Snake head has been brutally chopped off! - page 2.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: aqrulesms on June 20, 2012, 07:01:44 PM

Quote from: mtminer on June 20, 2012, 03:15:07 PM

Quote from: mccorvic on June 19, 2012, 06:27:20 AM

$6.40~ could also be some threshold for mining profitability.

All those stories about the BTC being safer than the Euro having an effect/

Aliens.

Aliens, I think they are named "Probability" home world statistics.

Aliens could always come to the Earth and set up their quantum computers to screw the network to rediculously high hash rates Grin

To buy our products they could more easily produce using a replicator? Or just to screw up our economy before attacking to make that easier?

aqrulesms

sr. member

Activity: 373

Merit: 250

Quote from: mtminer on June 20, 2012, 03:15:07 PM

Quote from: mccorvic on June 19, 2012, 06:27:20 AM

$6.40~ could also be some threshold for mining profitability.

All those stories about the BTC being safer than the Euro having an effect/

Aliens.

Aliens, I think they are named "Probability" home world statistics.

Aliens could always come to the Earth and set up their quantum computers to screw the network to rediculously high hash rates Grin

mtminer

member

Activity: 86

Merit: 10

Quote from: mccorvic on June 19, 2012, 06:27:20 AM

$6.40~ could also be some threshold for mining profitability.

All those stories about the BTC being safer than the Euro having an effect/

Aliens.

Aliens, I think they are named "Probability" home world statistics.

HonorMe

newbie

Activity: 28

Merit: 0

Quote from: waspoza on June 19, 2012, 10:14:38 AM

Its just luck. Hashing power is calculated from the number of blocks found in time unit. So more luck in block finding means spikes on the chart. And vice versa.

This is what i thought too

Clipse

hero member

Activity: 504

Merit: 502

Looks to me there is atleast a real 1-1.5TH of new hashing, rest is likely due to the luck of yesterday. In fact there was a 18blocks in 60minute period, total madness.

eleuthria

legendary

Activity: 1750

Merit: 1007

There was a massive LUCK-BASED surge yesterday. At one point there were 10 blocks in 20 minutes. Those weird spikes really screw up hash rate estimate graphs. Yesterday there were many pools finding blocks much faster than they normally should (luck).

There has also been some growth due to the $1 increase in BTC price in under a week, which should be expected.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: mccorvic on June 19, 2012, 06:27:20 AM

$6.40~ could also be some threshold for mining profitability.

Doesn't make sense. Power cost (determining factor of profitability if you discard initial investment, which makes sense here) is distributed anywhere from $0.05 to $0.30. Mining rig efficiencies also differ over quite a range. So there's no "inherent" treshold.

nedbert9

sr. member

Activity: 252

Merit: 250

Inactive

Quote from: FreeMoney on June 19, 2012, 10:19:33 AM

Quote from: waspoza on June 19, 2012, 10:14:38 AM

Its just luck. Hashing power is calculated from the number of blocks found in time unit. So more luck in block finding means spikes on the chart. And vice versa.

This is true. Ever notice how there are always spikes?

There's an assumed botnet that's been operating since April that has just cranked up their capacity.

See the mining sub forum 'Flurry of blocks'

FreeMoney

legendary

Activity: 1246

Merit: 1016

Strength in numbers

Quote from: waspoza on June 19, 2012, 10:14:38 AM

Its just luck. Hashing power is calculated from the number of blocks found in time unit. So more luck in block finding means spikes on the chart. And vice versa.

This is true. Ever notice how there are always spikes?

waspoza

hero member

Activity: 602

Merit: 508

Firstbits: 1waspoza

Quote from: Grouver (BtcBalance) on June 19, 2012, 04:43:37 AM

It just spiked from 15.5 to 17 t/hash for a minute.
Now its back to ~~16.5~~ 15.5 t/hash.
Pretty weird how the total hash power is fluctuating this much right now.

Maybe its indeed BFL testing there stuff.

Its just luck. Hashing power is calculated from the number of blocks found in time unit. So more luck in block finding means spikes on the chart. And vice versa.

SaintFlow

sr. member

Activity: 488

Merit: 254

The first is by definition not flawed.

I wonder when we will break the old record.

Does more Thas/s acutally increase encryption or does it just make bitcoin safer by needing more for a 51% attack?

mccorvic

hero member

Activity: 518

Merit: 500

$6.40~ could also be some threshold for mining profitability.

All those stories about the BTC being safer than the Euro having an effect/

Aliens.

Spekulatius

legendary

Activity: 1022

Merit: 1000

Its nothing out of the ordinary, or is it?
Have a look at historical charts here: http://bitcoin.sipa.be/

Grouver (BtcBalance)

hero member

Activity: 530

Merit: 500

It just spiked from 15.5 to 17 t/hash for a minute.
Now its back to ~~16.5~~ 15.5 t/hash.
Pretty weird how the total hash power is fluctuating this much right now.

Maybe its indeed BFL testing there stuff.

Raoul Duke

legendary

Activity: 1386

Merit: 1002