[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 90 KB, 1280x814, 2018_11_19_16_32_34_Hash_Rate_Blockchain.png [View same] [iqdb] [saucenao] [google]
11813898 No.11813898 [Reply] [Original]

Uhh guys?

Are the Chinese closing down their mining factories?

>> No.11813909

>>11813898
Mining machine broke

>> No.11813921

>>11813898
I hope so. fuck this shitcoin. burn it to the ground.

>> No.11813967
File: 5 KB, 225x224, images (25).jpg [View same] [iqdb] [saucenao] [google]
11813967

what is happening??!

>> No.11814102

>>11813898
looks fucking ugly.....fuck it im holding till 0!
however it ends il have a story to tell

>> No.11814118

>>11813967
it's not profitable to mine, so people stop mining. How much of a brainlet are you?

>> No.11814132

>>11814118
This. It's pretty obvious.

>> No.11814141

Is there a death spiral that can kick off if too many stop mining? Like doesn't the difficulty drop only after so many blocks?

>> No.11814155

Holy fuck please bounce to $5400 so I can get out!

>> No.11814174

>>11813898
God knows they got enough kids to mine these bitcoins. It's just time to cut into the pensions a little

>> No.11814196

>>11814155
>$5400
Kek ,that ship has sailed amigo

>> No.11814197

It's because they moved it to the bcash coins and are mining at a loss instead of letting them die.

>> No.11814225

>>11814102

>i bought a worthless asset
>i held a worthless asset
>to this day, it is still worthless

cool story bro. im sure you can tell it at parties and get a lot of pussy. seriously.

>> No.11814276

>>11813898
Wow, how many consecutive months there were with increasing hashrate? This is no bueno

>> No.11814315

>>11814225
>. im sure you can tell it at parties and get a lot of pussy
he could buy drugs on the deepweb, or did they switch also?

>> No.11814908

>>11814141
Yeah every two weeks. Has already been declining for a month.
https://bitcoinwisdom.com/bitcoin/difficulty

This is not a problem for the netwerk per se. It only makes it easier to do a 51% attack because there are a lot of idle machines right now.

>> No.11815080
File: 274 KB, 480x261, 1540404063277.png [View same] [iqdb] [saucenao] [google]
11815080

>>11813898
OH FUCK THAT WASNT THE LIGHTSWITCH

>> No.11815087

>>11813898
Obviously.

>> No.11815099

>>11814197
^

>> No.11815115

Looks like the banksters won fellas. Bitcoin has been tamed, now XRP will man the reins.

>> No.11815145

chinks trying to play games

remember what happened last time they tried to force the network to do anything? they had to make their own chinese version of bitcoin, that couldn't even survive a year.

>> No.11815589

>>11813909
can i get uhhhhhhhhhhhhhhhhhhhhhh sha256(sha256(nonce))

>> No.11815654

>>11813898
This is hash moving off of BCH and onto BTC

>> No.11815674

>>11814155
>5400

Maybe in 2020