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Author Topic: Is anyone else concerned that 43% of the hashrate is from an unknown source?  (Read 5083 times)
davida
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April 02, 2014, 01:34:31 PM
 #21

I suspect a lot of this is the 1Th/s Antminer S2 rolling off the production line and waiting for dispatch on 10th April...  

Remember that the S2 has the power supply built in, so as soon as each machine is complete they will have in running right until it needs to be boxed up and dispatched.

Look back through the difficultly increase, back in oct/nov when the antminer s1 was released the difficultly was rising by 40% every 2 weeks.

They would be foolish not to mine with them for a few weeks before dispatching.


ahu
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April 02, 2014, 02:35:40 PM
 #22

This Dave Carlson guy produces probably close to 10% of the unknown hashrate. So I wouldn't be that worried yet.

http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
simondlr
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April 02, 2014, 02:42:56 PM
 #23

This is odd. Seems to be related to the 2^n transactions in blocks. Seems possible there's some flaw somewhere?

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Spekulatius
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April 02, 2014, 03:15:28 PM
 #24

31% right now. I guess it depends where you look. This is a pretty acurate site: http://blockorigin.pfoe.be/chart.php
LAMarcellus
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April 02, 2014, 03:20:02 PM
 #25

I believe that unknown is actually the company "cloudhashing".
Can anyone confirm or deny?

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williamj2543
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April 02, 2014, 03:24:00 PM
 #26

Aww shit sorry guys. I'll tone my mining rig down a bit.

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bryant.coleman
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April 02, 2014, 03:52:47 PM
 #27

31% right now. I guess it depends where you look. This is a pretty acurate site: http://blockorigin.pfoe.be/chart.php

Just means that PFOE found the source of the remaining 12% hashrate.
casinocoin
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April 02, 2014, 04:27:09 PM
 #28

someone is gonna be able to do a 51% attack pretty quickly..Bitcoin is over, PoS FTW!!!!
Pardon? Do you even understand how a 51% works?
Do you guys also not understand that"unknown source" is not one single miner or group..
ryanmnercer
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April 02, 2014, 04:42:16 PM
 #29

Who cares. It's not one group/company/person. Even if it was, they'd be losing money with the prices where they are right now unless they are getting free electricity.

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Soros Shorts
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April 02, 2014, 05:33:04 PM
 #30

Oh no! A fifty-one percent attack is imminent!
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April 02, 2014, 05:38:39 PM
 #31

This Dave Carlson guy produces probably close to 10% of the unknown hashrate. So I wouldn't be that worried yet.

http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
Dave carlson mines with BTCguild.
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sikke
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April 02, 2014, 06:43:22 PM
 #32

http://organofcorti.blogspot.com
toknormal
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April 02, 2014, 07:11:47 PM
 #33

This feels like ghash.io all over again, except this time there's not even a face on the potential threat..

Looks like Andreas Antonopolis is on permanent amber alet for FUD spreading Bitcointalk threads now since the whole malliability thing.

Within minutes of this thread appearing there's now a remark in red on the graph saying:

A large portion of Unknown blocks does not mean an attack on the network, it simply means we have been unable to determine the origin.

LoL !! I can just see him with his head in his hands in despair - oh jeez, another b.s. fud spreading Bitcointalk thread. Better go and do necessaries...


Acidyo
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April 02, 2014, 07:20:12 PM
 #34


Oops, sorry guys. I was playing around with my settings and accidently super-duper-turbo-charged my miner...I'll go ahead and turn it down.

Thanks! You almost attacked us all.
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April 02, 2014, 07:23:45 PM
 #35

This feels like ghash.io all over again, except this time there's not even a face on the potential threat..

Looks like Andreas Antonopolis is on permanent amber alet for FUD spreading Bitcointalk threads now since the whole malliability thing.

Within minutes of this thread appearing there's now a remark in red on the graph saying:

A large portion of Unknown blocks does not mean an attack on the network, it simply means we have been unable to determine the origin.

LoL !! I can just see him with his head in his hands in despair - oh jeez, another b.s. fud spreading Bitcointalk thread. Better go and do necessaries...




Yeah I bet Andreas reads every single bct post.
skooter
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April 02, 2014, 08:08:25 PM
 #36

This Dave Carlson guy produces probably close to 10% of the unknown hashrate. So I wouldn't be that worried yet.

http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
Dave carlson mines with BTCguild.
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Looks like megabigpower is doing a withholding attack against BTCGuild

#5 ranked with most shares
Nowhere to be seen in the blocks found top list.

https://www.btcguild.com/index.php?page=rankings&section=teams
pajak666
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April 02, 2014, 08:53:52 PM
 #37

This Dave Carlson guy produces probably close to 10% of the unknown hashrate. So I wouldn't be that worried yet.

http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
Dave carlson mines with BTCguild.
   MegaBigPower   500,921.75 GH/s

Looks like megabigpower is doing a withholding attack against BTCGuild

#5 ranked with most shares
Nowhere to be seen in the blocks found top list.

https://www.btcguild.com/index.php?page=rankings&section=teams

Indeed it looks like withholding attack,
seems like a huge thing
ahu
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April 02, 2014, 08:57:12 PM
 #38

This Dave Carlson guy produces probably close to 10% of the unknown hashrate. So I wouldn't be that worried yet.

http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
Dave carlson mines with BTCguild.
   MegaBigPower   500,921.75 GH/s

Yes, but this should account for only a fraction of his hashrate. That's "only" around 1% of the current total network hashrate.
bobcaticus
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April 02, 2014, 09:01:56 PM
 #39

This Dave Carlson guy produces probably close to 10% of the unknown hashrate. So I wouldn't be that worried yet.

http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
Dave carlson mines with BTCguild.
   MegaBigPower   500,921.75 GH/s

Looks like megabigpower is doing a withholding attack against BTCGuild

#5 ranked with most shares
Nowhere to be seen in the blocks found top list.

https://www.btcguild.com/index.php?page=rankings&section=teams

Indeed it looks like withholding attack,
seems like a huge thing

We are at 2 PH
The Avenger
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April 02, 2014, 10:58:29 PM
 #40

Don't forget the Swedes


"I am not The Avenger"
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