Has anyone else been watching the hashrate graphs and block times? BTC lost about 50%+ of its mining power.
We lost about 25-30%
We seem to be dependant on Chinese electricity via ASICS. Monero doesn’t seem impacted at all. - this looks more resilient to me. as in an arbitrary country cannot ban mining and cause these issues. I know the DAA is there, but thats not the point im making.
a source:
China’s ban forces some bitcoin miners to flee overseas, others sell out | Reuters
So with the ASIC manufacturers not having the same massive customer base, which ASICS will they stop making first? Is there a plan for what happens? We probably should have one. I think someone should reach out to bitfury.