mdude77 (OP)
Legendary
 Offline
Activity: 1540
Merit: 1001
|
 |
May 09, 2012, 10:53:19 AM |
|
Currently at 1508590.. set to jump to estimated 1731286 in 15 blocks according to bitcoin charts. If I do my math right, that's about a 15% increase.
|
I mine at Kano's Pool because it pays the best and is completely transparent! Come join me! |
|
|
|
|
|
|
|
|
|
|
|
I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
|
|
May 09, 2012, 11:03:17 AM |
|
|
|
|
|
paraipan
In memoriam
Legendary
Offline
Activity: 924
Merit: 1004
Firstbits: 1pirata
|
|
May 09, 2012, 11:10:26 AM |
|
interesting to view it like that, thanks |
BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
|
|
|
|
vampire
|
|
May 09, 2012, 12:08:08 PM |
|
I wonder if bitsingles are responsible for it...
|
|
|
|
|
|
Clipse
|
|
May 09, 2012, 12:09:12 PM |
|
I wonder if bitsingles are responsible for it...
Highly doubt 2000-2500 BFL singles are operating. |
...In the land of the stale, the man with one share is king... >> ClipseWe pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
|
|
|
|
payb.tc
|
|
May 09, 2012, 12:11:13 PM |
|
it's official...
1,733,208
|
|
|
|
|
|
Fuzzy
|
|
May 09, 2012, 12:20:04 PM |
|
it's official...
1,733,208
And if you've seen the BFL waiting list, you know its gonna get much higher, very quickly. |
|
|
|
|
|
Clipse
|
|
May 09, 2012, 12:20:49 PM |
|
it's official...
1,733,208
And if you've seen the BFL waiting list, you know its gonna get much higher, very quickly. If thats the case, more reason to hold every single BTC earned right now. |
...In the land of the stale, the man with one share is king... >> ClipseWe pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
|
|
|
|
Aseras
|
|
May 09, 2012, 01:33:03 PM |
|
Much more likely is that Mystery miner, or some botnet got bip16 coded right and is back in business.
think about it, if there were thousands of machines that needed to be updated it would be a slow increment as they were updated and rebooted by owners or whatever. It wouldn't magically all come online at once.
|
|
|
|
|
|
ice_chill
|
|
May 09, 2012, 01:52:08 PM |
|
Just keep in mind that Bitcoin price isn't effected by mining, it is affected by investment.
|
|
|
|
|
|
Aseras
|
|
May 09, 2012, 02:55:46 PM |
|
Its just like stocks or any other commodity, how many people want it vs how many are selling it. If everyone stopped selling the value would go up as long as demand could stand the price and the holders could wait out speculating for a higher profit. Likewise, if the price jumped drastically so many would sell that the market would get flooded and the price would drop.
|
|
|
|
|
SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
|
|
May 09, 2012, 03:37:43 PM |
|
We'll probably see another difficulty drop after this. A large jump like this will definitely push more GPU miners out of the game... and along with it, summer heat too!
|
|
|
|
|
randomproof
Member
Offline
Activity: 61
Merit: 10
|
|
May 09, 2012, 06:55:38 PM |
|
Makes me wonder if it might make economical sense to turn your mining rig off for every other retarget cycle. Turn it off when target goes up so next retarget it does down. Then turn rig on and you get more blocks per time and better profit margin. Clearly only workable if you have a sizable chunk of the total hash power.
|
Donations to me: 19599Y3PTRF1mNdzVjQzePr67ttMiBG5LS
|
|
|
DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
|
|
May 09, 2012, 08:04:48 PM |
|
Makes me wonder if it might make economical sense to turn your mining rig off for every other retarget cycle. Turn it off when target goes up so next retarget it does down. Then turn rig on and you get more blocks per time and better profit margin. Clearly only workable if you have a sizable chunk of the total hash power.
No. Even if you were 30% of global hashing power it wouldn't make sense. So you turn off rig - revenue = 0x Difficulty falls 30% Turn on rig - revenue = 1.42x Difficulty rises 30%. Repeat Over four weeks (two difficulty periods) weeks you earn 1.42x the revenue of a normal difficulty period. vs staying online for the two difficulty periods you would earn 2x. It would only make sense if electricity is >60%+ of your gross revenue and if it is you shouldn't be mining anways. However if people want to do that I will change my answer to "Yes"* * I am not going to argue with people helping to drop the difficulty for me.  |
|
|
|
|
SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
|
|
May 09, 2012, 09:17:03 PM |
|
Makes me wonder if it might make economical sense to turn your mining rig off for every other retarget cycle. Turn it off when target goes up so next retarget it does down. Then turn rig on and you get more blocks per time and better profit margin. Clearly only workable if you have a sizable chunk of the total hash power.
No. Even if you were 30% of global hashing power it wouldn't make sense. So you turn off rig - revenue = 0x Difficulty falls 30% Turn on rig - revenue = 1.42x Difficulty rises 30%. Repeat Over four weeks (two difficulty periods) weeks you earn 1.42x the revenue of a normal difficulty period. vs staying online for the two difficulty periods you would earn 2x. It would only make sense if electricity is >60%+ of your gross revenue and if it is you shouldn't be mining anways. However if people want to do that I will change my answer to "Yes"* * I am not going to argue with people helping to drop the difficulty for me. Why shouldn't you be mining if > 60% of your gross revenue is electricity? As long as < 100% of your gross revenue is electricity, it still makes sense to mine in my book... |
|
|
|
|
DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
|
|
May 09, 2012, 09:30:22 PM |
|
Why shouldn't you be mining if > 60% of your gross revenue is electricity? As long as < 100% of your gross revenue is electricity, it still makes sense to mine in my book... Well if you consider your time, equipment and risk worth nothing then mine until your non-electrical margins are <1%. I value my time and I know my existing hardware has value. If someone with cheaper electricity can unlock more value from that hardware the optimum solution would be to sell the hardware to them right? |
|
|
|
|
SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
|
|
May 09, 2012, 09:31:06 PM |
|
Why shouldn't you be mining if > 60% of your gross revenue is electricity? As long as < 100% of your gross revenue is electricity, it still makes sense to mine in my book... Well if you consider your time, equipment and risk worth nothing then mine until your non-electrical margins are <1%. I value my time and I know my existing hardware has value. If someone with cheaper electricity can unlock more value from that hardware the optimum solution would be to sell the hardware to them right? Ok, fair enough.  |
|
|
|
|
1l1l11ll1l
Legendary
Offline
Activity: 1274
Merit: 1000
|
|
May 09, 2012, 10:56:09 PM |
|
it's official...
1,733,208
And if you've seen the BFL waiting list, you know its gonna get much higher, very quickly. And if you've seen the BFL WAITING list, you know it's gonna get much higher, very slooooowly*. *Fixed |
|
|
|
grue
Legendary
Offline
Activity: 2058
Merit: 1431
|
|
May 10, 2012, 12:56:28 AM |
|
I wonder if bitsingles are responsible for it...
nope, just botnets. |
|
|
|
|
seriouscoin
|
|
May 10, 2012, 03:35:29 AM |
|
I wonder if bitsingles are responsible for it...
nope, just botnets. I know ppl throw botnets around alot on the forum, but is there any actually proof? anyone bother did forensic search? I cant imagine all the botnets happend to have GPUs (high end ones), last time i look CPU mining is utterly low . |
|
|
|
|
|
