Explain the peaks? | Bitcointalksearch.org

DrG

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Quote from: ajareselde on July 24, 2014, 08:51:46 AM

Quote from: TheDragonSlayer on July 23, 2014, 08:08:31 AM

Quote from: bitcoiner23 on July 23, 2014, 05:26:59 AM

Can someone explain this hashrate peaks and why does it always go down after it peaked up?

And we are still completely missing the theoretical hashrate from Big Fucking Liars?

Because the manufacturer test the mining gear before shipping out.

Yeah, we all know how they are "testing" them...
On the serious note, testing is supposed to be dont on testnet, and not on the real bitcoin network.
This is pure customer ripoff, since they're mining while its most profitable, and then they ship products that are likely never to ROI.

This has been going on since the first ASIC release. The only way to keep the companies from mining is to own the company yourself. If you can throw down 5-25 million you can have your own custom ASIC with no ~~premining~~....err testing Cheesy

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: TheDragonSlayer on July 23, 2014, 08:08:31 AM

Quote from: bitcoiner23 on July 23, 2014, 05:26:59 AM

Can someone explain this hashrate peaks and why does it always go down after it peaked up?

And we are still completely missing the theoretical hashrate from Big Fucking Liars?

Because the manufacturer test the mining gear before shipping out.

Yeah, we all know how they are "testing" them...
On the serious note, testing is supposed to be dont on testnet, and not on the real bitcoin network.
This is pure customer ripoff, since they're mining while its most profitable, and then they ship products that are likely never to ROI.

BiTJack

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As it peaks people starts selling that's how comes the dump.

DrG

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Quote from: Soros Shorts on July 23, 2014, 10:59:05 PM

I don't know why the hash rate goes down after each peak, but I am pretty sure that the little squiggles in the graph are cause by several miners repeatedly turning their gear on and off just for fun.

It's all those solar powered farms on one side of the planet. Sun comes up, hashrate goes up, sun goes down, hashrate goes down Grin

Soros Shorts

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I don't know why the hash rate goes down after each peak, but I am pretty sure that the little squiggles in the graph are cause by several miners repeatedly turning their gear on and off just for fun.

tertius993

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Quote from: bitcoiner23 on July 23, 2014, 05:26:59 AM

Can someone explain this hashrate peaks and why does it always go down after it peaked up?

Because if it didn't go down it wouldn't be a peak ...

philipma1957

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'The right to privacy matters'

A combination of both previous answers pretty much cover the why.

Flip a coin heads win. add 5 guys flipping the coin. sooner or later a peak will occur.

a cold streak of tails will occur after a while then a dip happens.

TheDragonSlayer

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Quote from: bitcoiner23 on July 23, 2014, 05:26:59 AM

Can someone explain this hashrate peaks and why does it always go down after it peaked up?

And we are still completely missing the theoretical hashrate from Big Fucking Liars?

Because the manufacturer test the mining gear before shipping out.

FeedbackLoop

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Variance associated with any random process.

bitcoiner23

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Can someone explain this hashrate peaks and why does it always go down after it peaked up?

And we are still completely missing the theoretical hashrate from Big Fucking Liars?

Topic: Explain the peaks? (Read 1165 times)