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Topic: Why is our hashing power declining? - page 2. (Read 3307 times)

legendary
Activity: 1750
Merit: 1007
May 12, 2011, 03:45:33 PM
#4
because the difficulty increase made it unprofitable for those miners, so they stopped.

Given the rise in BTC price, which is a greater percentage hike than the difficulty, that certainly isn't the cause.  

I'm inclined to say it's a portion of the OCN miners that came in as a result of the forum thread there losing interested.  Most the people on those boards are high school / college kids, and came here thinking Bitcoin was a way to make fast easy money with their gaming rigs.  Once the thread got locked, it stopped getting promoted as much and now the surge is dying out.  Just my personal theory for PART of the decline.
sr. member
Activity: 418
Merit: 253
May 12, 2011, 03:44:28 PM
#3
when do you think it will stop(if before next difficulty change)
legendary
Activity: 2058
Merit: 1452
May 12, 2011, 03:42:31 PM
#2
because the difficulty increase made it unprofitable for those miners, so they stopped.
sr. member
Activity: 418
Merit: 253
May 12, 2011, 03:39:38 PM
#1
Why a bit after the difficulty increase, is our hashing power declining, did a significant amount of miners stop?  if so, and you are one, why?

http://bitcoin.sipa.be/speed-lin-2k.png
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