If hashrate hits 100, Twitter: "hooray miners go up! See, the world is bullish"
If hashrate hits 80, Twitter: "wtf miner capitulation! Why did hashrate go down as soon as block rewards halved?"
Hashrate, post halving: "well this'll be fun..."
Conversation
Where is this chart from and what methodology? Looks too variable to be from the pools themselves. Nearly all hashrate estimation from block times is terrible
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Replying to
fork.lol/pow/hashrate
If you have a Poisson process with mean 10 minutes then on a 1 day timescale the stdev will be roughly 2.5%--so I think most of this is not just explained by the randomness of mining luck.
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But it's possible I'm wrong about something there--do you have a good source for hashpower over time?
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We need someone (maybe The Block) to track the real time hashrate from pool APIs and log the values every minute. From my anecdotal experience, it doesn’t vary nearly as much as your chart shows. But I can’t prove it for now
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