Bitcoin Forum
May 12, 2024, 05:41:21 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Run of Bad luck or the new standard - Bitcoins.lc  (Read 1083 times)
JBDive (OP)
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
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?
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Oldminer
Legendary
*
Offline Offline

Activity: 1022
Merit: 1001



View Profile
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...

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
Graet
VIP
Legendary
*
Offline Offline

Activity: 980
Merit: 1001



View Profile WWW
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



| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
JBDive (OP)
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
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
Legendary
*
Offline Offline

Activity: 1022
Merit: 1001



View Profile
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...

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
Jack of Diamonds
Sr. Member
****
Offline Offline

Activity: 252
Merit: 251



View Profile
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
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!