02 Dec '12, 11pm

Bitcoin GPU Miners still going strong: One of the predictions that I posted might happen when the mining reward

"One of the predictions that I posted might happen when the mining reward dropped from 50 BTC to 25 is that GPU Miners will get switched off because the price in electricity to run them would far outweigh the bitcoin reward they generate, I proposed that this would lead to a drop in the bitcoin network computation speed. Well, I was wrong. If you have a look at the graph provided by the great team over at http://bitcoin.sipa.be/ you will see that today, the 3rd of December 2012 a full 4 days after the reward drop the network computation speed is actually growing."

Full article: http://slashdot.org/submission/2379945/bitcoin-gpu-miners...

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