Just amazing...
BTC Difficulty 37,392,768 -> 50,636,479 (35.42%) in 2 hours. What a huge jump! I believe this is a record. 13.2 million in a single bound.
Is it possible to manipulate the difficulty increases by removing hashing power prior to the change? How is the next difficulty level set? Average over a number of blocks? Just looks like 100TH dropped off the network today just before the increase and I'm sure we will see the power back online immediately after the difficulty gets set.
We've seen AM drop the hash power in large amounts in the past but not sure if they were toying with anything or just restructuring their pools
Yes, the diff estimate has rose a lot in just the past few days. The next jump is very key since that will take place just before september. Will it stay under 70mil then? and perhaps 87ish the first jump in Sept?
That would be in line to what many of us predicted a few months ago. If it screams to 100k in the first week of Sept there will be a lot of emails to KNC on ship dates if they havent started testing by then