5/15 ANDY HOFFMAN (CryptoGoldCentral.com): If Hash Rate Leads Price, BRhodium One Of The Most Undervalued Altcoins

From day one, I have espoused the most important aspect of a cryptocurrency – ultimately, the best indicator of its valuation – is its hash rate. Most altcoins are not mined at all – with only a very small proportion, utilizing proof of work. Mining can be a very risky business, due to the costs of hardware, electricity, and downtime – so only those coins with strong miner confidence have high enough hash rates to make the networks self-sustaining.

BRhodium’s MainNet launched seven months ago – which in cryptocurrency’s “double dog years” development pace, is an eternity. During this period – which until March, occurred within a vicious crypto bear market, its hash rate has risen from essentially zero to 5.0 TH/s. In fact, two major mining pools joined this month – no doubt, catalyzed by the public code release March 31st;Trezor acceptance and coinmarketcap.com listing, a few days later; and listing on the prestigious Chinese exchange, FatBTC, a few weeks later. In fact, the surge from 4.0 TH/s to 5.0 TH/s occurred mere hours after the FatBTC listing – which may be a coincidence, but likely not.

Following the Binance hack, the two main exchanges XRC trades on, p2pb2b and Trade Satoshi, suspended deposits and withdrawals on many coins to bolster their security protocols – including XRC. Trading volume dramatically declined, and prices fell from .0035 BTC to just below .002, where it is trading today.

P2pb2p just reinstated XRC deposits and withdrawals yesterday, and Trade Satoshi did so this morning. However, p2p still has not re-instated Bitcoin withdrawals (though BTC deposits are still allowed); which, very likely, is a reason for investors’ near-term skepticism. Hopefully, today’s Binance reopening of deposits and withdrawals leads to p2pb2p doing the same – as unquestionably, it will restore confidence in coins that trade high volume there.

Irrespective, BRhodium’s Hash rate remains closely pegged to the 5.0 TH/s rate, with mining costs indicating a BTC equivalence above .0017. So, the most important aspect of XRC’s value – miners’ desire to expend time, energy, and risk on mining it – is unchanged, in a coin that currently has ZERO speculative value. Which, given all the fantastic fundamental underpinnings of the coin – not to mention, the burgeoning crypto bull market – may well make it one of THE most undervalued altcoins.

BRhodium currently trades on p2pbp2.io, Trade Satoshi, Fat BTC and Bisq. If you have questions about anything XRC-related, including OTC trading, please email me at [email protected], or DM/PM me on Twitter or Discord.