Hey everyone, I just saw a huge jump in the hash rate today, hitting a crazy 548PH/s.
What do you all think? Who's behind this spike and what kind of miners are they using?
Check out the first image here: https://ibb.co/2VPhRx0 and the second image: https://ibb.co/C3ZLhPBZ.
Is it possible there's a big group out there with a ton of miners gearing up to grab a chunk of the hashrate?
-LoshiBTC
I guess thats kind of solomining with rental hashpower.
Have a look at Willis Blockparty.
That was 30 PH/s rental for maybe $1000. Therefore 548 PH/s is not that big volume.
I advise everyone not to look at daily statistics. Someone could have received a bonus at the end of the year and played the solo mining lottery.
There could be many reasons for this, but if the hashpower is rented, the statistics will soon change.
update day later seems that the spike as 3265 Miners that a source has with 335PH/S causing the major influx and seems that are here to stay now being up a little while now making SOLOCKpool hashrate jump to 665PH/S !
https://ibb.co/cSDrfnP8
-LoshiBTC
I can't access your image, btw. Are you sure you copied the right link?
I'm not sure if we can use 2 days' worth of data to assume how they'll use or move that power. It feels pretty small, hard to make a prediction based on that. Heck, even a week might not be enough to judge that.
Not yet.
0.665 EH/s doesn't have much of an impact on the total 600 EH/s network. I think it's correct to assume a pool is engaging in hashrate aggregation (hashrate rental, inter-pool collaboration, etc.) or just some entities are switching pools for a short-term event.
Try this: https://ibb.co.com/cSDrfnP8
Just add [.com] for other links.
Let us wait a little longer and we will see how the pool hashrate devellops.... to my mind that is nothing unusual and absolutly nothing to worry about...
As it was said before, there could be many reasons for that...
I don't see the point in watching this. Solo mining is growing quite well right now, because mining Bitcoin at home is very problematic due to the high power consumption of ASICs. There are a lot of devices for solo mining on the market. Some people even combine it with heating.
This kind of spike shows up on SoloCKpool from time to time, usually its not some secret army of miners. big farms or even pools sometimes point hash temporarily to solo pools testing firmware or chasing a block for fun.
My birthday is febuary 28th I would't mind to attempt to see if a group of people would like to gifteth me some hashrate to get to 300-500+ TH thinking about doing luxur pool to earn some passive btc forra bit then go back at solo mining once some more of my miners come in by the time of my birthday might already have 300 so hopefully I can see if folks could be bless for get me to 600-750TH/S
-LoshiBTC
does anyone actually make money with luxury pool lately or is it just another way to get dust in your wallet, to be honest solo mining with 300 th is a huge gamble and you might go years without finding a single thing, maybe stay with a regular pool if you actually need to pay your electricity bill lol
I've seen miners get a block even with a lower hashrate now, but that's very rare. It's already been said that winning the lottery is more likely, but here, it's up to each person to decide what to do. If you have cheap electricity or a consumption limit to spend, you can try solo mining.