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Topic: This time the hash rate really took the dip - page 2. (Read 2327 times)

legendary
Activity: 1708
Merit: 1036
January 14, 2015, 09:28:30 AM
#2
Looks like it. The great shakeout has begun. I think when the dust settles we'll have a more stable platform to build Bitcoin up again, but this round of pain became necessary to correct the excesses of the "gold rush" initiated in late 2013.
Q7
sr. member
Activity: 448
Merit: 250
January 14, 2015, 09:19:41 AM
#1
Well...... all the while when price was dropping, we could still see the hash rate that moves steadily up on an increasing trend. But this time round it is different. You could clearly see the dip. Check out the blockchain info stats.

Question is have we finally reached the point where miners will no longer be able to sustain their operation?
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