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Author Topic: BITMAIN announces Antpool  (Read 381051 times)
Mike0029
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June 21, 2015, 07:41:07 PM
 #921

I figured I could join in on this discussion... what are people's thoughts on this?

https://forum.bitmain.com/bbs/topics/1832?page=1

I slowly got into mining, based on interest in Bitmain ASICs, even tried out their cloud mining at Hashnest, but realized that it is almost a Ponzi scheme, especially when I lost about half my investment with their New Year's "gift" (which isn't much considering I know others who lost much more there with this stunt they pulled):

https://forum.bitmain.com/bbs/topics/983

Thanks to Bitmain being shady, I am completely out of mining, as it seems they like to control the market:

https://forum.bitmain.com/bbs/topics/1829

I have a feeling that this is the "centralization" of a decentralized currency.... Considering they manufacture the ASICs, and can plug as many as they want, and you KNOW they will announce the Antminer S50+ with 10 PH power in just a month (sarcasm), even though they still have a good inventory of their last model that they haven't sold... and they will probably sell too...

just like their PACMiC scheme:

https://forum.bitmain.com/bbs/topics/1823

What also scares me, is that most Bitcoin nodes are US based, yet the biggest ASIC manufacturers and pools are Chinese based...
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kano
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June 22, 2015, 04:23:28 AM
 #922

IP address is not relevant.

That is purely the IP address that was fastest/first to pass the block header to blockchain.com - no way is that in any way guaranteed to be the pool that found it

blockchain.com does not connect to every bitcoin node on the planet - not even every pool on the planet.
There is actually no specific reason to have a pool bitcoin connected directly to blockchain.com

It could be the IP address of a bitcoin running in your granny's garage that passed a block to blockchain first.

Bitcoin is peer 2 peer.

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
dog1965
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June 22, 2015, 05:38:32 AM
 #923

Hmmm. still sounds like there milking the cow to me.

hmmm, I see BITFURY coming up. I don't like the fact that home miners cant mine on there pools you are forced into cloud mining or some shit ! so its decentralization for who the rich or the poor Huh?



tokingtoking
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June 23, 2015, 08:05:11 AM
 #924

Im curious about total hashrate of antpool.
Why its go up and down significantly?
If it happen in short period i think its ok but its longer than day or two.
Are they testing hardware? Somebody has big hasrate join on and off?
Only antpool can answer this.
jonnybravo0311
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June 23, 2015, 01:34:14 PM
 #925

Im curious about total hashrate of antpool.
Why its go up and down significantly?
If it happen in short period i think its ok but its longer than day or two.
Are they testing hardware? Somebody has big hasrate join on and off?
Only antpool can answer this.
Contrary to popular belief and the conspiracy theorists, the vast majority of the time you see swings in hash rate on a pool, or even on the entire BTC network itself, it's not because some manufacturer just turned on a boatload of new hardware.

Pools and the network itself have absolutely no comprehension of actual hashing rate.  All they know is how fast shares are being submitted (pool) and how fast blocks are being solved (BTC network).  They use this in combination with the share difficulty (pool) or network difficulty (network) to ESTIMATE what the pool's/network's speed is.  The key word there is estimate.

Because of the nature of solving shares/blocks, the estimation process will show swings in hash rate.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
philipma1957
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June 23, 2015, 01:44:45 PM
 #926

Im curious about total hashrate of antpool.
Why its go up and down significantly?
If it happen in short period i think its ok but its longer than day or two.
Are they testing hardware? Somebody has big hasrate join on and off?
Only antpool can answer this.
Contrary to popular belief and the conspiracy theorists, the vast majority of the time you see swings in hash rate on a pool, or even on the entire BTC network itself, it's not because some manufacturer just turned on a boatload of new hardware.

Pools and the network itself have absolutely no comprehension of actual hashing rate.  All they know is how fast shares are being submitted (pool) and how fast blocks are being solved (BTC network).  They use this in combination with the share difficulty (pool) or network difficulty (network) to ESTIMATE what the pool's/network's speed is.  The key word there is estimate.

Because of the nature of solving shares/blocks, the estimation process will show swings in hash rate.

+ 10% to -10%   are normal swings. On pure luck alone,  so a pool at 50 ph can go up and down   from 45ph to 55ph  as  a norm

not unusual at all.   Even  larger swings can happen  due to heavy good or bad luck.

Then there are other up and downs.  Under clocking gear, over clocking gear. -+ 2-3%    .  Weekends - weekdays         night mining only  = cheaper power  in USA, NJ

You can get special rates if you mine from 9pm to 5am.   So if your gear has roi'd 100%.  Then mining at night works. This can do swings.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
kano
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June 23, 2015, 01:48:53 PM
 #927

... and in Australia if you get a banded elec rate plan ...
10pm-7am every day, is 1/5 of the peak weekday 2pm-8pm price
(the rest of the time is about half the peak)

The actual hours vary - but the different banded plans are similar.

(but the peak price sux - ~50c/kWhr)

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
dog1965
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June 23, 2015, 01:59:21 PM
 #928

or you can be like me I don't pay for electric I get it free hahahaha.

Prelude
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June 23, 2015, 06:23:37 PM
 #929

or you can be like me I don't pay for electric I get it free hahahaha.



Think I'd rather pay for it.
dog1965
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June 23, 2015, 07:23:45 PM
 #930

or you can be like me I don't pay for electric I get it free hahahaha.



Think I'd rather pay for it.

Go right ahead. me its included in my lease agreement so I am not stealing so there is no crime.

do whatever floats your boat.



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June 23, 2015, 07:29:12 PM
 #931

or you can be like me I don't pay for electric I get it free hahahaha.



Think I'd rather pay for it.

Go right ahead. me its included in my lease agreement so I am not stealing so there is no crime.

so if you rather pay go ahead.




There has been a lot of talk about what that means.  Usually it is limited to reasonable levels of power use.  I would wager that if you started maxing out every circuit in the place, your landlord would not be happy and would make you pay for it. (At the very least, make you pay for it one way or another, they can always add extra fees here and there when they feel like it).


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Mikestang
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June 23, 2015, 07:58:32 PM
 #932

or you can be like me I don't pay for electric I get it free hahahaha.



Think I'd rather pay for it.

Go right ahead. me its included in my lease agreement so I am not stealing so there is no crime.


Then it's not free, you're paying for it as part of your lease.
dog1965
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June 23, 2015, 09:19:08 PM
 #933

or you can be like me I don't pay for electric I get it free hahahaha.



Think I'd rather pay for it.

Go right ahead. me its included in my lease agreement so I am not stealing so there is no crime.


Then it's not free, you're paying for it as part of your lease.

Yes that's true my lease is less what you guys pay for your electric alone I am not complaining haha.
kano
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June 23, 2015, 09:26:48 PM
 #934

or you can be like me I don't pay for electric I get it free hahahaha.



Think I'd rather pay for it.

Go right ahead. me its included in my lease agreement so I am not stealing so there is no crime.

do whatever floats your boat.

Yep, what floats my boat is not ripping someone else off.
Electricity costs someone money, thus someone is paying for it.
Personally I see no pleasure in making someone else pay for my mining.

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
Mikestang
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June 23, 2015, 10:28:04 PM
 #935

or you can be like me I don't pay for electric I get it free hahahaha.



Think I'd rather pay for it.

Go right ahead. me its included in my lease agreement so I am not stealing so there is no crime.


Then it's not free, you're paying for it as part of your lease.

Yes that's true my lease is less what you guys pay for your electric alone I am not complaining haha.


Bragging about living in the ghetto?  Whatever floats your boat...
aarons6
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June 23, 2015, 11:09:50 PM
 #936



Go right ahead. me its included in my lease agreement so I am not stealing so there is no crime.

do whatever floats your boat.




i would check over that lease agreement.
im guessing somewhere in there it says that if your power increases too much your rent will go up or you will get kicked out.

only an idiot would rent out a place and not put something in there like that.
dog1965
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June 23, 2015, 11:28:28 PM
 #937

or you can be like me I don't pay for electric I get it free hahahaha.



Think I'd rather pay for it.

Go right ahead. me its included in my lease agreement so I am not stealing so there is no crime.


Then it's not free, you're paying for it as part of your lease.

Yes that's true my lease is less what you guys pay for your electric alone I am not complaining haha.


Bragging about living in the ghetto?  Whatever floats your boat...

ho ho ho ho hum boring I been in this app over 5 years already. been mining already for one year and not being thrown out for the rent being to high the problem is that you all are just all jealous because you have to pay more. 
Mikestang
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June 23, 2015, 11:35:06 PM
 #938

Yea, that's it, we're jealous of your crappy apartment that you don't own. Roll Eyes

Nice PM to me, by the way, I hope it gets you banned.
dogie
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June 24, 2015, 01:43:20 AM
 #939



Go right ahead. me its included in my lease agreement so I am not stealing so there is no crime.

do whatever floats your boat.




i would check over that lease agreement.
im guessing somewhere in there it says that if your power increases too much your rent will go up or you will get kicked out.

only an idiot would rent out a place and not put something in there like that.


Even if its not specifically stated, there are fair use precedents. For example set by the guy who was selling 'his' free electricity back to the network to collect a cheque, to pay the rent.

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June 24, 2015, 02:19:40 AM
 #940



Go right ahead. me its included in my lease agreement so I am not stealing so there is no crime.

do whatever floats your boat.




i would check over that lease agreement.
im guessing somewhere in there it says that if your power increases too much your rent will go up or you will get kicked out.

only an idiot would rent out a place and not put something in there like that.


Even if its not specifically stated, there are fair use precedents. For example set by the guy who was selling 'his' free electricity back to the network to collect a cheque, to pay the rent.

You probably also signed saying you wouldn't run a business out of your unit.  This could probably qualify as a business and get you in trouble.


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