binaryFate
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Activity: 1484
Merit: 1003
Still wild and free
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August 26, 2013, 11:48:27 AM |
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I'll make a speculation: the drop of hashrate these last days was due to moving hardware, maybe to a new location, maybe some internal re-organization.
This was required in order to scale the farm up. Now we start to see the result: additional hardware is on!
It shall be confirmed in the next 24~48h, but I think we may be significantly above 60TH/s this time, maybe 80 or even higher.
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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romerun
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Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
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August 26, 2013, 12:26:19 PM |
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I'd like to see it at least 200TH, coz bitfury, yet another new comer is putting up 90TH as of right now.
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binaryFate
Legendary
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Activity: 1484
Merit: 1003
Still wild and free
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August 26, 2013, 12:28:26 PM |
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I'd like to see it at least 200TH, coz bitfury, yet another new comer is putting up 90TH as of right now.
That would give AM above 30% of the hash rate, a bit too much right now. I'm a shareholder but I'm also concerned with bitcoin sufficient decentralization. |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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Zubilica
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August 26, 2013, 12:56:25 PM |
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I'd like to see it at least 200TH, coz bitfury, yet another new comer is putting up 90TH as of right now.
That would give AM above 30% of the hash rate, a bit too much right now. I'm a shareholder but I'm also concerned with bitcoin sufficient decentralization. 25-27% is fine by me , but more is concerning. Imagine 2 companies mines mining each at 31% of Network. And one will fail to mine, due to unforeseen facts, DDoS, power , internal failures , tsunami, etc This is a classic unintended 50+ attack of the network, bad for business , Bitcoin may fail. |
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binaryFate
Legendary
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Activity: 1484
Merit: 1003
Still wild and free
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August 26, 2013, 01:00:55 PM |
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I'd like to see it at least 200TH, coz bitfury, yet another new comer is putting up 90TH as of right now.
That would give AM above 30% of the hash rate, a bit too much right now. I'm a shareholder but I'm also concerned with bitcoin sufficient decentralization. 25-27% is fine by me , but more is concerning. Imagine 2 companies mines mining each at 31% of Network. And one will fail to mine, due to unforeseen facts, DDoS, power , internal failures , tsunami, etc This is a classic unintended 50+ attack of the network, bad for business , Bitcoin may fail. This is unrealistic and if you expect this you'll be disappointed. AM stated it will hold 10% on average. |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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Zubilica
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August 26, 2013, 01:37:36 PM |
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well atm it looks like 15-17%.
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velacreations (OP)
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August 26, 2013, 01:42:20 PM |
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well atm it looks like 15-17%.
no, atm it is 6% |
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dexX7
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Activity: 1106
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August 26, 2013, 01:42:52 PM |
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well atm it looks like 15-17%.
no, atm it is 6% This is based on the last 36 hours average. |
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velacreations (OP)
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August 26, 2013, 01:47:14 PM |
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well atm it looks like 15-17%.
no, atm it is 6% This is based on the last 36 hours average. which is the minimum time frame to make an accurate estimate. Zubilica is making an estimate based on 12 or 6 hours estimates, which are highly inaccurate. I've seen the 6 hour over 100 TH/s many times, and AM's hash rate has never actually been over 60 TH/s I think it is unwise to say the hash rate is 15%, if you are using the 12 or 6 hours estimate as your basis. You'll be disappointed. |
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velacreations (OP)
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August 26, 2013, 02:08:57 PM |
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I posted this on the other discussion, but it is more appropriate here. This is a screenshot from Aug 20, 2013. Notice the 6 hour estimate. Now, go look at our historical hash rates. We never got above 60 TH/s, even though the 6 hour showed a huge jump.  |
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romerun
Legendary
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Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
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August 26, 2013, 02:37:14 PM |
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betsofbitcoin pool ?
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Zubilica
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August 26, 2013, 03:39:14 PM |
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Time will tell, anyhow i predict over 60 TH
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velacreations (OP)
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August 26, 2013, 05:26:40 PM |
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so, what does this mean:  |
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VeeMiner
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August 26, 2013, 06:00:46 PM |
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It means that the average hash rate in last 6 hours was 52.3 Thash/s  |
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velacreations (OP)
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August 26, 2013, 06:03:04 PM |
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It means that the average hash rate in last 6 hours was 52.3 Thash/s You, sir, have an excellent grasp of the obvious.  |
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VeeMiner
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August 26, 2013, 06:07:36 PM |
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It means that the average hash rate in last 6 hours was 52.3 Thash/s You, sir, have an excellent grasp of the obvious. you have just reminded me:  |
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velacreations (OP)
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August 26, 2013, 06:40:28 PM |
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that was awesome! my computer screen is now covered with coffee...  |
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ianp
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August 26, 2013, 06:50:14 PM |
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The reality is that AM is likely hashing at around 45 th/s, give or take a bit. Have a look at this: http://www.dpcapital.net/blockchain/?hours=120,96,72,48,24You can extrapolate that further and see that it's likely that AM hasn't added any additional hashing power for some time (one month+.) They've been hashing around 45-50 th/s for at least that long. |
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weaknesswaran
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August 27, 2013, 12:05:42 PM |
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Will we see sub 2.00 if dividens are even lower this week?
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Franktank
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August 27, 2013, 12:51:08 PM |
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Will we see sub 2.00 if dividens are even lower this week?
If we do, I might have to take out my life savings to buy more  |
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