[XMR] Monero - A secure, private, untraceable cryptocurrency

[5w00p]

who sell at these prices ....? can no longer pay their electricity for mining    

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining?

Gee, ya think?
Something along those lines is the general consensus, I believe.

There are other possibilities as well. I have a few cpus and gpus at school that I own, but don't pay power for. Also, not everyone's electricity rates are equal. I'm pretty cheap here in Texas (0.08 $/kWh) compared to Europe (I think more like 0.30 $/kWh for the most part), but I think in parts of western Washington State electricity is as cheap as 0.01-0.02 $/kWh - in the wise words of The Black Sheep, "you can't beat that with a bat".

You are correct that there are certainly multiple possibilities to explain the cycle.  But, your examples, like your "few cpus and gpus at school" are likely too rare and diminutive to account for the roughly 6 or 7 Mhash difference between the "base" hashrate of ~20 Mhash and the peak of ~27 Mh.

Maths:
If a rather decent CPU or GPU can hash ~300 h/sec, let's call it 333.33 h/s for simplicity. So, 3 processors can produce 1 khash. So, 30 proc's produce 10kh, 300 proc's produce 100kh, and it requires roughly 3000 processors to produce 1 Mhash.

With my (optimistic) example of 333.33 h/s per processor, roughly 20,000 CPU's and GPU's would be required to account for the 6 to 7 Mhash difference.  That is not going to come from a few students' educational rigs.

(multi-core server CPU's can hash more, but 333 h/s is roughly equal to a mid-range 8-core Xeon)

Please correct me if I am wrong.

[Febo]

the whole idea of crypto world / BTC /  is lost because ordinary people can not mining with their home computers

I do. I dont get much, but my comp is turned on most of the day anyway.

[jwinterm]

You are correct that there are certainly multiple possibilities to explain the cycle.  But, your examples, like your "few cpus and gpus at school" are likely too rare and diminutive to account for the roughly 6 or 7 Mhash difference between the "base" hashrate of ~20 Mhash and the peak of ~27 Mh.

Maths:
If a rather decent CPU or GPU can hash ~300 h/sec, let's call it 333.33 h/s for simplicity. So, 3 processors can produce 1 khash. So, 30 proc's produce 10kh, 300 proc's produce 100kh, and it requires roughly 3000 processors to produce 1 Mhash.

With my (optimistic) example of 333.33 h/s per processor, roughly 20,000 CPU's and GPU's would be required to account for the 6 to 7 Mhash difference.  That is not going to come from a few students' educational rigs.

(multi-core server CPU's can hash more, but 333 h/s is roughly equal to a mid-range 8-core Xeon)

Please correct me if I am wrong.

I'm not saying you're wrong, and I can't explain the recent jump up to 27-28 Mh/s, but I would note that it's been as high as 30 Mh/s in the past. One explanation I've heard for the daily oscillations in the hashrate is that someone is mining with a rather large botnet concentrated in one geographic area, so the times that you see the network hashrate drop down every day correlate with the night time of whatever geographic location this botnet is in, so when botnetted people are turning their computers off for the night, that's when hashrate dips down.

[Este Nuno]

You are correct that there are certainly multiple possibilities to explain the cycle.  But, your examples, like your "few cpus and gpus at school" are likely too rare and diminutive to account for the roughly 6 or 7 Mhash difference between the "base" hashrate of ~20 Mhash and the peak of ~27 Mh.

Maths:
If a rather decent CPU or GPU can hash ~300 h/sec, let's call it 333.33 h/s for simplicity. So, 3 processors can produce 1 khash. So, 30 proc's produce 10kh, 300 proc's produce 100kh, and it requires roughly 3000 processors to produce 1 Mhash.

With my (optimistic) example of 333.33 h/s per processor, roughly 20,000 CPU's and GPU's would be required to account for the 6 to 7 Mhash difference.  That is not going to come from a few students' educational rigs.

(multi-core server CPU's can hash more, but 333 h/s is roughly equal to a mid-range 8-core Xeon)

Please correct me if I am wrong.

I'm not saying you're wrong, and I can't explain the recent jump up to 27-28 Mh/s, but I would note that it's been as high as 30 Mh/s in the past. One explanation I've heard for the daily oscillations in the hashrate is that someone is mining with a rather large botnet concentrated in one geographic area, so the times that you see the network hashrate drop down every day correlate with the night time of whatever geographic location this botnet is in, so when botnetted people are turning their computers off for the night, that's when hashrate dips down.

That's an interesting theory and makes sense. Especially if the oscillation are consistent like that. Similarly it could be a person using their corporate servers only during business hours or something. But with that you might see only a m to f oscillation if that was the case. Either way it's pretty interesting.

Is this hashrate with the relatively low price point at the moment unprecedented?

[primer-]

That's an interesting theory and makes sense. Especially if the oscillation are consistent like that. Similarly it could be a person using their corporate servers only during business hours or something. But with that you might see only a m to f oscillation if that was the case. Either way it's pretty interesting.

Is this hashrate with the relatively low price point at the moment unprecedented?

Yes,  we are all expecting a huge surge in price tomorrow

[ArticMine]

The increase in hash rate could simply be due to colder weather in the northern hemisphere. We must not forget that many people use electricity either entirely of partially for space heating in the fall and winter. In such a situation mining Monero with existing computing equipment is essentially free.

[akula999]

who sell at these prices ....? can no longer pay their electricity for mining    

Network
Hash Rate: 27.05 MH/sec
Block Found: about a minute ago
Difficulty: 1701572249
Blockchain Height: 257768
Last Reward: 13.7911 XMR

Perhaps someone has access to their companies server farm and is 'borrowing' them for a little XMR mining?

Gee, ya think?
Something along those lines is the general consensus, I believe.

There are other possibilities as well. I have a few cpus and gpus at school that I own, but don't pay power for. Also, not everyone's electricity rates are equal. I'm pretty cheap here in Texas (0.08 $/kWh) compared to Europe (I think more like 0.30 $/kWh for the most part), but I think in parts of western Washington State electricity is as cheap as 0.01-0.02 $/kWh - in the wise words of The Black Sheep, "you can't beat that with a bat".

You are correct that there are certainly multiple possibilities to explain the cycle.  But, your examples, like your "few cpus and gpus at school" are likely too rare and diminutive to account for the roughly 6 or 7 Mhash difference between the "base" hashrate of ~20 Mhash and the peak of ~27 Mh.

Maths:
If a rather decent CPU or GPU can hash ~300 h/sec, let's call it 333.33 h/s for simplicity. So, 3 processors can produce 1 khash. So, 30 proc's produce 10kh, 300 proc's produce 100kh, and it requires roughly 3000 processors to produce 1 Mhash.

With my (optimistic) example of 333.33 h/s per processor, roughly 20,000 CPU's and GPU's would be required to account for the 6 to 7 Mhash difference.  That is not going to come from a few students' educational rigs.

(multi-core server CPU's can hash more, but 333 h/s is roughly equal to a mid-range 8-core Xeon)

Please correct me if I am wrong.

I'm going to throw a guess out - Botnet?

[darkota]

I for one fired up 3 GPU's for mining recently.

[alloffmyhate]

i just have it ._. 

[Nekomata]

XMR is the future.

[NeuroticFish]

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0

They are superb!!!!

i just have it ._. 

Oh, so it's not only me who tried to get monero on such low hash rates...
I am thinking now if I should continue or not.. I wanted to reach 250 XMR, but I am at ~25% of that goal and it looks more and more.. unreachable.

[PestoQuinty]

We have few more physical Monero coins (brass, silver plated) available for free while our site is not officially launched. Please PM me if you want to get one.

https://www.dropbox.com/s/bstp1domvay61wv/new%20coin.mp4?dl=0

They are superb!!!!

i just have it ._. 

Oh, so it's not only me who tried to get monero on such low hash rates...
I am thinking now if I should continue or not.. I wanted to reach 250 XMR, but I am at ~25% of that goal and it looks more and more.. unreachable.

Low hashrate?

[NeuroticFish]

Low hashrate?

OMG LOL! I really need to drink one more coffee!
I've read it 64.55 H/sec...

OK, going to hide under a rock and find a coffee very quick!

[bigj]

Monero buy time, again :-)

[wachtwoord]

Monero buy time, again :-)

I was just too late. Literally typed in the order to buy a large chunk of the wall when someone else did.

[bigj]

Monero buy time, again :-)

I was just too late. Literally typed in the order to buy a large chunk of the wall when someone else did.

Unfortunate but still not too late!

[Globb0]

I got another couple, hope it picks up a bit soon.

[wachtwoord]

Monero buy time, again :-)

I was just too late. Literally typed in the order to buy a large chunk of the wall when someone else did.

Unfortunate but still not too late!

Are you selling for 0.0027 ?

[bigj]

Monero buy time, again :-)

I was just too late. Literally typed in the order to buy a large chunk of the wall when someone else did.

Unfortunate but still not too late!

Are you selling for 0.0027 ?

No. Buying around 0.0028 right now.. hope I get a good bunch of coins before the up-surge starts.

[vokain]

wait how big was that wall? I missed it