organofcorti
Donator
Legendary
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Activity: 2058
Merit: 1007
Poor impulse control.
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September 28, 2013, 01:38:03 PM |
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Is the bitcoin boat sinking?
Looks like it, 15 hours for a block between yesterday and today... That is on Slush's Pool. If the difficulty goes to 200000000 (which is most likely) in 2 weeks time will it still be worth to mine on pools for small miners? Maybe we should all go solo? You won't get much out of pools neither solo but hey if you find a block when soloing it's all yours! Would be nice to hear what you guys think about it. Also I was thinking of investing in a Cointerra 2TH box but by the time I get it (Jan or probably "2 weeks time" after that deadline) the difficulty will be so high that you'd need 20TH to mine anything. And another query, if mining will become impossible/unprofitable for most people will Bitcoin lose its steam? i think we have a front row seat on the fall and collapse of bitcoin, and never thought i would say that , time to cancel my ebay orders for asic miners !!!!!!! People got greedy by making asic miners too fast , i dont think satochi thought this would happen , this wasnt in his maths Prove me wrong someone !! Your first problem is using eBay to buy a bitcoin miner. The second is I have no clue what you're arguing, that bitcoin is going to die due to asic, that asic is 'cheating', or that the growth curve right now looks any different from the one 3 years ago where using gpus was discovered Or the crazy time just after MTGOX opened where the network difficulty increased tenfold during July 2010.
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Trongersoll
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September 28, 2013, 02:12:55 PM |
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an aside, when did maths become acceptible? math is short for mathematics which is a plural. Maths would be a plural plural.
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organofcorti
Donator
Legendary
Offline
Activity: 2058
Merit: 1007
Poor impulse control.
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September 28, 2013, 02:16:22 PM |
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an aside, when did maths become acceptible? math is short for mathematics which is a plural. Maths would be a plural plural. "Maths" is short for "mathematics". "Math" is short for "mathematic", or possibly "aftermath".
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Trongersoll
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September 28, 2013, 02:24:56 PM Last edit: September 28, 2013, 07:26:24 PM by Trongersoll |
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an aside, when did maths become acceptible? math is short for mathematics which is a plural. Maths would be a plural plural. "Maths" is short for "mathematics". "Math" is short for "mathematic", or possibly "aftermath". It is a strange new world, this internet, where conventions get changed at the drop of a hat. It must be the international aspect, where what we've learned becomes myopic.
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MerchantMiner
Newbie
Offline
Activity: 56
Merit: 0
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September 28, 2013, 02:31:01 PM |
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Is the bitcoin boat sinking?
Looks like it, 15 hours for a block between yesterday and today... That is on Slush's Pool. If the difficulty goes to 200000000 (which is most likely) in 2 weeks time will it still be worth to mine on pools for small miners? Maybe we should all go solo? You won't get much out of pools neither solo but hey if you find a block when soloing it's all yours! Would be nice to hear what you guys think about it. Also I was thinking of investing in a Cointerra 2TH box but by the time I get it (Jan or probably "2 weeks time" after that deadline) the difficulty will be so high that you'd need 20TH to mine anything. And another query, if mining will become impossible/unprofitable for most people will Bitcoin lose its steam? i think we have a front row seat on the fall and collapse of bitcoin, and never thought i would say that , time to cancel my ebay orders for asic miners !!!!!!! People got greedy by making asic miners too fast , i don't think satochi thought this would happen , this wasn't in his maths Prove me wrong someone !! Your first problem is using eBay to buy a bitcoin miner. The second is I have no clue what you're arguing, that bitcoin is going to die due to asic, that asic is 'cheating', or that the growth curve right now looks any different from the one 3 years ago where using gpus was discovered Ok so there's a lot wrong with your response and i have no time to point it out , also cant you see the difference between a statement or an argument , i cant respond to what you wrote as you made no sense. i dont mean to be offensive but your kinda short sighted, using the argument of old dose not apply here, was the same situation relevant back then as is now ? No would be the answer! im sorry but alot of people on this forum dont know what there talking about they just post there un educated responses , im not interested in peoples opinion im looking for information, my issue is that the times now are not the same as before , forget the jump from CPU to GPU forget the hassle with MtGox , there in the past. TODAY there are new challenges with the network . i don't see it being sustainable in the near future for individuals like us and so far no one has given me a response to prove otherwise!!!!!!!!!!!!!! Or are all these issues with slush pool!!!!! i didn't say anything about cheating, i didn't say i was arguing , i didn't say anything about ebay being the problem , you stated that not me ...........
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organofcorti
Donator
Legendary
Offline
Activity: 2058
Merit: 1007
Poor impulse control.
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September 28, 2013, 02:32:36 PM |
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an aside, when did maths become acceptible? math is short for mathematics which is a plural. Maths would be a plural plural. "Maths" is short for "mathematics". "Math" is short for "mathematic", or possibly "aftermath". It is a stramge new world, this internet, where conventions get changed at the drop of a hat. It must be the international aspect, where what we've learned becomes myopic. Nah, don't feel too bad about it. It's just that you've learned American English, and they do weird things with the language. Like "tho" and "math" and "flickr".
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Trongersoll
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September 28, 2013, 02:36:51 PM |
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an aside, when did maths become acceptible? math is short for mathematics which is a plural. Maths would be a plural plural. "Maths" is short for "mathematics". "Math" is short for "mathematic", or possibly "aftermath". It is a stramge new world, this internet, where conventions get changed at the drop of a hat. It must be the international aspect, where what we've learned becomes myopic. Nah, don't feel too bad about it. It's just that you've learned American English, and they do weird things with the language. Like "tho" and "math" and "flickr". yeah, and i learned it in the '60s. The one i hate is "I seen", I've actually had people tell me the "have" is implied. It just sounds illiterate to me.
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Speakeron
Newbie
Offline
Activity: 47
Merit: 0
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September 28, 2013, 02:56:52 PM |
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an aside, when did maths become acceptible? math is short for mathematics which is a plural. Maths would be a plural plural. "Maths" is short for "mathematics". "Math" is short for "mathematic", or possibly "aftermath". It is a stramge new world, this internet, where conventions get changed at the drop of a hat. It must be the international aspect, where what we've learned becomes myopic. "Math" is American English; "Maths" is British English. It's hardly a new convention (being first and all...).
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Trongersoll
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September 28, 2013, 03:11:05 PM |
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Voodoo: oddly, the pool falls below 80Th/s and a block gets found. I wonder if the pool is having trouble dealing with the current amount of traffic, a scaling issue. or perhaps it is just coincidence.
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klondike_bar
Legendary
Offline
Activity: 2128
Merit: 1005
ASIC Wannabe
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September 28, 2013, 03:14:55 PM |
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Voodoo: oddly, the pool falls below 80Th/s and a block gets found. I wonder if the pool is having trouble dealing with the current amount of traffic, a scaling issue. or perhaps it is just coincidence. Ive tried twice almost a week apart to get my 38GH/s bitfury to work with the pool, both with 1 and 2 worker accounts, and can never get past ~6GH/s even after 12 hours. yesterdays luck just made it all the more frustrating!
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klondike_bar
Legendary
Offline
Activity: 2128
Merit: 1005
ASIC Wannabe
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September 28, 2013, 03:18:39 PM |
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Is the bitcoin boat sinking?
Looks like it, 15 hours for a block between yesterday and today... That is on Slush's Pool. If the difficulty goes to 200000000 (which is most likely) in 2 weeks time will it still be worth to mine on pools for small miners? Maybe we should all go solo? You won't get much out of pools neither solo but hey if you find a block when soloing it's all yours! Would be nice to hear what you guys think about it. Also I was thinking of investing in a Cointerra 2TH box but by the time I get it (Jan or probably "2 weeks time" after that deadline) the difficulty will be so high that you'd need 20TH to mine anything. And another query, if mining will become impossible/unprofitable for most people will Bitcoin lose its steam? i think we have a front row seat on the fall and collapse of bitcoin, and never thought i would say that , time to cancel my ebay orders for asic miners !!!!!!! People got greedy by making asic miners too fast , i don't think satochi thought this would happen , this wasn't in his maths Prove me wrong someone !! Your first problem is using eBay to buy a bitcoin miner. The second is I have no clue what you're arguing, that bitcoin is going to die due to asic, that asic is 'cheating', or that the growth curve right now looks any different from the one 3 years ago where using gpus was discovered Ok so there's a lot wrong with your response and i have no time to point it out , also cant you see the difference between a statement or an argument , i cant respond to what you wrote as you made no sense. i dont mean to be offensive but your kinda short sighted, using the argument of old dose not apply here, was the same situation relevant back then as is now ? No would be the answer! im sorry but alot of people on this forum dont know what there talking about they just post there un educated responses , im not interested in peoples opinion im looking for information, my issue is that the times now are not the same as before , forget the jump from CPU to GPU forget the hassle with MtGox , there in the past. TODAY there are new challenges with the network . i don't see it being sustainable in the near future for individuals like us and so far no one has given me a response to prove otherwise!!!!!!!!!!!!!! Or are all these issues with slush pool!!!!! i didn't say anything about cheating, i didn't say i was arguing , i didn't say anything about ebay being the problem , you stated that not me ........... In my opinion, we are quickly approaching the point where the upwards climb will appear to stabilizre a bit. a few more designs will come to the table, low-efficiency devices will stop being used (avalon, BFL), and we wont move past 28nm in the near future. Basically, I think that if you are using a calculator like the genesis block, the point where a 1w/GH miner starts 'losing money' is the point where we will stop the climb and become much more linear as systems turn off, switch to altcoins, etc
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Trongersoll
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September 28, 2013, 03:19:14 PM |
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Voodoo: oddly, the pool falls below 80Th/s and a block gets found. I wonder if the pool is having trouble dealing with the current amount of traffic, a scaling issue. or perhaps it is just coincidence. Ive tried twice almost a week apart to get my 38GH/s bitfury to work with the pool, both with 1 and 2 worker accounts, and can never get past ~6GH/s even after 12 hours. yesterdays luck just made it all the more frustrating! I couldn't get my new Bitfury to work at all with this pool, it is currently mining away on BTCguild. I have a couple of ASICminer blades that i haven't bothered to get running yet. hopefully they'll work ok here.
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KNK
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September 28, 2013, 03:28:31 PM |
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I am testing my bitfury chip(s) with Slush right now and it works like a charm - the pool shows exactly the same as cgminer
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unknown.usr
Member
Offline
Activity: 106
Merit: 10
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September 28, 2013, 03:34:47 PM |
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Pool luck (1 day, 7 days, 30 days): 26%, 82%, 103%
Yuck.
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desired_username
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September 28, 2013, 03:39:15 PM |
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I couldn't get my new Bitfury to work at all with this pool, it is currently mining away on BTCguild. I have a couple of ASICminer blades that i haven't bothered to get running yet. hopefully they'll work ok here.
The blades require a local stratum proxy to work at maximum efficiency with slush and many other pools.
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Epeus
Member
Offline
Activity: 95
Merit: 10
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September 28, 2013, 03:39:54 PM |
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[Good vibes mode] Look on the bright side, the pool is doing better and better today. First a 16 hrs block next a 6 hrs now 2.5 hrs next Do the math (maths?) [/Good vibes mode] @ Trongersol : Blades are happy 99.5% efficiency on Slush.... uptime 9 days now.
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Slesh
Member
Offline
Activity: 103
Merit: 10
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September 28, 2013, 06:38:06 PM |
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Pool luck 26% ? Please someone sacrifice fat sheep
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DarkMatter
Member
Offline
Activity: 67
Merit: 10
Stop trying to steal my account, thanks.
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September 28, 2013, 07:25:25 PM |
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Sacrifice done.
Cross your fingers
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Trongersoll
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September 28, 2013, 07:34:31 PM |
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I've seen our luck as high a 170%, so i guess 26% is within the realm of possibility. It sure doesn't feel right though. If the luck goes negative, do we have to give Bitcoins back? as it is, we're like about 6.6% of the whole pie. Must the Gods deny us even that?
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Ridicuss
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September 28, 2013, 07:57:40 PM |
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I've seen our luck as high a 170%, so i guess 26% is within the realm of possibility. It sure doesn't feel right though. If the luck goes negative, do we have to give Bitcoins back? as it is, we're like about 6.6% of the whole pie. Must the Gods deny us even that? We are paying for our sins now. Whatever those were... LOL
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Man, I wish I could change my avatar!
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