[2016-01-19][Forklog.net] Bitcoin’s hashrate now requires eighteen zeros ...

odolvlobo

legendary

Activity: 4522

Merit: 3426

This statement is incorrect:

Quote

Most probably, the hash rate spike is caused by launching of a new mining center or commissioning of new mining equipment.

Hash rate spikes are due to the random nature of the mining process. The reported hash rate is an estimate derived by measuring the time between blocks. The time between blocks is random. If that time happens to be less than 10 minutes each for many blocks in a row, then it will appear as an increase in the hash rate, even if there is no change in the actual hash rate.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Forklog.net is a good source of information since it started, thx. Kiss

bezbezbez

sr. member

Activity: 367

Merit: 250

Bitcoin’s hashrate now requires eighteen zeros to write it down

For the first time in the history of cryptocurrency, the overall hash rate of bitcoin network has exceeded a thousand petahashes per second, thus reaching one quintillion operations, or one exahash, per second. This value might be considered an explicit expression of miners’ position, who apparently continue actively maintaining the network notwithstanding the recent Hearngate and the events around block size limit debate, which some have already dubbed a civil war within the community.

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Topic: [2016-01-19][Forklog.net] Bitcoin’s hashrate now requires eighteen zeros ... (Read 337 times)