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DeathAndTaxes
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Activity: 1218
Merit: 1079
Gerald Davis
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March 30, 2014, 04:20:53 PM |
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No it didn't. http://bitcoin.sipa.be/speed-lin-10k.pngI find it funny that blockchain.info has had numerous errors, glitches, and other problems over the last couple weeks and people treat it like the word of god on stone tablets. Lets see: blockchain.info says hashrate was instantly (as in a vertical downward line) cut in half nobody else is reporting that block times haven't suddenly doubled to 20 minutes on average what is the likely reason for that? |
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sbabe
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Activity: 25
Merit: 0
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March 30, 2014, 04:22:57 PM |
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Because of price drop. At this current price mining is not profitable.
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NickPortland
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Activity: 98
Merit: 10
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March 30, 2014, 04:23:10 PM |
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What "incident of Auroracoin"? And how does it relate to BTC hash? |
Official Ambassador for UTC-PND relations
*donations here*
UTC: Ujff1xrc8brmHkRaFG3BcG5nVScXdh5Wu1 BTC: 159uuxJCfUsG44N52NUsydi2bCNeFSYyTi
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irrational
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Activity: 56
Merit: 0
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March 30, 2014, 04:25:23 PM |
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I noticed that the ZeroBlock app is reporting a block time of 17 minutes, but being on my phone I haven't been able to verify how they've come to this conclusion. It seems reasonable that they could be estimate block time based on network hash rate as reporting by blockchain. In which case, this is explained by DeathAndTaxes. I'm just not sure where they're (ZeroBlock) is pulling their info from. Be nice if it was true  |
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5thStreetResearch
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March 30, 2014, 04:31:06 PM |
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What "incident of Auroracoin"? And how does it relate to BTC hash? I believe it was forked multiple times and its pretty much game over now. Also dont see how this relates to the BTC hash. |
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khjghki44f
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Activity: 28
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March 30, 2014, 04:35:07 PM |
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Who know what is going on? Whether it is a rumor.
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TTM (OP)
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March 30, 2014, 04:35:15 PM |
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I believe it was forked multiple times and its pretty much game over now. Also dont see how this relates to the BTC hash.
never mind, i were thinking that BTC lost hash rate while AUR received enormous hash rate. But apparently they aren't related. |
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gmaxwell
Moderator
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Activity: 4186
Merit: 8421
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March 30, 2014, 04:37:26 PM |
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BC.i is just broken, yet again.
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Singlebyte
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March 30, 2014, 04:38:08 PM |
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I believe it was forked multiple times and its pretty much game over now. Also dont see how this relates to the BTC hash.
never mind, i were thinking that BTC lost hash rate while AUR received enormous hash rate. But apparently they aren't related. Aurora is a scrypt coin.....has absolutely nothing to do with bitcoin hash rate. |
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DubFX
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March 30, 2014, 04:55:59 PM |
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There isn't any drop in hashrate...stop panicking people!
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TTM (OP)
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March 30, 2014, 05:04:17 PM |
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There isn't any drop in hashrate...stop panicking people!
blockchain.info chart 30 minutes ago:  it seems there was an error, everything back to normal now. |
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Beliathon
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March 30, 2014, 05:08:31 PM |
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BC.i is just broken, yet again.
Yep. People are putting way too much scrutiny on a very new piece of software that is in development as we speak. Most bitcoin-related applications are still 0.X state. |
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Rannasha
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March 30, 2014, 05:10:02 PM |
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I noticed that the ZeroBlock app is reporting a block time of 17 minutes, but being on my phone I haven't been able to verify how they've come to this conclusion.
It seems reasonable that they could be estimate block time based on network hash rate as reporting by blockchain. In which case, this is explained by DeathAndTaxes. I'm just not sure where they're (ZeroBlock) is pulling their info from.
ZeroBlock is owned by Blockchain.info, so it would make sense that they pull their data from there. |
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DubFX
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March 30, 2014, 05:11:47 PM |
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There isn't any drop in hashrate...stop panicking people!
blockchain.info chart 30 minutes ago: it seems there was an error, everything back to normal now. "it seems there was an error, everything back to normal now." You mean blockchain.info error so it just seemed like drop. |
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vpitcher07
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March 30, 2014, 05:26:12 PM |
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I've seen this exact thing before with the market cap graph. It's a glitch from blockchain.info...We will definitely see a decrease in hashrate due to this price drop but not that severe.
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Bitcoin: The currency of liberty
1HBJSf3Lm9i8KxjZ7fuoN9FJ8hniniFbv4
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Singlebyte
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March 30, 2014, 05:41:32 PM |
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I've seen this exact thing before with the market cap graph. It's a glitch from blockchain.info...We will definitely see a decrease in hashrate due to this price drop but not that severe.
Mining rate is still holding strong so far. It's up almost 20% since last adjustment. https://bitcoinwisdom.com/bitcoin/difficulty |
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Zimbabwecoin
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March 30, 2014, 05:47:54 PM |
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I only wish the hash rate dropped in half. Mining is so much slower than it was not too long ago..
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Planning to launch Zimbabwecoin in the future. Focused on building a community around it now.
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roslinpl
Legendary
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Activity: 2212
Merit: 1199
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March 30, 2014, 06:09:06 PM |
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well this is interesting, maybe some China miners are switching off their rigs?  or just some bug ... |
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DubFX
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March 30, 2014, 06:10:22 PM |
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well this is interesting, maybe some China miners are switching off their rigs? or just some bug ... It has been classified as a bug already... |
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