giant hashrate has noticeably dropped in the past 30 days, according to the company’s hashrate disclosure as of May 7.
Per the data analyzing the hashrate of all Bitmain-owned hardware, updated once every 30 days, the SHA256 hashing algorithm — which is used in the () network — has dropped from 1,692.35 quadrillion hashes per second (PH/s) in March to 237.29 PH/s as of the beginning of May. This marks a noticeable downturn in the company’s power.
When comparing with Bitmain’s numbers of last year, In July 2018, Bitmain’s SHA256 hashrate was PH/s, registering an upstick to 2,339.21 PH/s three months later, in October.
As previously , the two pools operated by Bitmain, Antpool and .com, contributed to almost 23% of the total hashing power of the entire pool as of January 2019. However, six months earlier the company’s pools represented 41% of the market share, meaning that its share has been steadily declining.
In February, a from Canadian wealth management company Canaccord claimed that became more decentralized and continues to diversify. At the time, however, the largest stakeholder still remained Antpool, the report notes. Data from currently puts Antpool’s share at 16.4%, while suggests it is closer to 17.1%.
In late March, Bitmain allegedly that the release of its new hardware could hinge on the 2020 block reward halving, saying that next year’s event could reverse its fortunes. In May 2020, the reward size will decrease from 12.5 to 6.25 per block. In line with previous patterns, some predict a price surge ahead of the halving — possibly beginning around June 2019.
“Bitmain is now betting that its next flagship product scheduled to be released by the end of this year will turn out to be a winner in the gear market, capturing an expected rally,” an unnamed source close to Bitmain reportedly said.
Published at Wed, 08 May 2019 01:54:19 +0000
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