3x2
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December 04, 2014, 01:27:33 PM |
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Hash rate increased and Price dropped, is someone using Miner with better optimization?
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smooth (OP)
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December 04, 2014, 01:30:15 PM |
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Hash rate increased and Price dropped, is someone using Miner with better optimization?
Increased? There are always short term fluctuations but the trend is definitely down along with price, not up: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FR6yf6Jc.png&t=665&c=rGl0wdFZJZ0drA)
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3x2
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December 04, 2014, 01:36:48 PM |
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Hash rate increased and Price dropped, is someone using Miner with better optimization?
Increased? There are always short term fluctuations but the trend is definitely down along with price, not up: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FR6yf6Jc.png&t=665&c=rGl0wdFZJZ0drA) yesterday it was like 16MH and today 17.35MH, i mine on hashinvest.net and usually check the hashrate there.
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smooth (OP)
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December 04, 2014, 01:38:06 PM |
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yesterday it was like 16MH and today 17.35MH, i mine on hashinvest.net and usually check the hashrate there.
Yes you can see the constant short term fluctuations in the chart, but it will almost certainly drop back down soon.
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Febo
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December 04, 2014, 01:59:37 PM |
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This chart is actually difficulty one and difficulty is about same as in mid Jully.
Hashrate is last weeks, or even months, 15-20 MH/s.
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smooth (OP)
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December 04, 2014, 02:03:55 PM |
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This chart is actually difficulty one and difficulty is about same as in mid Jully.
Hashrate is last weeks, or even months, 15-20 MH/s.
Difficulty is just the average hash rate over the previous 12 hours (divided by 60) so the charts are more or less the same except short term fluctuations. I used the difficulty one because there is a glitch in the data on chainradar hash rate chart that makes it useless. (The big spike -- which never really happened -- causes the rest of the chart to be scaled way down.)
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aminorex
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Sine secretum non libertas
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December 04, 2014, 02:32:51 PM |
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I find it somewhat surprising and very gratifying that the hash rate has remained at levels where vulnerabilities due to variance are inconsequential, despite the price winter. It probably helps that most pump & dumps these days follow the pattern of PoS conversion which has been successful for past schemes, and thus do not attract so much persistent hash.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Febo
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December 04, 2014, 04:33:58 PM |
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If it is average of last 12 hours then is always better to use difficulty then Hash rate. I dont know why and now seems silly when think of it, but i thought Hash rate / reward is dificulty ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif)
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fox19891989
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December 06, 2014, 11:30:36 AM |
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The floor of XMR may be 0.001, look at poloniex buy walls ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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dreamspark
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December 06, 2014, 12:55:47 PM |
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The floor of XMR may be 0.001, look at poloniex buy walls ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Yawn, why does everyone talk about buy walls like they are all genuine buys. The bids were going between 60 and 205 btc a few days ago including someone continually placing and removing a wall at 0.0007 for 75 btc. Does that mean anything in regards to the direction the price is going? Its been rinse and repeat for months. Buy walls go up price stagnates, walls get removed price crashes. I hope its "different this time" but I doubt it.
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e-coinomist
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Money often costs too much.
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December 06, 2014, 02:24:32 PM |
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Yawn, why does everyone talk about buy walls like they are all genuine buys. The bids were going between 60 and 205 btc a few days ago including someone continually placing and removing a wall at 0.0007 for 75 btc. Does that mean anything in regards to the direction the price is going? Its been rinse and repeat for months. Buy walls go up price stagnates, walls get removed price crashes. I hope its "different this time" but I doubt it.
The wallet is so complex to operate, most people seem to store their coins on exchangers. Means to much money is located very near to the market and in result gets daytraded heavily. That makes Monero number 5 inside coinmarketcap.com if you watch trade volume, which is several positions up from XMR's total size ranking. Observing HitBTC buywall movements would add more detail to the picture, but >70% is taking place at Poloniex, so you are watching the right spot. This situation could recieve an improvement, but I am challenged to point out where exactly the right lever would be.
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Wexlike
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December 06, 2014, 03:41:08 PM |
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Hash Rate: 21.34 MH/sec XMR: 0.00112885 BTC
Something fishy is going on.. Insane hashrate for these prices.
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G2M
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December 06, 2014, 03:42:06 PM |
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Hash Rate: 21.34 MH/sec XMR: 0.00112885 BTC
Something fishy is going on.. Insane hashrate for these prices.
What do you think of this cross post? It's now winter in the northern hemisphere, where crypto is most popular.
People are occasionally subsidized privately or by their gov't to keep warehouses warm .. likely this is a result of some entrepreneur into that area.
Offsetting heating costs with Monero, or any other mineable coin .. might not be just a botnet, when it could just be someone weighing the costs between paying for likely gas heating flat out, or electrical heating that has the possibility to be offset with mineable crypto.
Likely, they will be dumping at whatever cost though, so as far as that goes .. I'd expect to see little to no holding.
Maybe I'll be surprised though.
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Wind picked up: F4BC1F4BC0A2A1C4
banditryandloot goin2mars kbm keyboard-mash theusualstuff
probably a few more that don't matter for much.
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fox19891989
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December 06, 2014, 03:45:48 PM |
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Hash Rate: 21.34 MH/sec XMR: 0.00112885 BTC
Something fishy is going on.. Insane hashrate for these prices.
You mean the price is extremely undervalued, right? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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bitcoinmining
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December 06, 2014, 04:02:08 PM |
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Everybody's waiting for a starter fire and after that Monero is going to the moooon! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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othe
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December 06, 2014, 04:03:26 PM |
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Hash Rate: 21.34 MH/sec XMR: 0.00112885 BTC
Something fishy is going on.. Insane hashrate for these prices.
Well - there is not much else to GPU mine these days, LTC and Doge are not gpu mineable anymore; DRK is an alternative but you won´t get much coins with their reward formula. http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/So, if you look here there´s DRK and then XMR...and the rest is only smaller coins which are gpu mineable. If you point a 6x280x gpu rig at a multipool like wepaybtc you get like 0.0048 or so btc per day - 3 usd ...
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smooth (OP)
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December 06, 2014, 08:44:40 PM |
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If you point a 6x280x gpu rig at a multipool like wepaybtc you get like 0.0048 or so btc per day - 3 usd ...
How much do you get with that same rig mining XMR?
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thelibertycap
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December 06, 2014, 08:45:53 PM |
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Hash Rate: 21.34 MH/sec XMR: 0.00112885 BTC
Something fishy is going on.. Insane hashrate for these prices.
Well - there is not much else to GPU mine these days, LTC and Doge are not gpu mineable anymore; DRK is an alternative but you won´t get much coins with their reward formula. http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/So, if you look here there´s DRK and then XMR...and the rest is only smaller coins which are gpu mineable. If you point a 6x280x gpu rig at a multipool like wepaybtc you get like 0.0048 or so btc per day - 3 usd ... That is ~ 1.2kW of energy for 0.0048 BTC which is around 1.8 USD if I am counting correctly. Living in Europe I would pay over 5 EUR for that amount of electricity per day!
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smooth (OP)
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December 06, 2014, 09:37:09 PM |
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Living in Europe I would pay over 5 EUR for that amount of electricity per day!
It follows pretty obviously from how mining works that you shouldn't be mining at all in place with high electricity costs (i.e. much of Europe) unless you are doing it with the understanding that you are losing money (to support the network, as a way to get coins, etc.)
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smooth (OP)
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December 06, 2014, 09:39:04 PM Last edit: December 06, 2014, 11:07:20 PM by smooth |
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The floor of XMR may be 0.001, look at poloniex buy walls ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Yawn, why does everyone talk about buy walls like they are all genuine buys. The bids were going between 60 and 205 btc a few days ago including someone continually placing and removing a wall at 0.0007 for 75 btc. Does that mean anything in regards to the direction the price is going? Its been rinse and repeat for months. Buy walls go up price stagnates, walls get removed price crashes. I hope its "different this time" but I doubt it. That overstates "walls are not real" idea (often true) a bit. Several of the big XMR buy walls have been eaten not pulled.
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