Another 2.5TH jump overnight ? | Bitcointalksearch.org

crazyates

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Quote from: P4man on September 07, 2012, 11:53:53 AM

Quote from: crazyates on September 07, 2012, 11:19:36 AM

Now that does show the 3-day average dropping ~2TH/s from 9/3 to 9/5, but then jumping up ~4TH/s from 9/5 to 9/8.

Nah, it doesnt show hashrate, it shows time between blocks. It uses that to guestimate hashrate but you can tell from the graph how much variance there is on that, through all of bitcoins history.

I know that, but the 3-day average can eliminate a lot of that variance.

P4man

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Quote from: crazyates on September 07, 2012, 11:19:36 AM

Now that does show the 3-day average dropping ~2TH/s from 9/3 to 9/5, but then jumping up ~4TH/s from 9/5 to 9/8.

Nah, it doesnt show hashrate, it shows time between blocks. It uses that to guestimate hashrate but you can tell from the graph how much variance there is on that, through all of bitcoins history.

crazyates

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Quote from: os2sam on September 07, 2012, 07:17:41 AM

Quote from: ice_chill on September 07, 2012, 02:29:31 AM

It's not the difficulty we are discussing, but the sudden jump overnight. Under normal conditions it rises steadily.

In your top post you said difficulty jumped over night. Now you are saying that your not talking about difficulty? What are you talking about then?

Difficulty jumps, up or down, every 2016 blocks, that may be overnight when it happens, but it happens after 2016 blocks.
Sam

Ya I'm a little confused by this as well. The difficulty jumped (as it does every 2016 blocks), but you're treating it like we gained 2.5TH/s with that jump, which did not happen. The network WAS slowly increasing over the past 2 weeks, but it was jumpy as always.

Quote from: P4man on September 07, 2012, 02:34:28 AM

There is no sudden overnight jump. There is only variability. Its nothing new:
http://bitcoin.sipa.be/

Now that does show the 3-day average dropping ~2TH/s from 9/3 to 9/5, but then jumping up ~4TH/s from 9/5 to 9/8.

IIRC, BFL just shipped a bunch of Singles, almost clearing their backlog. With other FPGAs and who knows how many new GPU farms, it is a sudden rise.

os2sam

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Quote from: ice_chill on September 07, 2012, 02:29:31 AM

It's not the difficulty we are discussing, but the sudden jump overnight. Under normal conditions it rises steadily.

In your top post you said difficulty jumped over night. Now you are saying that your not talking about difficulty? What are you talking about then?

Difficulty jumps, up or down, every 2016 blocks, that may be overnight when it happens, but it happens after 2016 blocks.
Sam

P4man

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There is no sudden overnight jump. There is only variability. Its nothing new:
http://bitcoin.sipa.be/

ice_chill

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It's not the difficulty we are discussing, but the sudden jump overnight. Under normal conditions it rises steadily.

crazyates

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It was expected to be 2.6 or 2.7 million, so this isn't really news.

wknight

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Bitcoin calls me an Orphan

Lethos is right.. when a GPU is down.. time is money.. people are making sure their GPU's are up 24/7. if a fan goes out they are fixing it the same day and not waiting weeks when they get to it.. Many people are getting their FPGA orders in and people are still buying up 7970's. More people like the price of bitcoin and more people are building rigs.

coretechs

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Quote from: Lethos on September 06, 2012, 05:26:41 PM

There is a lot of FPGA developers who are still shipping out (sometimes in large amounts) their products, even with ASIC on the horizon, they are still taking this long to get into the hands of the masses.

While many people who only mining tool are GPU's are realising that they have about 2-3 months left ~~, after that they are worthless~~ before switching to Litecoin so they are making sure they are online and mining as much as possible.

It stands to reason that the Network is going to keep going up. It is a little worrying how quickly, but totally expected.

FTFY

Lethos

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Keep it Simple. Every Bit Matters.

There is a lot of FPGA developers who are still shipping out (sometimes in large amounts) their products, even with ASIC on the horizon, they are still taking this long to get into the hands of the masses.

While many people who only mining tool are GPU's are realising that they have about 2-3 months left, after that they are worthless so making sure they are online and mining as much as possible.

It stands to reason that the Network is going to keep going up. It is a little worrying how quickly, but totally expected.

fcmatt

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I also noticed the diff jump was more then i expected....
By the time asics arrive diff will be very high.

ice_chill

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Hi, what are your thoughts on this, difficulty went from 24.4k to 26.9k almost overnight, that's 2.5TH.

Possibly someone testing some ASICs ?

Topic: Another 2.5TH jump overnight ? (Read 1838 times)