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Topic: Anyone know why the network hashing rate has gone down today? - page 2. (Read 8593 times)

sr. member
Activity: 392
Merit: 250
Yeah, it's been Summer here in Texas for at least 2 months now. Our summer (read: run A/C or die!) lasts about 6 months. It starts getting hot (more than 85) in late April, gets REAL hot during everyone else's summer, then stays pretty hot all the way to the beginning of October. And it's not brisk fall weather then, either. Oh, no no no. I've gotten mosquito bites on Thanksgiving, I kid you not! We don't even have to turn on the heat until January, and then "winter" lasts about 1 1/2 months.

Matthew


hero member
Activity: 742
Merit: 500
It's summer here in Las Vegas, NV and I get the feeling I'll be laughing at what most of you are calling "heat" wherever you're from. I've actually had to offload a couple nodes to the homes of friends and family to keep my apartment under 85F, it's pretty miserable really.
hero member
Activity: 630
Merit: 500
fighting overheating issues in DC3, some capacity went down temporarily.... I suppose I am not the only one with such issues... 28-30 C outside...

Regards,
Vladimir.
Do you really have enough hashing power to affect the charts like that?  Or do I smell ego?  Just wondering, all I've seen are a few photos of some of your equipment and heard a few rumors.

It's hot in my mining datacenter too (bedroom).  Summer has officially hit southern california.  Had to back off my 605MH/s down to 600MH/s.  Did you guys see me drop the charts?   Grin
newbie
Activity: 56
Merit: 0
It usually doesn't go down, but only up.  Did a bunch of the miners decide to give up because the BTC price has stabilized?  Or do the miners think the price will drop soon?

Sorry, that was me.  I had to take my farm offline to try to run Crysis.

I bet you didn't get it on highest settings. Maybe a few more rigs with 4x6990 might do the trick.
hero member
Activity: 896
Merit: 1000
Seal Cub Clubbing Club
It usually doesn't go down, but only up.  Did a bunch of the miners decide to give up because the BTC price has stabilized?  Or do the miners think the price will drop soon?

Sorry, that was me.  I had to take my farm offline to try to run Crysis.
mrb
legendary
Activity: 1512
Merit: 1027
fighting overheating issues in DC3, some capacity went down temporarily.... I suppose I am not the only one with such issues... 28-30 C outside...

Summer is a good stress-test for PUE=1.03 datacenters ;-)
hero member
Activity: 826
Merit: 500
scared people leave the mining market and put their cards on ebay...
hero member
Activity: 602
Merit: 500
fighting overheating issues in DC3, some capacity went down temporarily.... I suppose I am not only one with such issues... 28-30 C outside...


That's a fair point, as summer starts to roll in in force, we will definitely see a lot more people struggling with the idea of running a space heater 24/7.
DC3
newbie
Activity: 5
Merit: 0
fighting overheating issues in DC3, some capacity went down temporarily.... I suppose I am not the only one with such issues... 28-30 C outside...

Regards,
Vladimir.
member
Activity: 84
Merit: 10
Some bad luck maybe..
Buy you can see diff is starting to go up again/
newbie
Activity: 28
Merit: 0
It might have had something to do with bitcoins.lc having problems. Probably many miners there missed out on some mining time when the servers were down.
sr. member
Activity: 392
Merit: 250
CPU mining definitely is a losing proposition now. I did it as recently as 2 weeks ago, but when I put in a 3rd graphics card in my fastest rig, I needed the 60W for buffer room on my PSU. So I stopped CPU mining at that point (I was only making USD 0.20/day anyhow)

No doubt the latest difficulty push CPU mining into negative territory for *all* CPUs.

Matthew
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
It usually doesn't go down, but only up.  Did a bunch of the miners decide to give up because the BTC price has stabilized?  Or do the miners think the price will drop soon?


When it rises like this a lot of people who made 2-4-6 BTC a day won't like making 1-2-3 BTC a day. Sure they might still be making money but no one likes suddenly losing 40% of your return that won't be coming back.

I'd also guess CPU mining now loses you money so that probably dropped a few people out too.
hero member
Activity: 602
Merit: 500
It usually doesn't go down, but only up.  Did a bunch of the miners decide to give up because the BTC price has stabilized?  Or do the miners think the price will drop soon?


Probably the difficulty rise outpriced a bunch of miners.
Hmm.  I didn't think the miners cared about price when they made their calculations. Cheesy

 Roll Eyes

Anyway, it's been said over and over and over and over. Difficulty follows price. We had a huge huge huge jump in price, followed by tons of people buying tons of mining hardware, after that we had a huge huge huge fall in price, followed by a big jump in difficulty.

Explain why difficulty would continue to rise in that scenario? I'm sick of all the threads "I CALCULATED THAT GIVEN A 50% CONTINUAL INCREASE IN DIFFICULTY MINING WILL NOT BE PROFITABLE OMGOMGOMG" that stupidly kept appearing. Makes absolutely no sense. I want some apology threads, but sadly I'm sure I'll never see those.

Now, there is still room in the profitability cupboard for mining to grow, but I'm guessing that it will grow at a more conservative rate now that people don't see the magical money fountain spitting out as much gold and silver for nothing. Unless there's another price spike or media blitz I guess.
newbie
Activity: 56
Merit: 0
It usually doesn't go down, but only up.  Did a bunch of the miners decide to give up because the BTC price has stabilized?  Or do the miners think the price will drop soon?


Probably the difficulty rise outpriced a bunch of miners.
Hmm.  I didn't think the miners cared about price when they made their calculations. Cheesy
legendary
Activity: 1148
Merit: 1001
Radix-The Decentralized Finance Protocol
It usually doesn't go down, but only up.  Did a bunch of the miners decide to give up because the BTC price has stabilized?  Or do the miners think the price will drop soon?


Probably the difficulty rise outpriced a bunch of miners.
newbie
Activity: 56
Merit: 0
It usually doesn't go down, but only up.  Did a bunch of the miners decide to give up because the BTC price has stabilized?  Or do the miners think the price will drop soon?
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