Where can we see the total hashrate of the network? I can see the hashrate of my pool but I have no idea about the network hashrate...
If the hashrate is correct, maybe we can just extend the 90 coins block reward for longer (6 months or so) instead of increasing the block reward... Because if my calculation is correct, block reward will halve again in 13 days or so. If the new wallet is not out by then and the price stays the same, more miners will leave and the network might be in troubles...
network hashrate == difficulty * 2^32 / 15 ## ( 2^32 is the max hash value the miner is looking for in 8secs ) (15sec blocks )
so at the current difficulty 720.5789057 * 65535 / 15 = 3148209.2390033 = 3.14 GH/s
are you sure?
2^32 = 4294967296 and not 65535. this would mean the hashrate is extremely high...
but:
my pool says it has a hashrate of nearly 0.4GH/s and it gets nearly all blocks, so i'd guess the net-hashrate is somewhere at 0.4 GH/s
coinmine is reporting 0.386 GH/s
http://prt.npool.org:2300/static/ 0.025 GH/s
forkpool 0.0048 GH/s
http://www.mine-pool.net/ 0.008 GH/s
prt.suprnova.cc 0.001 GH/s
Yes. Going by the hashrate of the pools I have found my humble calculations are incorrect. Unless we have solo miners..
Definitely believe we have solo miners under the woodwork that dont talk or participate in the community.
I operate solo due to smelter only allowing solo mining. Though with my setups if I could mine pools, I would. it wouldnt be to hard to distribute my hash rates out across everyone's pool to help stabilize the distribution.
Seeing 1/8 of my profits go to the creator suchs, but understandable for him to take a portion of profit and not release pool based miner. I give smelter props regardless
Are you using version0.1 of smelter still? Since version0.2 it has been 1/10 cut.