And if miners in china close operations won't time between block increase?
Thus maybe BTC is actually responding slower than other market... what do you think?
I'm by far not a keychain expert so I will gladly be corrected if I'm wrong.
And if miners in china close operations won't time between block increase?
Thus maybe BTC is actually responding slower than other market... what do you think?
I'm by far not a keychain expert so I will gladly be corrected if I'm wrong.
However to answer the question: If mining in China went offline, it would affect time to blocks. However, difficulty adjusts every 2016 blocks (about 2 weeks), so if China has 75% of mining, at worst, it'd be 8 weeks before everything went back to normal in terms of block times. Bitcoin Cash actually has mechanism to adjust far more frequently, within a few hours if necessary. (but also subject to miner manipulation)
The bitcoin hashrate has remained more or less the same in last 2 months: https://blockchain.info/charts/hash-rate?timespan=60days
This is in contrast with last 3 months where the hashrate nearly doubled: https://blockchain.info/charts/hash-rate?timespan=180days
Fees peaked around 25th August but still pretty high: https://bitinfocharts.com/comparison/bitcoin-transactionfees...
- 7 day avg of last 3 mo: https://blockchain.info/charts/hash-rate?timespan=180days&da...
- 7 day avg of last 2 mo: https://blockchain.info/charts/hash-rate?timespan=30days&day...
Going from 6 to 7.5 EH/s it's not more or less the same (it's a 25% increase)