[4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool

[00pmac00]

^ please explain idea to lower difficulty? What can we do?

To lower difficulty, we only need to get everyone to stop adding hash power as well as turn off a few machines. Simple.

Hilarious Hahaha BTCest joke of the day!

Wait here's another, please just all of you give me your spare change bitcoin so I can buy my father a Birthday present this weekend.
1JEgJhdCPvRCvccvNpfP9e1KPkKfZsrVrC just send there and life will be good again  
I think that will work about as well as your suggestion...Maybe?

It's not a suggestion. In fact, it is the only way to lower difficulty. Ain't gunna happen.

Yeah, I know. But you said "Simple" ...Uh yeah that was the funny part!

[bobsav2121]

I wonder if that new semiconductor chip that they hijacked that Malaysian airliner MH 370 and killed all those people to steal would have made the asics obsolete and could have been our new mining technology?

http://m.youtube.com/watch?v=-JzmK3-tIvQ

Bitmain must be behind this

[jterry211]

Whoever says this pool is dying or dead can suck it. Go Slush get yah some.

JT

dude, slush pool is dying.  #'s don't lie.  don't get me wrong, it gets hot here and there, but more miners are leaving. 
http://blockorigin.pfoe.be/chart.php

Ooh a chart... Ok we are a smaller pool always have been.  I have been here for about a year and the hash rates have quadrupled since i started.  They fluctuate, doesn't mean its dying.  Allot of people dont like how this pool is set up, i do. There are also 6583613.414 Ghash/s that do too.

JT

[jterry211]

Shut down some miners yea. Or crash a few pools or btc exchanges.     .  

All. Very simply steps.   Might be time to go to ghash for ahwle till slush gets back in the game or diff lowers

I don't see how taking any or all exchanges offline would lower difficulty. Miners gunna mine.

Say a hacker or group of Hackers takes out an exchange and oh say a couple 100 thousand bitcoins get lost permanently that means that have to be mined again.  In turn the difficulty goes down.  Read an article a while back about the volume affecting the mining difficulties etc etc.  Will have to find it and post.

JT

[kkurtmann]

Shut down some miners yea. Or crash a few pools or btc exchanges.     .  

All. Very simply steps.   Might be time to go to ghash for ahwle till slush gets back in the game or diff lowers

I don't see how taking any or all exchanges offline would lower difficulty. Miners gunna mine.

Say a hacker or group of Hackers takes out an exchange and oh say a couple 100 thousand bitcoins get lost permanently that means that have to be mined again.  In turn the difficulty goes down.  Read an article a while back about the volume affecting the mining difficulties etc etc.  Will have to find it and post.

JT

You were misinformed. In fact, I think a few of the newbies here either don't know or were misinformed about what the mining difficulty is, how it works, and what it is used for. Lost coins don't get replaced. You need to do a bit more reading from reputable sources.

[Billbags]

Shut down some miners yea. Or crash a few pools or btc exchanges.     .  

All. Very simply steps.   Might be time to go to ghash for ahwle till slush gets back in the game or diff lowers

I don't see how taking any or all exchanges offline would lower difficulty. Miners gunna mine.

Say a hacker or group of Hackers takes out an exchange and oh say a couple 100 thousand bitcoins get lost permanently that means that have to be mined again.  In turn the difficulty goes down.  Read an article a while back about the volume affecting the mining difficulties etc etc.  Will have to find it and post.

JT

Difficulty is calculated in this control feedback loop. None of that above applies. Lost coins are lost coins, they can't be remined. Only 21 million bitcoin will ever be mined. Only reducing hashpower can reduce difficulity. Difficulty is calculated every 2016 blocks as part of the new target adjustment.

60minhr∗24hrday∗7dayweek 10minblock=2016 in 2weeks

Tcurrent=Tprior∗tprior/2weeks

D=work/2(32)=2(256)/(Tcurrent+1)∗2(32)

hashes/second≈D∗2(32)/600

Definition: The Bitcoin difficulty is the average number of nonces you have to try to find a valid block — aka. the work — divided by 2(32)(roughly 4 billion).

Note that D is just a number for human consumption. It scales in direct proportion to the computational effort required for mining, so twice the difficulty means twice the effort.

If we know the current difficulty D, we can estimate how fast all miners are hashing in aggregate. On average, it takes D∗2(32) hashes to find a nonce that works, and the target is selected to make that take 10 minutes.

[jterry211]

Shut down some miners yea. Or crash a few pools or btc exchanges.     .  

All. Very simply steps.   Might be time to go to ghash for ahwle till slush gets back in the game or diff lowers

I don't see how taking any or all exchanges offline would lower difficulty. Miners gunna mine.

Say a hacker or group of Hackers takes out an exchange and oh say a couple 100 thousand bitcoins get lost permanently that means that have to be mined again.  In turn the difficulty goes down.  Read an article a while back about the volume affecting the mining difficulties etc etc.  Will have to find it and post.

JT

Difficulty is calculated in this exact feedback loop. None of that above applies. Lost coins are lost coins, they can't be remined. Only 21 million bitcoin will ever be mined. Only reducing hashpower can reduce difficulity. Difficulty is calculated every 2016 blocks as part of the new target adjustment.

60minhr∗24hrday∗7dayweek 10minblock=2016 in 2weeks

Tcurrent=Tprior∗tprior/2weeks

D=work/2(32)=2(256)/(Tcurrent+1)∗2(32)

hashes/second≈D∗2(32)/600

My bad misread i suppose. Thats what i get for being dyslexic.

JT

[Billbags]

^ That's ok, believe me, my first theory on that formula was wrong because I left out the fact that it only gets calculated and applied every 2016 blocks, and not continuously, so it took some time for me to get the understanding of it working right.

[Jcga]

Chance du pool (1 jour, 7 jours, 30 jours):   304%, 108%, 108%

304%

[Jcga]

+1 leLol

where does this funny guys come from, may i know

[kkurtmann]

Chance du pool (1 jour, 7 jours, 30 jours):   304%, 108%, 108%

304%

Happy days are here again, let the blocks rain down on Slush again.

[Jcga]

@Jcga
Good old Texas USA. Just having a good time with today's luck

oui une bonne journée.
Slush is in France, french way
Texas, how far do you live from San Antonio, the Spurs
Hey guys you sending soldiers to fight against "Ebola" betta shoot very well lol

[jterry211]

@Jcga
Texas USA. Just having a good time with today's luck

I live outside of Houston.

JT

[cris12821]

So lately iv been watching the diff prediction rise.    It started at like 31 its now 35-38  and I have a feeling when it comes for diff ride it will be at around 42-46.   I thinks is on have like 5 levels in 28hrs or less.   And by the looks of it, its not going to drop, slow down or stop rising anytime soon.

The higher the diff, the more miners people add,   and the so called "only way" to lower it is for miners to be turned off.   
So this is why i have a feeling it'll be 42-48 by the time it finLly changes. 

I'm not loosing hope.  The hope is there, just loosing hope of it dropping or stopping anytime soon.



My theory is,  with your own miners  everyone who runs more than 5th/s turn off ur miners and reduce the speed to 1-5th/s and keep ur miners ready for when and if price rises or diff shootsnthrough the roof.

Instead of adding more and more and more miners to keep up with diff,    turn half your miners off so diff drops thus doubling your profit(I'm pretty sure)




We here at slushs are a family.   And as a family were strong and were lucky.    But diff won't drop or slow down anytime soon with more and more people turning onnmore miners.


Thanks.

[jdany]

In the sage words of Dr. Dre, Today was a good day.

[sjc1490]

So lately iv been watching the diff prediction rise.    It started at like 31 its now 35-38  and I have a feeling when it comes for diff ride it will be at around 42-46.   I thinks is on have like 5 levels in 28hrs or less.   And by the looks of it, its not going to drop, slow down or stop rising anytime soon.

The higher the diff, the more miners people add,   and the so called "only way" to lower it is for miners to be turned off.    
So this is why i have a feeling it'll be 42-48 by the time it finLly changes.  

I'm not loosing hope.  The hope is there, just loosing hope of it dropping or stopping anytime soon.



My theory is,  with your own miners  everyone who runs more than 5th/s turn off ur miners and reduce the speed to 1-5th/s and keep ur miners ready for when and if price rises or diff shootsnthrough the roof.

Instead of adding more and more and more miners to keep up with diff,    turn half your miners off so diff drops thus doubling your profit(I'm pretty sure)




We here at slushs are a family.   And as a family were strong and were lucky.    But diff won't drop or slow down anytime soon with more and more people turning onnmore miners.


Thanks.

You do realize there is 248 TH PH thanks typo on the network, it will never happen. Enjoy while you can as home mining will be nothing but a hobby in the not to distant future. Just the nature of the beast.

[cris12821]

So lately iv been watching the diff prediction rise.    It started at like 31 its now 35-38  and I have a feeling when it comes for diff ride it will be at around 42-46.   I thinks is on have like 5 levels in 28hrs or less.   And by the looks of it, its not going to drop, slow down or stop rising anytime soon.

The higher the diff, the more miners people add,   and the so called "only way" to lower it is for miners to be turned off.    
So this is why i have a feeling it'll be 42-48 by the time it finLly changes.  

I'm not loosing hope.  The hope is there, just loosing hope of it dropping or stopping anytime soon.



My theory is,  with your own miners  everyone who runs more than 5th/s turn off ur miners and reduce the speed to 1-5th/s and keep ur miners ready for when and if price rises or diff shootsnthrough the roof.

Instead of adding more and more and more miners to keep up with diff,    turn half your miners off so diff drops thus doubling your profit(I'm pretty sure)




We here at slushs are a family.   And as a family were strong and were lucky.    But diff won't drop or slow down anytime soon with more and more people turning onnmore miners.


Thanks.

You do realize there is 248 TH on the network, it will never happen. Enjoy while you can as home mining will be nothing but a hobby in the not to distant future. Just the nature of the beast.

No I do realize.  But alllll of this can be fixed by people simply... Reducing there speed.   That doesn't mean just slush users.   It means EVERYONE.      Cut urnspeed in half, save btc, increase profitability.


I understand it all, but everyone halving there speeds would double maybe triplenour profits.   But since that won't happen.   I guess going broke to try and make moneybis the big thing now in bitcoin world.




Hobby, it already is a hobby.   And one hell of a hobby.   Started a few weeks ago, made some money but seems with btc/ $ drop and diff constantly rising every single day.  Maaking IT dead hard TO ROI.




Unless people were smart and and halved there.mining speed.    And suffer low rewards for ahwile so we can get lower diff.  Butnsince nobody seems to think like that.



SUFFER AWAY.  Seems to be what everyone likes to do

Complains about slow blocks, slow or low payouts lower payouts eTC.     Well. Why are you complaining...... The solutions to fix it all are out there but  ppl just  keep complaining or.... Let's just buy more miners increase my speed....... Causingnhigher diff causing longer blocks or smaller payouts.  


I'm just in this to make a few hundred $  possibly hopefully a few thousand $$    or at least break even

FOR I have spoken my 2 sense into this.

I like this hobby, its great for my ADHD.   Always got stuff to do things to check on, math tobdo.      Keeps the hands and the head busy, works for me as long as I can break even  and make a few bucks after that is all I care about.

[sjc1490]

Don't get me wrong the idea itself isn't bad just it will never happen on a scale large enough to have any effect.

[cris12821]

Don't get me wrong the idea itself isn't bad just it will never happen on a scale large enough to have any effect.

On a small scale itl mean nothing. But on a large scale ( all pool miners cut speed in half). It would make a diff.  

Butbas we all say, it'll never happen.     Why would something that Makes sense actually be taken into consideration,    loo cause we all live in a world with people that have uncommon sense.  .      Sorry.  Just saying what's true.       





I just don't get why everyone complains about high diff or something when everyone complaining are probably the ones causing it to go higher.   Crap the diff is higher.  Need more hash power. .. Damnit it went higher... Need more hash power.      Instead think.  Damn the diff keeps going so Hugh,  what if I turned off my miners instead.


Again this is just MY IWN 2 sense

[toptek]

So lately iv been watching the diff prediction rise.    It started at like 31 its now 35-38  and I have a feeling when it comes for diff ride it will be at around 42-46.   I thinks is on have like 5 levels in 28hrs or less.   And by the looks of it, its not going to drop, slow down or stop rising anytime soon.

The higher the diff, the more miners people add,   and the so called "only way" to lower it is for miners to be turned off.    
So this is why i have a feeling it'll be 42-48 by the time it finLly changes.  

I'm not loosing hope.  The hope is there, just loosing hope of it dropping or stopping anytime soon.



My theory is,  with your own miners  everyone who runs more than 5th/s turn off ur miners and reduce the speed to 1-5th/s and keep ur miners ready for when and if price rises or diff shootsnthrough the roof.

Instead of adding more and more and more miners to keep up with diff,    turn half your miners off so diff drops thus doubling your profit(I'm pretty sure)




We here at slushs are a family.   And as a family were strong and were lucky.    But diff won't drop or slow down anytime soon with more and more people turning onnmore miners.


Thanks.

You do realize there is 248 TH on the network, it will never happen. Enjoy while you can as home mining will be nothing but a hobby in the not to distant future. Just the nature of the beast.

No I do realize.  But alllll of this can be fixed by people simply... Reducing there speed.   That doesn't mean just slush users.   It means EVERYONE.      Cut urnspeed in half, save btc, increase profitability.


I understand it all, but everyone halving there speeds would double maybe triplenour profits.   But since that won't happen.   I guess going broke to try and make moneybis the big thing now in bitcoin world.




Hobby, it already is a hobby.   And one hell of a hobby.   Started a few weeks ago, made some money but seems with btc/ $ drop and diff constantly rising every single day.  Maaking IT dead hard TO ROI.




Unless people were smart and and halved there.mining speed.    And suffer low rewards for ahwile so we can get lower diff.  Butnsince nobody seems to think like that.



SUFFER AWAY.  Seems to be what everyone likes to do

Complains about slow blocks, slow or low payouts lower payouts eTC.     Well. Why are you complaining...... The solutions to fix it all are out there but  ppl just  keep complaining or.... Let's just buy more miners increase my speed....... Causingnhigher diff causing longer blocks or smaller payouts.  


I'm just in this to make a few hundred $  possibly hopefully a few thousand $$    or at least break even

FOR I have spoken my 2 sense into this.

I like this hobby, its great for my ADHD.   Always got stuff to do things to check on, math tobdo.      Keeps the hands and the head busy, works for me as long as I can break even  and make a few bucks after that is all I care about.

exactly, why i do it is a really fun hobby atm i don't have ADHD but am disabled to the point i can't work and my DR won't let me go back to work ive tried but he won't let me so this keeps my mind jumping . and i all i hope for is to break even and make a little extra change on the side, I'm set . The days of getting rich off this are all but over unless you want spend like what may be 40 k for the hardware.


cya