Post
Topic
Board Bitcoin Discussion
Re: Bitcoin hashrate fell by 20%
by
d5000
on 15/11/2018, 00:37:59 UTC
Interesting.

A couple of links I found on that topic:
https://www.newsbtc.com/2018/11/13/chinese-bitcoin-mining-centers-fear-electricity-cuts-as-compliance-issues-loom/
https://tech2.org/russia/the-chinese-miners-turned-off-the-electricity-bitcoin-hashreit-decreased/

In theory, this could be a very positive development for Bitcoin. A bit of hashrate diversification would reduce centralization risks and mitigate the chance of an 51% attack or selfish mining.

Maybe, if difficulty lowers a little bit, it's finally time for solar/wind powered mining?

(Some people say that a hashrate drop could even help to find a floor to the price, because as block times become longer there are less rewards paid per day, and thus less supply on the markets. But I have some doubts about that.)