[2016-01-17] Bitcoin Network Hashpower Dips Slightly After Price Drop

coinzat

sr. member

Activity: 434

Merit: 250

Young but I'm not that bold

Quote from: Golftech on January 17, 2016, 07:45:34 AM

I do not realise that price of bitcoin has such a big effect on the hashing power. So If there is no price rise after the halving, most high cost miners will be shut down.

that's why China is dominating the mining as they have cheap electricity.

but even if some miners stop because of the high cost and low profit , the difficulty will be changed according to the hash power so no worreys

Golftech

hero member

Activity: 2128

Merit: 520

I do not realise that price of bitcoin has such a big effect on the hashing power. So If there is no price rise after the halving, most high cost miners will be shut down.

jdebunt

legendary

Activity: 1596

Merit: 1010

Over the past few weeks, a lot of people have been paying close attention to the overall hashrate pointed at the Bitcoin network. With BitFury deploying their new data center in Georgia, the network hashrate spiked to unseen heights. Now that the price has dropped off by a fair bit, the hashpower is declining as well. No reason to panic yet, although 200 petahash has suddenly gone missing.

http://themerkle.com/news/bitcoin-network-hashpower-dips-slightly-after-price-drop/

Topic: [2016-01-17] Bitcoin Network Hashpower Dips Slightly After Price Drop (Read 442 times)