Hate to say this but Holiday or not this one is looking pretty horrid. It is of course too early to see a reliable trend as we have only had one full Day but...
We came into the period with a surplus after the correction of about +10%, so that was always going to be the minimum increase. The run rate of all the Blocks so far this period is +16% and increasing. The run rate half way through Today is twice that at +32%, so still plenty of scope for variance but the signs are that more hash has already been added and plenty of time to add more. We will know more by the end of the Day.
Rich
when 148 blocks is the best day in 19 days It means we spanned a Diff jump at least one.
In this case 2 Jumps
Jan 21 -133 blocks ----Jan26--5.89%-------------- Feb--7 -- 20.06%--------------- every day over 148 until Feb 8
I am not sure we have had A streak this bad since I started these threads in summer of 2014.
I was mocked alot for calling for a slow down back then.
It was a good call, but now I see what d57heinz sees in terms of diff growth lots of it.
It could be a bad thing or maybe it means coins will need to catch up.
bitmaintech is hoarding coins
https://blockchain.info/address/1KwA4fS4uVuCNjCtMivE7m5ATbv93UZg8Vhttps://bitcointalk.org/index.php?topic=1355216.msg13795222#msg13795222they started holding coin from gear sales right when diff went up back in Nov. and we were wondering about the diff see saw moves.
To me it looks like they are making a move here and are pushing out tons of gear to self mine. I think they feel it is their best move. Since the ½ ing is coming.
I really wish was wrong. but the pattern of coin withdrawals exactly matches when hash rate started going up and down a lot.
I used to say it was Chinese ghost cities sparing power on and off. Half kidding but hoping for some info to leak.
based on bitmaintech deciding hoard coins and basically not do much for customers they probably are the main cause of this growth.
If they get free power and dirt cheap gear I think they will grow this more.