Bitcoin’s hash rate just dropped 50% nearly overnight

in #bitcoin • 7 years ago

The hash rate is the measurement unit of the processing power of the Bitcoin network. The Bitcoin network must make intensive mathematical and cryptography related operations for security purposes. For example, when the network reaches a hash rate of 10 Th/s, it meant it could make 10 trillion calculations per secon

some of our source said now jihan only accpet bitcoin cash
60% of hashing power is currently supporting BCH.

Bitcoin-hash-rate.jpg

Who is Jihan Wu,

Jihan Wu is the co-founder of BITMAIN, one of most recognized and valuable bitcoin companies, and has come into limelight as a supporter of Bitcoin Unlimited, a solution to solve Bitcoin’s scalability issue. Jihan Wu founded Bitmain maintains AntPool which holds the largest hashrate distribution amongst mining pools; currently AntPool mines 18.7% of all blocks. This makes Jihan Wu highly influential in the Bitcoin community.

#bitcoingold #crypto #btc #btc2x
7 years ago in #bitcoin by
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     7 years ago 

    This is a bit confusing, so in simple terms what does that mean about bitcoin? Will it become harder to mine, or easier? Will transactions become slower or faster, cheaper or more expensive?

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     7 years ago 

    This comment has received gratitude of 88.46 % from @appreciator thanks to @sayche.

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       7 years ago 

      This comment has received a 27.85 % upvote from @upgoater thanks to: @sayche.

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