[2016-01-17] Bitcoin Network Hashpower Dips Slightly After Price Drop

[jdebunt]

Over the past few weeks, a lot of people have been paying close attention to the overall hashrate pointed at the Bitcoin network. With BitFury deploying their new data center in Georgia, the network hashrate spiked to unseen heights. Now that the price has dropped off by a fair bit, the hashpower is declining as well. No reason to panic yet, although 200 petahash has suddenly gone missing.

http://themerkle.com/news/bitcoin-network-hashpower-dips-slightly-after-price-drop/

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[Golftech]

I do not realise that price of bitcoin has such a big effect on the hashing power. So If there is no price rise after the halving, most high cost miners will be shut down.

[coinzat]

I do not realise that price of bitcoin has such a big effect on the hashing power. So If there is no price rise after the halving, most high cost miners will be shut down.

that's why China is dominating the mining as they have cheap electricity.

but even if some miners stop because of the high cost and low profit , the difficulty will be changed according to the hash power so no worreys