Difficulty jumps 21% - page 3. | Bitcointalksearch.org

jvdp

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Quote from: European Central Bank on October 27, 2017, 07:43:00 PM

A huge leap. Is this 'organic' or is it somehow part of the 2x plan to kill off the old chain with a fatally elongated readjustment period?

What do you think?

Don't take this bump as a organic growth in the bitcoin difficulty chart. We all expects big information about the bitcoin gold in hard fork day but big happened this time. No big guns spoken about Bitcoin gold since they had a many chat and pinned news when the Bitcoin cash splitted up. We need to be alert and stop selling the bitcoins we have in our wallet. It will be done by all the bitcoin users means big bump happen again and again.

J. Cooper

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Alea iacta est

À higher difficulty means more hashpower in the network and a higher bitcoin price. I hope this is just the difficulty adjusting to the market price and miners moving over to bitcoin once again. That would be a great thing for the legacy chain I believe. I'm eager to see how this will affect the market.

jjacob

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Quote from: European Central Bank on October 27, 2017, 07:43:00 PM

A huge leap. Is this 'organic' or is it somehow part of the 2x plan to kill off the old chain with a fatally elongated readjustment period?

What do you think?

I don't think it could be part of the Segwit 2x plan. This would increase confirmation times and time to find new blocks, but it wouldn't kill the old chain. As others have said - I think it is market related. New mining capacity coming in and miners moving from BCH.

tokeweed

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Quote from: Torque on October 27, 2017, 08:39:21 PM

Have no idea. But I believe hashrate increases are generally a positive sign.

Could it have been miners who were mining BCH coming back over to BTC?

Yup, same thoughts here. The miners have been using BCH like a whore, coming when the money was good and immediately leaving as soon it stops being profitable.

Isn't it time for BCH to be pumped? It's looking very 'ripe' for a pump right now.

SimonJones

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It's a viscous cycle that's great for HODLERS. Price rise causes hash power to increase and hash power increase causes price to increase!

pooya87

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it is because of price rise!
when it is rising, bitcoin mining becomes more and more profitable every day to a point where it is super profitable Cheesy

if you look at the difficulty chart for the past 9 months for example (https://bitcoinwisdom.com/bitcoin/difficulty) you can see that it has had jumps like this in the past. i don't know the percentages (too lazy to calculate) but the size of the vertical red line is nearly the same in mid September and now. there have also been other jumps which were considerable.

i remember reading they released a new ASIC miner last month but i can no find it in the news. so if anyone has more information, he can add it here. but if i am true, that can be one of the reasons for this jump.

cpfreeplz

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Christ what a huge spike. Hopefully the price adjusts along with this and we can all make bank.

I don't think the hashing power lines up with the amount of people that left BCH. There's got to be another explanation. Idk what though.

Torque

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Have no idea. But I believe hashrate increases are generally a positive sign.

Could it have been miners who were mining BCH coming back over to BTC?

European Central Bank

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A huge leap. Is this 'organic' or is it somehow part of the 2x plan to kill off the old chain with a fatally elongated readjustment period?

What do you think?

Topic: Difficulty jumps 21% - page 3. (Read 1169 times)