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Author Topic: Bitcoin hash rate has dropped a lot, down to 5.5 exahash.  (Read 585 times)
timk225
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November 13, 2017, 04:52:38 AM
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Where did a lot of the Bitcoin miners go?  Did they switch over to mining Bitcoin Cash?  More profitable is the reason, I'm sure.

If one has SHA-256 ASICS, where can one go to mine Bitcoin Cash until profitability returns to Bitcoin?

According to this difficulty site:  https://bitcoinwisdom.com/bitcoin/difficulty , BTC was supposed to drop from 1.45 trillion to just under 1 trillion on the last readjustment, but it only went down to 1.364 trillion.  Why?  A limit to how far it can adjust downwards each reset?
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Turkish88
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November 13, 2017, 08:09:04 AM
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This situation sadd for all cryptocomunity, because transfer fees increase and transaction become slower.
Now we must wait recalculation of difficulty btc network. After recalc some miner come back to btc Smiley

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November 13, 2017, 04:41:23 PM
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Bitcoin transfer time is now very long, can be up to 2 days confirmed. What is going on with bitcoin block chain?

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November 14, 2017, 12:19:48 AM
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I've never seen the block times be so long.  I thought the difficulty could rise or drop by a factor of 4 in one adjustment, it moved less than 7% down this past adjustment.  How is that?  The hash rate was way low the whole time of this past 2016 blocks.
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November 14, 2017, 06:17:47 PM
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My simple view is that the usual tool I used (aka bitcoinwisdom.com) is pretty much useless these days. The graphs are usually horribly off, and I don't know of a good replacement. If you comments are base on bitcoinwisdom, then I'd attribute the weirdness to the tool. The continuing slosh back and forth between the mining of BTC and BCH (aka Bitcoin Cash) just makes things really unstable. The fact that BCH seems to be on a run in terms of USD price only makes things worse.

Just my simple $.02 (regualr old fiat, no crypto)
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November 15, 2017, 12:18:22 AM
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What is a website that accurately measures bitcoin difficulty and hash rate?
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