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Author Topic: Who is mining namecoins and why?  (Read 9873 times)
doublec
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July 10, 2011, 04:29:23 AM
 #41

It'll be interesting to see what effect the upcoming bitcoin/namecoin cross mining changes will have on price and difficulty.
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July 10, 2011, 04:31:53 AM
 #42


Come to think of it, if the US government wanted to kill bitcoin today that'd be the way to do it.  Ask the NSA to switch their cracking lab to mining for a few hours over a weekend, rack the difficulty up to say 20-30 million and bitcoin is history.  The fact that it hasn't been done proves to me that the US gov't, at least, is utterly unconcerned with bitcoin.



I don't think the NSA has enough money for that or GPUs currently available. The difficulty can also only increase 4x per increment.

Since when was there a limit on the increase per difficulty adjustment? I thought it was proportional to the time allotted of 2 weeks, 6 blocks per hour...

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July 10, 2011, 04:33:41 AM
 #43

It'll be interesting to see what effect the upcoming bitcoin/namecoin cross mining changes will have on price and difficulty.

Indeed...

The highest hashing rate I have seen on your pool Chris was about 300Gh/s. What on your end does it show is the highest your pool has been at?

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doublec
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July 10, 2011, 04:36:18 AM
 #44

The highest hashing rate I have seen on your pool Chris was about 300Gh/s. What on your end does it show is the highest your pool has been at?
About 305Gh/s. It's about 1/5th of that now.
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July 10, 2011, 04:41:07 AM
 #45

The highest hashing rate I have seen on your pool Chris was about 300Gh/s. What on your end does it show is the highest your pool has been at?
About 305Gh/s. It's about 1/5th of that now.

You ready with the proper server equipment to handle the rush? I suspect you will see >1000 GH/s this time around on your pool alone. But I could be wrong, I'm just going on the potential GH/s we have out there already and assuming that less than 1/10th of it comes to NMC even for a few days.

Your thoughts?

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July 10, 2011, 04:49:02 AM
 #46

You ready with the proper server equipment to handle the rush? I suspect you will see >1000 GH/s this time around on your pool alone. But I could be wrong, I'm just going on the potential GH/s we have out there already and assuming that less than 1/10th of it comes to NMC even for a few days.
It's been running on a dedicated server for a while now, and handled 250+ fine when I switched to it from the old VPS I was using before. I don't think we'll see 300+ again personally. I think the namecoin/bitcoin price ratio will adjust much faster than in previous times when few knew about it.
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July 10, 2011, 06:05:06 AM
 #47

Since when was there a limit on the increase per difficulty adjustment? I thought it was proportional to the time allotted of 2 weeks, 6 blocks per hour...

Just look at the previous nmc difficulty increases; one was going to be something like 5-6x but in the end it was 4x exactly due to the limit.
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July 10, 2011, 06:06:31 AM
 #48


Come to think of it, if the US government wanted to kill bitcoin today that'd be the way to do it.  Ask the NSA to switch their cracking lab to mining for a few hours over a weekend, rack the difficulty up to say 20-30 million and bitcoin is history.  The fact that it hasn't been done proves to me that the US gov't, at least, is utterly unconcerned with bitcoin.



I don't think the NSA has enough money for that or GPUs currently available. The difficulty can also only increase 4x per increment.

Since when was there a limit on the increase per difficulty adjustment? I thought it was proportional to the time allotted of 2 weeks, 6 blocks per hour...

Since it was put in the source code at the beginning of time?
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July 10, 2011, 08:14:32 PM
 #49

Honestly I was just asking. You don't have to be a jack-wagon.

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July 10, 2011, 08:21:14 PM
 #50

I think there will be a rush on namecoin but not as big as we might think.
After all, namecoin isn't accepted that much yet.
probably some of the miners will stay a bit longer on namecoin, which
would plane the diffculty.
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July 11, 2011, 07:02:08 AM
 #51

people will jump to and fro based on profitability, i'm sure there is some people that will just stick with it, but its just common sense to go where the money is.
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July 11, 2011, 07:12:35 AM
 #52

Honestly I was just asking. You don't have to be a jack-wagon.

I don't have to be anything, I just am, I'm a guy with a computer.
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July 11, 2011, 10:47:17 AM
 #53

Honestly I was just asking. You don't have to be a jack-wagon.

I don't have to be anything, I just am, I'm a guy with a computer.

You forgot attitude on your list.

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July 25, 2011, 06:59:39 PM
 #54

You ready with the proper server equipment to handle the rush? I suspect you will see >1000 GH/s this time around on your pool alone. But I could be wrong, I'm just going on the potential GH/s we have out there already and assuming that less than 1/10th of it comes to NMC even for a few days.
It's been running on a dedicated server for a while now, and handled 250+ fine when I switched to it from the old VPS I was using before. I don't think we'll see 300+ again personally. I think the namecoin/bitcoin price ratio will adjust much faster than in previous times when few knew about it.

I guess I was right. I seen your pool go up to 330 GH/s during the last difficulty change.

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June 03, 2014, 05:11:37 AM
 #55

Wow, who knew Namecoin had been around for so long? Well probably a lot of you.

I just thought I'd dig up this random thread from almost 3 years ago.

Namecoin continues to suffer similar problems but sits steadfastly at #8 market cap of $20.7 mil... Not too shabby.

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June 03, 2014, 08:55:59 AM
 #56

namecoin and .bit domains are really dead

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June 03, 2014, 09:58:20 AM
 #57

I am mining Namecoins

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