I remember reading a news story claiming bitcoin's 12 month hash rate was up by "155%" last month:
https://bitcointalk.org/index.php?topic=4670899Is it possible bitmain or another ASIC manufacturer is ramping up production and flooding markets, leading to nvidia experiencing a significant decline?
Shares are now getting whacked in after-hours trading, which frankly messes no sense because they beat expectations on over all revenue and profit. Just shows that the idiotic crypto mentality has creeped into traditional investing.
So much happening in a short span of time these days. Would I be accurate if my guesses were #1 fears over turkey toxic asset contamination #2 looming fears over the US / china trade war, or #3 american lawmakers may have severely weakened Trump's plans for economic sanctions against china. Which could mean the US economy might weaken, rather than china's economy weakening.