The future is in PoS, there's too much energy wasted in PoW...
We need to just make it go towards something I think, nothing wrong with PoW as an idea, I'd say we need more stuff like CureCoin and Primecoin
Topic: Hash Rate just hit 200 000 000 GH/s! - page 3. (Read 10847 times)
We need to just make it go towards something I think, nothing wrong with PoW as an idea, I'd say we need more stuff like CureCoin and Primecoin
Ok network seems to be secure, I can finally turn off my cpu miner.
lol - thanks for the laugh loved it - turn off the miner and leave it as a node
Ok network seems to be secure, I can finally turn off my cpu miner.
Actually that is also true, thats why I been doing research on free energy, was looking into a invention by skimmer who was able to use gravity power machine to output 10000 times the amount it gets. Now imagine that, you power 10 th miners with this machine or alot more
There is a high possibility that this "Free energy" machine is a scam or the inventor is highly deluded. The laws of energy conservation must be observed. Before wasting any time talk to some skeptics or physicists who aren't associated with this invention or project to save yourself some grief.
God damn it! I quit! I'm pulling the plug. I am done.
I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???
I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???
Im sure that the guys who are in ROI with there rigs, are just investing and investing so then double to triple there ROI, the ones who started mining in the beginning are the ones who are gonna be left mining bitcoins
It is no longer a race of who can get the most hard ware... it is now... Who has access to the most cheap power... the hard ware will come.
Actually that is also true, thats why I been doing research on free energy, was looking into a invention by skimmer who was able to use gravity power machine to output 10000 times the amount it gets. Now imagine that, you power 10 th miners with this machine or alot more
If you figure it out pm me for a reward lol
The competition will eventually drive mining operations to use cheap renewable power sources and monetize on all that wasted heat by combing hashing with any other business that require heat. I wouldn't be surprised to see mining operations head towards cooler parts of the world because of this.
POS is vulnerable to additional attacks and unfairly benefits large stake holders so I don't see it as a viable competition against Bitcoin outside a possible sidechain/treechain performing certain tasks. POW greatest weaknesses are also its greatest strength. The "wasted electricity" is an additional security protection to deter an attack on the network. The "wasting of electricity" will drive greener and more innovative forms of conservation. The "wasted electricity" could be recovered as a heat byproduct.( ASIC's are 99% efficient at converting electricity into heat). The capital investment of Asic's and electricity removes the high degree of capital re-distribution towards the wealthy as miners have narrow margins with POW and in POS forgers have high profit margins with their investments.
POS is vulnerable to additional attacks and unfairly benefits large stake holders so I don't see it as a viable competition against Bitcoin outside a possible sidechain/treechain performing certain tasks. POW greatest weaknesses are also its greatest strength. The "wasted electricity" is an additional security protection to deter an attack on the network. The "wasting of electricity" will drive greener and more innovative forms of conservation. The "wasted electricity" could be recovered as a heat byproduct.( ASIC's are 99% efficient at converting electricity into heat). The capital investment of Asic's and electricity removes the high degree of capital re-distribution towards the wealthy as miners have narrow margins with POW and in POS forgers have high profit margins with their investments.
The hashrate rising is a great healthy sign for bitcoins, maybe the value will rise soon.
God damn it! I quit! I'm pulling the plug. I am done.
I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???
I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???
Im sure that the guys who are in ROI with there rigs, are just investing and investing so then double to triple there ROI, the ones who started mining in the beginning are the ones who are gonna be left mining bitcoins
It is no longer a race of who can get the most hard ware... it is now... Who has access to the most cheap power... the hard ware will come.
Actually that is also true, thats why I been doing research on free energy, was looking into a invention by skimmer who was able to use gravity power machine to output 10000 times the amount it gets. Now imagine that, you power 10 th miners with this machine or alot more
God damn it! I quit! I'm pulling the plug. I am done.
I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???
I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???
Im sure that the guys who are in ROI with there rigs, are just investing and investing so then double to triple there ROI, the ones who started mining in the beginning are the ones who are gonna be left mining bitcoins
It is no longer a race of who can get the most hard ware... it is now... Who has access to the most cheap power... the hard ware will come.
God damn it! I quit! I'm pulling the plug. I am done.
I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???
I knew this day was coming soon, but I didn't expect it to arrive until 2015. Yuck!
In a few hours, the difficulty will be ~24 billion.
Did a huge farm just open up recently or something???
Im sure that the guys who are in ROI with there rigs, are just investing and investing so then double to triple there ROI, the ones who started mining in the beginning are the ones who are gonna be left mining bitcoins
200 freaking petahashes! Goodness gracious.
This was me when I saw the network speeds
(I have a mining operation which im relocating in two locations due to over heads)
The future is in PoS, there's too much energy wasted in PoW...
Oh man. I miss the CPU mining->GPU mining progression when seeing that hash rate spike and thought that was EPIC. Now we are going from 333MH/s ASICs to TH/s on a consumer level. Amazing progression.
Feel like the hash rate progression is the same as the internet speed progression. Dialup->DSL->Cable->Fiber to the home
Feel like the hash rate progression is the same as the internet speed progression. Dialup->DSL->Cable->Fiber to the home
200 freaking petahashes! Goodness gracious.
Large farms can't pay there bills now!
How much longer can they survive?
How much longer can they survive?
time to plug out small miners..
last 3 diff change`s were too beautifull (5.30% ; 8.08% ; 3.08%)
last 3 diff change`s were too beautifull (5.30% ; 8.08% ; 3.08%) woo hoooooooo that means cex.io is our master now
Just the beginning
I am afraid a few big mining operations will stop after the next increase, and then continue after the difficulty decreased again. that would result in a very slow period of bitcoin block generation for the next few weeks. 
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