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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3934125 times)
Trongersoll
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June 12, 2013, 02:07:16 PM
 #10021

Odd that even though our hash rate is up, we don't seem to be finding blocks much faster.

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BTCvFiat
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June 12, 2013, 02:14:46 PM
 #10022

Throwing 250-300 mhash/s

Is that with a HD 5850 ?

yes, I'd either be mining or doing other stuff so overall electrical usage is negligible.

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June 12, 2013, 02:16:58 PM
 #10023

Total network hash rate has jumped by nearly 10% to over 154Thash/s since last night. Diff estimated to increase to over 18 million by Sunday.

The estimate is already at 18.5M according to bitcoindifficulty.com

Interesting times Smiley

it was at 21.2 when the last diff went up, so 18.5 is pleasing to see

http://dot-bit.org/tools/nextDifficulty.php  
this one has 19.9 estimate
Tamis
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June 12, 2013, 02:20:39 PM
 #10024

Throwing 250-300 mhash/s

Is that with a HD 5850 ?

yes, I'd either be mining or doing other stuff so overall electrical usage is negligible.

My HD5850 started stock at 260mh/s and is now running at 391mh/s Wink
Oc it !
EasyQuest
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June 12, 2013, 02:38:34 PM
 #10025

Great I added 10 USB ASIC about a week ago and now I am back down to 0.015 a block again. :S meh
bspurloc
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June 12, 2013, 02:38:51 PM
 #10026

Odd that even though our hash rate is up, we don't seem to be finding blocks much faster.

the 4,000gh/s jump technicially wouldnt make a noticeable increase in finding blocks anyhow....
 however it has made a massive decrease on my rewards!
last 2 blocks with this increase are like 2 of my miners got deleted... this is the future...
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June 12, 2013, 02:40:18 PM
 #10027

Great I added 10 USB ASIC about a week ago and now I am back down to 0.015 a block again. :S meh

10 is only 3gh/s?? which would have been around .0055x a block so u must have 6gh/s from other stuff?
BTCvFiat
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June 12, 2013, 02:41:09 PM
 #10028

Throwing 250-300 mhash/s

Is that with a HD 5850 ?

yes, I'd either be mining or doing other stuff so overall electrical usage is negligible.

My HD5850 started stock at 260mh/s and is now running at 391mh/s Wink
Oc it !

I alternate between BTC and LTC mining; so an OC for one would not be ideal for the other.
That aside, I'm waiting to see what magic AMD brings for HD8000/9000 [whatever they call it] =)

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EasyQuest
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June 12, 2013, 02:43:05 PM
 #10029

Great I added 10 USB ASIC about a week ago and now I am back down to 0.015 a block again. :S meh

10 is only 3gh/s?? which would have been around .0055x a block so u must have 6gh/s from other stuff?

Yes I have other miners as well many GPUs and a couple FPGAs about 12 GH/s.

Check it out the drop....... Hope we find more blocks faster today.

18532   2013-06-12 14:08:00   1:24:34   20677521   13461   0.01596740   241124   25.54674000    99 confirmations left
18531   2013-06-12 12:43:26   3:23:57   44489992   32372   0.01627375   241115   25.10480000    90 confirmations left

======================================== about 4 TH/s added (When I woke up)================================================

18530   2013-06-12 09:19:29   0:53:55   9964643   8469   0.02082003   241092   25.07820010    67 confirmations left
18529   2013-06-12 08:25:34   0:15:30   2867723   2438   0.02142909   241080   25.24704812    55 confirmations left
brishtiteveja
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June 12, 2013, 02:46:38 PM
 #10030

I have created a spread sheet with future prediction on difficulty, network hash rate and mining device profitability..Hope it helps everyone.
If any mistake found, please let me know...
https://bitcointalk.org/index.php?topic=232670.0
https://docs.google.com/spreadsheet/ccc?key=0AjEbQ5LBKsAEdDYtajZTMi1Ua0ZkUXR0X0NKSnVaSXc&usp=sharing
laserray
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June 12, 2013, 02:52:18 PM
 #10031

Total network hash rate has jumped by nearly 10% to over 154Thash/s since last night. Diff estimated to increase to over 18 million by Sunday.

Now this is interesting ! Asicminer activating a lot of new block erupters out of the factory ?
I wanted to invest in asic but as I said in another post I think that very soon 50gh/s will be the minimum to hash so I will refrain and sadly just watch very soon :/

I feel the same way.  With the pace at which the Hash rates are increasing, I just don't have enough funds to acquire the hardware to keep mining with a reasonable profit margin.  I'm guessing I'll have to shutdown buy the end of the year since I probably won't make enough to offset the cost of electricity and I'm running FPGAs.  I wonder how hard this is hurting the GPU miners. This is pretty depressing  Embarrassed and in the long run, such a huge jump might actually be detrimental to the bitcoin economy.  I know many people compare this to the switch from CPU mining to GPU mining, but that's somewhat different.  In the case of going from CPUs to GPUs, GPUs are readily available at any computer store.  ASICS on the other hand are hard to acquire.  Look at the questionable bidding wars over the erupter blades and USBs.  GPU prices never got that out of hand.  This huge jump could in fact alienate many newcomers and result in the dissolution of the bitcoin network.

BTC - 1LaserYQyggX8oH9wXVVx78S29KJdus5My
EasyQuest
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June 12, 2013, 02:55:35 PM
 #10032

Total network hash rate has jumped by nearly 10% to over 154Thash/s since last night. Diff estimated to increase to over 18 million by Sunday.

Now this is interesting ! Asicminer activating a lot of new block erupters out of the factory ?
I wanted to invest in asic but as I said in another post I think that very soon 50gh/s will be the minimum to hash so I will refrain and sadly just watch very soon :/

I feel the same way.  With the pace at which the Hash rates are increasing, I just don't have enough funds to acquire the hardware to keep mining with a reasonable profit margin.  I'm guessing I'll have to shutdown buy the end of the year since I probably won't make enough to offset the cost of electricity and I'm running FPGAs.  I wonder how hard this is hurting the GPU miners. This is pretty depressing  Embarrassed and in the long run, such a huge jump might actually be detrimental to the bitcoin economy.  I know many people compare this to the switch from CPU mining to GPU mining, but that's somewhat different.  In the case of going from CPUs to GPUs, GPUs are readily available at any computer store.  ASICS on the other hand are hard to acquire.  Look at the questionable bidding wars over the erupter blades and USBs.  GPU prices never got that out of hand.  This huge jump could in fact alienate many newcomers and result in the dissolution of the bitcoin network.


Since I have a farm of GPUs I am planning on switch to Litecoin by the end of this summer while my FPGAs and ASICs (Block Erupter) with continue to mine bitcoin.
desired_username
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June 12, 2013, 02:59:55 PM
 #10033

Total network hash rate has jumped by nearly 10% to over 154Thash/s since last night. Diff estimated to increase to over 18 million by Sunday.

Now this is interesting ! Asicminer activating a lot of new block erupters out of the factory ?
I wanted to invest in asic but as I said in another post I think that very soon 50gh/s will be the minimum to hash so I will refrain and sadly just watch very soon :/

I feel the same way.  With the pace at which the Hash rates are increasing, I just don't have enough funds to acquire the hardware to keep mining with a reasonable profit margin.  I'm guessing I'll have to shutdown buy the end of the year since I probably won't make enough to offset the cost of electricity and I'm running FPGAs.  I wonder how hard this is hurting the GPU miners. This is pretty depressing  Embarrassed and in the long run, such a huge jump might actually be detrimental to the bitcoin economy.  I know many people compare this to the switch from CPU mining to GPU mining, but that's somewhat different.  In the case of going from CPUs to GPUs, GPUs are readily available at any computer store.  ASICS on the other hand are hard to acquire.  Look at the questionable bidding wars over the erupter blades and USBs.  GPU prices never got that out of hand.  This huge jump could in fact alienate many newcomers and result in the dissolution of the bitcoin network.

The other huge difference is power consumption. I've ran a quite decent GPU mining farm from 2011 and I sold it quite some time ago. Anyways, the transition will be hard that's evident but I welcome it. On the long run it'll be beneficial for bitcoin in my opinion.

Also, running any GPU mining farm requires time and some technical knowledge. On the other hand ASICs are plug and play -----> a lot more people will be interested and have a chance for entering the mining scene.
valladex
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June 12, 2013, 03:08:15 PM
 #10034

@ the current rate even newbies couldn't afford enough ASIC to mine sufficiently, what good is a £300 4.5GH/s K16 when it will be no more profitable than an nvidia gpu would be against AMD gpu. x10 k16 boards might get something but not enough to justify the 3k spent on equipment, no newbies will mean no widespread use of Bitcoin, no widespread use means the end of something very promising. ASIC...the Rothschild of cryptocurrency.
biz
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June 12, 2013, 03:25:01 PM
 #10035

Approx. cluster performance (30 min average): 18053.110 Ghash/s. It's getting crazy...

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Tamis
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June 12, 2013, 03:30:21 PM
 #10036

I have created a spread sheet with future prediction on difficulty, network hash rate and mining device profitability..Hope it helps everyone.
If any mistake found, please let me know...
https://bitcointalk.org/index.php?topic=232670.0
https://docs.google.com/spreadsheet/ccc?key=0AjEbQ5LBKsAEdDYtajZTMi1Ua0ZkUXR0X0NKSnVaSXc&usp=sharing

This shows clearly not to invest !

thx Smiley
valladex
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June 12, 2013, 03:54:07 PM
 #10037

Time to abandon Bitcoin full stop unless your rich, a banker invested business or funded by mummy and daddy. (joking) entire rigs have been wiped out in hours, value is dropping, why bother? the only hope is that they are worth a huge amount in 5 years or so because people are not going to be attracted by this lunacy, only deterred.
iFA88
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June 12, 2013, 04:16:42 PM
 #10038

Since I have a farm of GPUs I am planning on switch to Litecoin by the end of this summer while my FPGAs and ASICs (Block Erupter) with continue to mine bitcoin.

For me, the LTC and BTC mining reward is below as my electricity cost.
bspurloc
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June 12, 2013, 04:36:58 PM
 #10039

Great I added 10 USB ASIC about a week ago and now I am back down to 0.015 a block again. :S meh

10 is only 3gh/s?? which would have been around .0055x a block so u must have 6gh/s from other stuff?

Yes I have other miners as well many GPUs and a couple FPGAs about 12 GH/s.

Check it out the drop....... Hope we find more blocks faster today.

18532   2013-06-12 14:08:00   1:24:34   20677521   13461   0.01596740   241124   25.54674000    99 confirmations left
18531   2013-06-12 12:43:26   3:23:57   44489992   32372   0.01627375   241115   25.10480000    90 confirmations left

======================================== about 4 TH/s added (When I woke up)================================================

18530   2013-06-12 09:19:29   0:53:55   9964643   8469   0.02082003   241092   25.07820010    67 confirmations left
18529   2013-06-12 08:25:34   0:15:30   2867723   2438   0.02142909   241080   25.24704812    55 confirmations left

nice! the power sad the loss!
grrr.... I have another miner in the mail! taking the long route
PrintMule
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June 12, 2013, 04:38:07 PM
 #10040

Odd that even though our hash rate is up, we don't seem to be finding blocks much faster.

I get that feeling too, it's like extra hash power only dwindles rewards, while not adding speed.
Recentlywe dropped back to 12th/s and luck was very good.

It's like those latest additions are doing empty work / pretend to be working.

Yes, I know that sounds dumb, but still.

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