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Author Topic: [2016-07-25] themerkle.com-Bitcoin Network Hashrate Shows First Big Dip Since...  (Read 267 times)
Jambolb2 (OP)
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July 25, 2016, 08:50:23 AM
 #1

Bitcoin Network Hashrate Shows First Big Dip Since Halving

It is not uncommon for the Bitcoin mining hashrate to show a decline now and then. Once could argue the mining power on the network has been declining since the beginning of July 2016, albeit the differences were rather minimal. This sudden drop, however, has taken things down by quite a notch.

Looking over the charts of the Bitcoin mining pools themselves, there does not seem to be anything out of the ordinary right now. Disqus Fish, Antminer, BTCC, and BW are still representing the vast majority of Bitcoin mining activity. The number of blocks found today is not higher or lower than it should be either.

READ MORE >>> http://themerkle.com/bitcoin-network-hashrate-shows-first-big-dip-since-halving/
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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July 25, 2016, 09:35:37 AM
 #2

It's a noticeable dip, but I wouldn't call it a "big" dip just yet.  There have been slight drops of a similar magnitude before.  If the trend continues, then we can call it big, but let's wait and see for now.



Looks comparable to previous dips in my eyes at the moment. 

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July 25, 2016, 10:42:25 AM
 #3

According to https://bitcoinwisdom.com/bitcoin/difficulty, the difficulty will drop 5%, but it might be lower.
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