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It dropped because of the bitcoin cash/bcash/BCH fork. Some miners went to the new chain, for a while it was possible to game the BCH chain to get a faster rewa
by celticninja 9y ago
It dropped because of the bitcoin cash/bcash/BCH fork. Some miners went to the new chain, for a while it was possible to game the BCH chain to get a faster reward, this meant for approx 2 weeks a lot of hashing power left bitcoin causing the next difficulty adjustment to be down. As the other commenter pointed out Bitmain have a bit of a monopoly at the moment but there is a new company offering chips soon so we could see a significant increase in the next 6-12 months as these chips come online.