Network hash total at 14 Thash/s ? (sudden huge increase)

[lacedwithkerosene]

Anyone buying that figure? It was just at ~10 Thash/s, and it would take a ton of new miners online to cause it to jump so much in a day.
And the difficulty rate changed days ago, so it's not skewed from that. What's up?

[wolftaur]

Someone at Nintendo decided to see if the Wii U could handle poclbm.

(Sorry, couldn't resist...)

[Lupus_Yonderboy]

21 blocks in the last hour alone. Holy f'n Christ on a cracker. Guess someone finally got their ASICs (or fpgas) online. If this rate is sustained, next difficulty jump will be in ~ 28 hours, and is probably going to be a helluva lot more than 40%.

Of course this could just be normal variance as well. We'll know in a few hours.

[phillipsjk]

The standard answer I have seen is that the Statistics go out of whack briefly when the difficulty goes up. Presumably the calculation assumes that all previous (N) blocks were of the same difficulty.

Edit: I stand corrected.

[chihlidog]

Newegg got a very large shipment of 5830s in last week. I got mine today, likely a lot of other people did as well. Could partly explain it.

[imperi]

The standard answer I have seen is that the Statistics go out of whack briefly when the difficulty goes up. Presumably the calculation assumes that all previous (N) blocks were of the same difficulty.

Edit: I stand corrected.

The difficulty didn't go up today or yesterday though, right?

[imperi]

132455    fa45f9c5a0...    2011-06-22 01:59:25    2    50.04    0.475
132454    11ccc6ea9f...    2011-06-22 01:59:26    6    101.84490476    1.683
132453    f7b5cdd118...    2011-06-22 01:59:01    12    2459.8651006    3.052
132452    2141aee3d4...    2011-06-22 01:57:46    12    1478.97003205    7.607
132451    b6f33bbe9a...    2011-06-22 01:56:50    63    8860.69752652    36.156
132450    12adec0af6...    2011-06-22 01:54:06    8    1709.7656206    5.983
132449    e341a055cd...    2011-06-22 01:52:09    38    95979.39928296    10.751

LOL! 

Did something break? lol.

[CurbsideProphet]

Did something break? lol.

I think the better question might be, is anything still working?   

[imperi]

I think a time traveler from 2028 brought his new PS8 and plugged it in.

[imperi]

Why are there no more for the last 30 minutes, according to that site? Am I missing something?

edit:

2 just appeared but there is still a big gap.

[imperi]

He keeps blowing circuits and running to a new outlet to try.

Maybe he's on 56k and his mom had to use the phone.

[Lupus_Yonderboy]

hmmm 13 blocks (13433-13455) over a period of exactly 30 minutes (01:29-01:59)...Curiouser and curiouser.

[cottoneyeJoe]

I think it just became self aware!

[relmeas]

love those 50 BTC blocks.

it could be a supercomputer lending some its time for BTC mining or maybe someone knows something.....

[pokwer]

This is probably really stupid even wondering this but I thought I'd mention it anyway.  I saw this on youtube yesterday: http://www.youtube.com/watch?v=eNcOcan1B2c.  I flagged it as spam/scam because... well, duh.  Surely it's not true...!!?! 

[giszmo]

crazy shit! btc is exciting.

[Samantha2011]

uh-oh

[tito13kfm]

Does nobody understand statistics and probabilities here?

Would you say a roulette wheel was rigged if it came up black 10 times in a row?  Even worse, would you bet heavily on red for the next spin?

Every single block generation is a separate occurrence, estimates of total hashing speed are based on a very simple formula for average time to solve a block over X number of blocks vs current difficulty.  A lucky string or two of quickly solved blocks will make it look like hashing power went through the roof.  An unlucky string of blocks taking an hour to solve would make it look like hashing power dropped off considerably.

[imperi]

Does nobody understand statistics and probabilities here?

Would you say a roulette wheel was rigged if it came up black 10 times in a row?  Even worse, would you bet heavily on red for the next spin?

Every single block generation is a separate occurrence, estimates of total hashing speed are based on a very simple formula for average time to solve a block over X number of blocks vs current difficulty.  A lucky string or two of quickly solved blocks will make it look like hashing power went through the roof.  An unlucky string of blocks taking an hour to solve would make it look like hashing power dropped off considerably.

I would say it is rigged if someone empties the casino and a couple day later the roulette wheel 'coincidentally' comes up black a highly unusual number of times in a row.

[IlbiStarz]

It's most likely not actually 14 terahashes. Bitcoincharts says it is 14 terahashes due to those 7 blocks found in like 10 minutes. The number on the site is just an estimate, if 100 blocks were solved in the next minuted, the estimate would be like over 100terahashes. It sucks that we don't have a way to actually calculate the REAL hash rate of the whole network