Looks like the engine just started again and harder then the first time.
I have to wonder if this in intentional difficulty manipulation, or just coincidence. It keeps happening, but seems to be even more pronounced lately. If it is possible to control the network difficulty without a 51% style attack, then I don't think the future of Bitcoin is very bright.
this is a case of bitmaintech prepping for the ½ ing.
they are in a funny spot as they have too much power and are not quite sure what to do with it.
I believe they can build 2000ph anytime they want to.
not only can they build it they can do it at a lower cost then people think.
the problem is they are stuck behind the firewall of China and don't want big block size.
that limits transactions. which means btc could be a dead end. with the ½ing or the next one.
or (my hope) btc acts like a high way for eth coin . and eth coin does tons of transactions and is converted to btc.
the transaction value of btc is becoming pretty worthless as it is not that cheap and you can't make 1,000,000 an hour.
almost done with blocks now.
https://bitcoinwisdom.com/bitcoin/difficultyBitcoin Difficulty: 199,312,067,531
Estimated Next Difficulty: 196,068,533,889 (-1.63%)
Adjust time: After 2 Blocks, About 19.6 minutes
Hashrate(?): 1,549,274,676 GH/s
Block Generation Time(?):
1 block: 9.8 minutes
3 blocks: 29.4 minutes
6 blocks: 58.8 minutes
Updated: 22:35 (4.1 minutes ago)
and we just ripped 5 blocks in 2 minutes
I need to see the official number but no one hit it.
415297 (Main Chain) 2016-06-08 02:44:25 last block
413282 (Main Chain) 2016-05-24 21:23:04 this was first one of this jump
so 14 days is normal time
14 days = 2016
5 hours = 30
20 minute = 2
2048
2016/2048 -1 = -1.5625%196,061,423.940/199,312,067,531-1 = -1.630931649683%
rollover link to new thread.
https://bitcointalk.org/index.php?topic=1503062.new#new