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

[zackclark70]

there is a user on this forum that has 10th in his garage so it could be him lol

[Chronikka]

I'm just speculating and probably saying what a lot of people may have already said but I wouldn't be surprised if this was BFL mining with their customers hardware. They could easily have their mini-rigs setup and running in a warehouse collecting BTC. When the difficulty gets too high in another 2 months or so(October), their problems will miraculously be "solved" and they will start hitting that quoted 300 units a day shipping estimate as they drop all the hardware.

[juca]

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.

is there any benefit to use a "normal" pool, instead of p2pool?

[bg002h]

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.

This was normal a few years ago...it's an artifact of a still small network (small number of asics, that is).  When I did better than this with my laptop, I didn't think it was scary or bad...I was supporting the network.

[Phinnaeus Gage]

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.

There is no way in hell that this stems from BFL, because that address' first transaction occurred on April 6, 2013: http://online.wsj.com/article/Corrections.html

If you recall, BFL didn't ship the Luke Unit till April 1, 2013, 5 days later, thus by maths it's utterly impossible to accuse BFL in any wrongdoing.

Somebody double check my work to see if I'm indeed correct, even though I've yet to make a mistake on this forum.

[threeip]

Makes sense to me Phinnaeus.

Who then had the hashpower pre-BFL to do this?

[Chronikka]

Look more closely at the time stamps on the transactions at that address. Some of them are a week apart early on. So the payouts (and hence solved blocks) were relatively sporadic until around May 28th. After that payouts were much more frequent (3-4 a day).

It begins April 6th with one block. Then April 8th they had 3 blocks, April 10th they had 2. Then between April 11th and May 27th (46 days) only 15 transactions to that address. It could have been early testing followed by full mining beginning late May

[zackclark70]

Look more closely at the time stamps on the transactions at that address. Some of them are a week apart early on. So the payouts (and hence solved blocks) were relatively sporadic until around May 28th. After that payouts were much more frequent (3-4 a day).

It begins April 6th with one block. Then April 8th they had 3 blocks, April 10th they had 2. Then between April 11th and May 27th (46 days) only 15 transactions to that address. It could have been early testing followed by full mining beginning late May

as I have already said there is a user on this forum with 10th in his garage so it could easaly be them

[Moogle]

Pretty impressive farm!! Maybe an ASIC miner reseller mining on unbouggt stock.

[Super-Magician]

From tx 5edd86ee3608121acdd1014eeb3facd5c2e802cabe70925261ac02bcd3b299bc, this is almost certainly Avalon.