Mega spike in hashrate on SoloCKpool

[Loshi]

Hello I noticed today a giant spike in hash rate all the way tipping off at 548PH/s 

Any thoughts on who with what kind of miners could have caused this massive spike?

https://ibb.co/2VPhRx0 1st image ------2nd image https://ibb.co/C3ZLhPBZ

Could there be some massive group out there with a large amount of miners getting ready to try and take over a large amount of the hashrate?

-LoshiBTC

[MaxMueller]

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.

[Loshi]

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.

oh okay that makes sense then. I was thinking and debating on renting some units to get over 150TH/S in total

-LoshiBTC

[FP91G]

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.

[Loshi]

Hello I noticed today a giant spike in hash rate all the way tipping off at 548PH/s  

Any thoughts on who with what kind of miners could have caused this massive spike?

https://ibb.co/2VPhRx0 1st image ------2nd image https://ibb.co/C3ZLhPBZ

Could there be some massive group out there with a large amount of miners getting ready to try and take over a large amount of the hashrate?

-LoshiBTC

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

[joniboini]

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 !

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.

[noorman0]

-snip-
Could there be some massive group out there with a large amount of miners getting ready to try and take over a large amount of the hashrate?

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.

I can't access your image, btw. Are you sure you copied the right link?

Try this: https://ibb.co.com/cSDrfnP8
Just add [.com] for other links.

[MaxMueller]

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...

[FP91G]

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.

[aysha9853]

This kind of spike shows up on SoloCKpool from time to time, usually it’s 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.

[Loshi]

actually this happens more than you think, sometimes groups on telegram or discord organize a "solo party" where everyone points their hash to one address for a limited time to try and snatch a block away from the big pools, it’s the ultimate "us vs them" move in the mining world

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

[Taurox]

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

[FP91G]

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.