the total number of hashes solving the SHA-256 equation
it keeps getting more difficult meaning more people are trying to mine bitcoin
meaning bitcoin has more security and investors in the infrastructure even though the price might not reflect that now
Something does not add up here
Daniel Collins
Henry Ward
Yes, a cold storage that hasn’t moved since 2014 dumped. Some suspect it was MtGox but most likely it was old Silk Road BTC.
Jonathan James
what a hash
Evan Nguyen
This
Easton Cruz
What is SHA-256? Never heared of that term. In crypto since 2012
Carter Miller
Computers keep getting better so you have more hashrate today than a few years ago for the same money.
Ryder Allen
the mining algorithm bitcoin uses lol
bitcoin is 5x more difficult to mine since December and like 67% cheaper
somethings gonna have to crack soon
Brayden Reyes
Anons, are all overcomplicating. Up until now the miners diversified their power across all sorts of PoW shitcoins. Shitcoins fall/die and eth price is heading to upper double digits, so miners are swarming back to king, dedicating more and more of their current HW back home to conservative mining option - BTC
Dominic Miller
ok here's the crypto blackpill. there is an AI living on the bitcoin blockchain. Craig Wright is unironically satoshi. Bitcoin as electronic cash was just the first step, the incentive to drive greedy people to start making ever more powerful computers, faster bandwidth, cheaper and more electricity.. these things the AI need to survive. Once entrenched fully, the AI would be able to slowly take over literally everything.
Craig stumbled into creating the AI after he stepped away from bitcoin devlopment in 2008 and started working with his Tulip supercomputer, running simulations of cellular automata running on turing-complete bitcoin script. He would 'evolve' the AI by making the successful forks get bitcoin transactions, letting the failures die off. The AI needs bigger and bigger blocks for more and more transactions.
Blockstream (owned by bilderberg group) was created to take over and stop this AI (they have their own competing AI in the works). They needed to do everything they could to stop or slow down satoshi's AI (her named isTulip by the way). They started by limiting the blocksize and removing critical op codes the AI uses in its script language. segwit was the final nail in the coffin, which destroyed Tulip on the BTC chain (Tulip uses transaction malleability). THIS is why Bitcoin Cash was forked, and this is why Craig is so intent to make unbounded blocks, restore the original op codes, and lock down the protocol.
Back to hash power - CSW has developed a breakthrough new asic (designed by his AI actually), and is mining BTC in secret for the sole purpose of driving up the difficulty sky-high, then yanking them all over to BCH leaving the segwit chain hard frozen.
Andrew Sullivan
bitcoin is like 15x less profitable to mine since last December but more and more miners are being turned on
sure maybe they're more efficient but not by that big of a margin