Hashrate jump, Who can it be ? +60% to 53 Ths

[Transisto]

BFL ?

Should only have added by now 300*60ghs = 18Ths.

AsicMiner ~5ths

http://bitcoin.sipa.be/speed-lin-10k.png

Ps : I know could be nothing but a luck streak, still, new asics is more probable.

[1714150555]

1714150555

[1714150555]

1714150555

[1714150555]

1714150555

[1714150555]

1714150555

[1714150555]

1714150555

[papamoi]

where do you see that?

[papamoi]

ok thx

maybe this the asics startin to be delivered from avalon

[lucif]

I also noticed...

[tacotime]

Probably someone testing new ASICs, like BFL.

[DeanC]

Hashrate UP = Price of BTC UP ?

[papamoi]

are thses graphs updated on real time or are they only a projection?

[Isokivi]

Gentlemen this is what we call variance and thats all it is untill the 7 day average confirms it.

[eleuthria]

Gentlemen this is what we call variance and thats all it is untill the 7 day average confirms it.

Blasphemer!  Leave this thread and take your logic with you!

[Transisto]

Gentlemen this is what we call variance and thats all it is untill the 7 day average confirms it.

3 day average say we've gained 11TH+ in the last 3 days

[Stephen Gornick]

3 day average say we've gained 11TH+ in the last 3 days

Fast forward 12 months:  Do you remember when we thought a 11 Thash/s spike was something notable?

[mc_lovin]

This means LTC is going to go up soon!

[tacotime]

Hashrate UP = Price of BTC UP ?

I doubt it, more like difficulty up.  With an avalon it only takes 0.0010 USD of electricity to produce $1.00 USD at the current difficulty.

Either price is going to go down in the coming months, or the network hash rate/difficulty is going to increase 100 fold.

[Cablez]

It seems the Avalon crew really likes BTCGuild.  So much so that they are getting closer to 51% of the network.  Please spread it around guys.

[Cablez]

Either or.  Just please spread it around a bit.  Its not the only stratum pool out there.

I remember people would howl about Deepbit way back when it was seriously dominant.

[benjamindees]

By my rough approximation, over half the network is now ASICs.

[eleuthria]

Either or.  Just please spread it around a bit.  Its not the only stratum pool out there.

I remember people would howl about Deepbit way back when it was seriously dominant.

It seems BTC Guild has an extremely large Chinese userbase (something I had no idea about until recently).  Since Avalons are heavily concentrated in China at the moment, it's causing a significant imbalance.  I'm waiting to see what happens now that Avalons are starting to get confirmed overseas in greater numbers.  The current massive hash rate imbalance is mostly the result of the regional preference for BTC Guild in China, so I'm hopeful that over the next month we'll see them hitting other pools to level it back to a more manageable point.

I am hopeful that ASICMINER places their next batch of chips on another pool (or splits back 1~2 TH/s with another pool like they used to before the hard fork).

Worst case scenario, I've already announced that getwork will be prematurely dropped from BTC Guild if we get too close to 51%, which will at least slow down the growth by removing ~3.5 TH/s.

[Cablez]

I am hopeful that ASICMINER places their next batch of chips on another pool (or splits back 1~2 TH/s with another pool like they used to before the hard fork).

Let us hope so for the laziness of the mining masses.

[GernMiester]

Out of all the pools I have used I would trust BTCGuild and Ozcoin with 51%+ of the network.
I cant see either one messing with things but I do understand why they may not want 51%.

[eleuthria]

Out of all the pools I have used I would trust BTCGuild and Ozcoin with 51%+ of the network.
I cant see either one messing with things but I do understand why they may not want 51%.

Unfortunately, simply trusting that an entity with 51% will not misbehave is not good for the network.  It's been said many times that if somebody did have 51%, using it maliciously would be foolish because they'd be tossing away guaranteed future revenue for a one-time network attack.  However, that doesn't change the fact that it is still a risk they will use that 51% power, and the perception alone could be bad for Bitcoin while that risk is present.