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Author Topic: Run of Bad luck or the new standard - Bitcoins.lc  (Read 846 times)
JBDive
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August 06, 2011, 12:12:17 AM
 #1

Man I have been looking at the rounds for the past few days and where you use to see rounds at Bitcoins.lc go a couple of hours maybe the past 4 have sucked, 7, 11, 7, 10 hours. Is there where mining is headed and if so at these prices who will stick around or will everyone end up a Deep?
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Oldminer
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August 06, 2011, 12:16:23 AM
 #2

Lots of pools (at least the big ones) are having poor block results lately. Some say its bad luck but I find that highly coincidental. I doubt the pools are holding out on the miners though as that would require a lot of collusion. Hmm...

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August 06, 2011, 01:03:50 AM
 #3

difficulty went up "a couple of days ago" - no coincidence, does it fairly regularly.
I expect longer rounds when difficulty increases.
I'd even go so far as to say thats how the bitcoin network was designed to work. Smiley



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JBDive
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August 06, 2011, 01:07:55 AM
 #4

difficulty went up "a couple of days ago" - no coincidence, does it fairly regularly.
I expect longer rounds when difficulty increases.
I'd even go so far as to say thats how the bitcoin network was designed to work. Smiley




I missed that. I didn't think we were due yet.
Oldminer
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August 06, 2011, 01:36:43 AM
 #5

difficulty went up "a couple of days ago" - no coincidence, does it fairly regularly.
I expect longer rounds when difficulty increases.
I'd even go so far as to say thats how the bitcoin network was designed to work. Smiley




Minor difficulty increase = major income decrease

Yea makes sense...

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Jack of Diamonds
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August 06, 2011, 04:28:05 AM
 #6

I gave up on smaller pools. At ~2M and rising difficulty and current prices the variance is unbearable.

I'm only mining at either PPS pools or deepbit now. I'll gladly pay 2-3% for the lack of variance.

1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
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