Topic: AMHash1: Cost-Effective Mining Contract - page 95. (Read 304259 times)

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?

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 ?

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

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

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

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

At any rate


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.

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.

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

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.

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.

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

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

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.

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 ?

You keep comparing apples and oranges. There is no central evidence of real hashrate, it can be only computed backwards looking at speed how quickly have been new blocks found. For example in the last half hour 7 instead of 3 blocks have been found. (blocks 338325-338331 https://blockchain.info/blocks/), so they have been found twice as fast as they 'should' . If I now compute hashrate based on these last 7 blocks my result will be 670 PH/s(...). If I use last 100 blocks the result will be different, if 500 it will be again different. Only important result is based on 2016 blocks according which is the difficulty adjusted. And only thing important is how fast compared to set constant (10 minutes/block) the blocks have been mined on average.

You can compute hashrate easily yourself if you think you're being fooled by websites, that formula is public:
difficulty*2^32/600/10^15 (the result will be in PH/s)
this will give you starting hashrate which was at time of difficulty adjusting, in our case:
40640955016*4294967296/600/10^15=290.9 PH/s

Now you can just compare avg time of found x blocks against 10 minutes average and you'll get 'current' hashrate. In my example, last 7 blocks have been found within 30 minutes, which means 4.3 min per block, which is 10/4.3=2.3 faster than it should be so current hashrate is 2.3*290.9=670 PH/s!!! End of the world!

Shouldn´t AMHash 4 be arriving any day now? Two weeks ago I thought it would be at .0008 but now it´s looking more like .0007ish. It´s low but still not that close to zero. Thoughts ?

Let´s see, the mining industry fabricates a few percent in bitcoin difficulty twice a month, bitcoin tanks  at a 50% rate every six months your next cloud mining contract will cost .00000000  sometime next year ?? I´m probably way too optimistic as usual.

Diff prediction is dropping slowly, but two days left. It definitely will be obove 5%, my quess is 6.5%. Bitstamp started trading. Price dropped a little bit. I think we may see divs below 600 mark...

Hashrate 12/30 290,919,288 GH/s

now 289,753,185 GH/s

On planet Bitcorn this results in

Estimated Next Difficulty:   43,968,106,968 (+8.19%)
Adjust time:   After 360 Blocks, About 2.4 days

Look, the apologists in any cult have all sorts of excuses but unfortunately that doesn´t work with the common man on planet Earth as has very well been reflected in cratering confidence in bitcoin and its marketplace.

LOL, look up mining variance.

It better bloody drop to 3 to fucking five percent by Monday or I´m going with this story where it gets meaningful attention. I very much doubt that would bolster any the tanking confidence in bitcoin and its marketplace.