We have lost some serious power over the last couple of weeks. Any legitimate ideas of what's going on?
It seems quite odd to me when I look at the hash rate on Slush's Pool and BTCGuild, the hash rate has gone down considerably. However, if you look at the overall network hash rate, it has gone up considerably. Any thoughts?
Home miners continuing to leave while giant farms (especially in China) continue to come online. Now that it's getting hot in the northern hemisphere (which is where most home miners are located), it's becoming even more of a loss to keep miners running due to the extra cooling needed if you have them in your home. They also perform worse at higher ambient temperatures, so home miners are literally just losing some of their hashrate in the warmer weather.
EDIT: Also the fact that there's not a single pool outside of China that even has 5% of the network anymore makes it a self-fulfilling prophecy that the pools continue to shrink because people can't stand variance.
However, I will say this though: One miner who had 2.5 PH/s all by their lonesome left, one miner with 1.0 PH/s all by their lonesome has left and another miner with 1.5 PH/s all by their lonesome has left. One could tell this very easily if they were paying attention to the "Hash Rate Distribution Chart" under Pool Statistics at the bottom of the page.
