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Topic: What the hell is going on with the network hashrate??? (Read 3968 times)

member
Activity: 62
Merit: 10
Can someone tell me what the normal % of unknown is on this graph?

http://blockchain.info/pools?timespan=4days

Is 15% out of the ordinary?

I'm trying to figure out where the huge jump is...there doesn't seem to be anything out of the normal variations on this graph:

http://bitcoin.sipa.be/growth-10k.png

Sure there is a 3% spike in overall usage but there are similar dips and spikes previously.  I'd guess any increase over the normal variation and growth rate could be attributed to more interest in bitcoin lately rather than BFL testing equipment.
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
No one ever received a full blown $30000 rig from BFL. They were automatically changed to 2 mini-rigs which are only 25.2GH/s each.

You can ask gigavps, fefox, or whitephantom about the details because they were some of the first to order the full rig.
full member
Activity: 120
Merit: 100
ASIC might be coming, my feeling is they haven't had enough dev time to be testing yet

BUT fpga deliveries continue, I have heard many reports from people with recent minrig deliveries
at 40Ghash per mini rig its only 25 minirigs per 1Thash
fpga singles from bfl and other fpgas from other manufacturers continue to be delivered.
I still have people joining my pool and starting to mine on their gaming cards and cpus(!)
people are still buying 7970s and other gpus and putting them to mining,
and of course once BTC price rises it makes it viable for some marginal miners to switch rigs back on, remember it was only a few weeks ago $5 was the BTC price.

Of course difficulty will rise Smiley

It's 52g/h per minirig for everyone who preordered the old ones, people late to the show could also buy one @ 25gh. A large spike in mining like that is not a few people taking delivery of some 250mh FPGA's. BFL doesnt ship out anything quick enough for a bunch of people to get them all at the same time and turn it on anyway.
vip
Activity: 980
Merit: 1001
ASIC might be coming, my feeling is they haven't had enough dev time to be testing yet

BUT fpga deliveries continue, I have heard many reports from people with recent minrig deliveries
at 40Ghash per mini rig its only 25 minirigs per 1Thash
fpga singles from bfl and other fpgas from other manufacturers continue to be delivered.
I still have people joining my pool and starting to mine on their gaming cards and cpus(!)
people are still buying 7970s and other gpus and putting them to mining,
and of course once BTC price rises it makes it viable for some marginal miners to switch rigs back on, remember it was only a few weeks ago $5 was the BTC price.

Of course difficulty will rise Smiley
jr. member
Activity: 61
Merit: 1
Maybe that darn office manager jacked up the AC again, and all their coffee was getting cold. Grin
donator
Activity: 1419
Merit: 1015
Probably not BFL since they've claimed they would not use mainnet for testing.

I don't buy that for a second. There were devices with exactly the BFL mining specs tested on a pool before shipment before. It was suspected that it was Inaba's account on a hopping pool at the time. Not sure where that thread went, but it seemed pretty damning evidence, and I don't believe it was ever explained.
sr. member
Activity: 252
Merit: 250
Inactive



My question is how likely is 3-4 TH manifesting itself within one day not due to a great number of miners, but a single actor?


Just seems fishy.

probarly BFL testing the first batch of production?

Probably not BFL since they've claimed they would not use mainnet for testing.

If it is indeed a new actor responsible for this volume then we'd have to consider their ability to further add capacity on the order of TH's.

sr. member
Activity: 308
Merit: 250



My question is how likely is 3-4 TH manifesting itself within one day not due to a great number of miners, but a single actor?


Just seems fishy.

probarly BFL testing the first batch of production?
sr. member
Activity: 252
Merit: 250
Inactive



My question is how likely is 3-4 TH manifesting itself within one day not due to a great number of miners, but a single actor?


Just seems fishy.
sr. member
Activity: 308
Merit: 250
i turned on my game pc for bitcoin mining  Smiley.

(just 1400mhash  Grin)
jr. member
Activity: 61
Merit: 1
Somebody's playing with their new ASICs?
donator
Activity: 1218
Merit: 1079
Gerald Davis
A 10 TH spike all of a sudden. Whatever it is, it's not an accident or variation. Hopefully, it will turn out to be a 51% attack. It was a long time coming and the protocol needs to become protected against it. Bitcoin will either come out of it stronger than ever or dead.

A 51% attack wouldn't manifest itself as a increasing in hashing power.  The attacker will be hashing an alternate chain.  So either the attacker was previously hashing the main chain in which case you would see a massive drop in hashing power or the attacker was never contributing to the main chain in which case there would be no change in hashing power.
sr. member
Activity: 344
Merit: 250
Flixxo - Watch, Share, Earn!
Isn't that the pool BFL has used before for burning?

Yes, it is. If the biggest miner name on the stats as a burn on it's name, it's BFL.

BFL_Josh = Inaba = EMC   Grin
legendary
Activity: 1792
Merit: 1047
Beat me to it.  I'd imagine that one would think the hashrate would go the other way since coins are worth a little less now.  Instead it looks like the network's doubled.



Perhaps Largecoin may be behind this also?
hero member
Activity: 533
Merit: 500
Beat me to it.  I'd imagine that one would think the hashrate would go the other way since coins are worth a little less now.  Instead it looks like the network's doubled.

sr. member
Activity: 242
Merit: 251
A 10 TH spike all of a sudden. Whatever it is, it's not an accident or variation. Hopefully, it will turn out to be a 51% attack. It was a long time coming and the protocol needs to become protected against it. Bitcoin will either come out of it stronger than ever or dead.
sr. member
Activity: 322
Merit: 250
We are bees, and we hate you.
Turned my rigs on again, just for the lulz. BFL ain't got nothing on this shit!
legendary
Activity: 1372
Merit: 1003
700GH/s=200 Jalapeños  Grin
legendary
Activity: 1358
Merit: 1002
Isn't that the pool BFL has used before for burning?

Yes, it is. If the biggest miner name on the stats as a burn on it's name, it's BFL.
legendary
Activity: 1372
Merit: 1003
Isn't that the pool BFL has used before for burning?
sr. member
Activity: 252
Merit: 250
Inactive


FYI, 700 GH added in one day on EMC - confirmed by pool op.

https://bitcointalksearch.org/topic/m.1113700


Edit:

Seems a mass switch from Ozcoin to EMC happened.  Carry on.
legendary
Activity: 1372
Merit: 1003
Maybe BFL testing ASIC's October is not far away.
sr. member
Activity: 252
Merit: 250
Inactive
hero member
Activity: 784
Merit: 500
Look at the BTC Price ATM.....


New miners + Old ones switching their old rigs back on or upgrading rigs (the ones without fear of BFL ASIC)
legendary
Activity: 1736
Merit: 1006
everyone is turning on all the mining hardware they bought during the rally.
member
Activity: 85
Merit: 10
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