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    Author Topic: why does the hashrate sometimes drop so drastically?  (Read 911 times)

    • paulie_w (OP)
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    December 15, 2012, 05:10:03 PM
     #1
    kind of amazed at how low it is right now, looking at bitcoincharts.

  • kokojie
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    December 15, 2012, 05:44:53 PM
     #2
    GPU mining has become unprofitable for anyone that has to pay normal electricity rate. So a lot of casual miners probably stopped mining. Once the price reach $20 or so, they will start again.
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  • cypherdoc
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    December 15, 2012, 05:49:30 PM
     #3
    also i bet alot of miners are liquidating their gpu's in prep for asic's

  • mccorvic
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    December 15, 2012, 05:56:27 PM
     #4
    Just a sign that we're moving from the "print your own money!" phase to "actual economy" phase of bitcoin.

    But do expect a huge jump in hashrate when/if ASIC come out.
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