[2015-09-17] Bitcoin Hash Rate Climbs to New Heights as Hardware Advances

Kprawn

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Quote from: okae on September 17, 2015, 05:12:00 AM

After the BitFury announced its launch of a 16 nm ASIC i start to think about how many time the bitcoin price will stay at this is, with the coming halving of bitcoin at 2016 and with this new asics i doubt so much that the price will stay as now so much longer.

i really bet that the hash rate will climb like hell in the next year Wink

, this is only the beginning.

Add to that the plans from 21 Inc to distribute bitcoin mining chips embedded in consumer and enterprise hardware devices and you have a whole new scenario. http://www.coindesk.com/21-inc-confirms-plans-bitcoin-distribution/

I think even data centers / mining farms will struggle to keep mining, if things continue at this trend. Huh

Electricity is not getting cheaper every year, so this adds to the problem to stay in the mining game in the future with these high hash rates and low BTC price.

EternalWingsofGod

hero member

Activity: 700

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New miners will impact the hashrate that is for sure, also cooler temperatures that said I doubt we will see 1 Billion difficulty for a while yet.
Either way its starting to show an uptrend from the standard range so we may see difficulty starting to grow again soon.

okae

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Merit: 1008

northern exposure

After the BitFury announced its launch of a 16 nm ASIC i start to think about how many time the bitcoin price will stay at this is, with the coming halving of bitcoin at 2016 and with this new asics i doubt so much that the price will stay as now so much longer.

i really bet that the hash rate will climb like hell in the next year Wink

, this is only the beginning.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Bitcoin Hash Rate Climbs to New Heights as Hardware Advances

The Bitcoin network hash rate has taken a noticeable turn higher this month as a slew of new cutting edge hardware comes online.

After exponential increases in prior years, network saturation and a slump in bitcoin prices rendered mining profitable only for those with the most advanced and efficient hardware configurations. The hash rate stagnated near 350 PH/s (1 PH = 1015 hashes, or encryption computations) for much of Q2 this year.

http://www.financemagnates.com/cryptocurrency/education-centre/bitcoin-hash-rate-climbs-to-new-heights-as-hardware-advances/

Topic: [2015-09-17] Bitcoin Hash Rate Climbs to New Heights as Hardware Advances (Read 497 times)