AMHash1: Cost-Effective Mining Contract

[Mabsark]

Yeah, and the fact that they balloon the hashrate and then turn it down when a few hundred blocks are left resulting in a flat rate but increased difficulty is not any kind of manipulation in your opinion, right ?

No, it's not manipulation, it's simply mining variance, a.k.a. luck. Like I said earlier, look it up. It's not some personal opinion, it's the mathematical reality of bitcoin mining.

Seriously, you need to look up "mining variance" right now.

[Caesium]

I honestly think bitcoinwisdom do more harm than good with their 514 and 1008 rolling average lines. They're pointless and misleading.

[galdur]

Yeah, and the fact that they balloon the hashrate and then turn it down when a few hundred blocks are left resulting in a flat rate but increased difficulty is not any kind of manipulation in your opinion, right ?

No, it's not manipulation, it's simply mining variance, a.k.a. luck. Like I said earlier, look it up. It's not some personal opinion, it's the mathematical reality of bitcoin mining.

Seriously, you need to look up "mining variance" right now.

And the house always wins, right ? Spikes, spikes. Well, except briefly in december while they milked paycow, sorry paycoin

[galdur]

OK, I get it. Those regular spikes in hashrate that fizzle toward the end of a period are due to variance, a.k.a. luck. Now I feel so much better about my constantly falling payouts.

[Mabsark]

And the house always wins, right ? Spikes, spikes. Well, except briefly in december while they milked paycow, sorry paycoin

Are you having a mental breakdown or something? I've no idea what you are even talking about now. You appear to just be spouting gibberish to increase your activity.

[galdur]

And the house always wins, right ? Spikes, spikes. Well, except briefly in december while they milked paycow, sorry paycoin

Are you having a mental breakdown or something? I've no idea what you are even talking about now. You appear to just be spouting gibberish to increase your activity.

Not everyone here buys your cult gibberish. The images speak for themselves. The regular luck and all.

[jdany]

I was wondering if there was some secret clubhouse where the big farm operators get together.
On the count of 3, they all turn an agreed on amount of their operation offline.

After difficulty settles, they start everything back up again.

I'm wondering if the amount of bitcoin sacrificed while offline is less than the bitcoin that can be mined at a lower difficulty over time.

[galdur]

At any rate

Code:

Difficulty History

Date	Difficulty	Change	Hash Rate
Dec 30 2014	40,640,955,017	3.00%	290,919,288 GH/s
Dec 17 2014	39,457,671,307	-1.37%	282,449,013 GH/s
Dec 02 2014	40,007,470,271	-0.73%	286,384,627 GH/s
Nov 18 2014	40,300,030,328	1.76%	288,478,854 GH/s
Nov 05 2014	39,603,666,252	10.05%	283,494,086 GH/s
Oct 23 2014	35,985,640,265	2.81%	257,595,247 GH/s
Oct 09 2014	35,002,482,026	0.98%	250,557,526 GH/s
Sep 25 2014	34,661,425,924	16.20%	248,116,151 GH/s
Sep 13 2014	29,829,733,124	8.75%	213,529,547 GH/s
Aug 31 2014	27,428,630,902	15.03%	196,341,788 GH/s
Aug 19 2014	23,844,670,039	20.86%	170,686,797 GH/s

Now the hashrate is 290,372,918 GH/s

If it´s going to increase by 8% is like 25 PH/s just going to be added to the tally?

P.S. I sure hope that I cause no heart attacks among cultists, really I do.

Mabsark seemed a bit excited which got me worried.

[galdur]

Let me make one thing perfectly clear: I only pretend to be crazy in order to drive you crazy.

[galdur]

So, where is that 25 PH/s going to come from ? Variance, luck? Maybe hashrate is a function of difficulty

[Caesium]

So, where is that 25 PH/s going to come from ? Variance, luck? Maybe hashrate is a function of difficulty

Welcome to the Bitcoin forums, have you read the whitepaper?

Seriously though, 1911 posts and a clear misunderstanding of how difficulty is calculated.

[galdur]

So, where is that 25 PH/s going to come from ? Variance, luck? Maybe hashrate is a function of difficulty

Welcome to the Bitcoin forums, have you read the whitepaper?

Seriously though, 1911 posts and a clear misunderstanding of how difficulty is calculated.

Why do you answer a question with another question?

Well, I´m sure I´m not the only one who has trouble figuring out this sorry mess.

Where is that 25 PH/s going to come from ?

[Caesium]

Why do you answer a question with another question?

I was going to answer your question but I realise it would just be wasted effort. By the way, you do realise you're not in a signature campaign don't you?

[galdur]

Why do you answer a question with another question?

I was going to answer your question but I realise it would just be wasted effort. By the way, you do realise you're not in a signature campaign don't you?

Thin.

There is no reason for you cultists to be so sullen.

[galdur]

Ah, I finally get it. The hashrate is a function of the difficulty. This explains why the difficulty and bitcoin charts have perfect inverse correlation that is travel in the opposite directions. The more difficult mining gets the more resources you put into it and the more the price of the product tanks. Only on planet Bitcorn.

[galdur]

[Mabsark]

Galdur, pay attention:

The activity number is determined in this way:
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)

Rough summary of what this means: If you post once per day on average, then you will eventually get the maximum number of activity points that you can get. Posting more than once per day on average is useless for increasing activity. The maximum number of activity points you can get is 1 per day, but your activity score only updates every two weeks. Therefore, it will take about 100 days to get 100 activity if you post once per day on average.

[galdur]

I actually showed these charts to a guy at the bank here and he said, what the hell is that difficulty, is that how difficult it is to make this bitcoin thing? And that´s increasing exponentially? While bitcoin tanks? How strange. How do you make any money? It seems totally doomed. Well, I said, obviously it´s totally scam-ridden from top to bottom so someone is still making money otherwise it´d have given up the ghost already.

[galdur]

Galdur, pay attention:

The activity number is determined in this way:
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)

Rough summary of what this means: If you post once per day on average, then you will eventually get the maximum number of activity points that you can get. Posting more than once per day on average is useless for increasing activity. The maximum number of activity points you can get is 1 per day, but your activity score only updates every two weeks. Therefore, it will take about 100 days to get 100 activity if you post once per day on average.

Thanks Mabsark, I had no idea. Just like to rant on message boards. Don´t give an eff about this activity.

It´s tanking fast now.

Hashrate(?):   288,138,900 GH/s

Estimated Next Difficulty:   43,856,502,619 (+7.91%)

[AirWolf]

Galdur, pay attention:

The activity number is determined in this way:
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)

Rough summary of what this means: If you post once per day on average, then you will eventually get the maximum number of activity points that you can get. Posting more than once per day on average is useless for increasing activity. The maximum number of activity points you can get is 1 per day, but your activity score only updates every two weeks. Therefore, it will take about 100 days to get 100 activity if you post once per day on average.

Thanks Mabsark, I had no idea. Just like to rant on message boards. Don´t give an eff about this activity.

It´s tanking fast now.

Hashrate(?):   288,138,900 GH/s

Estimated Next Difficulty:   43,856,502,619 (+7.91%)

AGAIN: Told you...