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Author Topic: who is this unknown "20% of the network??  (Read 2239 times)
thefunkybits (OP)
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August 26, 2013, 08:38:36 AM
Last edit: September 06, 2013, 05:20:56 AM by thefunkybits
 #1

This kind of distribution cant be healthy for the network for any period of time.
If that rig went down for any period of time transactions would be insanely slow for a while, but eventually the network would catch up and carry on.

Anyone have any guesses as to who this unknown is?

http://blockchain.info/pools

crazyates
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August 26, 2013, 10:01:37 AM
 #2

https://bitcointalk.org/index.php?topic=123726.0

Tips? 1crazy8pMqgwJ7tX7ZPZmyPwFbc6xZKM9
Previous Trade History - Sale Thread
Frizz23
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August 26, 2013, 10:22:33 AM
 #3

This kind of distribution cant be healthy for the network for any period of time.
If that rig went down for any period of time transactions would be insanely slow for a while, but eventually the network would catch up and carry on.

Anyone have any guesses as to who this unknown is? I have a hunch that its BFL.

a) "Unknown" is rapidly growing (almost 25% at the moment).
b) https://ghash.io/ is rapidly growing.

1 + 1 = ?  Wink

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xxjs
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August 26, 2013, 10:38:20 AM
 #4

This kind of distribution cant be healthy for the network for any period of time.
If that rig went down for any period of time transactions would be insanely slow for a while, but eventually the network would catch up and carry on.

Anyone have any guesses as to who this unknown is? I have a hunch that its BFL.

a) "Unknown" is rapidly growing (almost 25% at the moment).
b) https://ghash.io/ is rapidly growing.

1 + 1 = ?  Wink

We don't know who the unknown is. That is rational, pure logic, you don't get it better than that.
Trongersoll
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August 27, 2013, 12:55:11 AM
 #5

How many times is this going to come up. Unknown is all unidentified entities. If you solo mine, you are Unknown. If you have a private pool for you and your friends, you are Unknown. It is not one person or group, although some of the people in Unknown may be large miners.
bcp19
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August 27, 2013, 02:05:53 AM
 #6

This kind of distribution cant be healthy for the network for any period of time.
If that rig went down for any period of time transactions would be insanely slow for a while, but eventually the network would catch up and carry on.

Anyone have any guesses as to who this unknown is? I have a hunch that its BFL.

a) "Unknown" is rapidly growing (almost 25% at the moment).
b) https://ghash.io/ is rapidly growing.

1 + 1 = ?  Wink
Seems unlikely... Since Aug 8 the 'unknown' have only climbed from 70TH to ~104.5TH  Are we to believe 65TH of unknowns went to pools so the entire unknown is BitFury?

I do not suffer fools gladly... "Captain!  We're surrounded!"
I embrace my inner Kool-Aid.
gmaxwell
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August 27, 2013, 03:05:14 AM
 #7

"Unknown" is the good part of the network, the part that isn't centralized all to hell and a tremendous liability. It includes me and many other knowledgeable miners who care about decentralization and not just finding the quickest way to make mining fast.
TooDumbForBitcoin
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August 27, 2013, 04:53:55 AM
 #8

Back in May or whenever, when 0.8 caused a fork from backwards incompatibility, or whatever, wasn't it the evil centralized pool(s) who saved the chain by overtaking the fork and outracing the heroic uncentralized individualists?






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bitfury
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August 27, 2013, 05:39:26 PM
 #9

That are our chips of course!

Owners of ghash.io (guys who created this pool for us) said that they sent support ticket to block chain, but ghash.io is not added.

I think it's pretty dumb not to have pool that will be N1 (now we're N2) pool soon to charts. It is right now 100 TH/s - and only some of earlier customers got their devices. Soon when we'll send out all of the devices, if people wish it may add up another 170 TH/s. Khm... it's pretty dumb to ignore this moment, as charts becomes not informing.

http://blockchain.info/ru/address/1CjPR7Z5ZSyWk6WtXvSFgkptmpoi4UM9BC

It is even easier to track these blocks by wallet, than with IP address. They're not hiding master wallet.

So if this can be pushed forward - it would be nice.
Trongersoll
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August 27, 2013, 06:03:42 PM
 #10

Bitfury, your pool is shown: http://blockorigin.pfoe.be/chart.php
bitfury
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August 27, 2013, 06:09:40 PM
 #11

Bitfury, your pool is shown: http://blockorigin.pfoe.be/chart.php

Yes yes... But it's bigger than shown there - certainly bigger than 50btc as stats is for last 2016 blocks and ghash is growing much faster than that...

And blockchain.info is not showing it!
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September 04, 2013, 05:01:12 AM
 #12

Bitfury, your pool is shown: http://blockorigin.pfoe.be/chart.php

Yes yes... But it's bigger than shown there - certainly bigger than 50btc as stats is for last 2016 blocks and ghash is growing much faster than that...

And blockchain.info is not showing it!


Still not right. All the bitfury blocks are defaulting to deepbit (unlabelled ones) on blockchain.info. Very strange that they are not resolving this as it is a fantastically accurate site on most bitcoin blockchain matters, except the pool info!

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September 04, 2013, 10:43:07 AM
 #13

120+ tera of unknown, cool
bcp19
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September 04, 2013, 11:29:40 AM
 #14

That are our chips of course!

Owners of ghash.io (guys who created this pool for us) said that they sent support ticket to block chain, but ghash.io is not added.

I think it's pretty dumb not to have pool that will be N1 (now we're N2) pool soon to charts. It is right now 100 TH/s - and only some of earlier customers got their devices. Soon when we'll send out all of the devices, if people wish it may add up another 170 TH/s. Khm... it's pretty dumb to ignore this moment, as charts becomes not informing.

http://blockchain.info/ru/address/1CjPR7Z5ZSyWk6WtXvSFgkptmpoi4UM9BC

It is even easier to track these blocks by wallet, than with IP address. They're not hiding master wallet.

So if this can be pushed forward - it would be nice.

If you look at Deepbit's numbers, you will see Bitfury is added to theirs.  How else would a pool rated at 1.5TH be shown as 20% of the network?

I do not suffer fools gladly... "Captain!  We're surrounded!"
I embrace my inner Kool-Aid.
thy
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September 05, 2013, 03:23:27 PM
 #15

This kind of distribution cant be healthy for the network for any period of time.
If that rig went down for any period of time transactions would be insanely slow for a while, but eventually the network would catch up and carry on.

Anyone have any guesses as to who this unknown is? I have a hunch that its BFL.

http://blockchain.info/pools


I think BitFury is said to mine at around 2 times ASICMINERS hashrate a while ago when ASICMINER was at 10% or so, so maby 20%+ or so at the moment in the unknown might be from Bitfury if thats true. They have asked blockchain to add there pool to the list i read in some other post but looks like blockchain haven't added them yet

likeBTC
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September 05, 2013, 07:30:01 PM
 #16

could that be these mining HW companies secretly mining from customer HW ?

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bcp19
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September 05, 2013, 08:13:41 PM
 #17

could that be these mining HW companies secretly mining from customer HW ?
This has only been debunked about 50 times in the past, but hey, it COULD happen, right?Huh? Roll Eyes

The OP really needs to be changed to "Who would benefit the MOST from being part of the 20% unknowns?"  Your answer would then become the people who have enough hashing power to make more money from blocks found than they could from a pool.

Found blocks reward success.  Pools reward effort.  On BTCGuild, #1 has 16,982,444,648 shares and 2176 found blocks.  7,804,432 paid shares per found block.  #2 has 5,647,070,017 and 379 found blocks.  14,899,920 paid shares per found block.  #2 is getting paid for almost 2x as many shares as #1 is for each block they find.  Maybe #1 is an altruist and likes everyone to get a share. <shrug>

I do not suffer fools gladly... "Captain!  We're surrounded!"
I embrace my inner Kool-Aid.
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September 09, 2013, 02:45:40 AM
 #18

I think there's only about ~5% unknown right now. The following charts are mostly based on pool data (including data from GHash.IO):




Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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