Bitcoin Forum
June 21, 2024, 02:45:21 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2016-01-19][Forklog.net] Bitcoin’s hashrate now requires eighteen zeros ...  (Read 318 times)
bezbezbez (OP)
Sr. Member
****
Offline Offline

Activity: 367
Merit: 250


View Profile
January 19, 2016, 06:40:42 PM
 #1

Bitcoin’s hashrate now requires eighteen zeros to write it down

For the first time in the history of cryptocurrency, the overall hash rate of bitcoin network has exceeded a thousand petahashes per second, thus reaching one quintillion operations, or one exahash, per second. This value might be considered an explicit expression of miners’ position, who apparently continue actively maintaining the network notwithstanding the recent Hearngate and the events around block size limit debate, which some have already dubbed a civil war within the community.


Read more: http://forklog.net/bitcoins-hashrate-now-requires-eighteen-zeros-to-write-it-down/
Twitter: https://twitter.com/forklog_en
Facebook: https://www.facebook.com/forklogen
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1011


In Satoshi I Trust


View Profile WWW
January 19, 2016, 06:45:23 PM
 #2

Forklog.net is a good source of information since it started, thx.  Kiss

odolvlobo
Legendary
*
Offline Offline

Activity: 4354
Merit: 3273



View Profile
January 19, 2016, 09:29:52 PM
Last edit: January 19, 2016, 09:46:04 PM by odolvlobo
 #3

This statement is incorrect:
Quote
Most probably, the hash rate spike is caused by launching of a new mining center or commissioning of new mining equipment.

Hash rate spikes are due to the random nature of the mining process. The reported hash rate is an estimate derived by measuring the time between blocks. The time between blocks is random. If that time happens to be less than 10 minutes each for many blocks in a row, then it will appear as an increase in the hash rate, even if there is no change in the actual hash rate.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!