The computing power of the bitcoin network is decreased suddenly at 35%. Where there has been a month of records together that were laced, it was the hashrate suddenly go down. How can this be explained?
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Hashrate bitcoin
It is not unusual for them to have the computing power of the network is unstable. However, the level of yesterday reached to touch, it was remarkably low.
The hashrate dropped to 102 PH/s for 67 PH/s. This is a decrease of 35%.
Here you can watch the live and details of the hashrate on the blockchain.com. According to the coin.dance of the hashrate now been revised up to 88,3 PH/s. However, it is still well below the old record.
At first glance, this decline is unexplained. In november of 2017 had a Bitcoin, a sudden drop in hashrate of around 50%. This resulted in a longer turnaround time of the transactions, and a decline in prices.
As a part of the miners got at the time, also to the Bitcoin Cash-this. Yet, it seems that in this situation, it is not always the case.
Mining BTC
Earlier this month, and reached a bitcoin of the historic milestone of 100 PH/s. Nic Carter has had this growth since the start of 2009, in a logarithmic scale, and plotted as:
Is there any process, bounded by physical constraints – and that has grown at the pace or in Bitcoin’s hashrate in the last decade? We’re talking a 0-to-100 quintillion. “It’s preposterous, even on a log chart pic.twitter.com/5e7ohqWlcC
nic carter (@nic__carter) on September 19, 2019 at the latest
This expansion has been to focus on the fact that there are a lot of new mining devices will be connected to the network.
Thus, the Bit Farms, a 2,500-new Avalon, A10, and miners are being purchased. There are, reputedly, over the last few months, a total of up to 600,000 new miners are turned on.
The long waiting lists for producers to make sure that there is, in the first quarter of this year, a lot of new miners to the cryptolandschap to enter.
Pre-orders are due to the increase in interest will not immediately be dealt with.
The higher the hashrate, the more competition there is for a new blocking-to-min is stored. Because of this, it is also more difficult in order to have a successful 51% attack.
The network will get a higher hashrate and a lot safer.
Source: Cointelegraph
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