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Author Topic: [2022-01-06] Newsweek: Bitcoin hash rate affected by Kazakhstan internet outage  (Read 305 times)
Saint-loup
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January 10, 2022, 04:23:31 PM
Last edit: January 10, 2022, 05:00:46 PM by Saint-loup
 #21

So according to blockchain.com and their way to evaluate it, a new (daily) ATH has been reached, but my point was to show the discrepancy between the news from the Daily Mail and the reality, not to announce a record breaking.

Sorry but that's exactly what you did, you announced a record-breaking hashrate:
Quote
The Bitcoin hashrate has reached a new ATH
You looked at the 7-day average and took that as a record while that average comes from this: (switch to raw)



The average in those last 7 days was actually high because of the days of 1st and 2nd, as you can see there is clearly a downtrend from that record, so you're actually acknowledging that the hashrate is dropping from an ATH.  Wink Data becomes reliable when you go over longer periods, that's why we have an adjustment in 2016 and not after 6 blocks.
Yes you're right I've been misled by the post from mably I quoted. Actually the daily ATH seems to have been reached several days ago, the 1st january. It reached 207.53 EH/s, and it dropped to 170-180 EH/s the next days(unless those figures are totally unreliable Tongue). Then even if this ATH seems to be a spike, there is actually a decrease from the top.

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January 22, 2022, 04:54:31 PM
 #22

The events in Kazakhstan, I think, can even be indirectly considered as a factor in the decline that we have been observing in recent days. I think as soon as the situation there recovers, we will again see a stable "pre-crisis" level of production, and thus this will also become a stabilization factor. I would like to believe that this will happen quickly enough so that people do not have time to be disappointed in the cryptocurrency, which has just begun to give hope again for popularization and legalization in many countries.

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