bitcoin hashpower low

very important that one understands what this actually means because by doing so one will be able to naturally understand why this hash rate/power matters so much. Images courtesy of Twitter/Larry Cermak,. One of the possible reasons for the decline could be Bitmains overall questionable situation. To understand more about hash power see this short video on hash power or hash rate which perfectly explains.

Since the varying of the nonce is hit and miss, the chances of getting this particular hash (or target which starts with these many zeros, is very low. A nonce always starts with 0 and is incremented every time for obtaining the required hash (or target). It requires you to make expensive hardware investments, pay for huge electricity bills, and demands that you have a good amount of computer knowledge. Interestingly, the Bitcoin networks difficulty goes up because of more miners joining the network and thus the hash power needs to be increased (i.e. Bitcoin networks hash rate now is 50 TH/s and is only growing as the more miners are joining in so more difficulty is going. Currently, m and Antpool combined control about 26 percent, putting them at a 16-month low. Looking at bitinfocharts yearly hashrate chart tells a story of a broad and powerful uptrend stopped in its tracks. These computations for finding the blocks are basically mathematical puzzles that a miner cannot just guess without a lot of computation. Lol and looks to be in a shallow downtrend. Two of the Bitmain-operated pools have seen their hashpower drop to a 16-month low. The target changes as the difficulty change every 2016 blocks.

bitcoin hashpower low