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Topic: Hurricane on East Coast - possible Bitcoin service disruptions (Read 3336 times)

legendary
Activity: 1002
Merit: 1000
Bitcoin
I'd just like to be clear, Bitcoin will not be affected by any storm. Maybe some other related services, but Bitcoin itself is too distributed to be affected by something so small as a hurricane.

Im wondering if all those power outage will reflect on total network hash power !!!   If many miners got power outage...

We'll see..



Six blocks in the last hour. It would be hard to tell any way, due to statistical variance.

Indeed, seems that normal variance account to a bigger proportion than the number of miner affected by power outage !    This conclusion helps figuring how big is the bitcoin computational power Smiley  impressive !


sr. member
Activity: 378
Merit: 250
Why is it so damn hot in here?

We likely won't see enough of an effect that can't be confused with the normal network variance.  While the news is hyping this up significantly, just remember a few key things:

1) The hurricane is not going to be affecting that many people overall (outside of heavy rain/wind).  The vast majority of the east coast will still have power and internet service, though it might not be as reliable as they're used to.
2) Coastal cities tend to have fairly high living costs per square foot, and higher electric costs, so the concentration of huge mining farms is likely very small in areas affected by the hurricane.


Not trying to start an argument or anything but...

It wasn't a hurricane. I know, I know, the news stations were blasting out all over the airwaves that it was, but it wasn't when it made landfall.

I wouldn't say 6.5 million people without power isn't "affecting that many people overall".

Probably the highest concentration of BitCoin nodes on the planet is located in the northeastern U.S.  While the number of nodes does not directly indicate the total hashrate from an area, it's a pretty good correlation.

On the other hand, I doubt the hashrate drop from that area will be large enough, or long enough to make any major change to the next difficulty adjustment.
legendary
Activity: 1750
Merit: 1007
I'd just like to be clear, Bitcoin will not be affected by any storm. Maybe some other related services, but Bitcoin itself is too distributed to be affected by something so small as a hurricane.

Im wondering if all those power outage will reflect on total network hash power !!!   If many miners got power outage...

We'll see..



We likely won't see enough of an effect that can't be confused with the normal network variance.  While the news is hyping this up significantly, just remember a few key things:

1) The hurricane is not going to be affecting that many people overall (outside of heavy rain/wind).  The vast majority of the east coast will still have power and internet service, though it might not be as reliable as they're used to.
2) Coastal cities tend to have fairly high living costs per square foot, and higher electric costs, so the concentration of huge mining farms is likely very small in areas affected by the hurricane.
3) We are still seeing steady network growth, so any small dips from some areas going offline are likely to be evened out with new hashing power coming online in other areas.
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
I'd just like to be clear, Bitcoin will not be affected by any storm. Maybe some other related services, but Bitcoin itself is too distributed to be affected by something so small as a hurricane.

Im wondering if all those power outage will reflect on total network hash power !!!   If many miners got power outage...

We'll see..



Six blocks in the last hour. It would be hard to tell any way, due to statistical variance.
sr. member
Activity: 378
Merit: 250
Why is it so damn hot in here?

He likes thrills, so he took a vacation to a hurricane evacuation zone.

No, it's just another douchbag, totally unrelated to our douchbag.
legendary
Activity: 938
Merit: 1000
What's a GPU?
legendary
Activity: 1500
Merit: 1022
I advocate the Zeitgeist Movement & Venus Project.
legendary
Activity: 1500
Merit: 1022
I advocate the Zeitgeist Movement & Venus Project.
legendary
Activity: 1002
Merit: 1000
Bitcoin
On TV, every few month, some even are shown as being appocalyptic..   I was 500 Km away from home for a week, seeing on tv news that a major forest fire was raging near my own town.. it was really appocalypts for us watching on TV.  Then back home, speaking with friends, they have all had the same, bah, the sky became orange for an hour or two.. nothing else special happened..

Closing our TV is a good start to a better live..

(I dont want to minimize the Sandra event, I know some will suffer damage and lost, and it's an historic big storm.. but nothing near what our TVs are pushing)
sr. member
Activity: 454
Merit: 250
Technology and Women. Amazing.
I'm about 15-20 minutes southeast of Washington DC, we've had some crazy wind but rain isn't anything more than a constant drizzle more or less. Lost power once for about 2 minutes a few hours ago. I feel like I've been cheated out of an apocalyptic storm... I like it when people forget about money and politics and just huddle together for mutual survival Sad
hero member
Activity: 518
Merit: 500
I'd just like to be clear, Bitcoin will not be affected by any storm. Maybe some other related services, but Bitcoin itself is too distributed to be affected by something so small as a hurricane.

Im wondering if all those power outage will reflect on total network hash power !!!   If many miners got power outage...

We'll see..



Is it bad that I hope it does?
legendary
Activity: 1002
Merit: 1000
Bitcoin
I'd just like to be clear, Bitcoin will not be affected by any storm. Maybe some other related services, but Bitcoin itself is too distributed to be affected by something so small as a hurricane.

Im wondering if all those power outage will reflect on total network hash power !!!   If many miners got power outage...

We'll see..

sr. member
Activity: 452
Merit: 250
I lost power at about 9:45 pm est, wind is gusting but not that much rain
So my miners are currently offline despite trying to run my cable modem
From my lead acid battery bank (no signal) fun stuff.

I live in eastern Pennsylvania and it is unusual to lose power being on a
Commercial grade circuit that feeds a high school and several grocery
Stores

Posted from my phone
legendary
Activity: 938
Merit: 1000
What's a GPU?
Yeah its insane. A friend there told me there are a bunch of "apocalypse parties" haha.

Sadly, I sincerely doubt that my generation will be able to communicate without externally supplied electricity...
sr. member
Activity: 330
Merit: 250
Wow 3.1 million with out power!
legendary
Activity: 938
Merit: 1000
What's a GPU?
As devastating as Sandy is, the pictures by Gweedo and Yankee on this thread are awesome, haha!

and in the cloud

There are plenty of those in NY right now Wink
legendary
Activity: 3878
Merit: 1193
I'd just like to be clear, Bitcoin will not be affected by any storm. Maybe some other related services, but Bitcoin itself is too distributed to be affected by something so small as a hurricane.
legendary
Activity: 1078
Merit: 1000
Charlie 'Van Bitcoin' Shrem
Quote
If 1 server goes down, you won't feel it.
We can easily boot up more if needed be.

When was the last time we heard something like that? Oh, yes... just before the GLBSE shutdown Wink

GLBSE shut down because Nefario finally got good legal advice and realized it was illegal  Wink

Nothing to do with servers going down.

Just kidding. Keep dry...

Thanks  Grin
hero member
Activity: 482
Merit: 502
Quote
If 1 server goes down, you won't feel it.
We can easily boot up more if needed be.

When was the last time we heard something like that? Oh, yes... just before the GLBSE shutdown Wink

Just kidding. Keep dry...
legendary
Activity: 1310
Merit: 1000
The rain is picking up here a little west of Albany, NY. Wind isn't much of an issue yet. Hopefully the power stays on or I'll be down in my basement raising up my rigs because no power=no sump pump Sad

Yeah good idea lol.
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