Topic: [∞ YH] solo.ckpool.org 2% fee solo mining USA/DE 255 blocks solved! - page 131. (Read 1514767 times)

What I see happening is BIP148 user activated soft fork will be a miserable failure but it won't matter. By that stage most pools will be signalling segwit thanks to segwit2x. Segwit will get activated and then fees will remain low, blockstream will not commandeer the blockchain, lightning network will not centralise transactions, nothing bad will happen and everyone will wonder what the fuck all the fuss was about. There will be no need for antpool with Jihan at the helm to create an aggressive hard fork against UASF; that was always a bullshit powerplay "I want my lollipop back" from Jihan as a counterthreat to UASF which hasn't got anywhere near enough traction to be relevant anyway. So nothing will happen to diff, there will be no fork, there will be no change of PoW. Forget the talk of diff drop to 2014 levels; that's off the cards entirely. The confidence that consensus will instil in the market will be reflected by yet more BTC value increases... till the next phase. The fun part is now that most of the pools are agreeing on what to signal next, transaction fees have suddenly plummeted due to total transactions plummeting - which means it's almost certain that someone amongst the pool groups was the architect behind the transaction flood which made it look like there was a transaction block space crisis. There's no economic reason for the total number of transactions to crash the way they have over the last week with BTC value being so strong right now.

After that people will be left scratching their heads wondering if we even need a 2MB block size increase at this time, but because all the pools made such a fuss about it, we'll have our next debate, but the pools have already insisted they want a block size increase and signed the NYA. I'm not sure how core will respond at that stage because that will be the true test of whether the miners can effect a change in consensus - but despite all the anti-core rhetoric, core dev has always overwhelmingly said they would do a block size increase but with a much slower time frame than that proposed by segwit2x simply because the regression testing required to confirm a hard fork is safe is substantial. I predict we'll get a 2MB base blocksize increase as well, though how and when I can't tell at this stage.

By the way, the current segwit2x "signalling" is just a show of support in their coinbase signature and doesn't change the way anything operates. However what it is saying is that they will be actively signalling from mid-July for segwit.

What does this mean for current ASIC miners?

CK,  From what you have seen over the years what do you think the activation of this would bring for the network?

Some are saying that we could possibly see a revert to 2014 / ish year difficulty drop if bitmain follow through with there "intended" plans?

What is you view on it and how do you see it being played out?

Thanks

By the way, if you've all only been remotely watching the scaling debate from a distance, segwit2x appears to truly gaining enough traction to bring segwit activation to the fore.

The pools that signed the agreement just started signalling for it and it is taking off faster than any other scaling signalling. See:
https://coin.dance/blocks

Unlike the original proposal, it includes BIP91 meaning it is compatible with core's segwit now. The rapid adoption of segwit2x, which with the addition of BIP91 means that miner activated segwit is now likely on the horizon at last, and since there is overwhelming support for it and the associated 2MB hardfork in the future, that may also follow.

It is not a hobby.  Bear with me Con (I know it is off topic but I will only post once).  Bitcoin has far better tax consequences than the crooked 529 plans most people use for college savings.
In the USA, you can gift your kids up to $14,000 per year.   So, when you do your 2016 taxes (assuming you have filed an extension), you would record the day of the year in 2016 you gave them XX BTC (worth $14,000 or less).    You would file the return and print and retain a copy for later.

My kids are 11 and 13.  Their fidelity 529 "grows tax free" but returns almost nothing (nowhere near market).   When they get to college, they can use that money tax free.

What is BETTER (and has worked out better SO FAR), is that I gift each one of them $14,000 worth of bitcoin and they own it at the price of the gift.   The 2016 gift was around $450 per coin.   Now when they get to college (or if they choose to do something else), they can sell the coins and only pay capital gains taxes.

Capital Gains taxes are currently ZERO percent as long as your income is under $37,950.   That means they can sell enough coins to havea $37,950 gain each year at college and pay NO TAX on it.   This is a great college savings plan.

This year the miners pointed at SOLO will be part of the gift and if they hit a block, all the better.

Getting your kiddos into an expensive hobby.   atleast they getting a foot in the door and not coming in blind

Thanks, that likely explains it.
I do not know how long (sad but true), I just bought some miners for my kids and pointed them here while I was setting up all our miners on Kano so it might be a month but I would believe it may only be two weeks.

Have you been mining here for 4 weeks? The value is an exponentially decaying average with a time constant of 7days which isn't quite the same as your average for only the last 7 days. It's close enough to the same value normally that I let people assume that's what it is.

Caveat:  I understand the site is minimalistic and am not complaining about that at all but,

I glance at the stats every now and then (maybe once a day) to make sure all the miners are running.   The rates seem to be correct but my 7 day always seems to be low (as if one is down).   Is that a bug and I should ignore the 7d and just watch the 24h?

"hashrate1m": "111T",
   "hashrate5m": "107T",
   "hashrate1hr": "104T",
   "hashrate1d": "104T",
   "hashrate7d": "89.6T",
   "lastshare": 1497624984,

In future, we will be looking to add miners with better hash rates and possibly split the work 50/50 between TX mining and lotto mining.

Post here or PM me the address.

My stats on there don't seem to be changing but my miners are mining which is odd.

Every minute.

How long does it take http://solo.ckpool.org/users/ to update its statistics for a user or has this been switched off ?

so by renewable? you mean after you use the energy, you can use it again? 

JK!  Good luck on your project

Started to fire up some machine for a project with renewable energy onto the solo pool, Fingers Crossed!

This is Bitcoin, the only thing that's guaranteed is something will always change. 

 . DAMN!!!
And that's not even guaranteed.

~33.8PH/s @ 678,760,110,083.0 diff

So at the current difficulty,  how much Phash would avg a block a day?