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

[Dougie]

Hi. Sorry for posting this again here but I think it fits under bitcoin discussion and under mining speculation. Maybe with a few more views someone will have an idea of what's going on. Feel free to delete this if you feel it is inappropriate to have posted it twice.

Anyway! I just wondered if anyone had noticed that a lot of the blocks that are relayed through various ip address nodes are actually being mined by the same user:

1BxD2VLE95n7ZeVJSy3uoiJ5WdR72jWj5f

If you have a look they have a lot of bitcoins already and are generating around 4 blocks a day.

Anyone have any idea who this is? More ASIC developers but this time they are keeping them all for themselves?

Quite scary that one person or group has this much power and they are possibly not even on the radar like ASICminer.

[bit777]

Insane.

[JordanL]

Nice. That's not ASICMINER?

[NWO]

This makes me angry..

[Dougie]

This makes me angry..

Why angry? Do you feel it is a threat to bitcoin?

[aceking]

probably is Asciminer

[iANDROID]

Around 5Th/s!

[Dougie]

probably is Asciminer

ASICminer has publically known addresses and pays out dividends whereas this farm is keeping them all at one address. It's almost definitely AN ASIC setup since the alternatives would be ridiculous at this sort of speed but unless they are going against what they said they'd do and share the profits of each part of the company then it's not them.

[rudrigorc2]

A private pool?

[Dougie]

A private pool?

A pool would have transactions going from that address to multiple others though. If it was a private pool owned by some people who are all very trusting of the one account holder to pay when they needed then perhaps. Or some variation on that. Some family members. I feel it's more likely to be one group though.

[rudrigorc2]

you are right, its been a month..

time for some descentralization on mining?  we have a few public pools, some private, now some private groups, and maybe some soloists still trying their luck...

[Dougie]

time for some descentralization on mining?

I guess it is a good thing if it becomes more and more decentalised. We probably don't need to worry too much about them getting too powerful. There are so many reasons why that wouldn't happen. I'll keep an eye out and see if they ever decide to transer any of those coins!

[ShadowOfHarbringer]

you are right, its been a month..

time for some descentralization on mining?  we have a few public pools, some private, now some private groups, and maybe some soloists still trying their luck...

Want decentralization ? Use P2Pool. Convince other people to use P2Pool.

[Remember remember the 5th of November]

Whoever this is, had an initial capital and either purchased OR made himself an ASIC and is reaping his success. Jealous? Yes, I am, but I am neither smart to design my own hardware nor do I have an initial investment to purchase the hardware.

[Dougie]

Whoever this is, had an initial capital and either purchased OR made himself an ASIC and is reaping his success. Jealous? Yes, I am, but I am neither smart to design my own hardware nor do I have an initial investment to purchase the hardware.

Yeah it does seem that way. I just wish I'd had some more money last year to buy a bit more than I did but there's no point wishing your life away.

I'm just surprised whoever it is hasn't been cashing some of it out already. They are clearly not only big investors but also very confident in the bitcoin protocol which is nice.

[counter]

My mind is blown 

[bezzeb]

While definitely jealous and always suspicious of the ASIC suppliers themselves for the mega-cash (like the posted address) they could be making while the products we ordered get old..... 

My biggest question is why this miner is being so blatant about it.  If they made a script to roll a hundred addresses on the hour for example, we would have never found this.

[JordanL]

probably is Asciminer

ASICminer has publically known addresses and pays out dividends whereas this farm is keeping them all at one address. It's almost definitely AN ASIC setup since the alternatives would be ridiculous at this sort of speed but unless they are going against what they said they'd do and share the profits of each part of the company then it's not them.

Course, duh.

One of the other two ASIC companies doing a bit of a "test run" with their customers' hardware, seems like the most likely option.

[Tomatocage]

Its ArtForz.

[Dougie]

Its ArtForz.

What are you basing that on if you don't mind me asking?!