Topic: As of the latest diff change.... WHERE DID ALL THE HASHRATE COME FROM?!?!?! (Read 2365 times)

My guess is that it is either The Winklevoss Twins and/or Sir Richard Branson

Sir Richard has quietly sized control of the Bitcoin Foundation.

This story was scrubbed from the Internet but it has been archived.

https://web.archive.org/web/20141107172316/https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/

Go long on BTC. I think the idea of 'Mine it at a loss today and make a killing tomorrow' has gone mainstream. Just drop the notion of its value in fiat. It is irrelevant to play this game successfully. Mine and buy and hold.

The ticker symbol will be changing to XBT and 1 million XBT = 1 BTC. They have hinted that only allowing two places of decimals will be as far as XBT can be expressed. So will that yield a higher value?

It is in the best interests of these mainstream forces/players to shake the weak hands out of bitcoin so I expect to see the price drop further. This may be the beginning.

http://www.bloomberg.com/news/videos/b/fb6301cc-dc8b-4810-8293-19fe2c700e41

https://www.google.ca/#q=sir+richard+branson+bitcoin





archived the archive https://web.archive.org/web/20141107172316/https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/

my thoughts exactly, so I canceled my long post.
Same in other parts of the economy.

hey, if home mining will become untenable, maybe we should just purchase nodes like the one below (especially if they drop the price to $50-99).
http://www.coindesk.com/first-plug-in-node-aims-to-boost-bitcoins-network-security/

yeah the big boys may fail to see why that 10 to 20% little guys for grease is needed to make the network last.

if so they will cook the only goose that is laying the golden eggs.

no need to squeeze the small guy out and it really kills the network's safety big time.

The network is increasing its security at the risk of everyone's profitability. When only a few entities can afford to mine, they can easily form a cartel and we now have a central banking system for Bitcoin just like there really isn't supposed to be. Why 51% attack when you can just 100% attack?

Increasing security?!?!? are you that ignorant? A single entity could easily put in an order for all the new hashrate coming online and because all the ASIC suppliers dont give 2 shits about the health of BTC, of course they would sell to that entity. So, its just more opportunity for a agency / government to swoop in and build up over 50% network hashrate then easily attack it, undermining bitcoin.
It can happen at any fucking diff....

I don't get you. You are pissed because the Bitcoin network is increasing its security at the cost of your profitability. But with no security your profitability would be 0 or negative.

Thats dumb, even for a noob let alone a Legendary.

Are you this stupid for thinking mega miners are killing bitcoins?

Also what makes you think someone must announce anything if they increase their mining capacity? For all we know, someone completely got new miners developed in house, no public sale no BS. This is exactly what bitcoin network is about.

Shame for  your so called Legendary title.

The network is increasing its security at the risk of everyone's profitability. When only a few entities can afford to mine, they can easily form a cartel and we now have a central banking system for Bitcoin just like there really isn't supposed to be. Why 51% attack when you can just 100% attack?

Im pissed & very confused lol!
I cant wait till sub $100 btc prices so all these megamines fucking go out of business.

349450 (Main Chain)   2015-03-27 05:56:14   AntPool   00000000000000000c37db6c35bc709e17911b65a2ea78a7ba2ef305a4706afa
349449 (Main Chain)   2015-03-27 05:55:11   BW.COM   0000000000000000147a01de38ddcb804387786be124f7153a40fb73d5fc0cdc
349448 (Main Chain)   2015-03-27 05:48:05   BW.COM   00000000000000000ffb73bda2d8c749263a6a8568ada783bd43a83d709b080a
349447 (Main Chain)   2015-03-27 05:47:34   AntPool   00000000000000000467ed3a1aea73fbbde4e9af2ed09e1d56a83047239e7e5e
349446 (Main Chain)   2015-03-27 05:41:57   AntPool   00000000000000000f7efa4fd6b4342ff07b0f652d262f09f62f3fb6df06dca6
349445 (Main Chain)   2015-03-27 05:36:51   BTC Guild   000000000000000008000267976e5664ace5bd8ff934149cde06d18e851c0330
349444 (Main Chain)   2015-03-27 05:34:07   F2Pool   0000000000000000139bc6ff6513b658e055eac090951378f31555a7cb72fa7a
349443 (Main Chain)   2015-03-27 05:27:29   F2Pool   000000000000000000a02fc219f20169f605c58bc55faadd5fcb5aab0094f3e9
349442 (Main Chain)   2015-03-27 05:36:53   46.254.252.25   00000000000000000e35532548e48e95a50a4ee954be57f45a9479f4e378cd77
349441 (Main Chain)   2015-03-27 05:21:14   Eligius   0000000000000000083d176dd48e0eea81eac98bb30e611c02a8098e6bc2e467
349440 (Main Chain)   2015-03-27 05:11:50   78.157.205.6   000000000000000006405db60966ade6f9877b8c4876e036390951e7ec852c37
349439 (Main Chain)   2015-03-27 05:13:51   MegaBigPower   000000000000000010c946d4b70d61073881a1527090f9caa2015ff8986ad63a
349438 (Main Chain)   2015-03-27 05:09:14   AntPool   0000000000000000101e56ad7f357f1c0abcc102926fe4bae35cef8b5d1ad918
349437 (Main Chain)   2015-03-27 05:00:51   KnCMiner   000000000000000011d96a5aca2fe4b832f6c8379e1163d127f31fb22c234416

I don't think that it is one farm, or all bitmain. I can't imagine 33ph being produced and sold.

Correct, I would assume only 5 ph from Bitmain.

Upgrading all of their S2 units (assuming they have 4000 units) is less than a petahash.
Sales from S5 for hosting (assuming 2000 units) is going to 2.3 ph.
Retail and bulk sales probably don't add up to 1600 units, (June batch reservation qty), which is only 1.85 ph.

Possibilities:
Bitfury opened a new datacenter
21, inc is burning in new gear before launching retail sales next month
Sfards is already mining and wanted to gauge market demand with an announcement on bitcointalk

tinfoil hat: BE300 and friedcat are alive somewhere  

Bitmain started shipping Batch 5 this week. That could be part of it. Antpool and Slush have also been extraordinarily lucky compared to their reported hashrate. The hashrate numbers you're referring to likely are derived from the number of blocks solved over a certain period of time - that doesn't mean the hashrate actually increased, it could be luck.

For example, look at the spike in hashrate from March 10-12 on the following chart - the network wasn't 400 Ph/s then, and it probably isn't now. But unlike then, there is almost certainly some increase coming from Bitmain's shipments.

http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart

Seriously the blocks have been flying since diff change, 10-12% increase projected & nonstop?! This isnt just variance, its outright slaughter.
I thought AM was fucking halted for the time being
Bitmain hasnt been doing anything or planned anything that I know of lately
spondoolies is sitting around twiddling there dicks

What 33PH just randomly came online?!

Im pissed & very confused lol!
I cant wait till sub $100 btc prices so all these megamines fucking go out of business.