Sudden loss of BTC production | Bitcointalksearch.org

FreeMoney

legendary

Activity: 1246

Merit: 1014

Strength in numbers

Quote from: davux on November 10, 2010, 11:56:35 AM

So does this mean that producing coins will be impossible to do by average people? Which would mean that the number of computers able to produce coins is reducing: it's only the big ones – the average guy is out of the way. Can it happen that in the long run, a couple hundreds, then a couple computers get the monopoly on coin generation?

It's not binary in any sense, the odds just decrease, never to zero. If it used to take a GPU farm X minutes and an old CPU Y minutes now it takes them 4500X minutes and 4500Y minutes respectively. No one picks up any advantage, it gets harder by the same fraction for every imaginable set up.

In a way you could say that the faster you were then the more you lose.

nelisky

legendary

Activity: 1540

Merit: 1001

Quote from: davux on November 10, 2010, 11:56:35 AM

So does this mean that producing coins will be impossible to do by average people? Which would mean that the number of computers able to produce coins is reducing: it's only the big ones – the average guy is out of the way. Can it happen that in the long run, a couple hundreds, then a couple computers get the monopoly on coin generation?

I don't think so... it will get harder and more spaced, but I'm sure others have experienced the odd block found by the 2MHs machine, just like I do.

davux

sr. member

Activity: 288

Merit: 263

Firstbits.com/1davux

So does this mean that producing coins will be impossible to do by average people? Which would mean that the number of computers able to produce coins is reducing: it's only the big ones – the average guy is out of the way. Can it happen that in the long run, a couple hundreds, then a couple computers get the monopoly on coin generation?

Marko

newbie

Activity: 12

Merit: 0

Someone came in with a large amount of GPU power that day. I noticed the dent in my own GPU production as well.

ShadowOfHarbringer

legendary

Activity: 1470

Merit: 1005

Bringing Legendary Har® to you since 1952

Quote from: racerx on November 05, 2010, 04:19:41 PM

still no coinage Sad

must be uber unlucky

On what hardware ?

racerx

jr. member

Activity: 37

Merit: 2

still no coinage Sad

must be uber unlucky

jgarzik

legendary

Activity: 1596

Merit: 1091

Quote from: racerx on November 01, 2010, 04:28:33 AM

Quote from: ShadowOfHarbringer on October 31, 2010, 08:38:09 PM

So producing new coins is becoming hardly worth the power needed to produce it...
Exactly as predicted by satoshi.

Recently I had to shut down minting on my computer completely, because my electricity bill went crazy...

I agree, its not cost effective if you pay the bills.

... unless you own current-generation AMD/ATI GPU, of course.

racerx

jr. member

Activity: 37

Merit: 2

Quote from: ShadowOfHarbringer on October 31, 2010, 08:38:09 PM

So producing new coins is becoming hardly worth the power needed to produce it...
Exactly as predicted by satoshi.

Recently I had to shut down minting on my computer completely, because my electricity bill went crazy...

I agree, its not cost effective if you pay the bills.

ShadowOfHarbringer

legendary

Activity: 1470

Merit: 1005

Bringing Legendary Har® to you since 1952

So producing new coins is becoming hardly worth the power needed to produce it...
Exactly as predicted by satoshi.

Recently I had to shut down minting on my computer completely, because my electricity bill went crazy...

ribuck

donator

Activity: 826

Merit: 1039

Quote from: racerx on October 31, 2010, 05:39:44 PM

So I guess that means I'm still a day away from 95%

5% of the time you should expect to take longer than that 95% estimate.

racerx

jr. member

Activity: 37

Merit: 2

Right,

So I just discovered that my 2 6core miners (30khashes combined) have not been taking ntp updates for a while and are about 6 hours in the future. Just reading the https://bitcointalksearch.org/topic/warning-check-your-system-clock-help-me-960 clock thread and Im thinking that might not have helped my cause.

racerx

jr. member

Activity: 37

Merit: 2

Thanks for the info,

Im generating at about 76230 khash's and with the current difficulty it estimates:

Average   2 days, 0 hours, 23 minutes
50%   1 day, 9 hours, 32 minutes
95%   6 days, 0 hours, 57 minutes

Derived from a collection of hardware Im using and the hash rates I just documented here:
https://bitcointalksearch.org/topic/hash-rate-cpu-comparison-table-1628

So I guess that means I'm still a day away from 95% with my last 50BTC coming in on the 26th.. just odd with at least 50 a day untill then.

ribuck

donator

Activity: 826

Merit: 1039

Within the last 24 hours.

racerx

jr. member

Activity: 37

Merit: 2

Will do, but that probably wont take into account the previously generated coins at a lower dificulty.

Also, when did the difficulty go up?

ribuck

donator

Activity: 826

Merit: 1039

Well the difficulty has just ramped up to 3091.

Why don't you estimate your total khash/sec and type that into the Bitcon Generation Calculator. See if you've gone longer than the 95% expected time-to-generate at the current difficulty.

racerx

jr. member

Activity: 37

Merit: 2

Hi All,

Im thinking nothing is wrong but I seem to have an odd production rate of bitcoins. I have a number of servers producing bitcoins (50ish cores) but all of a sudden my production seems to have halted though they all are getting new blocks, are still hashing correctly. Has the difficulty just ramped up alot or something else I haven't noticed?

Code:

[email protected]:~$ bitcoind getinfo
{
"version" : 31300,
"balance" : 0.00000000,
"blocks" : 88869,
"connections" : 1,
"proxy" : "",
"generate" : true,
"genproclimit" : -1,
"difficulty" : 3091.73911604,
"hashespersec" : 15913782,
"errors" : ""
}

All the servers are ticking along fine, and they connect out thru a central bitcoin server, but no more BTC since the 26th Sad

Cheers

Topic: Sudden loss of BTC production (Read 2328 times)