Hashing Power Tops 400 PH/s For The First Time

[fgordillo]

Does anybody have an answer to why this is happening?


http://www.theblockchaininfo.com/bitcoin-network-hashrate-tops-400phs/

[TheRealSteve]

why, magic of course

it couldn't possibly be because increases in hashing power have been the norm, on average, in a long time, and it's been approaching 400Ph/s for a good while now

nope, 's gotta be 16nm magic.  or 14nm fairies.  3D FinFET SiGe 10nm magic fairies.

[jonnybravo0311]

You forgot the magic gun-wielding cats riding fire-breathing, rainbow-surfing unicorns 7nm chips!  IBM did it, and they must have produced miners from those chips!

(Thanks to LiteCoinGuy for that image)

[Philipma1957onvacation]

And the chips keep coming.

[alh]

You guys have it all wrong. It's the BitFury mining light bulb that's filling in all the hashrate these days. That's why nobody can see, it's so well distributed. Forget those multi-TH miners, it's a hoard of 5GH miners that's doing it........

For OP and others, this and several others are really flippant responses, in case it isn't obvious. I have to hand it to Mr. Bravo, for the most excellent graphic. That needs to be on the package of some vapor-miner.

[xstr8guy]

And the real answer to your question...

Most likely it was just a peak due to variance, i.e. good luck for the entire network. The current estimated (keyword!) hashrate is 374PHs.