GPUmax seems to be buying again nonstop atm, and has been for the past 8 or 12 hours. I dont know how many GH GPUmax controls, but its clearly in the 100s of GH, if not nearer 1TH.

The first post in this thread shows a list of approved pools where you can send hashes to if you buy them. We all wonder who is buying, but perhaps we can find out at least where they are being sent. I checked them all, one by one. Lets go over them:

Deepbit. It has no historical charts for hashrate that I can find, but its currently at 3.9 TH, which is roughly where it was yesterday.
Slush, no historical charts either, but atm down ~200GH compared to yesterday
BTC guild. No real change: https://www.btcguild.com/pool_chart.php
Ozcoin: down by 50 or so GH, perhaps more, but they had some downtime: https://ozco.in/content/hashrate
Arsbitcoin:  not sure, but compared to Organofcorti's analysis, down by 50+GH https://arsbitcoin.com/poolstats.php
Eclipse: no change: https://eclipsemc.com/graphs/historical_rate.php
Bitclockers: no change, slightly down perhaps but also had downtime: http://bitclockers.com/statistics
BTCmine: down ~50GH compared to yesterday : http://btcmine.com/stats/
Bitminter: down ~40-50GH compared to yesterday (no charts, but https://bitminter.com/livestats/big)

So almost all of them are down since gpumax became active again and miners are no longer mining on their private pools; ,
But best I can tell, none are really up either. So if those "lost" hashes from the above pools,  plus the hashes that come from pools that are not on that list,like Clipse and Goat, P2Pool, or whatever,  if they dont end up on any of those approved pools... where are they going?

Pirate, is that something you are willing to disclose, and if not, why not?


edit: shortly after writing this, gpumax seems to have stalled, and I notice deepbit is down ~400GH, slush is back up the 200GH it was missing earlier. Are they being sent to deepbit?

Morning,

I have to say that I'm always impressed with the lengths our community will go to find out all kinds of statistical data.  With that said, GPUMAX does not disclose current/historical hash rates or by whom/where the hashes go.  I can tell you that we've gained the attention of some very large miners that need no pool to be profitable.  So even if you could gather all the information on every pool it would be hard to determine a total.  We do plan on adding some indicators on the site that show the loads we send to each pool but that is down the road a little longer. 

P.S.  If you believe we've had this much trouble managing "100s of GH" I'm confident in saying that you might be underestimating us. !

In other news, the system ran last night without issue and looks like we fixed the primary bug that was holding us back.  Now on with the show...

-pirate

Who is buying?  We do have some addicts.


The approved pool list is a bit outdated as well.  I'll get it updated, we're always testing new pools, capable speeds and it get's tedious to keep updated.


We have no shortage of purchases and with a few things "coming soon" the purchase volume is only going to increase.

I know some people want more information and it seems to be clouded in mystery but I'm confident that within the next month everyone will see the big picture and we can all just sit back and enjoy.

Is it OK if I use this:  coming soon^TM

You and me both, but if you of all people don't know then i just give up the search

Alright, after messing around w/ GPUmax more I think I understand it better now.
I still dont get why someone would want to buy shares at such a high rate though.
I assume 2 so far: With PPS mining through this site, the best setup would be, try to get higher PPS rate when your work leased out to public, if its not being leased, send work to a PPS pool, because sending to prop pool would be pointless, cuz prop return would be horrible if your miners are doin leased work most the time.

Also, Im guessing the whole point to purchasing shares, even at such a high rate, your willing to bet those shares against the luck of a given non pps pool...that way you have a chance to make a profit on those overpaidfor shares when the pool is really lucky. What sucks is , if the pool is really unlucky while mining it w/ your purchased shares, then you not only lose money in the overpaid pps rate, but also since luck would be low, you miss out on that too.
So, I understand the mining on this site. I just dont know why someone would pay such a high rate on PPS all for a gamble on luck in prop pools.
I mean sure its being able to mine w/o needing hardware, but @ current rate its at a loss.
So, whats the appeal in buying shares?

There should be more addicts thank you for your work !

Who cares?  Do you stand outside the casino asking everyone that goes in why they are going in when there is a known house advantage?

Yeah no kidding, I care and am curious.
Cuz all I can see it being useful for is betting on the luck of prop pools.
Or manipulating pool rankings without needing to purchase hardware.
**

I guess another reason why it MAY make sense is for those who pay a LOT in electricity to mine.
I know about 1/3rd of my mining goes back into paying for electricity. So, that chops off about 33% from the 160% one pays for shares. Bringing the payed price in shares down to around 127%.
I dont pay that much for elec, but also dont have the most efficient setup either.