Large bitcoin mining farm mining 4 blocks a day having made 1600BTC

[bitcoiner49er]

Speculative nonsense, how much do you think someone with a few Avalon boxes and a bit of luck could do?

I agree it is totally speculative to claim it is BFL, but it is more than a few Avalon boxes. Based on the rate they are hashing, if they are using Avalon boxes it would be between 50 and 100 of them.

Looking at the dates of their "savings account" http://blockchain.info/address/16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc  it does look like BFL
pre-mining mini rigs.  Nothing new here.  Avalon has been doing this since January.

Or someone broke sha256, mined 34 million and retired.

And then sends it to 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v which has received 98000 BTC since March this year.

Pre-mining should be carried out on the test net.

It's Avalon's address.

[1714078237]

1714078237

[powpow]

Speculative nonsense, how much do you think someone with a few Avalon boxes and a bit of luck could do?

I agree it is totally speculative to claim it is BFL, but it is more than a few Avalon boxes. Based on the rate they are hashing, if they are using Avalon boxes it would be between 50 and 100 of them.

Looking at the dates of their "savings account" http://blockchain.info/address/16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc  it does look like BFL
pre-mining mini rigs.  Nothing new here.  Avalon has been doing this since January.

Or someone broke sha256, mined 34 million and retired.

And then sends it to 158mVoizfU3xPxGGchGtnsKSixGs9XTo6v which has received 98000 BTC since March this year.

Pre-mining should be carried out on the test net.

It's Avalon's address.

This is the most interesting post of the day for me.

A transaction of 10,000 BTC (About 1 million dollars) left a Avalon group buy payment address:

http://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

It sent it to this address:

http://blockchain.info/address/16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc

Which, in turn sent 2,000 BTC to this address:

http://blockchain.info/address/158mVoizfU3xPxGGchGtnsKSixGs9XTo6v

One of the biggest winners in BTC.

[Ytterbium]

A transaction of 10,000 BTC (About 1 million dollars) left a Avalon group buy payment address:

http://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

It sent it to this address:

http://blockchain.info/address/16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc

Which, in turn sent 2,000 BTC to this address:

http://blockchain.info/address/158mVoizfU3xPxGGchGtnsKSixGs9XTo6v

One of the biggest winners in BTC.

Probably just rich people buying and selling BTC person to person.

[bitcoiner49er]

A transaction of 10,000 BTC (About 1 million dollars) left a Avalon group buy payment address:

http://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

It sent it to this address:

http://blockchain.info/address/16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc

Which, in turn sent 2,000 BTC to this address:

http://blockchain.info/address/158mVoizfU3xPxGGchGtnsKSixGs9XTo6v

One of the biggest winners in BTC.

Probably just rich people buying and selling BTC person to person.

Why is it we will triple encrypt our wallets, cold store them in vaults, have paper backups, NEVER allow them to be online because we are paranoid of someone getting access. Yet, we see an OBVIOUS trail from a solo mining farm back to Avalon and someone thinks "Oh, just rich people buying and selling BTC..." 

[powpow]

A transaction of 10,000 BTC (About 1 million dollars) left a Avalon group buy payment address:

http://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

It sent it to this address:

http://blockchain.info/address/16ygEoTjg7P5GJwLKTQd1UgqAGuF8bKVRc

Which, in turn sent 2,000 BTC to this address:

http://blockchain.info/address/158mVoizfU3xPxGGchGtnsKSixGs9XTo6v

One of the biggest winners in BTC.

Probably just rich people buying and selling BTC person to person.

Why is it we will triple encrypt our wallets, cold store them in vaults, have paper backups, NEVER allow them to be online because we are paranoid of someone getting access. Yet, we see an OBVIOUS trail from a solo mining farm back to Avalon and someone thinks "Oh, just rich people buying and selling BTC..."  

Can you show the transactions going from a known Avalon address to/from a mining farm? The addresses I just showed don't go to or from any addresses with new coins generated.

[bitcoiner49er]

Why is it we will triple encrypt our wallets, cold store them in vaults, have paper backups, NEVER allow them to be online because we are paranoid of someone getting access. Yet, we see an OBVIOUS trail from a solo mining farm back to Avalon and someone thinks "Oh, just rich people buying and selling BTC..."  

Can you show the transactions going from a known Avalon address to/from a mining farm? The addresses I just showed don't go to or from any addresses with new coins generated.

https://bitcointalk.org/index.php?topic=227103.msg2945456#msg2945456

[Dougie]

Why is it we will triple encrypt our wallets, cold store them in vaults, have paper backups, NEVER allow them to be online because we are paranoid of someone getting access. Yet, we see an OBVIOUS trail from a solo mining farm back to Avalon and someone thinks "Oh, just rich people buying and selling BTC..."  

Can you show the transactions going from a known Avalon address to/from a mining farm? The addresses I just showed don't go to or from any addresses with new coins generated.

https://bitcointalk.org/index.php?topic=227103.msg2945456#msg2945456

Good detective work. It makes me sad that Avalon would do this.

[powpow]

Why is it we will triple encrypt our wallets, cold store them in vaults, have paper backups, NEVER allow them to be online because we are paranoid of someone getting access. Yet, we see an OBVIOUS trail from a solo mining farm back to Avalon and someone thinks "Oh, just rich people buying and selling BTC..."  

Can you show the transactions going from a known Avalon address to/from a mining farm? The addresses I just showed don't go to or from any addresses with new coins generated.

https://bitcointalk.org/index.php?topic=227103.msg2945456#msg2945456

Damn -- Avalon -- biggest scam ever.

[erk]

Why is it we will triple encrypt our wallets, cold store them in vaults, have paper backups, NEVER allow them to be online because we are paranoid of someone getting access. Yet, we see an OBVIOUS trail from a solo mining farm back to Avalon and someone thinks "Oh, just rich people buying and selling BTC..."  

Can you show the transactions going from a known Avalon address to/from a mining farm? The addresses I just showed don't go to or from any addresses with new coins generated.

https://bitcointalk.org/index.php?topic=227103.msg2945456#msg2945456

Good detective work. It makes me sad that Avalon would do this.

But didn't Avalon originally say they wanted to be a mining farm, and the batch sales were just a side project?

[glendall]

^^^ I don't think so.  As far as I recall, Yifu said that created Avalon to spread hashing power around, and that they were not mining themselves at all, even though it was tempting.

I guess he caved in the end?

[NewLiberty]

Why is it we will triple encrypt our wallets, cold store them in vaults, have paper backups, NEVER allow them to be online because we are paranoid of someone getting access. Yet, we see an OBVIOUS trail from a solo mining farm back to Avalon and someone thinks "Oh, just rich people buying and selling BTC..."  

Can you show the transactions going from a known Avalon address to/from a mining farm? The addresses I just showed don't go to or from any addresses with new coins generated.

https://bitcointalk.org/index.php?topic=227103.msg2945456#msg2945456

Damn -- Avalon -- biggest scam ever.

Or... purchasing from Avalon.

Let us not cast aspersions.  Let it go.

[niko]

It is sad that in August 2013 there still are people who believe that IP addresses on blockchain.info have anything to do with the miner who mined the block.

You don't need Tor, VPNs, or whatever to prevent blockchain.info from publicizing your IP. You simply don't let your node connect to them. The Bitcoin network will do the anonymization for you, at least when it comes to blockchain.info.

[NewLiberty]

It is sad that in August 2013 there still are people who believe that IP addresses on blockchain.info have anything to do with the miner who mined the block.

You don't need Tor, VPNs, or whatever to prevent blockchain.info from publicizing your IP. You simply don't let your node connect to them. The Bitcoin network will do the anonymization for you, at least when it comes to blockchain.info.

And as you might imagine, this miner wishes to remain anonymous.  Chasing after geese is fine if it amuses you, but making accusations of lies against the innocent geese you find along the way while doing so is not part of the game.  Play nice.

[niko]

It is sad that in August 2013 there still are people who believe that IP addresses on blockchain.info have anything to do with the miner who mined the block.

You don't need Tor, VPNs, or whatever to prevent blockchain.info from publicizing your IP. You simply don't let your node connect to them. The Bitcoin network will do the anonymization for you, at least when it comes to blockchain.info.

And as you might imagine, this miner wishes to remain anonymous.  Chasing after geese is fine if it amuses you, but making accusations of lies against the innocent geese you find along the way while doing so is not part of the game.  Play nice.

Exactly. This whole effort is futile, and also leads to unfounded accusations.