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1  Bitcoin / Mining / Dramatic fall in network hashrate? on: June 08, 2011, 07:41:18 AM
First off let me say I'm basing my thought on information from the following, but I believe they are reputable sites:
http://www.bitcoinmonitor.com/
http://blockexplorer.com/
http://deepbit.net/stats
http://bitcoincharts.com/markets/mtgoxUSD.html

It is taking a while for a block to be found. Is there any other reason besides people going offline? With the increase in difficulty (not much really) would that be enough to stop people from mining? Makes no sense to me while btc / usd(or any other form of currency) is going up.

Obviously I think there is a shortage of graphics cards on reputable hardware (egg (can't think of a better term than egg even though it's a little obvious lol), lion, and if you include the rainforest), and for me at least living in a city of almost 1 million including metro area, I have no good computer hardware stores around, so I think there will be a break in computational speed going online, but that shouldn't have affected it yet, if it will at all.

Obviously this doesn't change my overall chance of getting a block, but is this a sign that the next difficulty increase will be a lot less than expected? This is just an indicator, but it seems to be a significant shift away from previous growth.

Thought? Opinions? Let me know : )

(omg chrome, thanks for saving all my writing as my session timed out while I was typing this)

First post, yay!
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