The Bitcoin hash rate has increased by 28.2% over the last month

Doing some back of the envelope calculations..<p>Hash rate is about 1,200 PH now. The most efficient ASIC miner today is the AntMiner S7 [1], which does 4.86 TH at 1.21 KW. This gives us a power consumption of the entire Bitcoin network of at least 300 MW. Actual power will easily be double that, given that not everybody is using the latest miner. So let&#x27;s say total power consumption is about 600 MW. This is the output of a small power plant.<p>[1] <a href="https:&#x2F;&#x2F;www.bitcoinmining.com&#x2F;bitcoin-mining-hardware&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.bitcoinmining.com&#x2F;bitcoin-mining-hardware&#x2F;</a>

What&#x27;s newsworthy about this?<p>First of all, 28% could almost entirely be attributed to noise.<p>Second, the fastest hash rate increase recently observed occurred between Nov 2015 and Feb 2016, not during the last month.

It would be interesting to know total sales of the leading mining hardware, and who the customers were.

Not really, going by the graph linked it increased from 1.2 to 1.3 Petahases&#x2F;sec from a month ago to today, which is not 28.2%

Sorry for a silly question, but can someone explain for does it mean?

<a href="http:&#x2F;&#x2F;bitfury.com&#x2F;products#16nm-asic" rel="nofollow">http:&#x2F;&#x2F;bitfury.com&#x2F;products#16nm-asic</a>

Slow tech news day? I guess the craptocurrency speculators need periodically &quot;news&quot; like this to dump their bitcoins and buy them cheaper next week.