Topic: Large bitcoin mining farm mining 4 blocks a day having made 1600BTC (Read 14116 times)
September 20, 2013, 02:41:57 AM
From tx 5edd86ee3608121acdd1014eeb3facd5c2e802cabe70925261ac02bcd3b299bc, this is almost certainly Avalon.
August 06, 2013, 10:23:22 PM
Pretty impressive farm!! Maybe an ASIC miner reseller mining on unbouggt stock.
August 06, 2013, 07:39:27 PM
Look more closely at the time stamps on the transactions at that address. Some of them are a week apart early on. So the payouts (and hence solved blocks) were relatively sporadic until around May 28th. After that payouts were much more frequent (3-4 a day).
It begins April 6th with one block. Then April 8th they had 3 blocks, April 10th they had 2. Then between April 11th and May 27th (46 days) only 15 transactions to that address. It could have been early testing followed by full mining beginning late May
It begins April 6th with one block. Then April 8th they had 3 blocks, April 10th they had 2. Then between April 11th and May 27th (46 days) only 15 transactions to that address. It could have been early testing followed by full mining beginning late May
as I have already said there is a user on this forum with 10th in his garage so it could easaly be them
August 06, 2013, 07:24:08 PM
Look more closely at the time stamps on the transactions at that address. Some of them are a week apart early on. So the payouts (and hence solved blocks) were relatively sporadic until around May 28th. After that payouts were much more frequent (3-4 a day).
It begins April 6th with one block. Then April 8th they had 3 blocks, April 10th they had 2. Then between April 11th and May 27th (46 days) only 15 transactions to that address. It could have been early testing followed by full mining beginning late May
It begins April 6th with one block. Then April 8th they had 3 blocks, April 10th they had 2. Then between April 11th and May 27th (46 days) only 15 transactions to that address. It could have been early testing followed by full mining beginning late May
August 06, 2013, 07:06:14 PM
Makes sense to me Phinnaeus.
Who then had the hashpower pre-BFL to do this?
Who then had the hashpower pre-BFL to do this?
August 06, 2013, 06:20:10 PM
Hi. Sorry for posting this again here but I think it fits under bitcoin discussion and under mining speculation. Maybe with a few more views someone will have an idea of what's going on. Feel free to delete this if you feel it is inappropriate to have posted it twice.
Anyway! I just wondered if anyone had noticed that a lot of the blocks that are relayed through various ip address nodes are actually being mined by the same user:
1BxD2VLE95n7ZeVJSy3uoiJ5WdR72jWj5f
If you have a look they have a lot of bitcoins already and are generating around 4 blocks a day.
Anyone have any idea who this is? More ASIC developers but this time they are keeping them all for themselves?
Quite scary that one person or group has this much power and they are possibly not even on the radar like ASICminer.
Anyway! I just wondered if anyone had noticed that a lot of the blocks that are relayed through various ip address nodes are actually being mined by the same user:
1BxD2VLE95n7ZeVJSy3uoiJ5WdR72jWj5f
If you have a look they have a lot of bitcoins already and are generating around 4 blocks a day.
Anyone have any idea who this is? More ASIC developers but this time they are keeping them all for themselves?
Quite scary that one person or group has this much power and they are possibly not even on the radar like ASICminer.
There is no way in hell that this stems from BFL, because that address' first transaction occurred on April 6, 2013: http://online.wsj.com/article/Corrections.html
If you recall, BFL didn't ship the Luke Unit till April 1, 2013, 5 days later, thus by maths it's utterly impossible to accuse BFL in any wrongdoing.
Somebody double check my work to see if I'm indeed correct, even though I've yet to make a mistake on this forum.
August 06, 2013, 05:41:36 PM
Hi. Sorry for posting this again here but I think it fits under bitcoin discussion and under mining speculation. Maybe with a few more views someone will have an idea of what's going on. Feel free to delete this if you feel it is inappropriate to have posted it twice.
Anyway! I just wondered if anyone had noticed that a lot of the blocks that are relayed through various ip address nodes are actually being mined by the same user:
1BxD2VLE95n7ZeVJSy3uoiJ5WdR72jWj5f
If you have a look they have a lot of bitcoins already and are generating around 4 blocks a day.
Anyone have any idea who this is? More ASIC developers but this time they are keeping them all for themselves?
Quite scary that one person or group has this much power and they are possibly not even on the radar like ASICminer.
Anyway! I just wondered if anyone had noticed that a lot of the blocks that are relayed through various ip address nodes are actually being mined by the same user:
1BxD2VLE95n7ZeVJSy3uoiJ5WdR72jWj5f
If you have a look they have a lot of bitcoins already and are generating around 4 blocks a day.
Anyone have any idea who this is? More ASIC developers but this time they are keeping them all for themselves?
Quite scary that one person or group has this much power and they are possibly not even on the radar like ASICminer.
This was normal a few years ago...it's an artifact of a still small network (small number of asics, that is). When I did better than this with my laptop, I didn't think it was scary or bad...I was supporting the network.
August 06, 2013, 01:50:03 PM
you are right, its been a month..
time for some descentralization on mining? we have a few public pools, some private, now some private groups, and maybe some soloists still trying their luck...
time for some descentralization on mining? we have a few public pools, some private, now some private groups, and maybe some soloists still trying their luck...
Want decentralization ? Use P2Pool. Convince other people to use P2Pool.
August 06, 2013, 01:08:43 PM
I'm just speculating and probably saying what a lot of people may have already said but I wouldn't be surprised if this was BFL mining with their customers hardware. They could easily have their mini-rigs setup and running in a warehouse collecting BTC. When the difficulty gets too high in another 2 months or so(October), their problems will miraculously be "solved" and they will start hitting that quoted 300 units a day shipping estimate as they drop all the hardware.
August 06, 2013, 01:00:04 PM
there is a user on this forum that has 10th in his garage so it could be him lol 
August 06, 2013, 12:57:09 PM
There are lots of major players moving into Bitcoin mining with serious money and serious equipment. Many industry leaders from finance to computer science.
I just read this news of a Private Equity firm investing $200 million into Bitcoin mining. Here is the full story:
http://www.efinancialnews.com/story/2013-08-05/bitcoin-gold-rush-heats-up-with-private-equity-deal
Bitcoin mining is about to get much more competitive over the next few years.
I just read this news of a Private Equity firm investing $200 million into Bitcoin mining. Here is the full story:
http://www.efinancialnews.com/story/2013-08-05/bitcoin-gold-rush-heats-up-with-private-equity-deal
Bitcoin mining is about to get much more competitive over the next few years.
Quote
Correction
05 Aug 2013
Investor Joe Lewis isn’t investing in a bitcoin venture called Avalon and doesn’t lead a Zurich-based private-equity fund called the Phoenix Fund. An article on the supposed investment was inaccurately published and has been removed.
05 Aug 2013
Investor Joe Lewis isn’t investing in a bitcoin venture called Avalon and doesn’t lead a Zurich-based private-equity fund called the Phoenix Fund. An article on the supposed investment was inaccurately published and has been removed.
So much chaff, so little wheat.
August 06, 2013, 10:32:47 AM
Not rich until they got it converted to some hard USD
Now theyre just holding a hot potatoe
Now theyre just holding a hot potatoe
Are you retarded? I mean I could understand converting it to Norweigian Krone or Singaporian dollars, maybe even gold or other "real" currency, BUT USD? LEWL, keep your fancy toilet paper to yourself.
http://online.wsj.com/article/SB10001424052748703313304576132170181013248.html
August 06, 2013, 09:28:37 AM
Not rich until they got it converted to some hard USD
Now theyre just holding a hot potatoe
Now theyre just holding a hot potatoe
Are you retarded? I mean I could understand converting it to Norweigian Krone or Singaporian dollars, maybe even gold or other "real" currency, BUT USD? LEWL, keep your fancy toilet paper to yourself.
August 05, 2013, 05:36:49 PM
Not rich until they got it converted to some hard USD
Now theyre just holding a hot potatoe
Now theyre just holding a hot potatoe
August 05, 2013, 03:30:58 PM
Wow.... These guys are rich mochos
August 05, 2013, 12:59:02 PM
There are lots of major players moving into Bitcoin mining with serious money and serious equipment. Many industry leaders from finance to computer science.
I just read this news of a Private Equity firm investing $200 million into Bitcoin mining. Here is the full story:
http://www.efinancialnews.com/story/2013-08-05/bitcoin-gold-rush-heats-up-with-private-equity-deal
Bitcoin mining is about to get much more competitive over the next few years.
I just read this news of a Private Equity firm investing $200 million into Bitcoin mining. Here is the full story:
http://www.efinancialnews.com/story/2013-08-05/bitcoin-gold-rush-heats-up-with-private-equity-deal
Bitcoin mining is about to get much more competitive over the next few years.
August 03, 2013, 04:11:20 AM
Who are you mysterious entity
August 03, 2013, 03:29:26 AM
these people are probably raising the difficulty of mining single handedly.
July 31, 2013, 08:38:16 PM
Damn!
That's what I call mining
That's what I call mining
July 31, 2013, 06:56:44 PM
4000 bitcoins and counting... 
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