Congratulations to miner 36AisvWi1UiwLTeTZxLzindAkorqeUc3tT for solving the 291st solo block on ! This hefty miner with 38PH would solve a block on average once every ~4 months.
It turns out these JPEG inscriptions are awesome. Someone's wasting tons of money spamming the network in the hope it causes problems for bitcoin. Instead all they're doing is proving the DoS protection of limited block size works.
Congratulations to miner 151XTfHBfaDqoNWGGeYobNX2YzFFWuB5YD with only ~17TH for solving the 275th block at ! That is likely a single S9 miner. A miner of this size would only solve a block once every ~450 years on average
Congratulations to miner with the first bitaxe block, only a tiny 3TH for finding the 290th solo block on solo ckpool! This much hashrate only would find a block once every 3500 YEARS on average, or 1 in 1.2 MILLION chance per day!
Congratulations to another miner with approximately 86TH solving a solo block on ! There are a lot more miners now on the solo pool and if enough people are mining solo, someone will eventually be the lucky one as here.
Congratulations to miner 365ughTgK9Q7rXXTM7vubqy1awZ2AZJijP for solving the 282nd solo block solved at with a large ~120PH at the time (12PH average over a week)
Congratulations to miner 15VYcdhWXB2tpKmFHKT9DcGLWDQJQ2XMJW with 2PH for solving the 279th solo block at !
A miner of this size would solve a block on average only once every 5 years.
To understand why I'm posting about the solo ckpool code - the idea is that I'm making it possible for anyone to mine solo at home. Whilst I don't think people should mine solo as a default it could be a massive safeguard against a series of coordinated attacks on the major pools
I was there. Price really didn't matter back then, we were working on something we believed in at a point where it wasn't at all about price. We wouldn't have gotten here now without that mentality, and this current dip is totally insignificant in bitcoin's history.
#Bitcoin
once crashed to $0.01
11 years ago on this day, the value went from a peak of $32 to just a penny on the MtGox exchange in a temporary drop. If that could not stop
#bitcoin
, then nothing can.
Congratulations to miner 33uUaKyRDWFoKAFPJNp3gjXSd9FRa4Z2GW for solving the 281st solo block solved at with a hefty 7PH of presumably rented hashrate before the halving!
I'm not surprised, Intel ASICs are last generation efficiency. As experienced a chip make Intel is, this is their first iteration, whilst other manufacturers have tackled all the unique problems of btc mining for years and are generations of efficiency in.
Congratulations to the absolutely massive miner 34e2SpLKyxMoZqeeLoVkDuf3VYa4gEvost with ~0.5EH who decided to mine solo for solving the 283rd solo block at . Block:
Congratulations to a miner with 1.14PH who solved the 264th solo Bitcoin block at ! There was once again ~20% chance that one of the miners at the pool would have solved a block by now.
Congratulations to a miner with 60TH who solved the 266th solo block at ! There was an ~81% chance that someone on the pool would have solved a block by now.
Congratulations to miner bc1q2za4ejga366sn288273pty8trasn5zs4y9hqg6 with ~1PH of hashrate at solving the 277th solo block at ! A miner of this size would only solve a block solo on average once every 7 years at current diff
Someone solved a block solo last night using my older solo ckpool code. No details regarding the size of this miner nor duration of their solo mining can be ascertained from the block details but congratulations to them.
I am trialling a new feature on in the interests of ultimate transparency that allows you to monitor which transactions are being included in the current block template.
I had a look back at when I started creating cgminer in 2011 and when it started being replaced as the defacto standard Bitcoin mining software only recently and realised that at least 10 million Bitcoin has been created with my software and it's still minting Bitcoin today.
Congratulations to the massive miner 3PFJX8ZrbGHjsf4r6wZk3aUHH9uxK4rwHJ with 750PH for yet another even luckier block in less than 24hrs as the 286th solo block solved at !
Welcome to the new solo miners since yesterday's solved block announcement. My regular community service announcement to all the newcomers solo mining: Solo mining is gambling and the vast majority of you will lose money and never get any rewards.
Congratulations to miner 365ughTgK9Q7rXXTM7vubqy1awZ2AZJijP for solving the 282nd solo block solved at with a large ~120PH at the time (12PH average over a week)
Exchanges that have wasted resources on shitcoinery such as Binance when they should have implemented lightning years ago are scrambling to correct their mistakes.
When people ask me why I don't start a regular btc mining pool, I assume most of you don't know I used to run one with ZERO fee as a service to the community, and yet even that wasn't enough to attract adequate hashrate for the pool to solve blocks regularly.
Here is a random photo of my 3rd and last GPU mining rig with 4x7970 GPUs over a decade ago before moving to all ASICs. Blocks were still 50BTC each, and BTC had dipped to $0.30 just before I started building this rig.
@BTCMiningMuseum
Miners' fee rewards are at a record high. Blocks are still limited to 4MB in size unlike ridiculous big block shitcoin forks would be. Blocks are validated and propagated at the same rate they always were. Regular node operators can still validate all the blockchain.
Congratulations to our absolutely massive whale of a miner 38WdbKJRUf7efyAgmaoayrpY44U3d3FpvC who scaled up to 1.2EH for solving the 285th solo block at in only about 1/3 of the time they'd normally solve a block.
Make no mistake about it, this looks for all intents and purposes to be a coordinated attack, but it's coming at great cost to the inscriptors, and all they're doing is a stress test on bitcoin nowhere near as bad as we've seen before at their expense.
Did you know that miners have the power to kill off the FPPS mining pools? If every miner used block withholding the pools would go broke in no time, whilst the miners would still get paid. The mining difficulty would even drop. I'm not condoning or recommending this of course...
I have since confirmed that this is indeed a new miner, that joined less than 2 days ago presumably in response to the other lucky block solver, so they've been astronomically lucky in solving a block solo in that time.
@Jean_Bon_Beurre
@SGBarbour
Depends on how long he was mining for. You have about a 1 in 10,000 chance of finding a block per day with that hashrate, so one block on average every 10,000 days (but the chance keeps diminishing over time as global hashrate rises.)
Fees are at a record high as a result, making the base layer 1 prove it still works perfectly well as a settlement layer. Layer 2 solutions such as lightning being the way to handle scaling and microtransactions are proving correct.
I've been working on the Dragonmint T1 to get autotune working for better efficiency and/or better hashrates. Results are promising, so hopefully
@HalongMining
will have new firmware for you all to try.
@drwolfff
For the miner involved it's a once in a lifetime chance. Last time a miner this small solved a block on my pool was only a year ago though. It's usually larger miners that solve blocks statistically but there is no reason even the smallest miner can't solve one.
Meanwhile the Bitcoin blockchain continues its honey badger imitation, smoothly generating block after block without interruption or requiring regular hardforks, intervention, or restarting.
Pay attention; for all his hatred for bitcoin, he understands the halving and bitcoin's issuance more than most journalists and virtually all economists. Irrespective of whether you agree with his conclusion or not, ask yourself why he knows these.
A miner of this size should only find a block solo about once every 500 years at the current bitcoin difficulty, making this a once-in-a-lifetime lucky event for them.
Went to pay for something online that said they accepted btc only to find this shit at checkout and no way to actually use btc. Coinbase still avoiding being a Bitcoin company whenever possible.
Do not get hung up that
@saylor
is saying bitcoin is only useful as a Store of Value and not a Medium of Exchange. He has made it clear that is the only use case he cares about and is trying to orange pill other big corporations into adopting it as their treasury reserve asset.
Who or what is behind the attack is irrelevant, but I'd point the finger at major shitcoiners hoping for a flippening in response. To spam the blockchain at this level would cost millions per day and is unsustainable indefinitely.
Inflation is caused by the Federal government spending more than it earns, because they just print more money to make up the difference.
To solve inflation, reduce wasteful government spending. Your tax dollars should be spent well, not poorly.
For smaller miners on , the presence of one massive miner has no effect on your mining, or chance to solve a block. There was a pool many years ago that used to prioritise communications to its biggest miners, but solo ckpool does not do that.
Here is what the ckpool console showed when he solved the block. Assuming they have been mining continuously on the same address, they solved the block after only 9G shares. At the current diff of 51T, that is a one in ~5,500 chance.
Don't expect BTC price to spike immediately following the halving. No one but the miners will even notice anything to begin with. It will simply be providing more long term buy pressure which will take months to re-equilibrate to.
Introducing Apollo II
The Home Miner Revolution is here
Apollo OS 2.0
Built In Stratum Solo Pool
5nm ASICs
6-10TH/s Hashrate
As low as 28W/TH
200-400 Watts of Power
Starting at $799
Incredibly according to the logs they appear to have only started mining solo to this address 19 days ago, and increased their hashrate to 3TH only in the last 24 hours. There is no way to know if they were mining on different address with extra hashrate but that's unlikely.
ckproxy: It appears many people do not know my ckpool software that has been available for a decade can be run as an ultrascalable very low overhead stratum proxy in ckproxy mode (to any pool.)
@peterktodd
@ocean_mining
I checked the logs at my pool. The new header for block 823924 was seen at 22:32:26.151920, and my pool was sending out a full transaction set at 22:32:26.334802, 180ms later. Mining an empty block 7 seconds later is inexcusable.
Across the last halving was solving so few blocks that I increased the pool fees to make it worth keeping the pool running. I'm pleased to say this time with BTC up so much and having solved far more blocks, the fee will remain 2% after the halving.
Picked up a new pastime to help keep me occupied and sane during our lockdown. Bought a telescope and astrophotography camera and took this last night.
We're finally on track for the first significant drop in bitcoin mining difficulty post halving, as all the hangers-on mining way below their profit points are finally decommissioning their inefficient miners or getting out entirely. The current estimate is at least a 6% drop.
Every Bitcoin correction feels like nuclear winter, but every cycle proves HODLers to be the cockroaches of nuclear fallout, emerging 100x better off than other species by the next cycle.
Went to pay for something online that said they accepted btc only to find this shit at checkout and no way to actually use btc. Coinbase still avoiding being a Bitcoin company whenever possible.
Congratulations to miner39nDQ9BexEBXpRdkHY1z95CaMDEwh6muPW who solved the 270th solo block at with 6.7PH but doesn't appear to have been mining for very long
It appears I just got to 5,000 followers. Welcome all, I'm only here for the revolution in money. I'm not running a business or selling anything so if you get any messages from someone claiming to sell you something, it's a scam. Beware of impostors.
I've been through all the halvings, and this 4th one had 100x the hype - and drama - of all the previous ones combined. The first was accompanied with mostly trepidation and intrigue and a fun transient spike in hashrate and fees. The 2nd and 3rd were just regular days.
Before you buy into any arguments that Bitcoin needs X feature or its future is at stake, bear in mind that Bitcoin got to where it is now precisely by avoiding adopting X other features countless times in the past, along with infamous rage quits by the people pushing them.
Today we are announcing a new company.
For years, blockchains have focused on (1) marketing to new users and (2) communities with reporters via PR.
These efforts are necessary, but they neglect the most important group of people for a blockchain — the ecosystem stakeholders.