Massive sudden rise in hash rate | Bitcointalksearch.org

timk225

hero member

Activity: 955

Merit: 1004

Quote

Everyone would die including you, its no use of BTC or money

This is the biggest LOL of them all!

I would never go down in a zombie apocalypse. It simply could not happen, I an far too awesome to be common zombie. I'll be on the roof getting BOOM HEADSHOTS with my Ruger 10/22.

As has been told in zombie movies and TV shows, I'll be in that less than 1% with a natural immunity to whatever causes people to become zombies, and they won't ever catch me to bite me either.

I'd be EPIC in a zombie apocalypse, although I'd miss my internet porn when the system eventually goes down.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: hulk on October 23, 2013, 11:00:20 AM

Just some luck, sometimes its 6 blocks found in a minute..

prove it.

hulk

sr. member

Activity: 392

Merit: 250

Quote from: ehoffman on October 22, 2013, 11:27:35 AM

Is it just me or has the hashrate just had a MASSIVE surge?

Last half hour...

265348 (Main Chain) 2013-10-22 15:59:43
265347 (Main Chain) 2013-10-22 15:57:53
265346 (Main Chain) 2013-10-22 15:55:46
265345 (Main Chain) 2013-10-22 15:56:14
265344 (Main Chain) 2013-10-22 15:54:54
265343 (Main Chain) 2013-10-22 15:52:43
265342 (Main Chain) 2013-10-22 15:50:48
265341 (Main Chain) 2013-10-22 15:47:08
265340 (Orphaned) 2013-10-22 15:39:21
265340 (Main Chain) 2013-10-22 15:39:47
265339 (Main Chain) 2013-10-22 15:34:18
265338 (Main Chain) 2013-10-22 15:32:57
265337 (Main Chain) 2013-10-22 15:32:16

13 blocks found...

The previous 30-minutes periods had between 4 and 7 blocks found (should be 3, but with higher hashrate it's understandable)

Just my observation... Luck?

Just some luck, sometimes its 6 blocks found in a minute..

fattypig

full member

Activity: 224

Merit: 100

Quote from: timk225 on October 22, 2013, 12:04:16 PM

If the zombies rise, no one will give a rat's ass about BTC or money of any kind. It'll be a free for all take what you want scenario.

Although I think I'll still find and keep several million dollars in cash because I always wanted to have a lot of money. Grin

Everyone would die including you, its no use of BTC or money

timk225

hero member

Activity: 955

Merit: 1004

If the zombies rise, no one will give a rat's ass about BTC or money of any kind. It'll be a free for all take what you want scenario.

Although I think I'll still find and keep several million dollars in cash because I always wanted to have a lot of money. Grin

ehoffman

sr. member

Activity: 378

Merit: 250

Quote from: timk225 on October 22, 2013, 11:46:02 AM

I'm thinking hackers or zombies.

Well, the one good thing of ASICs is that BTC will become zombie-proof. A well crafted zombie could well start hundred of thousands GPU miners, but even that is making less and less of a dent, and certainly not doubling the hashrate Wink

In a few months, the only thing that will me mining BTC will be sub-28nm ASICs. The rest will be like computing Pi to 1 million digit with pebble and sticks...

ehoffman

sr. member

Activity: 378

Merit: 250

Yeah, it's what I taught, but it looked kind of strange, seeing all those blocks in a few seconds apart

However, the thing that confirm it's just noise is that those blocks are coming from different sources/pools.

I made a transaction just before, and it confirmed very very quickly

It would be a bummer though if you would make a Tx during a "low", from your wallet to your favorite exchange site, while BTC is crashing Grin

timk225

hero member

Activity: 955

Merit: 1004

Damn, this thing is surging big time. I wonder what will be the cause of its eventual crash in hash power? I'm thinking hackers or zombies.

I wisely got out of BTC and went to LTC when I saw the difficulty rising from 11 million to 20 million, not that long ago.

Puppet

legendary

Activity: 980

Merit: 1040

Here is a good chart showing the variance you get with 16 blocks:

source:
http://bitcoinwisdom.com/bitcoin/difficulty

As you can see we have already had sequences that would correspond to 8+PH, but that doesnt means we are close to it. yet

Puppet

legendary

Activity: 980

Merit: 1040

Its just statistical noise. On average, currently a block gets found every 6-7 mins, but it can be 6 seconds or 60 minutes too. And of course there is no reason you cant have several of those in a row. It will happen. Here is what I saw a few minutes ago (edit: heh, same sequence you posted) :

Thats not to say hashrate isnt going ballistic, because it clearly is. Its quite literally off the charts:
http://bitcoin.sipa.be/

But you need to average several hundred blocks at least to get a meaningful average.

ehoffman

sr. member

Activity: 378

Merit: 250

Is it just me or has the hashrate just had a MASSIVE surge?

Last half hour...

265348 (Main Chain) 2013-10-22 15:59:43
265347 (Main Chain) 2013-10-22 15:57:53
265346 (Main Chain) 2013-10-22 15:55:46
265345 (Main Chain) 2013-10-22 15:56:14
265344 (Main Chain) 2013-10-22 15:54:54
265343 (Main Chain) 2013-10-22 15:52:43
265342 (Main Chain) 2013-10-22 15:50:48
265341 (Main Chain) 2013-10-22 15:47:08
265340 (Orphaned) 2013-10-22 15:39:21
265340 (Main Chain) 2013-10-22 15:39:47
265339 (Main Chain) 2013-10-22 15:34:18
265338 (Main Chain) 2013-10-22 15:32:57
265337 (Main Chain) 2013-10-22 15:32:16

13 blocks found...

The previous 30-minutes periods had between 4 and 7 blocks found (should be 3, but with higher hashrate it's understandable)

Just my observation... Luck?

Topic: Massive sudden rise in hash rate (Read 1688 times)