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Author Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool  (Read 4342138 times)
hoeslayer
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June 16, 2014, 04:45:54 AM
 #16901

Omg longest block ever..12hours.... I've seen long blocks but now I am trying out cloud hashing for 24 hour and now seems a waste...sadden I am. ..
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Searing
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June 16, 2014, 05:49:01 AM
 #16902

Omg longest block ever..12hours.... I've seen long blocks but now I am trying out cloud hashing for 24 hour and now seems a waste...sadden I am. ..

heh longest block ever heh

I THINK the longest block was 26 hrs if i remember correctly

newbies...soooo cute (stay away from BFL!)

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Donkeycongo
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June 16, 2014, 05:56:53 AM
 #16903

Omg longest block ever..12hours.... I've seen long blocks but now I am trying out cloud hashing for 24 hour and now seems a waste...sadden I am. ..

heh longest block ever heh

I THINK the longest block was 26 hrs if i remember correctly

newbies...soooo cute (stay away from BFL!)

Searing


Cloud hashing startles me, how and why would a company buy all the hardware and infrastructure just to sell the hash power at less than what the coins are worth, if they are selling the hash pwr at higher rate than the coins are worth, then why would someone pay for the hash pwr.

Am I missing something here, or is it a gamble on the company selling the power that the hardware is directed at a pool and it has a stupid long round/s?
kcal63
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June 16, 2014, 09:32:18 AM
 #16904

What you are missing about cloud hashing is that most companies are using the profit from hardware sales (norm in the 20% - 50% range) to fund not only the data centers but their own mining equipment. The assured payback from sale of equip (and even better pre-sales) allows companies to use this cash to max effect (both building new hardware and mining) the cost of data hosting and electricity is usually built into the price of the hardware and nearly all such large operations take place in low power cost areas (South China, Pacific Northwest , Utah, Romania etc.) Most such equip is sold at a rate that is modestly profitable to the buyer at current difficulty rates and prices but very well may not be so in the future (with the future in this business often being next month).
Just my 2 cents.
whispy
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June 16, 2014, 02:56:09 PM
 #16905

I knew it would happen.
I had a 2 hour power cut this morning 16 hours into the block.
Of course the block was found after 18 hours and I received 0 reward.
Doesn't seem fair that I used 16 hours worth of electricity for nothing and yet somebody who hopped in to Slush one hour before the block got a full reward  Undecided
Skydaddy
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June 16, 2014, 03:22:24 PM
 #16906

I knew it would happen.
I had a 2 hour power cut this morning 16 hours into the block.
Of course the block was found after 18 hours and I received 0 reward.
Doesn't seem fair that I used 16 hours worth of electricity for nothing and yet somebody who hopped in to Slush one hour before the block got a full reward  Undecided


     Fortunately it took less than 4 hours for the next round to result in a resolved block, so you got off easy on this one. Just think of it as a 24 hr block resolution and move forward. The likelihood of you having a power outage at just the wrong moment is miniscule. It just as easily could have been that your power was also restored in just enough time for you to have benefitted from a short call on the block.
Donkeycongo
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June 16, 2014, 10:11:08 PM
 #16907

I knew it would happen.
I had a 2 hour power cut this morning 16 hours into the block.
Of course the block was found after 18 hours and I received 0 reward.
Doesn't seem fair that I used 16 hours worth of electricity for nothing and yet somebody who hopped in to Slush one hour before the block got a full reward  Undecided


     Fortunately it took less than 4 hours for the next round to result in a resolved block, so you got off easy on this one. Just think of it as a 24 hr block resolution and move forward. The likelihood of you having a power outage at just the wrong moment is miniscule. It just as easily could have been that your power was also restored in just enough time for you to have benefitted from a short call on the block.

Bahahahahaa way to Glass half full it.   Cheesy
Mentalfloss
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June 16, 2014, 10:33:00 PM
 #16908

"The sky is falling!"

http://arstechnica.com/security/2014/06/bitcoin-security-guarantee-shattered-by-anonymous-miner-with-51-network-power/
bspurloc
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June 17, 2014, 02:35:40 AM
 #16909


old news of falling skies!

OMG what with our luck! slush broke something! hope he fixes it. omg the hash rate, omg the pay outs, omg!
bspurloc
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June 17, 2014, 02:37:45 AM
 #16910

I knew it would happen.
I had a 2 hour power cut this morning 16 hours into the block.
Of course the block was found after 18 hours and I received 0 reward.
Doesn't seem fair that I used 16 hours worth of electricity for nothing and yet somebody who hopped in to Slush one hour before the block got a full reward  Undecided

the only thing u should be mad at is the person who jumped in 1 hour before, HAD POWER and u did not.
Otherwise there are other pools you can join to alleviate this booboo
bspurloc
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June 17, 2014, 02:40:51 AM
 #16911

Omg longest block ever..12hours.... I've seen long blocks but now I am trying out cloud hashing for 24 hour and now seems a waste...sadden I am. ..

heh longest block ever heh

I THINK the longest block was 26 hrs if i remember correctly

newbies...soooo cute (stay away from BFL!)

Searing


Cloud hashing startles me, how and why would a company buy all the hardware and infrastructure just to sell the hash power at less than what the coins are worth, if they are selling the hash pwr at higher rate than the coins are worth, then why would someone pay for the hash pwr.

Am I missing something here, or is it a gamble on the company selling the power that the hardware is directed at a pool and it has a stupid long round/s?


I'm thinking the money people are sending them is paying for the Equipment and power to run them, all the other stuff doesnt much matter. They can then skim 2% of the hashing power from each machine and go completely unnoticed to pay for a few Porsche's.
Donkeycongo
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June 17, 2014, 07:44:08 AM
 #16912

Omg longest block ever..12hours.... I've seen long blocks but now I am trying out cloud hashing for 24 hour and now seems a waste...sadden I am. ..

heh longest block ever heh

I THINK the longest block was 26 hrs if i remember correctly

newbies...soooo cute (stay away from BFL!)

Searing


Cloud hashing startles me, how and why would a company buy all the hardware and infrastructure just to sell the hash power at less than what the coins are worth, if they are selling the hash pwr at higher rate than the coins are worth, then why would someone pay for the hash pwr.

Am I missing something here, or is it a gamble on the company selling the power that the hardware is directed at a pool and it has a stupid long round/s?


I'm thinking the money people are sending them is paying for the Equipment and power to run them, all the other stuff doesnt much matter. They can then skim 2% of the hashing power from each machine and go completely unnoticed to pay for a few Porsche's.

Yeah it didn't seem there was a fair exchange and a rort had to be somewhere. Combine that with CEX.io only being able to point the miners at GHash pool, seems like an easy way government to get into mining and fook it up for us. Even if GHash lost control of their pool or sold it could fook it. Having the hardware in the hands of individual miners seems the only way for it not to go that way
Mentalfloss
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June 17, 2014, 11:53:54 AM
 #16913


Not so much, GHash has broken the 50% barrier for sustained periods of time. The old news was they were a threat to but promised never to grow that much. Remember the public statements from them and putting a halt to independent miners joining? The unwritten news is they lied through their teeth and continued to add hashing power to their private stash. You do recall they were already caught once performing a double spend attack, correct? It is new news, a current problem if they continue unchecked.
organofcorti
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June 17, 2014, 12:34:56 PM
 #16914


Not so much, GHash has broken the 50% barrier for sustained periods of time. The old news was they were a threat to but promised never to grow that much. Remember the public statements from them and putting a halt to independent miners joining? The unwritten news is they lied through their teeth and continued to add hashing power to their private stash. You do recall they were already caught once performing a double spend attack, correct? It is new news, a current problem if they continue unchecked.


Every pool has broken the 50% barrier every block. If you don't get the next block, then you're still at 50% for two blocks. On a daily average, Ghash never got over 50% of the network. On a 160 block moving average, GHash.IO might have just touched 50% once for an hour or so.

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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Donkeycongo
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June 17, 2014, 05:47:07 PM
 #16915


Not so much, GHash has broken the 50% barrier for sustained periods of time. The old news was they were a threat to but promised never to grow that much. Remember the public statements from them and putting a halt to independent miners joining? The unwritten news is they lied through their teeth and continued to add hashing power to their private stash. You do recall they were already caught once performing a double spend attack, correct? It is new news, a current problem if they continue unchecked.


Every pool has broken the 50% barrier every block. If you don't get the next block, then you're still at 50% for two blocks. On a daily average, Ghash never got over 50% of the network. On a 160 moving average, GHash.IO might have just touched 50% once for an hour or so.

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.

Im guessing the real short answer is You can type but cannot read

http://www.cryptocoinsnews.com/news/bitcoin-mining-pool-ghash-io-is-unapologetic-risk-theoretical-51-attack

You should try it or you are self proving your theory of short sight
organofcorti
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June 17, 2014, 09:50:57 PM
 #16916


Not so much, GHash has broken the 50% barrier for sustained periods of time. The old news was they were a threat to but promised never to grow that much. Remember the public statements from them and putting a halt to independent miners joining? The unwritten news is they lied through their teeth and continued to add hashing power to their private stash. You do recall they were already caught once performing a double spend attack, correct? It is new news, a current problem if they continue unchecked.


Every pool has broken the 50% barrier every block. If you don't get the next block, then you're still at 50% for two blocks. On a daily average, Ghash never got over 50% of the network. On a 160 moving average, GHash.IO might have just touched 50% once for an hour or so.

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.

Im guessing the real short answer is You can type but cannot read

http://www.cryptocoinsnews.com/news/bitcoin-mining-pool-ghash-io-is-unapologetic-risk-theoretical-51-attack

You should try it or you are self proving your theory of short sight

I have no idea what you mean. What does that article have to do with anything I wrote?

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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nottm28
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June 17, 2014, 10:40:35 PM
 #16917

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.

Human nature is to be greedy alas. Selflessness is only taught (and by a diminishingly few parents).

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mstrongbow
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June 17, 2014, 10:41:32 PM
 #16918

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.

Human nature is to be greedy alas. Selflessness is only taught (and by a diminishingly few parents).

You mean "selfLESSness" right?

edit: hmm, you must've edited right before I clicked quote  Grin

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Donkeycongo
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June 17, 2014, 10:49:03 PM
 #16919

Not so much, GHash has broken the 50% barrier for sustained periods of time. The old news was they were a threat to but promised never to grow that much. Remember the public statements from them and putting a halt to independent miners joining? The unwritten news is they lied through their teeth and continued to add hashing power to their private stash. You do recall they were already caught once performing a double spend attack, correct? It is new news, a current problem if they continue unchecked.

[/quote]

Every pool has broken the 50% barrier every block. If you don't get the next block, then you're still at 50% for two blocks. On a daily average, Ghash never got over 50% of the network. On a 160 moving average, GHash.IO might have just touched 50% once for an hour or so.

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.
[/quote]

Im guessing the real short answer is You can type but cannot read

http://www.cryptocoinsnews.com/news/bitcoin-mining-pool-ghash-io-is-unapologetic-risk-theoretical-51-attack

You should try it or you are self proving your theory of short sight
[/quote]

I have no idea what you mean. What does that article have to do with anything I wrote?
[/quote]
Did you read it?
It kinda says along with the 1st article posted that GHash has broken the 51% before for an extended period and the power been was used maliciously which defies your short answer and view of many - maybe most miners
nottm28
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June 17, 2014, 10:52:56 PM
 #16920

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.

Human nature is to be greedy alas. Selflessness is only taught (and by a diminishingly few parents).

You mean "selfLESSness" right?

edit: hmm, you must've edited right before I clicked quote  Grin

Nah - you read it wrong Smiley

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