Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: lenart_o on June 05, 2016, 10:07:34 PM



Title: Litecoin hashrate and KNC bankruptcy
Post by: lenart_o on June 05, 2016, 10:07:34 PM
Hi,
Did you hear about KNC??
https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.breakit.se%2Fartikel%2F3867%2Fsvenska-bitcoin-jatten-knc-miner-i-konkurs-konkurrensen-for-tuff&edit-text=
 (https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.breakit.se%2Fartikel%2F3867%2Fsvenska-bitcoin-jatten-knc-miner-i-konkurs-konkurrensen-for-tuff&edit-text=)

and what I saw after that??
http://imgur.com/ZKZSYtr

They switch off 400Gh/s of titans??

Or it's only a coincidence??
What you think about it??


Title: Re: Litecoin hashrate and KNC bankruptcy
Post by: shyliar on June 06, 2016, 12:32:45 AM
Others have suggested the same thing. The KNC contribution to the bitcoin network is still operating. It's very unlikely they would turn off the more profitable Titans and keep mining Bitcoins.

If you look back to late November early December last year there was a similar drop in hashrate. A week later the hashrate was back. It's likely the hashrate will return soon.

Meanwhile I'll enjoy the extra profits.