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Run of Bad luck or the new standard - Bitcoins.lc
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Topic: Run of Bad luck or the new standard - Bitcoins.lc (Read 1083 times)
JBDive
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Run of Bad luck or the new standard - Bitcoins.lc
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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Re: Run of Bad luck or the new standard - Bitcoins.lc
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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Graet
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Re: Run of Bad luck or the new standard - Bitcoins.lc
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.
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JBDive
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Re: Run of Bad luck or the new standard - Bitcoins.lc
August 06, 2011, 01:07:55 AM
#4
Quote from: Graet on August 06, 2011, 01:03:50 AM
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.
I missed that. I didn't think we were due yet.
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Re: Run of Bad luck or the new standard - Bitcoins.lc
August 06, 2011, 01:36:43 AM
#5
Quote from: Graet on August 06, 2011, 01:03:50 AM
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.
Minor difficulty increase = major income decrease
Yea makes sense...
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Re: Run of Bad luck or the new standard - Bitcoins.lc
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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