Something is up
https://www.bitrawr.com/difficulty-estimatorLatest Block: 711654 (12 minutes ago)
Current Pace: 47.4676% (7 / 14.75 expected, 7.75 behind)Previous Difficulty: 22674148233453.11
Current Difficulty: 22335659268936.39
Next Difficulty: between 11303551648240 and 22185553733226
Next Difficulty Change: between -49.3924% and -0.6720%Previous Retarget: Today at 5:20 AM (-1.4928%)
Next Retarget (earliest): December 12, 2021 at 7:55 AM (in 14d 0h 7m 12s)
Next Retarget (latest): December 27, 2021 at 5:12 PM (in 29d 9h 23m 36s)
Projected Epoch Length: between 14d 2h 34m 40s and 29d 11h 51m 4s
-50% is wild and if it continues it can be an indicator of a large price drop to come.
BTW this pattern does not match 2017-2018 so maybe things are different.
If it means we meander about in 2022 much like 2021 it works for me.
Of course we are just starting and it could be freak luck.
Seems as though China might still be messing with us.
source:
https://www.coindesk.com/tech/2021/11/26/multiple-mining-pools-are-facing-connectivity-issues/"Major crypto mining pools including Binance Pool, F2pool, Poolin and ViaBTC are reporting connectivity problems, they said in their Telegram channels in the past 24 hours.
• The issue is caused by domain name system (DNS) “pollution,” Binance Pool and Poolin said on their Chinese Telegram channels. F2pool also said the pool’s domain name is not being properly resolved.
• The DNS is the internet service that converts domain names like coindesk.com into internet protocol (IP) addresses, which are strings of numbers. DNS poisoning can occur when a hacker redirects traffic from the domain name to an imposter website.
• ViaBTC users are also reporting on Telegram that they are having difficulty accessing the pool. On its English Telegram channel, the pool acknowledged the issue but did not specifically mention DNS connectivity problems.
• “The connectivity issues appear to be primarily affecting Chinese miners,” said Alejandro De La Torre, founder of ProofofWork.Energy consulting firm and former Poolin vice president. De La Torre thinks the Chinese government is likely interfering with the mining pools.
• Binance Pool’s bitcoin hashrate is down 14% in the last 24 hours. F2pool has dropped almost 8% and ViaBTC has fallen by 7%, according to BIT Mining’s information platform.
• A large part of the pools’ operations are located in China, which has vowed to eliminate crypto mining. While their hashrate does not come only from China, and they have said they plan to exit the country by year-end, the publication of material in Mandarin could be interpreted as courting its population.
• Binance Pool, F2pool, and Poolin advised users to modify their DNS to solve the issue. Binance Pool said that a long term solution is to use a VPN to circumvent the country’s telecoms carrier."
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