Topic: When KnCMiner pool switches on 240+ TH/sec will these other pools fold up? (Read 3015 times)
September 27, 2013, 11:26:58 AM
ghash.io is already excavating at >200TH, mined over BTC35,000 since July/August.
September 27, 2013, 12:37:23 AM
BTCGuild is already over 500 TH. Coin Terra is delivering 2 PH which will be placed across many pools. ICE Drill is looking to get 500 TH in Nov. I think there will be a larger spread across many new pools.
September 09, 2013, 10:29:48 AM
I'm a noob, so humor me as I wrap my head around what might happen when the KnCMiner pool switches on. Only Jupiter machines will be involved. Each ASIC box capable of .4+ TH/sec. So figure 600 boxes (my guess is 10% of units sold) all hosted by KnC = 240+ TH/sec round the clock, right?
Metaphorically speaking, that's like 600 Bucyrus RH400 hydraulic shovels vs a few hundred guys with teaspoons.
Thoughts? Are my numbers way off? Corrections appreciated.
Metaphorically speaking, that's like 600 Bucyrus RH400 hydraulic shovels vs a few hundred guys with teaspoons.
Thoughts? Are my numbers way off? Corrections appreciated.
There is likely to be some massive swings in the relative sizes of the pools in the coming months. From the end of September to the mid of Jan there is a heck-of-a-lot of power being added to the network, like never before. KnC do seem like they will be first to add a large amount of hashing power in September and October so expect some large spikes all over the place while it settles down.
After we get through this massive increase in difficulty and hashing rates, the first quarter of next year will be much more sedate. There is just not the demand to keep doubling the network hash rate for the same returns. In my view the coin price needs to rise a lot now to pay back all the investment that's been poured into mining in the past 4 (and next 2) months.
September 04, 2013, 07:48:38 AM
I'm a noob, so humor me as I wrap my head around what might happen when the KnCMiner pool switches on. Only Jupiter machines will be involved. Each ASIC box capable of .4+ TH/sec. So figure 600 boxes (my guess is 10% of units sold) all hosted by KnC = 240+ TH/sec round the clock, right?
Metaphorically speaking, that's like 600 Bucyrus RH400 hydraulic shovels vs a few hundred guys with teaspoons.
Thoughts? Are my numbers way off? Corrections appreciated.
Metaphorically speaking, that's like 600 Bucyrus RH400 hydraulic shovels vs a few hundred guys with teaspoons.
Thoughts? Are my numbers way off? Corrections appreciated.
If I'm understanding your math correctly, 10% of KnC Jupiters will be hosted? Then 90% would be mining on other pools, right?
But then you're also not taking into account the 200THs Bitfury private pool, ASICMiner's continued growth (perhaps) and all of the other massive proposed projects and not to mention ASIC sales to individuals.
I don't doubt that there will be some pool shake-ups coming soon but I definitely don't think most of the bigger pools (BTCGuild, 50BTC, etc) will suffer greatly. I personally would like to see the small and mid-range pools get their share too but I'm not overly optimistic.
September 03, 2013, 12:39:53 PM
Never thought in a million years I'd see Ruston-Bucyrus mentioned on a Bitcoin forum. 
September 03, 2013, 12:32:20 PM
Metaphorically speaking, that's like 600 Bucyrus RH400 hydraulic shovels vs a few hundred guys with teaspoons.
lol
September 03, 2013, 12:16:45 PM
I'm a noob, so humor me as I wrap my head around what might happen when the KnCMiner pool switches on. Only Jupiter machines will be involved. Each ASIC box capable of .4+ TH/sec. So figure 600 boxes (my guess is 10% of units sold) all hosted by KnC = 240+ TH/sec round the clock, right?
Metaphorically speaking, that's like 600 Bucyrus RH400 hydraulic shovels vs a few hundred guys with teaspoons.
Thoughts? Are my numbers way off? Corrections appreciated.
Metaphorically speaking, that's like 600 Bucyrus RH400 hydraulic shovels vs a few hundred guys with teaspoons.
Thoughts? Are my numbers way off? Corrections appreciated.
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