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You're throwing out a lot of heat in this thread but not much light. To address just the very first 'factual' claim in your comment here: > I’m no denier, I ha
by oska 8y ago
You're throwing out a lot of heat in this thread but not much light. To address just the very first 'factual' claim in your comment here:
> I’m no denier, I have facts. The declining hash rate
Please check the difficulty page on Bitcoinwisdom [1] and scroll to the bottom where the history of hash rate changes over the last year is shown. You will find that over the last year it has gone from 18,633,553,122 GH/s on January 25, 2018 to 43,390,041,906 GH/s on February 10, 2019. So more than doubled over the last year while the price was rapidly declining. You will also see that there was a drop in hash rate over November/December after a peak in Octeber last year but the trend is now back up again. And as I said above, the trend over the whole year is obviously up (it more than doubled).
[1] https://bitcoinwisdom.com/bitcoin/difficulty https://bitcoinwisdom.com/bitcoin/difficulty
- arcticbull 8y agoYou are correct, I was referring to the drop from late August through mid December. I hadn't checked and assumed the trend continued, thanks for clearing that up!