BTC - Hashrate just keeps growing, despite prices
The network is more and more secure as the hashrate increases.
It hasn't shown any signs of stopping even though prices have tanked:
What does that mean going forward?
I am not entirely sure.
Though it likely means that the break-even point for mining is lower than most think or many miners are operating at a loss but don't care.
I don´t know why the hashrate is growing but i like it.
Miners spent a lot of money setting up, now they have to mine, regardless of price perhaps?
Maybe, because there are a lot of possibilities to use bitcoin and other cryptcurrencies in the future.
Hopefully.
Very confusing 🤪🧐🤪
In the past increasing hashrates predicted increasing prices. Though that trend seems to have broken early this year.
Thank's for information