way it should fucking be. Not this twisted generation of suppliers & miners who are out to just backstab each other.