BombaUcigasa
Legendary
 Offline
Activity: 1442
Merit: 1000
|
 |
December 25, 2013, 09:09:27 AM |
|
1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this.  Why? |
|
|
|
|
|
|
|
|
|
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
kalus
Sr. Member
Offline
Activity: 420
Merit: 263
let's make a deal.
|
|
December 25, 2013, 09:11:13 AM |
|
1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this. Why? +1 |
DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
|
|
|
SimonG
Member
Offline
Activity: 84
Merit: 10
|
|
December 25, 2013, 10:27:24 AM |
|
1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this. Why? +1 Isn't that obvious? More hashpower = less earnings because all BTC are divided based on your shares of all total. And if we see a 1200 Mh/s increase, total number of shares will be increased a lot. |
|
|
|
|
dalak
Newbie
Offline
Activity: 35
Merit: 0
|
|
December 25, 2013, 10:34:12 AM |
|
1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this. Why? +1 Isn't that obvious? More hashpower = less earnings because all BTC are divided based on your shares of all total. And if we see a 1200 Mh/s increase, total number of shares will be increased a lot. But an increase in total hashrate will yield more found blocks, no? |
|
|
|
|
|
CaptainBeck
|
|
December 25, 2013, 10:37:42 AM |
|
So the new hashing power isnt going to mine anything then??? they are just going to take up shares with no work??? No, we might get smaller shares but we got a bigger pot.
|
|
|
|
|
|
foodies123
|
|
December 25, 2013, 10:41:15 AM |
|
Yeah hash power is going to keep increasing because hashcows got hacked so everyone is going to haul ass to middlecoin.
|
nope
|
|
|
|
phrozenspite
|
|
December 25, 2013, 10:55:31 AM |
|
1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this. Why? +1 Isn't that obvious? More hashpower = less earnings because all BTC are divided based on your shares of all total. And if we see a 1200 Mh/s increase, total number of shares will be increased a lot. But an increase in total hashrate will yield more found blocks, no? Yeah smaller piece of each block but more blocks found in a day. It balances out |
|
|
|
peterzz
Member
Offline
Activity: 62
Merit: 10
|
|
December 25, 2013, 10:58:07 AM |
|
2M get how much BTC in day?
|
|
|
|
motd2k
Member
Offline
Activity: 81
Merit: 10
|
|
December 25, 2013, 11:05:48 AM |
|
1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this. Why? +1 Isn't that obvious? More hashpower = less earnings because all BTC are divided based on your shares of all total. And if we see a 1200 Mh/s increase, total number of shares will be increased a lot. But an increase in total hashrate will yield more found blocks, no? Yeah smaller piece of each block but more blocks found in a day. It balances out Actually it increases the difficulty in dumping the vastly increased volume of altcoins, so yes, it will reduce profits somewhat. |
|
|
|
|
dalak
Newbie
Offline
Activity: 35
Merit: 0
|
|
December 25, 2013, 11:11:10 AM |
|
1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this. Why? +1 Isn't that obvious? More hashpower = less earnings because all BTC are divided based on your shares of all total. And if we see a 1200 Mh/s increase, total number of shares will be increased a lot. But an increase in total hashrate will yield more found blocks, no? Yeah smaller piece of each block but more blocks found in a day. It balances out Actually it increases the difficulty in dumping the vastly increased volume of altcoins, so yes, it will reduce profits somewhat. Right, but by an entirely different reasoning. It may also reduce profits perhaps because of increased server load resulting in more disconnects etc. Yet we don't know whether these will hold true. These reasons have nothing to with increased number of shares. |
|
|
|
|
motd2k
Member
Offline
Activity: 81
Merit: 10
|
|
December 25, 2013, 11:35:18 AM |
|
For sure, I wasn't being argumentative, just highlighting that as a potential issue with these relatively illiquid coins.
|
|
|
|
|
mishax1
Legendary
Offline
Activity: 2898
Merit: 1017
|
|
December 25, 2013, 11:37:40 AM |
|
1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this. Why? More oraphans will be produced on the weak coins systems. |
|
|
|
|
BombaUcigasa
Legendary
Offline
Activity: 1442
Merit: 1000
|
|
December 25, 2013, 12:07:51 PM |
|
For sure, I wasn't being argumentative, just highlighting that as a potential issue with these relatively illiquid coins.
Luckily there are many coins and buyers for them. Unluckily every switching pool mines DOGE and WDC  |
|
|
|
|
ozoner
Member
Offline
Activity: 96
Merit: 10
|
|
December 25, 2013, 12:13:44 PM |
|
1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this. Why? +1 Isn't that obvious? More hashpower = less earnings because all BTC are divided based on your shares of all total. And if we see a 1200 Mh/s increase, total number of shares will be increased a lot. I think you should need a license to post in this forum. |
|
|
|
jam3zs
Member
Offline
Activity: 70
Merit: 10
|
|
December 25, 2013, 12:48:22 PM |
|
I think that if more people mine the same coin, it becomes less valuable because the market becomes saturated and therefore profits are reduced. (That's just my understanding of it, I'm not claiming to be an expert or anything) If you go to page 1, even H2o says: You should show the current mined coin.
Unfortunately I think that showing the current coin would make a bunch of people switch to mining that, lowering our profits. I have toyed with the idea of giving coins aliases. I might do that. If you can think of any ways to give miners more information, without spilling the beans on the coins, let me know. So by this logic, more users = less profit, correct? or am I misunderstanding? |
|
|
|
|
|
phrozenspite
|
|
December 25, 2013, 12:51:13 PM |
|
I think that if more people mine the same coin, it becomes less valuable because the market becomes saturated and therefore profits are reduced. (That's just my understanding of it, I'm not claiming to be an expert or anything) If you go to page 1, even H2o says: You should show the current mined coin.
Unfortunately I think that showing the current coin would make a bunch of people switch to mining that, lowering our profits. I have toyed with the idea of giving coins aliases. I might do that. If you can think of any ways to give miners more information, without spilling the beans on the coins, let me know. So by this logic, more users = less profit, correct? or am I misunderstanding? More hash rate to compete with us is what he meant. If someone else is finding the blocks it does us no good |
|
|
|
bal3wolf
Sr. Member
Offline
Activity: 476
Merit: 250
Power to the people!
|
|
December 25, 2013, 01:13:30 PM |
|
|
|
|
|
|
Gamer67
Sr. Member
Offline
Activity: 294
Merit: 250
тσ ¢σιи σя иσт тσ ¢σιи?
|
|
December 25, 2013, 01:22:59 PM |
|
Nothing to worry about there. That is par for the course with this pool. You don't have many. |
"I am not Dorian Nakamoto."
|
|
|
|
hak8or
|
|
December 25, 2013, 01:28:06 PM |
|
What program are you using, if I may ask? |
|
|
|
|
Gamer67
Sr. Member
Offline
Activity: 294
Merit: 250
тσ ¢σιи σя иσт тσ ¢σιи?
|
|
December 25, 2013, 01:30:23 PM |
|
|
"I am not Dorian Nakamoto."
|
|
|
|
