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Topic: Bitcoin Network Hashrate Tops 400PH/s [edit: WAS THE INCREASE UNTRUE?] - page 2. (Read 1348 times)

legendary
Activity: 896
Merit: 1000
this just shows that bitcoin is getting stronger and gains more trust of investors who invest in mining farms. a lot people predicted that the difficulty would drop to very low levels after the +$1000 ath. they were wrong  Smiley
hero member
Activity: 504
Merit: 500
I can't reproduce the chart in the article. While that one stops at 465ph, my attempts do not show more than 413ph.

Here's another version that does show a sudden increase but not as high as in bitcoinagile.com:

legendary
Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
A new mining farm must have started. Well, after it reach 400 PH it keep growing toward 450 PH from the chart. We're near to calling Tera soon.
hero member
Activity: 504
Merit: 500
Slow...? Did you look at the picture? The spike seems to still be rising... It's by far the biggest increase in network size in years.

How big is the rise in percent of the whole network?

exactly since years, that's what i mean, don't expect the same rise from tera to peta, i believe the price have the possibility to overcome the network hashrate's increase, by a long shot

Sure, but if that spike continues as it seems to, 500peta is not far away - or 0,5tera. But of course it will stop eventually.

I'm just very curious what is - not what can be - the explanation behind this. Perhaps it's etablished hardware, but besides KnC's 16nm there have been rumours of an S7.
legendary
Activity: 3248
Merit: 1070
Slow...? Did you look at the picture? The spike seems to still be rising... It's by far the biggest increase in network size in years.

How big is the rise in percent of the whole network?

exactly since years, that's what i mean, don't expect the same rise from tera to peta, i believe the price have the possibility to overcome the network hashrate's increase, by a long shot
hero member
Activity: 504
Merit: 500
The increase seems to be both steeper and higher than the rise at New Year 2014 - what was the explanation that time?
full member
Activity: 140
Merit: 100
Nexious.com Admin
Could be testing of next generation of hardware? Or some one with deep pockets starting up another farm?
hero member
Activity: 504
Merit: 500
Slow...? Did you look at the picture? The spike seems to still be rising... It's by far the biggest increase in network size in years.

How big is the rise in percent of the whole network?
legendary
Activity: 3248
Merit: 1070
the growth of the network from now will be very slow, don't expect the same thing happened with peta, with exa there is a new order of magnitude, exa will be probably the final stage of bitcoin network
hero member
Activity: 504
Merit: 500
From http://bitcoinagile.com/3456C6/bitcoin-network-hashrate-tops-400phs-the-blockchain-info_stream



Quote
Bitcoin Network Hashrate Tops 400PH/s

The Bitcoin network hashrate has today, for the first time in history, grown beyond the 400 Petahashes per second threshold and is rapidly moving close to 500PH/s. [---]



The spike at the end of the graph in the article is just amazing.



New hardware somewhere? KnC's 16nm?


Edited the subject, as I still can not reproduce the chart they show
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