Bitcoin Forum
October 23, 2017, 03:16:18 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: When KnCMiner pool switches on 240+ TH/sec will these other pools fold up?  (Read 2850 times)
Batshit
Jr. Member
*
Offline Offline

Activity: 48


View Profile
September 03, 2013, 04:16:45 PM
 #1

I'm a noob, so humor me as I wrap my head around what might happen when the KnCMiner pool switches on.  Only Jupiter machines will be involved.  Each ASIC box capable of .4+ TH/sec.  So figure 600 boxes (my guess is 10% of units sold) all hosted by KnC = 240+ TH/sec round the clock, right?

Metaphorically speaking, that's like 600 Bucyrus RH400 hydraulic shovels vs a few hundred guys with teaspoons.

Thoughts?  Are my numbers way off?  Corrections appreciated.



1508728578
Hero Member
*
Offline Offline

Posts: 1508728578

View Profile Personal Message (Offline)

Ignore
1508728578
Reply with quote  #2

1508728578
Report to moderator
1508728578
Hero Member
*
Offline Offline

Posts: 1508728578

View Profile Personal Message (Offline)

Ignore
1508728578
Reply with quote  #2

1508728578
Report to moderator
1508728578
Hero Member
*
Offline Offline

Posts: 1508728578

View Profile Personal Message (Offline)

Ignore
1508728578
Reply with quote  #2

1508728578
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508728578
Hero Member
*
Offline Offline

Posts: 1508728578

View Profile Personal Message (Offline)

Ignore
1508728578
Reply with quote  #2

1508728578
Report to moderator
1508728578
Hero Member
*
Offline Offline

Posts: 1508728578

View Profile Personal Message (Offline)

Ignore
1508728578
Reply with quote  #2

1508728578
Report to moderator
1508728578
Hero Member
*
Offline Offline

Posts: 1508728578

View Profile Personal Message (Offline)

Ignore
1508728578
Reply with quote  #2

1508728578
Report to moderator
berrycorp
Newbie
*
Offline Offline

Activity: 17


View Profile
September 03, 2013, 04:32:20 PM
 #2

Metaphorically speaking, that's like 600 Bucyrus RH400 hydraulic shovels vs a few hundred guys with teaspoons.

lol
HellDiverUK
Hero Member
*****
Offline Offline

Activity: 602



View Profile
September 03, 2013, 04:39:53 PM
 #3

Never thought in a million years I'd see Ruston-Bucyrus mentioned on a Bitcoin forum.  Shocked

| 
 
50
| 




                       ▄
           ▄▄▄▄▄▄███████
▄▄▄▄█████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████

█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
▀▀▀▀█████  █████████████
           ▀▀▀▀▀▀███████
                       ▀
| 
 
$1,5 M
|


        ▄▄▄█████████▄▄▄
      ▄█████▀▀███▀▀█████▄
    ▄███▀     ███     ▀███▄
   ████       ███       ████
  ███▀                   ▀███
 ███▀                     ▀███
▄██▀       █████████       ▀██▄
███                         ███
███        █████████        ███
███                         ███
▀██▄       █████████       ▄██▀
 ███▄                     ▄███
  ███▄                   ▄███
   ████       ███       ████
    ▀███▄     ███     ▄███▀
      ▀█████▄▄███▄▄█████▀
        ▀▀▀█████████▀▀▀
 
|
 
<>
<>
<>
<>
 
GITHUB
TWITTER
YOUTUBE
FACEBOOK
xstr8guy
Hero Member
*****
Offline Offline

Activity: 784


Glow Stick Dance!


View Profile
September 04, 2013, 11:48:38 AM
 #4

I'm a noob, so humor me as I wrap my head around what might happen when the KnCMiner pool switches on.  Only Jupiter machines will be involved.  Each ASIC box capable of .4+ TH/sec.  So figure 600 boxes (my guess is 10% of units sold) all hosted by KnC = 240+ TH/sec round the clock, right?

Metaphorically speaking, that's like 600 Bucyrus RH400 hydraulic shovels vs a few hundred guys with teaspoons.

Thoughts?  Are my numbers way off?  Corrections appreciated.





If I'm understanding your math correctly, 10% of KnC Jupiters will be hosted?  Then 90% would be mining on other pools, right?

But then you're also not taking into account the 200THs Bitfury private pool, ASICMiner's continued growth (perhaps) and all of the other massive proposed projects and not to mention ASIC sales to individuals.

I don't doubt that there will be some pool shake-ups coming soon but I definitely don't think most of the bigger pools (BTCGuild, 50BTC, etc) will suffer greatly.  I personally would like to see the small and mid-range pools get their share too but I'm not overly optimistic.
byteminr
Full Member
***
Offline Offline

Activity: 192


🌟 COMSA ICO: 10/02/17 🌟


View Profile WWW
September 09, 2013, 02:29:48 PM
 #5

I'm a noob, so humor me as I wrap my head around what might happen when the KnCMiner pool switches on.  Only Jupiter machines will be involved.  Each ASIC box capable of .4+ TH/sec.  So figure 600 boxes (my guess is 10% of units sold) all hosted by KnC = 240+ TH/sec round the clock, right?

Metaphorically speaking, that's like 600 Bucyrus RH400 hydraulic shovels vs a few hundred guys with teaspoons.

Thoughts?  Are my numbers way off?  Corrections appreciated.



There is likely to be some massive swings in the relative sizes of the pools in the coming months. From the end of September to  the mid of Jan there is a heck-of-a-lot of power being added to the network, like never before. KnC do seem like they will be first to add a large amount of hashing power in September and October so expect some large spikes all over the place while it settles down.

After we get through this massive increase in difficulty and hashing rates, the first quarter of next year will be much more sedate. There is just not the demand to keep doubling the network hash rate for the same returns. In my view the coin price needs to rise a lot now to pay back all the investment that's been poured into mining in the past 4 (and next 2) months.


COMSA The ICO Solution for Centralized Businesses to Adopt Blockchain Technologies
▬▬▬▬▬▬▬▬▬▬▬▬▬▌▌  ICO: Oct 2nd until Nov 6th▐▬▬▬▬▬▬▬▬▬▬▬▬▬
■ ■ ■ WebsiteWhitepaperTwitterBlogsRedditFacebook ■  TelegramSlackBitcointalk ■ ■ ■
mjc
Hero Member
*****
Offline Offline

Activity: 588


Available on Kindle


View Profile WWW
September 27, 2013, 04:37:23 AM
 #6

BTCGuild is already over 500 TH.  Coin Terra is delivering 2 PH which will be placed across many pools.  ICE Drill is looking to get 500 TH in Nov.  I think there will be a larger spread across many new pools.

Kindle : Bitcoin Step by Step (2nd Ed) : http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00A1CUQQU
Kindle : Bitcoin Mining Step by Step : http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00A1CUQQU
Facebook :  https://www.facebook.com/BitcoinStepByStep     Twitter : @BitcoinSbS
af_newbie
Legendary
*
Offline Offline

Activity: 1190



View Profile
September 27, 2013, 03:26:58 PM
 #7

ghash.io is already excavating at >200TH, mined over BTC35,000 since July/August.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!