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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25357. (Read 26623626 times)

legendary
Activity: 1078
Merit: 1441
It has to do with random variance spikes in the times to find blocks. You can see different time averages at this site, the graph posted looks like a shorter term average like the 8 hr average:

http://bitcoin.sipa.be/

So sometimes the overall network just gets fairly lucky for a few hours and finds lots of blocks more quickly than usual, leading to a higher estimated hashrate than really exists. OR maybe yes some huge farm just got turned on. You can't say for sure until you let more time go by and see what the longer time averages turn out to be.

OOooooh, good info. So when the hashrate is measured its not actually a measurement of the hashrate, its just saying how much faster or slower the network is getting blocks than it should? SORRY FOR THE FALSE ALARM ADAM  Cheesy

i almost shat myself.

Fact : Penguin shit is white.  (apart from when it is pink... and well sometimes shit colour, but mostly white)

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
It has to do with random variance spikes in the times to find blocks. You can see different time averages at this site, the graph posted looks like a shorter term average like the 8 hr average:

http://bitcoin.sipa.be/

So sometimes the overall network just gets fairly lucky for a few hours and finds lots of blocks more quickly than usual, leading to a higher estimated hashrate than really exists. OR maybe yes some huge farm just got turned on. You can't say for sure until you let more time go by and see what the longer time averages turn out to be.

OOooooh, good info. So when the hashrate is measured its not actually a measurement of the hashrate, its just saying how much faster or slower the network is getting blocks than it should? SORRY FOR THE FALSE ALARM ADAM  Cheesy

i almost shat myself.
legendary
Activity: 896
Merit: 1000
It has to do with random variance spikes in the times to find blocks. You can see different time averages at this site, the graph posted looks like a shorter term average like the 8 hr average:

http://bitcoin.sipa.be/

So sometimes the overall network just gets fairly lucky for a few hours and finds lots of blocks more quickly than usual, leading to a higher estimated hashrate than really exists. OR maybe yes some huge farm just got turned on. You can't say for sure until you let more time go by and see what the longer time averages turn out to be.

OOooooh, good info. So when the hashrate is measured its not actually a measurement of the hashrate, its just saying how much faster or slower the network is getting blocks than it should? SORRY FOR THE FALSE ALARM ADAM  Cheesy
legendary
Activity: 1008
Merit: 1003
WePower.red
Post count is up, wallets are up, volume is up, price is down...

FINAL CAPITULATION....soon?

The moment those forcing price down change direction. Simple, but most likely we will stay near bottom for some time... to accumulate.
copper member
Activity: 2898
Merit: 1465
Clueless!
Huge farm just turned on somewhere, hashrate is over 340PH



Hashrate is up over 50% today! SHIIIIEET!


BFL was allowed to resume operations...coincidence?
(yeah they could have that much PH from the scam they did)
imho
full member
Activity: 195
Merit: 100
It has to do with random variance spikes in the times to find blocks. You can see different time averages at this site, the graph posted looks like a shorter term average like the 8 hr average:

http://bitcoin.sipa.be/

So sometimes the overall network just gets fairly lucky for a few hours and finds lots of blocks more quickly than usual, leading to a higher estimated hashrate than really exists. OR maybe yes some huge farm just got turned on. You can't say for sure until you let more time go by and see what the longer time averages turn out to be.
legendary
Activity: 1078
Merit: 1441
What if I generate a meme of Putin trying to destroy bitcoin a la Godzilla? Would that convince you?

I dunno.. why don't you give it a shot
legendary
Activity: 1078
Merit: 1441

Ok I know this might sound nuts. But what if electricity costs were not a factor. Imagine Putin has a secret mission whereby he is giving away power to a secret team of miners...in secret Shocked

sounds like too much effort.... he is too lazy for that.... he just does not Putin the hours..  

Sorry, I shall get my coat.

TAXI!!

Not only a source of meme gifs   Cheesy

Every now and then I also bring a little bit of data and even some analysis... not always OT, but you know.... you got to keep it fresh.  Wink  Cheesy
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 896
Merit: 1000
Huge farm just turned on somewhere, hashrate is over 340PH



Hashrate is up over 50% today! SHIIIIEET!

holy fucks!
OMG
THIS IS CRAZY!

this isn't showing up on bitcoincharts


Im not sure, I've never used coinorama to look at nework stats before but I clicked it by accident.  Maybe its not reliable. But BTC-Charts and the other ones arent either - they update only a couple times a day, if not once a day. coinorama updates a lot, if the graph isnt lying.

guess we will see later today
legendary
Activity: 2016
Merit: 1259
Huge farm just turned on somewhere, hashrate is over 340PH



Hashrate is up over 50% today! SHIIIIEET!

holy fucks!
OMG
THIS IS CRAZY!

Could it be revised down, like US GDP?  Next week it will be found to be a 60% drop Cheesy
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Huge farm just turned on somewhere, hashrate is over 340PH



Hashrate is up over 50% today! SHIIIIEET!

holy fucks!
OMG
THIS IS CRAZY!

this isn't showing up on bitcoincharts
legendary
Activity: 1260
Merit: 1116
What if I generate a meme of Putin trying to destroy bitcoin a la Godzilla? Would that convince you?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Huge farm just turned on somewhere, hashrate is over 340PH



Hashrate is up over 50% today! SHIIIIEET!

holy fucks!
OMG
THIS IS CRAZY!
hero member
Activity: 798
Merit: 1000
legendary
Activity: 896
Merit: 1000
Huge farm just turned on somewhere, hashrate is over 340PH



Hashrate is up over 50% today! SHIIIIEET!
legendary
Activity: 2016
Merit: 1259

Ok I know this might sound nuts. But what if electricity costs were not a factor. Imagine Putin has a secret mission whereby he is giving away power to a secret team of miners...in secret Shocked

sounds like too much effort.... he is too lazy for that.... he just does not Putin the hours..  

Sorry, I shall get my coat.

TAXI!!

Not only a source of meme gifs   Cheesy
legendary
Activity: 2016
Merit: 1259

Ok I know this might sound nuts. But what if electricity costs were not a factor. Imagine Putin has a secret mission whereby he is giving away power to a secret team of miners...in secret Shocked

    Does Russia have a lot of IC mfg capacity?  No?  Then where are they getting this secret mining hardware from?  Hash rate has fallen off substantially this period, possibly to the point of a difficulty decrease.  Whatever Putin may be mining, it isn't bitcoin. 
hero member
Activity: 784
Merit: 1000
Post count is up, wallets are up, volume is up, price is down...

FINAL CAPITULATION....soon?
legendary
Activity: 1078
Merit: 1441

Ok I know this might sound nuts. But what if electricity costs were not a factor. Imagine Putin has a secret mission whereby he is giving away power to a secret team of miners...in secret Shocked

sounds like too much effort.... he is too lazy for that.... he just does not Putin the hours..  

Sorry, I shall get my coat.

TAXI!!





(edit: Joking aside the last thing Putin is, is lazy)
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