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Author Topic: Dramatic fall in network hashrate?  (Read 1140 times)
Dminer
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June 08, 2011, 07:41:18 AM
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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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Dminer
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June 08, 2011, 07:51:46 AM
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Maybe a pool went down? Will check after typing ; ) Maybe bitcoin monitor is off though. Could we be this unlucky? Of course that can happen but..

And it looks like bitcoin monitor isn't reporting found block to me? They are showing up on blockexplorer though. So it looks like I was completely off on that, so mod delete maybe? Good thoughts on hardware shortage I think.
MCWey8
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June 08, 2011, 07:55:28 AM
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could be good news, could be bad

but bitcoin sales are skyrocketing .. its seems some are getting out .. or just cashing in at this high
vuce
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June 08, 2011, 08:00:37 AM
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what fall in hashrate? All I see is the usual spike after a difficulty increase.

edit: yes, bitcoin monitor is definitely not working properly.
bcpokey
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June 08, 2011, 08:07:44 AM
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what fall in hashrate? All I see is the usual spike after a difficulty increase.

edit: yes, bitcoin monitor is definitely not working properly.

^This

Current network hashing power is about 5.1THash/sec right now. A couple days ago it was about 4.7THash, before than 4.3 before than about 4.1. There was a big ass drop in hashing power after the 75% difficulty increase to 434k, but a bunch of huge price increases afterwards has remedied that. Since then it has been nothing but steady growth.
BombaUcigasa
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June 08, 2011, 01:20:56 PM
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http://blockexplorer.com/q/interval : 424

It should be 600

Difficulty still too low.
Gameover
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June 08, 2011, 01:41:04 PM
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could be good news, could be bad

but bitcoin sales are skyrocketing .. its seems some are getting out .. or just cashing in at this high

if everyone was getting out the price would go down, there are more buyers than sellers
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