DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 07:59:45 PM |
|
Update
Why has the hashrate dropped the past weeks? It dropped in different few days. Some of them are internal hardware/network glitches, some of them are luck based. We haven't identified any form of DDOS attacks recently though.
It sounds really strange to me that at this stage of network growth there isn't a regular report of such attacks against ASICMiner or other entities. I expected many people buying up shares and then ddosing the competition. If there was it would be pretty easy to prevent. Just don't ever have your mining farm ever talk to the outside world. Send everything through VPS running bitcoind as a relay. Mining farm bitcoind ----> relay bitcoind ----> rest of world. If things get real bad keep a dozen cheap VPS running bitcoind as an insurance policy. If a relay node goes down due to DDOS then the mining farm switches to the next one (or two) on it is round robin list. Given the low frequency of blocks (even 10% of the network is only a block every couple hours) it would take forever to find a DDOS all the relay nodes.
|
|
|
|
DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 08:08:47 PM |
|
Did AM just hit an all-time high for hash rate? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FSTlVQcU.png&t=665&c=62YAAVYEpYu2Kg) Anyone know how to contact the site creator? It would be more useful to show some longer terms. i.e. if ASICMiner has 50 TH/s deployed how much effective hashing power does it have (including downtime, lost connectivity, orphans, etc). Something like changing the chart to 6 hours, 24 hours, 7 days would be more useful.
|
|
|
|
binaryFate
Legendary
Offline
Activity: 1498
Merit: 1003
Still wild and free
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 08:20:24 PM |
|
Did AM just hit an all-time high for hash rate? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FSTlVQcU.png&t=665&c=62YAAVYEpYu2Kg) Anyone know how to contact the site creator? It would be more useful to show some longer terms. i.e. if ASICMiner has 50 TH/s deployed how much effective hashing power does it have (including downtime, lost connectivity, orphans, etc). Something like changing the chart to 6 hours, 24 hours, 7 days would be more useful. It's SmiGueL: https://bitcointalk.org/index.php?action=profile;u=59002But he should be around anyway to read this.
|
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
|
|
|
aahzmundus
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 08:21:28 PM |
|
Did AM just hit an all-time high for hash rate? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FSTlVQcU.png&t=665&c=62YAAVYEpYu2Kg) Anyone know how to contact the site creator? It would be more useful to show some longer terms. i.e. if ASICMiner has 50 TH/s deployed how much effective hashing power does it have (including downtime, lost connectivity, orphans, etc). Something like changing the chart to 6 hours, 24 hours, 7 days would be more useful. Go up a directory on that site... http://www.asicminercharts.com/ Has all the information you want, and more. Be sure to tip him too! The tip address is at the bottom of the page.
|
|
|
|
|
ianp
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 08:29:50 PM |
|
Did AM just hit an all-time high for hash rate? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FSTlVQcU.png&t=665&c=62YAAVYEpYu2Kg) Anyone know how to contact the site creator? It would be more useful to show some longer terms. i.e. if ASICMiner has 50 TH/s deployed how much effective hashing power does it have (including downtime, lost connectivity, orphans, etc). Something like changing the chart to 6 hours, 24 hours, 7 days would be more useful. Feel free to use my site -- you can report on whatever timeframe you want: http://www.dpcapital.net/blockchain/?hours=1,2,4,8,12Just change the querystring to reflect the timeframe (in hours) that you'd like. You can use as many (or few) samples as you want. The sample timeframe(s) should be separated by commas, as shown in the example above. Here's some more interesting timeframes to monitor: Hourly for 24 hours: http://www.dpcapital.net/blockchain/?hours=1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24Weekly 24 hour samples: http://www.dpcapital.net/blockchain/?hours=24,48,72,96,120,144,1681 hour average: http://www.dpcapital.net/blockchain/?hours=1The data goes back to something like June 11th.
|
|
|
|
Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 09:34:17 PM |
|
Wow nice. Well glitches happen.
|
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
|
|
|
Endlessa
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 09:37:29 PM |
|
Never stop being amazed at luck spikes. . .if it helps people sleep
|
|
|
|
VJain
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 10:02:51 PM |
|
I am dumb and understand nothing of this technical talk, with hashrates and whatever. But I have 20 BTC invested in AM and am wondering why is value dropping so hard. I am now at half a BTC profit and will probably go in the negative soon. And this shit came at a time I REALLY needed to cash my profit out. ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) Someone care to ELI5 ? ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) The value is dropping because ASICMINER controls less of the hash share then it did a month (2 months?) ago. It went from having 25-30% network share to having 8-12% share, leading to dividends from mining decreasing quite substantially. There are the Hardware sales, but Friedcat mentioned they are being held back for the next-gen hardware implementation. TLDR; Dividends decreased? SELL SELL SELL!
|
Making Apps and Websites for people. I charge reasonable rates ($30-40/hour in BTC).
|
|
|
Gomeler
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 10:33:45 PM |
|
I am dumb and understand nothing of this technical talk, with hashrates and whatever. But I have 20 BTC invested in AM and am wondering why is value dropping so hard. I am now at half a BTC profit and will probably go in the negative soon. And this shit came at a time I REALLY needed to cash my profit out. ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) Someone care to ELI5 ? ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) The value is dropping because ASICMINER controls less of the hash share then it did a month (2 months?) ago. It went from having 25-30% network share to having 8-12% share, leading to dividends from mining decreasing quite substantially. There are the Hardware sales, but Friedcat mentioned they are being held back for the next-gen hardware implementation. TLDR; Dividends decreased? SELL SELL SELL! Lots of weak hands getting out of AM due to the historically low dividends along with a lot of competition springing up. The future of AM is fuzzy. If the 2nd generation chips are competitive with the network then we might see AM spring back up to holding a significant portion of the network AND turn over a significant amount of hardware sales. That'd all be good for dividends and potentially secure AM's future until a '3rd' generation of chips hits the network.
|
|
|
|
ninjarobot
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 10:37:59 PM |
|
There will be an uptick in AM once Gen2 is being deployed and sold. After that anything can happen. Mining is turning into an epic battle for a 0 sum endgame. Expect razor thin margins for the mining companies that survive. Personally I believe AM will be among them but the honeymoon is over.
|
|
|
|
CMMPro
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 10:53:43 PM |
|
After sticking with him for quite a while I just bet that he has a huge move planned...I can sense it coming.
Perhaps a second data center is being set up, perhaps something else...whatever the news is it will be something so huge that we will all be shocked.
You've got to remember the huge headstart, and the chip manufacturing advantage they have.
To think that they don't give a shit about the share price after the IPO is naive....I would say they suffer more than anyone when the price drops and the value of their nest egg is at risk.
|
|
|
|
creativex
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 23, 2013, 11:41:52 PM |
|
After sticking with him for quite a while I just bet that he has a huge move planned...I can sense it coming.
Perhaps a second data center is being set up, perhaps something else...whatever the news is it will be something so huge that we will all be shocked.
You've got to remember the huge headstart, and the chip manufacturing advantage they have.
To think that they don't give a shit about the share price after the IPO is naive....I would say they suffer more than anyone when the price drops and the value of their nest egg is at risk. +1. I think friedcat has a few tricks up his sleeve and I like the risk/reward much better around 3 than I did at 4.x.
|
|
|
|
Franktank
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2013, 12:49:38 AM |
|
After sticking with him for quite a while I just bet that he has a huge move planned...I can sense it coming.
Perhaps a second data center is being set up, perhaps something else...whatever the news is it will be something so huge that we will all be shocked.
You've got to remember the huge headstart, and the chip manufacturing advantage they have.
To think that they don't give a shit about the share price after the IPO is naive....I would say they suffer more than anyone when the price drops and the value of their nest egg is at risk. +1. I think friedcat has a few tricks up his sleeve and I like the risk/reward much better around 3 than I did at 4.x. Is someone buying back in? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
|
|
|
|
bitbytes
Newbie
Offline
Activity: 23
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2013, 12:54:46 AM |
|
Took me long enough to put it all together but finally realized that Bitfury is the next Asicminer, not Lab or Active or Garden:
1. ASIC chips based on 55nm
2. Chips already shipping and miners shipping or soon to ship
3. Self mining at 78Th/s, blowing away AM's 48Th/s right now
Plus, as an added bonus, no pesky public shareholders who pester for more information or with whom to share dividends.
|
|
|
|
nubbins
Legendary
Offline
Activity: 1554
Merit: 1009
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2013, 01:08:40 AM |
|
I am dumb and understand nothing of this technical talk, with hashrates and whatever. But I have 20 BTC invested in AM and am wondering why is value dropping so hard. I am now at half a BTC profit and will probably go in the negative soon. And this shit came at a time I REALLY needed to cash my profit out. ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) Someone care to ELI5 ? ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.
|
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2013, 01:21:25 AM |
|
I am dumb and understand nothing of this technical talk, with hashrates and whatever. But I have 20 BTC invested in AM and am wondering why is value dropping so hard. I am now at half a BTC profit and will probably go in the negative soon. And this shit came at a time I REALLY needed to cash my profit out. ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) Someone care to ELI5 ? ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Pretty much what everyone said above The percentage of the network held by AM is lower than before due to difficulty spikes, some competition is here and more may be coming online soon. Friedcat is producing more units resulting in lower dividends right now and for the last while causing the share price to decrease. Furthermore an unknown amount of AM's units are being leased and we don't know how much of that is in the network, the market is waiting on generation two of AM miners and whatever capacity the possible competitors contribute to mining to determine the market value. Measuring the factors: Variable factors are in play whoever brings the largest scale to the market the quickest has the potential to take over some % of the network, but in the long run AM is in the best position to maintain its share with proven mining and increasing capacity based on their track record. That said potential companies like Labcoin and Activemining BTCgarden and a few others (Avalon) are saying they will be releasing units soon. It will take time yet for the competitors to prove themselves to produce at large scales before the true status quo changes, but it is an interesting time since the clock draws nearer. Even if they all produce a bit it could become a lot overall etc. In the short run as in why it dropped so hard recently: Eb had a bit of a panic thinking that there was bad news and possibly read some of the chat here, put up an auction for a lot of shares 3700+ at 2.7 and the market reeled before the auction was cancelled pretty fast seeing as there was a lot of pent up demand at that price, bringing AM down to a lower stable point for the last few days. Think that was about it. If that seemed bullish sorry not as bearish as others can be ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Did AM just hit an all-time high for hash rate? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FSTlVQcU.png&t=665&c=62YAAVYEpYu2Kg) Anyone know how to contact the site creator? It would be more useful to show some longer terms. i.e. if ASICMiner has 50 TH/s deployed how much effective hashing power does it have (including downtime, lost connectivity, orphans, etc). Something like changing the chart to 6 hours, 24 hours, 7 days would be more useful. Feel free to use my site -- you can report on whatever timeframe you want: http://www.dpcapital.net/blockchain/?hours=1,2,4,8,12Just change the querystring to reflect the timeframe (in hours) that you'd like. You can use as many (or few) samples as you want. The sample timeframe(s) should be separated by commas, as shown in the example above. Here's some more interesting timeframes to monitor: Hourly for 24 hours: http://www.dpcapital.net/blockchain/?hours=1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24Weekly 24 hour samples: http://www.dpcapital.net/blockchain/?hours=24,48,72,96,120,144,1681 hour average: http://www.dpcapital.net/blockchain/?hours=1The data goes back to something like June 11th. More data
|
Believing in Bitcoins and it's ability to change the world
|
|
|
romerun
Legendary
Offline
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2013, 06:03:39 AM |
|
is ghash.io the bitfury hardware test pool before delivering to customers ? or is it that 100TH project farm ? I'm confused.
|
|
|
|
ex-trader
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2013, 11:04:18 AM |
|
- Hash-share of AM has fallen massively.
- Too many firms chasing fewer coins that require far more effort and expense to mine.
- Hardware sales are falling since the value of these is directly linked to mining profitability which is falling. Most devices bought by consumers will never re-coup investment costs.
- No proven ability to generate significant transaction fees, since fee are still small and have not grown in a year.
I said all this when AM hit 5BTC, I sold and got mocked for talking it down, now it's back down to the 2.5-ish thats it's actually worth. AM have always done great stuff, but some people got carried away with the current dividends and drove the price too high.
|
|
|
|
HeRetiK
Legendary
Offline
Activity: 3038
Merit: 2166
Playgram - The Telegram Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2013, 11:51:25 AM |
|
is ghash.io the bitfury hardware test pool before delivering to customers ? or is it that 100TH project farm ? I'm confused.
it's not 100TH so probably bitfury.
|
|
|
|
▄▄███████▄▄███████ ▄███████████████▄▄▄▄▄ ▄████████████████████▀░ ▄█████████████████████▄░ ▄█████████▀▀████████████▄ ██████████████▀▀█████████ █████████████████████████ ██████████████▄▄█████████ ▀█████████▄▄████████████▀ ▀█████████████████████▀░ ▀████████████████████▄░ ▀███████████████▀▀▀▀▀ ▀▀███████▀▀███████ | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ Playgram.io ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | ▄▄▄░░ ▀▄ █ █ █ █ █ █ █ ▄▀ ▀▀▀░░
| │ | ▄▄▄███████▄▄▄ ▄▄███████████████▄▄ ▄███████████████████▄ ▄██████████████▀▀█████▄ ▄██████████▀▀███▄██▐████▄ ██████▀▀████▄▄▀▀█████████ ████▄▄███▄██▀█████▐██████ ██████████▀██████████████ ▀███████▌▐██▄████▐██████▀ ▀███████▄▄███▄████████▀ ▀███████████████████▀ ▀▀███████████████▀▀ ▀▀▀███████▀▀▀ | | │ | ██████▄▄███████▄▄████████ ███▄███████████████▄░░▀█▀ ███████████░█████████░░█ ░█████▀██▄▄░▄▄██▀█████░█ █████▄░▄███▄███▄░▄██████ ████████████████████████ ████████████████████████ ██░▄▄▄░██░▄▄▄░██░▄▄▄░███ ██░░░█░██░░░█░██░░░█░████ ██░░█░░██░░█░░██░░█░░████ ██▄▄▄▄▄██▄▄▄▄▄██▄▄▄▄▄████ ███████████████████████ ███████████████████████ | | │ | ► | |
|
|
|
|