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Author Topic: February difficulty spike?  (Read 406 times)
butterstick (OP)
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April 07, 2013, 07:24:10 PM
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It looks like a huge amount of hashing capacity joined the network in feb:

http://bitcoindifficulty.com/

This seems to have preceded the current price run by 6 weeks or so. Did a lot of people get into mining at once? I was under the impression that not that many ASICs had been released yet, and this is a tripling of hash capacity since 2/1 and now. Is there somewhere to see the total number of nodes on the network? I'm curious as to how that hashing capacity is spread out.

I assume that at the very least the pools would have that information... is it aggregated anywhere?
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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April 07, 2013, 07:49:40 PM
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It looks like a huge amount of hashing capacity joined the network in feb:

http://bitcoindifficulty.com/

This seems to have preceded the current price run by 6 weeks or so. Did a lot of people get into mining at once? I was under the impression that not that many ASICs had been released yet, and this is a tripling of hash capacity since 2/1 and now. Is there somewhere to see the total number of nodes on the network? I'm curious as to how that hashing capacity is spread out.

I assume that at the very least the pools would have that information... is it aggregated anywhere?

Many ASICs have been released.

300 Avalon Batch 1: ~20 Th/s
ASICMiner: ~12 Th/s
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April 07, 2013, 08:29:16 PM
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haha epic but alot of its still GPU's just it getting profitable to run pretty much anything that can hash at the moment same as with litecoin its more than tripled in the last week same with PPcoin think that went up nearly 8 times everything's getting hammered not to mention the poor pool servers trying to keep up with everything

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