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Looking at the Bitcoin hash rate, it doesn’t look that extreme: https://www.blockchain.com/charts/hash-rate https://www.blockchain.com/charts/hash-rate What am

Looking at the Bitcoin hash rate, it doesn’t look that extreme: https://www.blockchain.com/charts/hash-rate https://www.blockchain.com/charts/hash-rate What am I missing? Even of the whole of Kazakhstan stopped mining, and I hope they do, it wouldn’t kill Bitcoin. The difficulty will adjust but more miners will jump in as the difficulty goes down making it more affordable for others, fueled by greed unfortunately… On another note, I’ve always wondered how so many people are running full nodes, knowing that they’re essentially hosting CP images and why this isn’t being cracked down on: https://internetofbusiness.com/bitcoin-blockchain-contains-illegal-porn-say-researchers/amp/ https://internetofbusiness.com/bitcoin-blockchain-contains-i...

exdsq 5y ago
Nothing - it just won't have reached the front page if the headline was "Bitcoin hash rate is reduced by 1%" or whatever
jtbayly 5y ago
I don't see Jan 5 data on that site yet. What am I missing?
- jtbayly 5y ago
  But now that the data from the 5th is there, I’m not seeing a drop. Perhaps it will show up on the 6th? Or the article was wrong? Or this website’s estimates off hash power are wrong?
- sudosysgen 5y ago
  You're not missing anything.
rlpb 5y ago
> ...knowing that they’re essentially hosting CP images and why this isn’t being cracked down on See "What Colour are your bits?" https://ansuz.sooke.bc.ca/entry/23 https://ansuz.sooke.bc.ca/entry/23 Essentially this is the "nonsense conclusions" described there, but in inverse. If you're not interested in those images and don't even know specifically how to decode them, then legally you're probably not in possession of them just as I'm not worried about accidentally generating something illegal in some encoding or other by running my random number generator. And nor is any prosecutor going to care.
baybal2 5y ago
A lot of "Kazakhstani pools" are not in Kazakhstan physically, but are just people who buy their shipping container miner farms.

exdsq 5y ago

Nothing - it just won't have reached the front page if the headline was "Bitcoin hash rate is reduced by 1%" or whatever

jtbayly 5y ago

I don't see Jan 5 data on that site yet. What am I missing?

jtbayly 5y ago
But now that the data from the 5th is there, I’m not seeing a drop. Perhaps it will show up on the 6th? Or the article was wrong? Or this website’s estimates off hash power are wrong?
sudosysgen 5y ago
You're not missing anything.

rlpb 5y ago

> ...knowing that they’re essentially hosting CP images and why this isn’t being cracked down on See "What Colour are your bits?" https://ansuz.sooke.bc.ca/entry/23 https://ansuz.sooke.bc.ca/entry/23 Essentially this is the "nonsense conclusions" described there, but in inverse. If you're not interested in those images and don't even know specifically how to decode them, then legally you're probably not in possession of them just as I'm not worried about accidentally generating something illegal in some encoding or other by running my random number generator. And nor is any prosecutor going to care.

baybal2 5y ago

A lot of "Kazakhstani pools" are not in Kazakhstan physically, but are just people who buy their shipping container miner farms.