Comment on Bitcoin Network Doubles to 2 PH/s in Four Weeks; the First 1 PH/s Took 4.7 YearsComments−WayneS12yAhh that is kinda how "exponential growth" works. But clearly the exponential part is recent because if you project backwards at doubling every 4 weeks you find the hash rate started at one hash every 28 days. ;-)−nullc12yIt actually had as-high/higher rates of growth in 2011: http://bitcoin.sipa.be/speed-ever.png
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Ahh that is kinda how "exponential growth" works. But clearly the exponential part is recent because if you project backwards at doubling every 4 weeks you find the hash rate started at one hash every 28 days. ;-)
It actually had as-high/higher rates of growth in 2011: http://bitcoin.sipa.be/speed-ever.png