+14.5 = d57heinz
http://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&r=week&t=ascrolling across that graph its quite obvious we havent even seen what bitfury can bring to the table.. Look at growth
sept 11 2015 - jan 17 2016
antpool 68ph/s then now 231 ph/s quadrupled
f2pool 81ph/s then now 199 ph/s about 1.5x increase
bw.com 28ph/s "" "" 62.7ph/s 2.25 x increase
btcchina 41ph/s "" "" 116ph/s 2.8x increase
BITFURY 70 ph/s 135 ph/s 1.9x increase for someone that may have 300 peta not looking like the numbers add up to me..
Its quite apparent this hash is mostly china hash coming online..Bitmain and some avalon most likely.. we haven't even seen the full effects of what bitfury will bring (if they dont bring to table like they say then maybe we will hit a slow period of rise till halving or at least i hope).. So id say double digit increases will be the norm?? rather than the exception for quite some time. Maybe not all thru to halving but many months yet.. if it wasnt for kano pool id be out of mining already running s3's and s4's.
So i wrote this yesterday and waited to post.. Looks like they have kept things running strong.. What i do like about what i see on
http://bitcoin.sipa.be/speed-lin-2k.png is we havent surged on the 8 hour past that 1.3 peta mark.. So this could again be a bit of good network luck along with another 10 % of hash that still needs to be accounted for... I really am starting to think the on/off cycle was not to trigger bitcoind warning system about producing over 48 blocks within 4 hours*(since it was coming from china the next headline would most likely would have been that china was attacking the network!).. Imagine what it could have done had they just turned on 51% of the network all at once
(280-300 block days??) Greedy china takes our jobs and our bitcoin.. lets hope they dont decide to come for debt repayment any time soon
I always did like the story of the world being in over 50 trillion in debt. but the question is to whom is it owed? https://www.facebook.com/notes/positive-money-uk/if-all-the-nations-of-the-world-are-in-debt-who-are-they-in-debt-to/190689830985039/ About time we just go to a resource based economy and use the blockchain as a ledger of ownership going forward.(im hopeful that this is where this is ultimately heading) Just do away with money altogether.. Imagine how many bad actors in this world are only doing so in the quest for money/btc. https://www.thevenusproject.com/resource-based-economy/
Best Regards
d57heinz
