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Topic: what the hell ever happened to deepbit? - page 3. (Read 5660 times)

donator
Activity: 2058
Merit: 1007
Poor impulse control.
October 14, 2012, 01:39:29 AM
#17
It's still pretty close: 50BTC at 18.85% of the network blocks, Deepbit at 16.62% of the network hashrate, and BTCGuild at 14.61% of the network hashrate.

More details at https://bitcointalksearch.org/topic/m.1270918 and also at http://organofcorti.blogspot.com

I think one of the reasons people are leaving Deepbit since is that other people are leaving. People just do what other people are doing. They mined at Deepbit because everyone else did. Now they're leaving it because everyone else is. Well, that and the recent DDoS.

Also increased variance.  Deepbit's proportional variance used to be extremely low.  As the network hash rate grew and Deepbit didn't, miners have been able to notice an increased variance with each difficulty increase.  It's not that miners see other people leaving (directly), it's that Deepbit's speed remaining mostly stationary while the network has increased significantly is causing a large rise in how much their payouts under proportional vary. 

That's quite a good point - I hadn't thought of that but of course that's exactly what prop miners at Deepbit will notice.

And as more people leave, the effect of hoppers is more pronounced, which hurts regular Deepbit miners even more than it used to.

Well, I expected that too, but not this week for some reason.

legendary
Activity: 1750
Merit: 1007
October 14, 2012, 01:36:11 AM
#16
It's still pretty close: 50BTC at 18.85% of the network blocks, Deepbit at 16.62% of the network hashrate, and BTCGuild at 14.61% of the network hashrate.

More details at https://bitcointalksearch.org/topic/m.1270918 and also at http://organofcorti.blogspot.com

I think one of the reasons people are leaving Deepbit since is that other people are leaving. People just do what other people are doing. They mined at Deepbit because everyone else did. Now they're leaving it because everyone else is. Well, that and the recent DDoS.

Also increased variance.  Deepbit's proportional variance used to be extremely low.  As the network hash rate grew and Deepbit didn't, miners have been able to notice an increased variance with each difficulty increase.  It's not that miners see other people leaving (directly), it's that Deepbit's speed remaining mostly stationary while the network has increased significantly is causing a large rise in how much their payouts under proportional vary.  And as more people leave, the effect of hoppers is more pronounced, which hurts regular Deepbit miners even more than it used to.
donator
Activity: 2058
Merit: 1007
Poor impulse control.
October 14, 2012, 01:07:40 AM
#15
It's still pretty close: 50BTC at 18.85% of the network blocks, Deepbit at 16.62% of the network hashrate, and BTCGuild at 14.61% of the network hashrate.

More details at https://bitcointalksearch.org/topic/m.1270918 and also at http://organofcorti.blogspot.com

I think one of the reasons people are leaving Deepbit since is that other people are leaving. People just do what other people are doing. They mined at Deepbit because everyone else did. Now they're leaving it because everyone else is. Well, that and the recent DDoS.
hero member
Activity: 518
Merit: 500
October 13, 2012, 10:16:47 PM
#14
I've always been confused on how deepbit was so large to begin with. People have been asking about it for a long time, a logical answer is never given. I'm guessing the pool will disappear unless they lower fees. 
sr. member
Activity: 454
Merit: 250
Technology and Women. Amazing.
October 13, 2012, 09:56:31 PM
#13
What happened to Deepbit you asked? As difficulty went up, rewards went down, and miners became discontent with how much they were making at Deepbit, and realized they could be making more at just about any other pool by comparison. PPS fee of 10% is straight fucked, yo.


Oh, and that graph only measures the number of blocks awarded to a particular pool or entity, not their actual hashrate. If Deepbit were mining at 100TH/s and found say, 3 blocks in an hour, and my imaginary pool is mining at 20TH/s and found say, 4 blocks in an hour, that graph would show my pool as bigger despite it actually being 1/5th the size. Make sense?
legendary
Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
October 13, 2012, 05:32:50 PM
#12
Blockchain.info data is wrong on deep bit

I created a script to parse https://deepbit.net/stats but our server ip was blocked.

nice little Bitcoin world! such a fresh mind here! gorgeous!  Roll Eyes
hero member
Activity: 910
Merit: 1005
October 13, 2012, 05:23:02 PM
#11
Blockchain.info data is wrong on deep bit

Yes blockchain has always had trouble with Deepbit. There are several other mining pools hosted in germany which makes their blocks difficult to tag correctly + they don't tag their coinbase. I created a script to parse https://deepbit.net/stats but our server ip was blocked.
legendary
Activity: 1596
Merit: 1091
October 13, 2012, 05:06:37 PM
#10
Blockchain.info is almost always wrong on Deepbit.  Their hashrate distribution graph is not reliable at all when looking at Deepbit's portion.

Quoted for emphasis.

Blockchain.info data is wrong on deepbit, so it either skips that work, credits other categories with deepbit's work (because deepbit's blocks are first seen by blockchain.info from other sources).

legendary
Activity: 2450
Merit: 1002
October 13, 2012, 05:04:22 PM
#9
People finally wised up and realized there were smaller fee pools out there =P....
oh wait, people wiser?... so much for that theory..
legendary
Activity: 1750
Merit: 1007
October 13, 2012, 02:05:48 PM
#8
Blockchain.info is almost always wrong on Deepbit.  Their hashrate distribution graph is not reliable at all when looking at Deepbit's portion.
legendary
Activity: 892
Merit: 1002
1 BTC =1 BTC
October 13, 2012, 01:32:55 PM
#7
13%

legendary
Activity: 3578
Merit: 1091
Think for yourself
October 13, 2012, 01:17:49 PM
#6
They are busy on another project at the moment.  It will be interesting to see what Deepbit does with the mining site when the other endeavor comes to fruition.
legendary
Activity: 952
Merit: 1000
October 13, 2012, 11:52:30 AM
#5
Deepbit has a hell of a lot more than 2%. They have about 3.5TH/s or 15% of the network.
They've been at 3.5TH/s for a while now. The market grew, but they didn't.
legendary
Activity: 1274
Merit: 1004
October 13, 2012, 11:48:30 AM
#4
Deepbit has a hell of a lot more than 2%. They have about 3.5TH/s or 15% of the network.
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
October 13, 2012, 11:47:32 AM
#3
Simple, my rig is down  Cheesy
legendary
Activity: 1078
Merit: 1002
October 13, 2012, 11:43:04 AM
#2
What happened? Simple, a market regulated strictly by it's consumers i.e. a free market and the competition that comes with it. That's what.
rat
sr. member
Activity: 253
Merit: 250
October 13, 2012, 11:33:06 AM
#1

o how the mighty have fallen.



seriously. wtf happened?

they went from over 50% to like 2% of the hash rate.
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