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Err... No, the network didn't even notice. There's so much noise in the hash rate that any signal is lost. See https://blockchain.info/charts/hash-rate https:/
by RustyRussell 12y ago
Err... No, the network didn't even notice. There's so much noise in the hash rate that any signal is lost. See https://blockchain.info/charts/hash-rate https://blockchain.info/charts/hash-rate and try to find the "disruption".
- jchendy 12y agoWow, rate of increase there is crazy. I don't know a ton about the whole bitcoin ecosystem, but it's pretty interesting that in the past year, the hashrate has grown 100X while the value of a bitcoin has fallen about 66%.
- waterlesscloud 12y agoThe advent of ASICs designed for bitcoin mining made the difference. More hashrate for less electricity, and thus lower costs.