Re: Bitcoin price vs. hash rate?

Quote from: ElOmmy on March 30, 2014, 05:16:15 PM

Hi all,
Given the recent flurry of posts on how bitcoin's value will keep on dropping, how does one think about the ever-increasing bitcoin hash rate?
http://blockchain.info/charts/hash-rate
http://blockchain.info/charts/hash-rate?timespan=60days&showDataPoints=true&daysAverageString=1&show_header=true&scale=0&address=

Looks like miners, the core backers and long-term investors in bitcoin, still have plenty of optimism left? And the current market is just speculators' short-term panic?

-ElOmmy

Now today the hash rate is much higher than ever in the past, the miners are doing there job pretty well and the network have become more stable. The confirmation time of transactions have reduced a lot in the last couple of years.
I will say don't worry about the hast rate at all because due to growing users/community of bitcoin more miners are in the field now, so hash rate will never going to decrease any more.