Memo - Post by Jeffrey Lebowski

Jeffrey Lebowski

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Jeffrey Lebowski

size requires a year or longer, I find it quite surprising that all of that hashrate would come online in one week. It was like they flicked a single switch exactly 1 week before the

fork. Hashrate rentals are a far more parsimonious explanation for this data than actual hardware.
Stacked chart version:

The stacked chart indicates

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Jeffrey Lebowski

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that SVPool's early hashrate (Nov 1-8) came from CoinGeek directly. This is not a surprise, since CoinGeek owns and operates SVPool. They probably decided that it looked better to

Jeffrey Lebowski

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have their 2.7 EH/s of hashrate split between two pools instead of all in one place.
Mempool did not exist until 11-10. I suspect that CoinGeek wanted to split its

Jeffrey Lebowski

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hashrate up further because they knew that a blockchain with only three pools (two of whom were owned and operated by one person) is not very reputable."