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Blackmet
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January 13, 2014, 01:56:13 AM |
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I am still trying to figure out if the nethasrate at 460mh/s because its being mined or is it some kind of adjustment that is taking place?
Looks like an adjustment. The hashrate is too big to be switched on in a few seconds and too random to be managed by a human being. Looks like these are PoS surprises. |
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Nullu
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January 13, 2014, 02:06:38 AM |
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Bit the bullet and bought in with the rest of my nut at 9-12 satoshi an hour or so ago.
I think it was a good call, but obviously it's early days. I'm happy with my investment, and I can't wait until I see the first PoS come through. It would seem that way…I could get out right now and double my money. Big buy order at 18…nearest sell wall at 50. I'm holding though. It took days to accumulate what I have now at a good price…and I think that GRA is undervalued at 20 satoshi. What kind of interest does the PoS pay? And is it really interest, or is it a type of mined coin that comes out of the total? 5% I think. You get grain. Think of it like compound interest. |
BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
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buddynuno
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January 13, 2014, 02:13:56 AM
Last edit: January 13, 2014, 02:24:52 AM by buddynuno |
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I am still trying to figure out if the nethasrate at 460mh/s because its being mined or is it some kind of adjustment that is taking place?
Looks like an adjustment. The hashrate is too big to be switched on in a few seconds and too random to be managed by a human being. Looks like these are PoS surprises.  Ok. So who is getting all those blocks beside the miners at http://gra.forkpool.com and http://gra.livechains.net ? |
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mkimid
Sr. Member
 Offline
Activity: 336
Merit: 250
Have A Nice Day
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January 13, 2014, 02:47:50 AM |
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I am still trying to figure out if the nethasrate at 460mh/s because its being mined or is it some kind of adjustment that is taking place?
Looks like an adjustment. The hashrate is too big to be switched on in a few seconds and too random to be managed by a human being. Looks like these are PoS surprises. Each persons who is in mining, the most of missing blocks are the PoS block. |
Have a nice day
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btc1210
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January 13, 2014, 03:09:32 AM |
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Net hash rate: 1543 Mh/s
uhh....
Something is definitely broken.
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heskey
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January 13, 2014, 03:12:48 AM |
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██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████ |
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damnation
Member
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Activity: 98
Merit: 10
https://bitcointalk.org/index.php?topic=434996.0
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January 13, 2014, 03:20:53 AM |
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Net hash rate: 1543 Mh/s
uhh....
Something is definitely broken.
i have a feeling we just got tagged by a multipool or bot.. probably saw the rise in price and decided to invest.. |
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btc1210
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January 13, 2014, 03:29:00 AM |
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Net hash rate: 1543 Mh/s
uhh....
Something is definitely broken.
i have a feeling we just got tagged by a multipool or bot.. probably saw the rise in price and decided to invest.. Or maybe the PoS is messing up the PoW. It's not profitable at this price/difficulty so it would be strange for a large farm to mine it now. |
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rentarocker
Member
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Activity: 112
Merit: 10
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January 13, 2014, 03:36:54 AM |
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Perhaps a solo miner with a hash farm? Anyone looking towards the future of GRA would be wise to get as much as possible now while the difficulty is still low relative to the (potential) rewards…if I had the ability to dump that kind of hash into GRA I would. Look at the sell book…don't see big numbers until 100 satoshi. People are holding.
...Anyone have any idea what the break even price for mining GRA would be at present difficulty?
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BTC: 17Z1au1T1f8B4XhFQXeuibKbRmWow6FyvP
LTC: Lf7QWUDC57WnRf5gEcutdHwrXvYRoqaQYU
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buddynuno
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January 13, 2014, 03:43:16 AM |
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Guys i really think Chinaman is farming and buying GRA. I am trying to find a leak!!! SPECULATION WOW  |
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btc1210
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January 13, 2014, 03:57:58 AM |
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...Anyone have any idea what the break even price for mining GRA would be at present difficulty?
Break even in terms of what? Cost of electricity? Cost of hardware? To make it the same as the current top coins? 1 mh/s will give you around 2,000 GRA or 0.0004 BTC per day at the current difficulty. The top 3 coins average at 0.00806 BTC per day, 20x more than GRA. To meet that price, GRA would have to be selling for 0.00004030 BTC or 4,030 satoshi. It's currently around 20 satoshi with very little volume, and GRA doesn't have any use yet so it doesn't have the demand of those top coins.
This is why I doubt it's a big farm. It would be far more profitable to pick any other coin to mine right now. |
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damnation
Member
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Activity: 98
Merit: 10
https://bitcointalk.org/index.php?topic=434996.0
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January 13, 2014, 04:23:07 AM |
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oh ok.. i tht the difficulty was a result of the the mining...
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cryptomining
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January 13, 2014, 04:30:29 AM |
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oh ok.. i tht the difficulty was a result of the the mining...
PoS is mining this coin well. Buy up the cheap grain and mine PoS. |
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bosian (OP)
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January 13, 2014, 04:55:41 AM |
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We offer 200K GRAs bounty each for shops, services or games that accept GRA!
Please spread your words and get GRA to as many shops/services/games as possible!
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JL0z
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January 13, 2014, 05:50:33 AM |
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Does anyone know where the GRA hashrate is going? It seems to be 400Mh+ but forkpool is barely getting any blocks.
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Blackmet
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January 13, 2014, 05:55:35 AM |
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We offer 200K GRAs bounty each for shops, services or games that accept GRA!
Please spread your words and get GRA to as many shops/services/games as possible!
Are there any plans concerning fixing the problem with PoS blocks raising the actual mining difficulty? |
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rmindel
Member
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Activity: 73
Merit: 10
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January 13, 2014, 06:46:57 AM |
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I went over the last 100 block in the block chain explorer, most of them are PoS blocks, and the PoW blocks are all the pool's,
So there's no big farm because it would show a lot of PoW blocks that don't belong to any of the pools...
It's just the issue with the targeting system, that PoS block affect the difficulty of PoW blocks...
In the mean time - pools are dropping, if the net hash was 60-70 M/h now both the pools combined are 45 M/h and i see no reason to solo mine when block time is ~5 mins now instead of 30 secs
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JL0z
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January 13, 2014, 07:31:14 AM |
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I went over the last 100 block in the block chain explorer, most of them are PoS blocks, and the PoW blocks are all the pool's,
So there's no big farm because it would show a lot of PoW blocks that don't belong to any of the pools...
It's just the issue with the targeting system, that PoS block affect the difficulty of PoW blocks...
In the mean time - pools are dropping, if the net hash was 60-70 M/h now both the pools combined are 45 M/h and i see no reason to solo mine when block time is ~5 mins now instead of 30 secs
Thanks! The last sentence, are you saying we should or shouldn't solo mine? |
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rmindel
Member
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Activity: 73
Merit: 10
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January 13, 2014, 08:19:43 AM |
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I went over the last 100 block in the block chain explorer, most of them are PoS blocks, and the PoW blocks are all the pool's,
So there's no big farm because it would show a lot of PoW blocks that don't belong to any of the pools...
It's just the issue with the targeting system, that PoS block affect the difficulty of PoW blocks...
In the mean time - pools are dropping, if the net hash was 60-70 M/h now both the pools combined are 45 M/h and i see no reason to solo mine when block time is ~5 mins now instead of 30 secs
Thanks! The last sentence, are you saying we should or shouldn't solo mine? I just thought about it some more, PoS blocks and nethash that comes from PoS only affect the difficulty (and block time in turn), but the distribution of block between miners should stay the same IMO, so i guess solo mining is still a valid option, it will just take longer because of the ~5 mins block time, but the pools have the same issue so either option is valid hope it would be fixed or looked into soon, i stopped solo mining for now because of the long block time :/ |
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