Bitcoin Network Hashrate Tops 400PH/s [edit: WAS THE INCREASE UNTRUE?]

[unamis76]

Was it a glitch that showed the strong spike? Or was it manipulated in some way?

What other tools do we have to see network size, to control if it ever was at 465pb?

I don't know if the news article was manipulated or not in any way, but one thing is for sure, we passed 400 PH. That could be seen on any website that display global hashrate.

What other tools? getmininginfo on Bitcoin Core console

[Karartma1]

It's quite normal. Bitcoin's price was too low to mine for most of miners, When the price went up home miners etc started their rigs.
It wasn't the first time we've seen 400+ Phs (according to blockchain.info's graph).

[yeponlyone]

It's quite normal. Bitcoin's price was too low to mine for most of miners, When the price went up home miners etc started their rigs.
It wasn't the first time we've seen 400+ Phs (according to blockchain.info's graph).

Thanks unamis76 and Karartma1, I will keep looking into it, especially since they reported 465ph with no indication of stopping rising.

[Nexious]

It's quite normal. Bitcoin's price was too low to mine for most of miners, When the price went up home miners etc started their rigs.
It wasn't the first time we've seen 400+ Phs (according to blockchain.info's graph).

Thanks unamis76 and Karartma1, I will keep looking into it, especially since they reported 465ph with no indication of stopping rising.

We have reached it before, but that sudden increase and then it disappeared makes me think it could be next generation hardware testing. That's just speculation of course

[unamis76]

It's quite normal. Bitcoin's price was too low to mine for most of miners, When the price went up home miners etc started their rigs.
It wasn't the first time we've seen 400+ Phs (according to blockchain.info's graph).

I was about to say that, but I didn't confirm on the graphs... also though so

And yeah, it's just basically people turning on their miners because of the price increase. The wrong time to turn them on, IMO

We have reached it before, but that sudden increase and then it disappeared makes me think it could be next generation hardware testing. That's just speculation of course

My thoughts also But I don't have any numbers or proof about that... Maybe KnC and their 16nm chips?

[Nexious]

We have reached it before, but that sudden increase and then it disappeared makes me think it could be next generation hardware testing. That's just speculation of course

My thoughts also But I don't have any numbers or proof about that... Maybe KnC and their 16nm chips?

Well it's either that, or the price increase has the home miners turning their machines back on?

[Amph]

It's quite normal. Bitcoin's price was too low to mine for most of miners, When the price went up home miners etc started their rigs.
It wasn't the first time we've seen 400+ Phs (according to blockchain.info's graph).

Thanks unamis76 and Karartma1, I will keep looking into it, especially since they reported 465ph with no indication of stopping rising.

We have reached it before, but that sudden increase and then it disappeared makes me think it could be next generation hardware testing. That's just speculation of course

no it's simple the fact that the price increased and the hashrate usually increase in later than the price about, it was always like that in the past

so i would assume that there isn't any new chip, but just everyone from any big farm adding new equipment, there are almost 20 pools out there, if every one of those adds 3-4 p you have your 70+ peta...

[fryarminer]

When in doubt, blame China! 

[NorrisK]

It's quite normal. Bitcoin's price was too low to mine for most of miners, When the price went up home miners etc started their rigs.
It wasn't the first time we've seen 400+ Phs (according to blockchain.info's graph).

Thanks unamis76 and Karartma1, I will keep looking into it, especially since they reported 465ph with no indication of stopping rising.

We have reached it before, but that sudden increase and then it disappeared makes me think it could be next generation hardware testing. That's just speculation of course

Why would they turn it off so fast? They could be harvesting 10-20% of all blocks according to the size of the spike.. No reason to shut that down?

[LiteCoinGuy]

the growth of the network from now will be very slow, don't expect the same thing happened with peta, with exa there is a new order of magnitude, exa will be probably the final stage of bitcoin network

whether we passed 450 or not: i disagree with you.

what we see in mining is only "kindergarden" compared to what will happen in the future.  

Samsung Mining Chips? Intel Chips? What about a mining chip in 200 million devices? What will happen when banks start mining or states?