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Author Topic: What the hell is going on with the network hashrate???  (Read 3928 times)
anddy78 (OP)
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August 19, 2012, 10:05:32 PM
 #1



BFL?

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foggyb
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August 19, 2012, 10:07:48 PM
 #2

everyone is turning on all the mining hardware they bought during the rally.

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August 19, 2012, 10:10:04 PM
 #3

Look at the BTC Price ATM.....


New miners + Old ones switching their old rigs back on or upgrading rigs (the ones without fear of BFL ASIC)

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August 19, 2012, 10:14:25 PM
 #4



Ouch
matthewh3
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August 19, 2012, 10:23:04 PM
 #5

Maybe BFL testing ASIC's October is not far away.

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August 19, 2012, 11:37:57 PM
Last edit: August 20, 2012, 12:18:26 AM by nedbert9
 #6



FYI, 700 GH added in one day on EMC - confirmed by pool op.

https://bitcointalk.org/index.php?topic=16385.msg1113700#msg1113700


Edit:

Seems a mass switch from Ozcoin to EMC happened.  Carry on.
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August 19, 2012, 11:39:26 PM
 #7

Isn't that the pool BFL has used before for burning?

Raoul Duke
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August 19, 2012, 11:48:48 PM
 #8

Isn't that the pool BFL has used before for burning?

Yes, it is. If the biggest miner name on the stats as a burn on it's name, it's BFL.
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August 19, 2012, 11:50:51 PM
 #9

700GH/s=200 Jalapeños  Grin

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August 19, 2012, 11:59:36 PM
 #10

Turned my rigs on again, just for the lulz. BFL ain't got nothing on this shit!

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August 20, 2012, 01:04:40 AM
 #11

A 10 TH spike all of a sudden. Whatever it is, it's not an accident or variation. Hopefully, it will turn out to be a 51% attack. It was a long time coming and the protocol needs to become protected against it. Bitcoin will either come out of it stronger than ever or dead.
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August 20, 2012, 01:22:44 AM
 #12

Beat me to it.  I'd imagine that one would think the hashrate would go the other way since coins are worth a little less now.  Instead it looks like the network's doubled.


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August 20, 2012, 03:25:11 AM
 #13

Beat me to it.  I'd imagine that one would think the hashrate would go the other way since coins are worth a little less now.  Instead it looks like the network's doubled.



Perhaps Largecoin may be behind this also?
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August 20, 2012, 12:01:05 PM
 #14

Isn't that the pool BFL has used before for burning?

Yes, it is. If the biggest miner name on the stats as a burn on it's name, it's BFL.

BFL_Josh = Inaba = EMC   Grin

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DeathAndTaxes
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August 20, 2012, 12:24:49 PM
 #15

A 10 TH spike all of a sudden. Whatever it is, it's not an accident or variation. Hopefully, it will turn out to be a 51% attack. It was a long time coming and the protocol needs to become protected against it. Bitcoin will either come out of it stronger than ever or dead.

A 51% attack wouldn't manifest itself as a increasing in hashing power.  The attacker will be hashing an alternate chain.  So either the attacker was previously hashing the main chain in which case you would see a massive drop in hashing power or the attacker was never contributing to the main chain in which case there would be no change in hashing power.
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August 20, 2012, 02:06:31 PM
 #16

Somebody's playing with their new ASICs?
aadje93
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August 20, 2012, 03:44:09 PM
 #17

i turned on my game pc for bitcoin mining  Smiley.

(just 1400mhash  Grin)

nedbert9
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August 20, 2012, 03:59:45 PM
 #18




My question is how likely is 3-4 TH manifesting itself within one day not due to a great number of miners, but a single actor?


Just seems fishy.
aadje93
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August 20, 2012, 04:08:59 PM
 #19




My question is how likely is 3-4 TH manifesting itself within one day not due to a great number of miners, but a single actor?


Just seems fishy.

probarly BFL testing the first batch of production?

nedbert9
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August 20, 2012, 04:31:19 PM
 #20




My question is how likely is 3-4 TH manifesting itself within one day not due to a great number of miners, but a single actor?


Just seems fishy.

probarly BFL testing the first batch of production?

Probably not BFL since they've claimed they would not use mainnet for testing.

If it is indeed a new actor responsible for this volume then we'd have to consider their ability to further add capacity on the order of TH's.

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