Hash Rate just hit 200 000 000 GH/s! - page 4.

Lauda

legendary

Activity: 2674

Merit: 2970

Terminated.

Quote from: lucky88888 on August 19, 2014, 05:02:50 AM

Looks like PoS will be the winner after all! Grin

You're definitely wrong.
How is making the rich richer going to help anyone? The difference between the rich and the poor is highly increased by PoS, while saving costs for maintaining the network.

Quote from: niktitan132 on August 19, 2014, 06:04:29 AM

WoW!

200 000 000 GH/s is just amazing.Seems like small miners will get out of mining soon. Tongue

Soon? You mean that small miners have been out for quite some time now. Just look at the guy in America who alone has 1 PH/s in 2 warehouses. Such numbers are insane.

niktitan132

legendary

Activity: 1036

Merit: 1000

WoW!

200 000 000 GH/s is just amazing.Seems like small miners will get out of mining soon. Tongue

BitsBitsBits

full member

Activity: 168

Merit: 100

Quote from: lucky88888 on August 19, 2014, 05:02:50 AM

Looks like PoS will be the winner after all! Grin

What makes you say that? The increase in gh/s?

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: teukon on August 19, 2014, 05:47:17 AM

Quote from: Sir Bitcoin on August 19, 2014, 03:52:23 AM

I believe the first time I ever laid eyes on the network the difficulty was... around 12 million?!

Yes, it has been very fast. It was at 12 million little more than a year ago.

The 24 billion we're about to hit is a bit of a milestone for me because I started mining ("generating") when the difficulty was just 24.

Wow.

pabloangello

legendary

Activity: 1344

Merit: 1001

Quote from: oser41eric on August 19, 2014, 05:55:14 AM

Quote from: lucky88888 on August 19, 2014, 05:02:50 AM

Looks like PoS will be the winner after all! Grin

Too many problems with PoS, terrible distribution is the worst I think.

Look at Bitmark project so -> https://bitcointalksearch.org/topic/bitmark-660544

oser41eric

hero member

Activity: 501

Merit: 500

Quote from: lucky88888 on August 19, 2014, 05:02:50 AM

Looks like PoS will be the winner after all! Grin

Too many problems with PoS, terrible distribution is the worst I think.

teukon

legendary

Activity: 1246

Merit: 1011

Quote from: Sir Bitcoin on August 19, 2014, 03:52:23 AM

I believe the first time I ever laid eyes on the network the difficulty was... around 12 million?!

Yes, it has been very fast. It was at 12 million little more than a year ago.

The 24 billion we're about to hit is a bit of a milestone for me because I started mining ("generating") when the difficulty was just 24.

Meuh6879

legendary

Activity: 1512

Merit: 1012

Quote from: coins-mining on August 19, 2014, 12:31:52 AM

Too many mining farms are opening recently.

and that is very good... for the future. Cool

Meuh6879

legendary

Activity: 1512

Merit: 1012

not 200k for me ...

http://imageshack.com/a/img908/866/ykNjAP.jpg

sepehr

sr. member

Activity: 399

Merit: 250

Cryptocurrency Evangelist

Quote from: lucky88888 on August 19, 2014, 05:02:50 AM

Looks like PoS will be the winner after all! Grin

Sure!

Istanbul34

full member

Activity: 232

Merit: 100

Bitcoin getting more centralized day by day.

sepehr

sr. member

Activity: 399

Merit: 250

Cryptocurrency Evangelist

I own a facility having a total of 27 Tera Hash which will be 0.000135 of all Network Hash!
Not Bad!

lucky88888

sr. member

Activity: 404

Merit: 250

https://nxtforum.org/

Looks like PoS will be the winner after all! Grin

Sir Bitcoin

member

Activity: 112

Merit: 10

I believe the first time I ever laid eyes on the network the difficulty was... around 12 million?!

dquancey

hero member

Activity: 586

Merit: 500

Mining is slowly turning into a business day by day.

It'll only be a matter of time before individuals will be forced to turn their miners off and big companies will be building miners for their own good, not for the consumer market.

Most will be forced to turn to altcoins to fund their mining habits. Still, the altcoin section is not the most agreeable place on earth for some Grin

djangocoin

sr. member

Activity: 474

Merit: 285

Brave New World

Fucking Klondike Shocked

imbladednow

hero member

Activity: 481

Merit: 500

Woking as a binman sucks.

Quote from: Fabrizio89 on August 19, 2014, 02:54:57 AM

that's a game that doesn't really make sense in mining.

What matters is effeciency of miners and electricity costs. In this war, only one with free electricity can win, unfortunatelly not many have access to it and only in small quantity. You know, those paying flat monthly payment regardless of electricity usage...

Fabrizio89

hero member

Activity: 924

Merit: 1000

I guess chinese miners are both contributing to the decreasing btc price and the increase of hashing power. They can produce cheap chips ( Cheesy

) and some areas have very low electricity costs so they are squeezing everything they can from the market while reducing profits for other parties with older gen miners who I think right now are still mining just because they understand what's going on and they know that quitting mining now is worse than waiting since new hardware is coming to the market and they will be cutted out for good. Others may be long-term holders but that's a game that doesn't really make sense in mining.

cedivad

legendary

Activity: 1176

Merit: 1001

Quote from: ninjarobot on August 19, 2014, 01:03:51 AM

ASICMiner is rolling out a new farm with the purpose of pushing the competing farms into the red. It is a war of attrition now. Amateur miners are just collateral.

That's basically what every miner has been doing since 2011.

Lauda

legendary

Activity: 2674

Merit: 2970

Terminated.

Quote from: romerun on August 18, 2014, 11:45:46 PM

what is this, 200 Peta Hash ?

Yes, there was a quick jump to 200 PH/s. I guess with this rate we might see an Exahash soon (ish).

Quote from: ninjarobot on August 19, 2014, 01:03:51 AM

ASICMiner is rolling out a new farm with the purpose of pushing the competing farms into the red. It is a war of attrition now. Amateur miners are just collateral.

They have been for a while now. Amateurs/small miners can't survive in such a battle. When you look at the videos on youtube about the biggest mining farms, it's insane.
Something like this: https://www.youtube.com/watch?v=ELA91d_mx80

Topic: Hash Rate just hit 200 000 000 GH/s! - page 4. (Read 10847 times)