Pool mining is dead... | Bitcointalksearch.org

bbxx

hero member

Activity: 728

Merit: 500

cryptoshark

Quote from: ||bit on September 09, 2013, 09:41:25 PM

Quote from: bbxx on September 09, 2013, 10:37:57 AM

Quote from: pikeadz on September 09, 2013, 09:30:04 AM

Quote from: bbxx on September 09, 2013, 07:12:57 AM

Have look at this...

256919   6 minutes    128   1,507.06 BTC   98.201.114.81   51.29
256918   10 minutes   394   2,971.58 BTC   176.255.75.174   166.18
256917   19 minutes   408   3,895.86 BTC   BTC Guild   147.28
256916   30 minutes   302   1,653.08 BTC   176.255.75.174   115.40
256915   36 minutes   281   1,229.68 BTC   64.136.242.202   104.98
256914   39 minutes   692   7,915.62 BTC   98.201.114.81   240.06
256913   1 hminutes   333   6,473.08 BTC   60.29.146.165   170.03

A sample size of 7. Clearly you've done your research.

i have been studing economics and statistics.

Please remind me such event in the past. This is an indicator of new era. Community mining is shrinking...

That is not a suspicious random occurrence.

Unkown is 27% of network. Chances of unknown receiving 7 consecutive blocks is 27%^7, or 1 in ~9560. A block is found every 10 minutes. So, in roughly every 9560*10 minutes (about 66 days) you should see this pattern with a probability of 1.

Next block was also unknown so once per 2 years is much closer estimate...

||bit

hero member

Activity: 924

Merit: 506

Quote from: bbxx on September 09, 2013, 10:37:57 AM

Quote from: pikeadz on September 09, 2013, 09:30:04 AM

Quote from: bbxx on September 09, 2013, 07:12:57 AM

Have look at this...

256919   6 minutes    128   1,507.06 BTC   98.201.114.81   51.29
256918   10 minutes   394   2,971.58 BTC   176.255.75.174   166.18
256917   19 minutes   408   3,895.86 BTC   BTC Guild   147.28
256916   30 minutes   302   1,653.08 BTC   176.255.75.174   115.40
256915   36 minutes   281   1,229.68 BTC   64.136.242.202   104.98
256914   39 minutes   692   7,915.62 BTC   98.201.114.81   240.06
256913   1 hminutes   333   6,473.08 BTC   60.29.146.165   170.03

A sample size of 7. Clearly you've done your research.

i have been studing economics and statistics.

Please remind me such event in the past. This is an indicator of new era. Community mining is shrinking...

That is not a suspicious random occurrence.

Unkown is 27% of network. Chances of unknown receiving 7 consecutive blocks is 27%^7, or 1 in ~9560. A block is found every 10 minutes. So, in roughly every 9560*10 minutes (about 66 days) you should see this pattern with a probability of 1.

vesperwillow

hero member

Activity: 616

Merit: 500

Quote from: bbxx on September 09, 2013, 10:37:57 AM

Quote from: pikeadz on September 09, 2013, 09:30:04 AM

Quote from: bbxx on September 09, 2013, 07:12:57 AM

Have look at this...

256919   6 minutes    128   1,507.06 BTC   98.201.114.81   51.29
256918   10 minutes   394   2,971.58 BTC   176.255.75.174   166.18
256917   19 minutes   408   3,895.86 BTC   BTC Guild   147.28
256916   30 minutes   302   1,653.08 BTC   176.255.75.174   115.40
256915   36 minutes   281   1,229.68 BTC   64.136.242.202   104.98
256914   39 minutes   692   7,915.62 BTC   98.201.114.81   240.06
256913   1 hminutes   333   6,473.08 BTC   60.29.146.165   170.03

A sample size of 7. Clearly you've done your research.

i have been studing economics and statistics.

Please remind me such event in the past. This is an indicator of new era. Community mining is shrinking...

7 data points is a leading indicator?

More like a blip on a scatterplot.

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

0% of the last block was mined by a pool. Pools are dead! Long live pools.

balanghai

sr. member

Activity: 364

Merit: 253

how much do they spend in electricity to pull that off? Shocked

pikeadz

full member

Activity: 238

Merit: 100

Quote from: bbxx on September 09, 2013, 10:37:57 AM

Quote from: pikeadz on September 09, 2013, 09:30:04 AM

Quote from: bbxx on September 09, 2013, 07:12:57 AM

Have look at this...

256919   6 minutes    128   1,507.06 BTC   98.201.114.81   51.29
256918   10 minutes   394   2,971.58 BTC   176.255.75.174   166.18
256917   19 minutes   408   3,895.86 BTC   BTC Guild   147.28
256916   30 minutes   302   1,653.08 BTC   176.255.75.174   115.40
256915   36 minutes   281   1,229.68 BTC   64.136.242.202   104.98
256914   39 minutes   692   7,915.62 BTC   98.201.114.81   240.06
256913   1 hminutes   333   6,473.08 BTC   60.29.146.165   170.03

A sample size of 7. Clearly you've done your research.

i have been studing economics and statistics.

Please remind me such event in the past. This is an indicator of new era. Community mining is shrinking...

First you claim it's dead. Then with a little resistance, you then say it is "shrinking." If I simply said "no it isn't," maybe your next reply will be "It is growing."

Don't make sensationalist claims and then you won't have to rephrase what you really mean. Wink

bcp19

hero member

Activity: 532

Merit: 500

Quote from: bbxx on September 09, 2013, 10:37:57 AM

Quote from: pikeadz on September 09, 2013, 09:30:04 AM

Quote from: bbxx on September 09, 2013, 07:12:57 AM

Have look at this...

256919   6 minutes    128   1,507.06 BTC   98.201.114.81   51.29
256918   10 minutes   394   2,971.58 BTC   176.255.75.174   166.18
256917   19 minutes   408   3,895.86 BTC   BTC Guild   147.28
256916   30 minutes   302   1,653.08 BTC   176.255.75.174   115.40
256915   36 minutes   281   1,229.68 BTC   64.136.242.202   104.98
256914   39 minutes   692   7,915.62 BTC   98.201.114.81   240.06
256913   1 hminutes   333   6,473.08 BTC   60.29.146.165   170.03

A sample size of 7. Clearly you've done your research.

i have been studing economics and statistics.

Please remind me such event in the past. This is an indicator of new era. Community mining is shrinking...

You're using blockchain.info which is your 1st mistake. You're using far too few data points which is your 2nd mistake.

Try using this:

You've got a MUCH clearer picture of where blocks are going.

crazyates

legendary

Activity: 952

Merit: 1000

There's a bug in Bitcoind that crashed a lot of miners (sort of). I know my 0.8.3 had to rebuild the entire blockchain, and other people are saying the same thing. I guess some pools went down when this happened, lowering the network.

bbxx

hero member

Activity: 728

Merit: 500

cryptoshark

Quote from: pikeadz on September 09, 2013, 09:30:04 AM

Quote from: bbxx on September 09, 2013, 07:12:57 AM

Have look at this...

256919   6 minutes    128   1,507.06 BTC   98.201.114.81   51.29
256918   10 minutes   394   2,971.58 BTC   176.255.75.174   166.18
256917   19 minutes   408   3,895.86 BTC   BTC Guild   147.28
256916   30 minutes   302   1,653.08 BTC   176.255.75.174   115.40
256915   36 minutes   281   1,229.68 BTC   64.136.242.202   104.98
256914   39 minutes   692   7,915.62 BTC   98.201.114.81   240.06
256913   1 hminutes   333   6,473.08 BTC   60.29.146.165   170.03

A sample size of 7. Clearly you've done your research.

i have been studing economics and statistics.

Please remind me such event in the past. This is an indicator of new era. Community mining is shrinking...

pikeadz

full member

Activity: 238

Merit: 100

Quote from: bbxx on September 09, 2013, 07:12:57 AM

Have look at this...

256919   6 minutes    128   1,507.06 BTC   98.201.114.81   51.29
256918   10 minutes   394   2,971.58 BTC   176.255.75.174   166.18
256917   19 minutes   408   3,895.86 BTC   BTC Guild   147.28
256916   30 minutes   302   1,653.08 BTC   176.255.75.174   115.40
256915   36 minutes   281   1,229.68 BTC   64.136.242.202   104.98
256914   39 minutes   692   7,915.62 BTC   98.201.114.81   240.06
256913   1 hminutes   333   6,473.08 BTC   60.29.146.165   170.03

A sample size of 7. Clearly you've done your research.

JimiQ84

sr. member

Activity: 406

Merit: 250

Quote from: Rannasha on September 09, 2013, 08:05:36 AM

Quote from: bbxx on September 09, 2013, 07:19:56 AM

Last hour, 8 blocks, pools got only 12%
Unknown 88%

Goverment? Bitfury? Who is hacking the network?

Variance is so high with mining that using statistics for a single hour is meaningless. Come back when pools are down to 12% network share for 36hr or more.

large part of this "unknown" is ghash.io. Look at this thread: https://bitcointalksearch.org/topic/weekly-pool-and-network-statistics-77000

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: bbxx on September 09, 2013, 07:19:56 AM

Last hour, 8 blocks, pools got only 12%
Unknown 88%

Goverment? Bitfury? Who is hacking the network?

Variance is so high with mining that using statistics for a single hour is meaningless. Come back when pools are down to 12% network share for 36hr or more.

bbxx

hero member

Activity: 728

Merit: 500

cryptoshark

Last hour, 8 blocks, pools got only 12%
Unknown 88%

Goverment? Bitfury? Who is hacking the network?

server

legendary

Activity: 892

Merit: 1002

1 BTC =1 BTC

bbxx

hero member

Activity: 728

Merit: 500

cryptoshark

Have look at this...

256919   6 minutes    128   1,507.06 BTC   98.201.114.81   51.29
256918   10 minutes   394   2,971.58 BTC   176.255.75.174   166.18
256917   19 minutes   408   3,895.86 BTC   BTC Guild   147.28
256916   30 minutes   302   1,653.08 BTC   176.255.75.174   115.40
256915   36 minutes   281   1,229.68 BTC   64.136.242.202   104.98
256914   39 minutes   692   7,915.62 BTC   98.201.114.81   240.06
256913   1 hminutes   333   6,473.08 BTC   60.29.146.165   170.03

Topic: Pool mining is dead... (Read 1572 times)