Drop in Network Hashrate

[Subo1977]

Why so a big drop in HR?

[spiral_mind]

Avalon got caught running their own private mining operation with customers' pre-order units and had to stop.

[vom]

Shhhhh...  I'm liking the current next diff. estimate just like it is.   

[rayfloyd]

Avalon got caught running their own private mining operation with customers' pre-order units and had to stop.

Source pl0x

[Perseus353]

http://www.reddit.com/r/Bitcoin/comments/1gia09/avalon_is_officially_mining_with_customers_asics/

[Perseus353]

https://bitcointalk.org/index.php?topic=236348.0;all

[crazyates]

Wow. That sucks. Well the drop in diff is alright, but Avalon was supposed to be "the honest one". Just goes to show you can't trust anyone.

[wpgdeez]

The drop didn't last long
Hash Rate    149,010.76 GH/s

[lazydna]

600 Avalon batch 3 coming online now 36theta + 20theta from asicminer. 56 theta soon, so diff is going to sky rocket again.

[wpgdeez]

Mining officially sucks. It is just a rich person game now. Goes against everything Bitcoin stands for. Feel so suckered, glad I only bought 2 ASIC miner blades. They can rot in hell with their greedy overpriced crap.

[Bitcoinorama]

Also BFL, 'just happen' on have created and shipped 500Gh/s units in batches of three for the Minirig customers. There was no announcement to as and when they first created them...that was probably a great little mining gig they've had for a while!

[os2sam]

Mining officially sucks. It is just a rich person game now. Goes against everything Bitcoin stands for. Feel so suckered, glad I only bought 2 ASIC miner blades. They can rot in hell with their greedy overpriced crap.

Cry me a river.  I'm really tired of this cry baby attitude.

With two ASIC Miner Blades you have more hash rate than I do and maybe more than I ever will.  So in the bitcoin world that makes you rich if you ask me.

I'm sure you could sell your blades for a profit and move on to something else that's within your tolerance level.

[meowmeowbrowncow]

Class warfare isn't so bad.  After all - it's not like we are looking after each other's interests.


That's each parties' responsibility.  I think what we are fighting for is equal representation, consideration - equality - at least in how honestly business is conducted and the avoidance of price gouging.



Bearish short term.  Next gen of chips will change the game.  But the stabilized hashrate in a few months will be the real game changer. 


Petabit hashrate - Feb '14.


BFL and Avalon might be the safe bet now - but I believe bitfury and it's very low power req's is a solution targeted for many months from now.


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