kano
Legendary
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Activity: 4466
Merit: 1798
Linux since 1997 RedHat 4
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May 19, 2016, 01:38:15 PM |
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LOL... not sure we'd really want that to happen. Chinese pools represent the vast majority of the network hash. If the GFW was to go down, they'd be working on one chain while the rest of the world worked on another. As soon as the GFW came back up, chances are exceedingly good they'd have the longer chain, thus rendering the rest of the world's chain worthless. Now, if all of those pools, and the hash associated with them, suddenly went dark that'd be a completely different story. Good luck everyone! Let's nail a couple blocks  Then we would have ChinaBTC and ClassicBTC. haha If the NSA could infect the Iranian nuke program computers, why not Chinese miners......Only the ones behind china IP's otherwise we would all be down.LOL Or one simple event like Chinese govt declare Bitcoin mining illegal... Well, unless they actually hunted down the 2 people in charge of the majority of bitcoin in china (the top of bitmain and f2pool), it would be like in any other country, not much effect. However, being a country where so much is state controlled, and one that can and does make people disappear regularly, yes if that happened, then indeed the hash rate could drop dramatically. |
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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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LASERminer
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May 19, 2016, 02:53:54 PM |
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In the meantime my hashrate dropped dramatically! Someone do not (want to) understand difference between DarkWeb illegal activities and Bitcoin mining and I lost hosting site. Going back to limited night shift mining  and couple S5 to sell quick. This makes me thinking to go solo lottery... |
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jonnybravo0311 (OP)
Legendary
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Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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May 19, 2016, 03:40:58 PM |
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Somebody decided that your S5s were somehow involved in illegal Dark Web activities and shut them down? Yikes. Time to find a better hosting provider. I've heard bitclouder.co does a pretty decent job for our EU friends. Have you checked them out?
As for the solo lottery thing... that's definitely a hell of a long shot. Right now with 2 S5s, you would expect to find a block after 4180.6 days (that's 11.45 years). Statistically speaking, you're far better served mining on a pool, because by the time those S5s find a block, the reward for doing so will be down to 3.125 coins.
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Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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LASERminer
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May 19, 2016, 07:35:40 PM |
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Not exactly - basically he thinks anything involving Bitcoin is connected to Dark Web crimes, he do not listen to me and have no interest to learn. All he knows is general media buzz.
This is result of quality of main stream media coverage on Bitcoin - i.e. topic "Craig W is Satoshi" - crypto portals made follow up on this "proof", where mainstream media are quiet, especially those who were headlining "Satoshi revealed" as nobody want to say oups my news was rubbish. Average Joey like him is sure Craig W is Satoshi.
My problem is - person is in charge of place I was having my S5's running for free - not any more - he is scared of going to jail!
I'm a hobbyist - not looking for ROI or calculated profit... what is expectation for R1 to find a block? ...and still there is fun at antrun.de
I'm still with you Jonny but I feel kinda bad on fact that whole excitement here is out of your expense... (read BTCpromosBTC)
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jonnybravo0311 (OP)
Legendary
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Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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May 19, 2016, 07:41:27 PM |
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The R1? Assuming stock speed of 5.5GH/s... right now it's about 4810 years until it would find a block. Those are some pretty long odds  |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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controlhosting
Newbie
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Activity: 48
Merit: 0
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May 20, 2016, 02:11:49 AM |
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Rented 200 TH come on lets get a block...
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rmw85
Newbie
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Activity: 8
Merit: 0
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May 21, 2016, 08:40:59 PM |
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Just picked up a used S3 for cheap. Should have it hashing here in a bit. Not much but anything helps right?
And NO i wont ROI.
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OneInchWonder
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May 21, 2016, 09:10:27 PM |
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Just picked up a used S3 for cheap. Should have it hashing here in a bit. Not much but anything helps right?
And NO i wont ROI.
I got 3 of them not doing a dam thing. Lol Power is way to much in California. |
get.uber.com/drive/?invite_code=brianp6308ue
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LASERminer
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May 21, 2016, 09:27:29 PM |
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Just picked up a used S3 for cheap. Should have it hashing here in a bit. Not much but anything helps right?
And NO i wont ROI.
I got 3 of them not doing a dam thing. Lol Power is way to much in California. I also just had 3 of them - made ROI by "Buy-It-Now hosting" on eBay  IMHO power is even higher in Europe. |
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OneInchWonder
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May 21, 2016, 11:37:54 PM |
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Just picked up a used S3 for cheap. Should have it hashing here in a bit. Not much but anything helps right?
And NO i wont ROI.
I got 3 of them not doing a dam thing. Lol Power is way to much in California. I also just had 3 of them - made ROI by "Buy-It-Now hosting" on eBay IMHO power is even higher in Europe. My power rates. Lol So home mining without solar is not goin to happen. Tier 1 to 5 power rates. $0.18212 $0.22481 $0.28578 $0.36389 $0.36389 |
get.uber.com/drive/?invite_code=brianp6308ue
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jonnybravo0311 (OP)
Legendary
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Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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May 22, 2016, 02:23:28 AM |
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LOL... Buy-It-Now Hosting. Love it I've got 8 S3s sitting around doing nothing. 20 A6 and 1 S5 chugging away - the S5 is about to get unplugged, too. Talk about close... one of my A6 hit a 183G share. |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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OneInchWonder
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May 22, 2016, 03:25:09 AM |
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Come on block |
get.uber.com/drive/?invite_code=brianp6308ue
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LASERminer
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May 22, 2016, 10:16:15 AM |
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My power rates. Lol So home mining without solar is not goin to happen.
Tier 1 to 5 power rates.
$0.18212 $0.22481 $0.28578 $0.36389 $0.36389
We got it simple here: £0.13 = $0.19 |
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jonnybravo0311 (OP)
Legendary
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Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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May 22, 2016, 03:53:23 PM |
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I wish our rates were a nice and simple structure like yours - although I don't envy the price you're paying . Rates here fluctuate depending on time of day, time of year, tier, etc. For example, in the winter during off hours the rates are relatively low. During the summer and peak hours the rates are relatively high. Come on blocky blocky blocky... come out and play with us! |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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PPOC
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May 22, 2016, 05:17:17 PM |
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Sunday bonus today? Coin burning a hole in my pocket. haha
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BTC: 1Bo6YsPeHCrVRygHLJg9BwHeaLSQpppcJi
"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone."
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jonnybravo0311 (OP)
Legendary
Offline
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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May 22, 2016, 09:33:08 PM |
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Sunday bonus today? Coin burning a hole in my pocket. haha
Sure... find a block today and get 1 BTC. It also qualifies you for the diff change promo - which could win you another 1 BTC. With the diff change only a few days away, that's not a bad return |
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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controlhosting
Newbie
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Activity: 48
Merit: 0
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May 23, 2016, 03:27:16 PM |
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That next difficulty tho.... the network jumped 1,100 PH While i was sleeping... YOWZERS
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jonnybravo0311 (OP)
Legendary
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Activity: 1344
Merit: 1023
Mine at Jonny's Pool
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May 23, 2016, 04:53:35 PM |
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The spike is astounding in its magnitude. We went from a pretty much flat/negative diff change to over 3.5% in a night.
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Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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PPOC
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May 23, 2016, 05:17:55 PM |
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The spike is astounding in its magnitude. We went from a pretty much flat/negative diff change to over 3.5% in a night.
If someone really put that much hash online, should have waited 48 hours for the adjustment and ride the diff for another 12 days. |
BTC: 1Bo6YsPeHCrVRygHLJg9BwHeaLSQpppcJi
"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone."
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Mikestang
Legendary
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Activity: 1274
Merit: 1000
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May 23, 2016, 05:42:57 PM |
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The spike is astounding in its magnitude. We went from a pretty much flat/negative diff change to over 3.5% in a night.
If someone really put that much hash online, should have waited 48 hours for the adjustment and ride the diff for another 12 days. The scary thought is, what if this is just the tip of the iceberg and they really are turning it on slowly? "They" have been smart about the peaks before and timed them with the adjustment, so the fact that this one sticks out like a sore thumb is concerning. |
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