The curious case of Bitcoin’s hashrate spike and dip continues unabated. Earlier this week, the network lost nearly 25% of its hashpower overnight for no specific reason. While the circumstances remain vague, the network saw a new all-time high hashrate spike in the past day. That in itself shows people and companies are still interested in mining Bitcoin today.
The Dip and Spike of the Week
As far as as the Bitcoin network hashrate is concerned, this week has proven to be rather interesting in many different ways. The big news was how Bitcoin lost over 25% of its hashrate in the blink of an eye. No further information was provided regarding this event, thus speculation is still running wild at this time. It is rather uncommon for such drops to occur, particularly, where Bitcoin is concerned.
Although many people are still trying to figure out exactly what happened, a new development has occurred. Last night, the Bitcoin network hashrate rose from its low at 67 Exohash and spiked to 107 Exohash in one strong push. This seems to confirm the “missing miners” came back in quick succession, and some extra hardware was pointed at the network in the same go. Today, however, the hashrate dipped to 85 Exohash again, indicating these fluctuations might not be over yet. Read More...