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Author Topic: Someone put a serious compute power into the network!  (Read 1017 times)
d3wo
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June 16, 2011, 02:48:33 AM
 #1

look at these graph
http://www.bitcoinwatch.com/

Just a few days... the Network jumped from 7Thash to 12Thash

this is not funny,
it make my mine result become half,
raising blocks/hour rate,
raising difficulty speed/days rate,
oh noesss....

I hope these phenomenal can make btc price raising...
 Undecided

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EyeRis
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June 16, 2011, 03:05:33 AM
 #2

These are not mining rigs. This is the sheer mass amount of people joining the network due to publicity. you would be surprised how many people took up mining when that website dealing drugs for bitcoins got known by places like gizmodo

http://eyerishacking.blogspot.com/
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June 16, 2011, 03:31:41 AM
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I dislike how everyone seems to attack sites such as SilkRoad for their use of bitcoin. While I do not approve of it, the point of BTC was to avoid dealing with a central authority telling you what you can and cannot use their money on -- these sorts of sites are simply utilizing BTC to it's fullest potential, albeit not in the most moral way.
Austinh100
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June 16, 2011, 03:34:53 AM
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give the network a day or two to stabilize, it goes crazy after a difficulty increase

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d3wo
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June 16, 2011, 05:26:23 AM
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These are not mining rigs. This is the sheer mass amount of people joining the network due to publicity. you would be surprised how many people took up mining when that website dealing drugs for bitcoins got known by places like gizmodo

I diss-agree with you on this one, huge amount of people cannot do this kind of compute power.
As you can see on the links i post above, there is "other" in pie graph.
I don't think these amount of compute power comes from standard people,
if "standard" people start mining, they will put their compute power into pools, so the pools graph will get bigger.
While in those graphs, the "other" pie goes huge ! So there are organization put their mining rigs to start Solo mining.

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Auspician
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June 16, 2011, 05:29:42 AM
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What pie graph?  There is no 'other' category in the graphs you linked.  Either you are misreading the graphs, provided the wrong link, or I'm missing something here.
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June 16, 2011, 05:35:26 AM
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I'd say it's much more likely that this means more people are mining than that someone just got his 5Th/s rig online. I would pay just to get a glimpse of that rig though.
dhall
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June 16, 2011, 06:13:23 AM
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It's not impossible that someone bankrolled a massive mining farm. With that kind of power, you could earn some serious btc. I would probably say that it is more likely though that the increase is due mostly to individuals. Bitcoin is just starting to catch on and its usability is becoming more apparent by the day.
d3wo
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June 16, 2011, 06:54:31 AM
 #9

What pie graph?  There is no 'other' category in the graphs you linked.  Either you are misreading the graphs, provided the wrong link, or I'm missing something here.

I appologize, my mistake, this are the correct one.

http://www.bitcoinwatch.com/

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June 16, 2011, 07:25:47 AM
 #10

look at these graph
http://www.bitcoinwatch.com/

Just a few days... the Network jumped from 7Thash to 12Thash

this is not funny,
it make my mine result become half,
raising blocks/hour rate,
raising difficulty speed/days rate,
oh noesss....

I hope these phenomenal can make btc price raising...
 Undecided


is a bug wait few days and you will get the real number
swusc2
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June 16, 2011, 07:28:40 AM
 #11

look at these graph
http://www.bitcoinwatch.com/

Just a few days... the Network jumped from 7Thash to 12Thash

this is not funny,
it make my mine result become half,
raising blocks/hour rate,
raising difficulty speed/days rate,
oh noesss....

I hope these phenomenal can make btc price raising...
 Undecided


is a bug wait few days and you will get the real number

*********THIS*********

The art of search would have turned up 100+ topics about why people are being stupid saying that the network exploded X Thash after a difficulty jump.

Impress your friends! Buy a bitcoin keychain!
http://forum.bitcoin.org/index.php?topic=30799.0
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