# Grin hasrate drop multi year lows **URL:** \ **Category:** Mining\ **Created:** [September 4, 2024, 9:45am UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193 "2024-09-04T09:45:32Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Cobragrin](https://avatars.discourse-cdn.com/v4/letter/c/aca169/32.png) [@Cobragrin](https://forum.grin.mw/u/Cobragrin)\ **Post date:** [September 4, 2024, 9:45am UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/1 "2024-09-04T09:45:32Z")
Miners only care economic market incentives. And Grin hashrate tells something. ![Screenshot 2024-09-04 at 12-42-25 GRIN Network Hashrate Chart - 2Miners](https://canada1.discourse-cdn.com/flex036/uploads/grin/original/2X/9/91ae68e23816eb5ab2b9577aa1bd1fe0110194ce.png) ---
**Author:** ![EllipticCurve](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/ellipticcurve/32/6230_2.png) [@EllipticCurve](https://forum.grin.mw/u/EllipticCurve)\ **Post date:** [September 4, 2024, 10:42am UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/2 "2024-09-04T10:42:32Z")
Good for small G1 mini miners who holds the coins. The big ones instant sells the new mined Grins thats why the price can not recover. ---
**Author:** ![Cobragrin](https://avatars.discourse-cdn.com/v4/letter/c/aca169/32.png) [@Cobragrin](https://forum.grin.mw/u/Cobragrin)\ **Post date:** [September 4, 2024, 10:51am UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/3 "2024-09-04T10:51:56Z")
yeah it should be better if it hits 1 kgps, more secure and decentralized network. I think Satoshi was wrong about it all. ---
**Author:** ![trab](https://avatars.discourse-cdn.com/v4/letter/t/f04885/32.png) [@trab](https://forum.grin.mw/u/trab)\ **Post date:** [September 4, 2024, 2:43pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/4 "2024-09-04T14:43:15Z")
> [@Cobragrin](#): > > more secure and decentralized network. I think Satoshi was wrong about it all. Can you elaborate on this? I haven’t thought a ton about hashrate and mining yet. ---
**Author:** ![Anynomous](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/anynomous/32/2928_2.png) [@Anynomous](https://forum.grin.mw/u/Anynomous)\ **Post date:** [September 4, 2024, 2:55pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/5 "2024-09-04T14:55:24Z")
Hash/Graph rate appears to be back to normal now… Power outage somewhere in China 😛 ---
**Author:** ![Cobragrin](https://avatars.discourse-cdn.com/v4/letter/c/aca169/32.png) [@Cobragrin](https://forum.grin.mw/u/Cobragrin)\ **Post date:** [September 4, 2024, 3:31pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/6 "2024-09-04T15:31:14Z")
> [@Anynomous](#): > > back to normal now It is not normal, it is **multi year lower vs low** since years. > [@trab](#): > > Can you elaborate on this? I haven’t thought a ton about hashrate and mining yet. _Less hashrate, less security_ and decentralization of blockchain. Only a few miners mine, centralized and risky to %51 attacks. ---
**Author:** ![trab](https://avatars.discourse-cdn.com/v4/letter/t/f04885/32.png) [@trab](https://forum.grin.mw/u/trab)\ **Post date:** [September 4, 2024, 5:02pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/7 "2024-09-04T17:02:24Z")
> [@Cobragrin](#): > > _Less hashrate, less security_ and decentralization of blockchain. Only a few miners mine, centralized and risky to %51 attacks. I know that, but what did you mean about this > I think Satoshi was wrong about it all. And why would the network be more secure if the hash rate goes 4 times _lower_? > yeah it should be better if it hits 1 kgps, more secure and decentralized network ---
**Author:** ![Anynomous](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/anynomous/32/2928_2.png) [@Anynomous](https://forum.grin.mw/u/Anynomous)\ **Post date:** [September 4, 2024, 7:02pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/8 "2024-09-04T19:02:35Z")
> [@trab](#): > > yeah it should be better if it hits 1 kgps, more secure and decentralized network Quite certain that was irony… ---
**Author:** ![natsu](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/natsu/32/6279_2.png) [@natsu](https://forum.grin.mw/u/natsu)\ **Post date:** [September 4, 2024, 7:04pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/9 "2024-09-04T19:04:38Z")
> Less hashrate, less security and decentralization of blockchain This is not so simple - really what measures decentralization is the number of mining parties on the network. Network hash could be 100kgps but if it’s split between two miners then that’s worse than 10kgps spread across 1000 miners. ---
**Author:** ![Cobragrin](https://avatars.discourse-cdn.com/v4/letter/c/aca169/32.png) [@Cobragrin](https://forum.grin.mw/u/Cobragrin)\ **Post date:** [September 4, 2024, 7:12pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/10 "2024-09-04T19:12:30Z")
it is worse than that.t. 1 miner mines with 10kgps, ON/OFF at daily. You see jump up and down from 4kgps to 8 kgps %100 up and down as however he wants. Grin became centralized more than you imagine, no fair no security to me. ---
**Author:** ![jwinterm](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/jwinterm/32/5013_2.png) [@jwinterm](https://forum.grin.mw/u/jwinterm)\ **Post date:** [September 4, 2024, 7:24pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/11 "2024-09-04T19:24:37Z")
What is the risk? Everyone can see if the chain is forked or rolled back. It’s not ideal, but hashrate follows price, so not really unexpected imo. I don’t think it drastically affects security (who is going to attempt some long-range blockchain rollback attack? for what? to try and get the 0.1 BTC liquidity on tradeogre or something?). ---
**Author:** ![Cobragrin](https://avatars.discourse-cdn.com/v4/letter/c/aca169/32.png) [@Cobragrin](https://forum.grin.mw/u/Cobragrin)\ **Post date:** [September 4, 2024, 7:44pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/12 "2024-09-04T19:44:26Z")
Risk is centralization, on the mercy of a single miner and contra to Grin features. Crippling the ecosystem and adoption. ---
**Author:** ![trab](https://avatars.discourse-cdn.com/v4/letter/t/f04885/32.png) [@trab](https://forum.grin.mw/u/trab)\ **Post date:** [September 4, 2024, 7:48pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/13 "2024-09-04T19:48:57Z")
Are we all forgetting about game theory? Isn’t this just signaling that it’s a good time to start mining? Regarding malicious behavior, isn’t it against their best interest to do so? The game theory again. If they mess with the chain, it’s wrecks the price and they’re left holding grin that no one wants. So they do all that work for nothing. ---
**Author:** ![oryhp](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/oryhp/32/2923_2.png) [@oryhp](https://forum.grin.mw/u/oryhp)\ **Post date:** [September 4, 2024, 8:08pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/14 "2024-09-04T20:08:48Z")
The risk of continuous centralization is lower when you have a few miners and low difficulty than the same situation and a high difficulty. Why? Because anyone can intervene and make a significant contribution. So whoever is worried or thinks the situation should improve can start mining. That’s what Bitcoin community, including Satoshi, did in the early days/years. Someone has to do the work… and prove it:) And yes, the risk of a 51% attack is higher when the difficulty is low because it’s simply less costly to create history/blocks. One more reason for people that care to turn on their miners and make it harder (even if just a little bit). ---
**Author:** ![Cobragrin](https://avatars.discourse-cdn.com/v4/letter/c/aca169/32.png) [@Cobragrin](https://forum.grin.mw/u/Cobragrin)\ **Post date:** [September 4, 2024, 8:26pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/15 "2024-09-04T20:26:09Z")
This is not early days of bitcoin, it has passed **5 years from Grin mainnet.** Since Early days of bitcoin, it went contious up trendly, on the contrary Grin hashrate falling down trendly. You cant claim this, if want to prove it, make a tweet about it with bitcoiners engage and let’s see. I will bend the knee if this is true. > [@oryhp](#): > > That’s what Bitcoin community, including Satoshi, did in the early days/years. Someone has to do the work… and prove it:) Again not people tend to mine becuz of incentives it looks like, it is not the begginning of mainnet but this is after 5 year time passed after mainnet. You add apple and oranges. 1 big miner mining is problem and nobody can call it a network or blockchain. ---
**Author:** ![trab](https://avatars.discourse-cdn.com/v4/letter/t/f04885/32.png) [@trab](https://forum.grin.mw/u/trab)\ **Post date:** [September 4, 2024, 9:40pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/16 "2024-09-04T21:40:28Z")
> [@Cobragrin](#): > > it is not the begginning of mainnet but this is after 5 year time passed after mainnet. Why are you acting like Grin should have the same trajectory as Bitcoin? There’s no halvings here, no limited supply, so the trajectory is inherently very different. > [@Cobragrin](#): > > You add apple and oranges. Indeed > [@Cobragrin](#): > > Since Early days of bitcoin, it went contious up trendly, on the contrary Grin hashrate falling down trendly. Look at the inflation rate. The only way price goes up is via better UX (development), but even with that, the early days (right now) is not expected to have price go up a crazy amount with this inflation. Most important thing is the use case as money. Get more users through superior UX ---
**Author:** ![Cobragrin](https://avatars.discourse-cdn.com/v4/letter/c/aca169/32.png) [@Cobragrin](https://forum.grin.mw/u/Cobragrin)\ **Post date:** [September 5, 2024, 10:32am UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/17 "2024-09-05T10:32:05Z")
yes, inflation rate, fair launch proof of work etc. understood. ---
**Author:** ![EllipticCurve](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/ellipticcurve/32/6230_2.png) [@EllipticCurve](https://forum.grin.mw/u/EllipticCurve)\ **Post date:** [September 5, 2024, 10:52am UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/18 "2024-09-05T10:52:31Z")
@Cobragrin is right it becomes more and more centralized look at this miner enclosed. ![image](https://canada1.discourse-cdn.com/flex036/uploads/grin/original/2X/7/7b239e96443fddf3a27e72dd5c58cb5ac4aaf7f2.png) ---
**Author:** ![transatoshi](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/transatoshi/32/6247_2.png) [@transatoshi](https://forum.grin.mw/u/transatoshi)\ **Post date:** [September 5, 2024, 11:29am UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/19 "2024-09-05T11:29:41Z")
> [@oryhp](#): > > centralization is lower when you have a few miners and low Ahem. ![1000003032](https://canada1.discourse-cdn.com/flex036/uploads/grin/original/2X/c/cf12859cdc67d66e68e9dcdd13cec613c57cee45.png) edit: did not mean for that to be a reply 🫠 ---
**Author:** ![trab](https://avatars.discourse-cdn.com/v4/letter/t/f04885/32.png) [@trab](https://forum.grin.mw/u/trab)\ **Post date:** [September 5, 2024, 12:21pm UTC](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193/20 "2024-09-05T12:21:42Z")
> [@EllipticCurve](#): > > it becomes more and more centralized What is stopping you from mining? That is the question we should all be asking ourselves. For me, I just haven’t looked into it before. Not something I’ve ever done. So it’s just a lack of knowledge. What’s the reason for you? [Next page](https://forum.grin.mw/t/grin-hasrate-drop-multi-year-lows/11193.md?page=2)