Re: Bitcoin mining proof-of-work over the last 6 years as we move to 1 exahash/s
i think exactly the same, people tend to forget that side from the bitcoin world, there is so much fiat money invested on mining and more will come with the new chips, there must be a correlation between hashrate and bitcoin value.
The last increments from the hashrate it is having repercussions ATM and more will come, is just a question of time
The last increments from the hashrate it is having repercussions ATM and more will come, is just a question of time
The 16nm ASICs are clearly going to affect the balance of the network as they're much more power efficient, but so too will the block reward halving that's coming in July (looks like it will stay in July although there's an outside chance it might move into late June). At a stroke the reward halving cuts the funds available to miners unless the BTC price doubles.