bal3wolf
Sr. Member
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Activity: 476
Merit: 250
Power to the people!
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June 26, 2011, 04:00:47 AM |
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lol so for the people with just a small amount of power it will time to stop doing any bit mining that will hurt it even more when tons of users give up. Then it will come down to the high rollers if they can keep spending big money to keep increasing their hashing power.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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darkskypoet
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Activity: 56
Merit: 0
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June 26, 2011, 06:06:24 AM |
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Well... in a perfect world... you would see people with the lowest costs stay around, while those with higher costs per Mhash would leave... That being said, if people are in it for the money, and that is how they get their utility from mining, they would be more likely to drop out compared to those who do it for the... 'lulz' (too soon?) But, if the transaction count increases as the creator intended, then there does come a point in time where a new block is worth more then 50 BTC, but in transaction fees as opposed to newly minted coins. However, BTCs need to actually be used as a currency for that to happen... Rather then just a weird freak commodity like most treat it now. But thats a whole other story.  |
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darkskypoet
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Activity: 56
Merit: 0
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June 28, 2011, 03:26:00 AM |
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Hey all.. any status updates on the issues?
Hope its going better then it was.
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Rhis
Newbie
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Activity: 5
Merit: 0
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June 28, 2011, 04:09:09 AM |
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Still getting a lot of idles here =(
Pool seems to be down to ~430gh/s due to the connections issue.
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murfshake
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Activity: 84
Merit: 10
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June 28, 2011, 06:02:16 AM |
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Nice interface.
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Keenan79
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Activity: 16
Merit: 0
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June 28, 2011, 08:32:53 AM |
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pools IMO down.
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willphase
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June 28, 2011, 08:46:22 AM |
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Seems to be up and down like a yo-yo at the moment. I had to flip to my backup pool...  Will |
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CalibrataBG
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Activity: 38
Merit: 0
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June 28, 2011, 08:53:03 AM |
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It's been more than an hour of on-off cycling!
I gave the pool plenty of time but I guess I'll have to switch too!
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Jine (OP)
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June 28, 2011, 09:53:25 AM |
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We just encountered a couple of bugs with bitcoind related to the amount of connections we're getting.
A full report on this matter will be released shortly.
The pool is now back and fully operational.
Sorry for the downtime, we're taking countermeasures so this does not happen again.
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Previous founder of Bit LC Inc. | I've always loved the idea of bitcoin.
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Keenan79
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Activity: 16
Merit: 0
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June 28, 2011, 10:07:51 AM |
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ncie |
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murasha
Member
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Activity: 109
Merit: 10
Developer
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June 28, 2011, 11:50:32 AM |
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We just encountered a couple of bugs with bitcoind related to the amount of connections we're getting.
A full report on this matter will be released shortly.
The pool is now back and fully operational.
Sorry for the downtime, we're taking countermeasures so this does not happen again.
Will wait for full report |
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kookiekrak
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June 28, 2011, 04:48:28 PM |
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get in the irc channel for latest news.
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padrino
Legendary
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Activity: 1428
Merit: 1000
https://www.bitworks.io
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June 28, 2011, 11:20:37 PM |
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Pool just blew up...
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Turix
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June 28, 2011, 11:23:31 PM |
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Its back, jine was fiddling with bitcoind.
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Nirth
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Activity: 15
Merit: 0
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June 28, 2011, 11:36:06 PM |
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Awesome pool. It seems to be very stable and great site (quick and clean). I'm curious how the whole market section is going to work in correlation with the bitcoin account you have?
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Oldminer
Legendary
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Activity: 1022
Merit: 1001
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June 28, 2011, 11:38:21 PM |
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Awesome pool. It seems to be very stable and great site (quick and clean). Yea love this pool. |
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darkskypoet
Newbie
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Activity: 56
Merit: 0
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June 29, 2011, 02:16:43 AM |
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And up goes the difficulty again... nearly doubled both times... hmm... I wonder if it'll jump in a week again, or if this jump took care of enough of that flood of extra capacity.
Dear ATI/AMD: we need another doubling in hashing power, please drop a die shrink of cayman before you go all 'tesla like' in your CTM endeavours. Thanks.
dsp
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padrino
Legendary
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Activity: 1428
Merit: 1000
https://www.bitworks.io
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June 29, 2011, 01:17:54 PM |
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Since the patch has been applied I've seen an increase in RPC timeouts/idles, any logs server side indicating problems?
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Jine (OP)
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June 29, 2011, 05:36:22 PM |
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I'm looking into it... I'll keep you guys posted.
/ Jim
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Previous founder of Bit LC Inc. | I've always loved the idea of bitcoin.
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padrino
Legendary
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Activity: 1428
Merit: 1000
https://www.bitworks.io
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June 30, 2011, 01:52:12 AM
Last edit: July 01, 2011, 01:18:30 AM by padrino |
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I'm looking into it... I'll keep you guys posted.
/ Jim
Thanks for keeping up to speed on it, my rejects have always been very low so I never worried about it, since the patch I have seen upwards of 15%.. Today's stats: mhash 2256.0/2257.1 | accept: 20941 | reject: 3195 | hw error: 0 This is from my main rig, before today even with the issues you've been having it's been quite a bit lower, other pools are still very low. EDIT: Ran at Mt. Red overnight, current stats/rejects from Mt Ref are in line with what I have seen in the past, need to get back to these types of numbers on bitcoins.lc, will try again to see how it goes... mhash 2256.7/2257.4 | accept: 18036 | reject: 99 | hw error: 0 |
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