20ph increase in btc mining network

[BTC_Fundamentals]

Lets just hope that it would not be fully centralized, that would not be a good news for BTC.

[1715374587]

1715374587

[philipma1957]

Hopefully none of them gets an extreme advantage in technology, otherwise centralisation is inevitable.

Centralisation is already happening as we speak.

At the current rate, by the end of the year the majority of the hashrate will come from a dozen or more large corporations running multiple data centres around the globe. They will probably go at each other for a period until a few drop off, and the equilibrium will probably be spread across  about 5 or 6 major corporations throughout 2015 - 2016.

 this is wrong...


Why are you wrong  here is why:

as of today the majority of miners are in the hands of less then 10 companies.

In Fact KNC + CEX +BFL + BITMAINTECH +ASICMINER  + SPONDOOLIES = more then 51% of the gear in data centers.  They mine for their selves or rent their hash out.

Home miners with serious fire power no longer exist.

In order to have a big in house setup.   you  need   to rent a warehouse .  what homeowner can give 10k watts in their house for mining alone.

and that comes to 3 sp30's which is a drop in the bucket 13.5th is not much against 200ph

[huadylmate]

and that comes to 3 sp30's which is a drop in the bucket 13.5th is not much against 200ph

Yes, but the days only thousand or so people GPU mined Bitcoin is long over. Bitcoin is much more popular and much more home miners mining, not even counting huge farms.

[DrG]

Looking at OoC's weekly network pool stats it seems most of the pools had bad luck.  Still we are going to see around a 20% jump tomorrow.  If we get a streak of luck it may go above 20%. Either way since there was bad luck this time it will continue to go up next difficulty as well unless we continue to have bad luck.

Ooh look, a 13K dump just dropped the price to 309 

[xstr8guy]

Looking at OoC's weekly network pool stats it seems most of the pools had bad luck.  Still we are going to see around a 20% jump tomorrow.  If we get a streak of luck it may go above 20%. Either way since there was bad luck this time it will continue to go up next difficulty as well unless we continue to have bad luck.

Ooh look, a 13K dump just dropped the price to 309 

Coinbase is currently at $460. I'm sure glad I slept through that $309 slump! 

[taipo]

Why are you wrong  here is why:

as of today the majority of miners are in the hands of less then 10 companies.

Whoops I said 12, totally wrong there