Post
Topic
Board Speculation
Re: Bitcoin Hash Rate on All-Time High, What does it Mean for BTC Price?
by
fosco333
on 30/08/2018, 02:07:24 UTC
Bitcoin price has taken a further fall and dropped below $7,600 level. However, its network hash rate is at its all-time high after going through various ups and down in the short term. With the bears making an entry into the market, how is bitcoin hash rate going to affect it?

https://coingape.com/bitcoin-hash-rate-on-all-time-high/

If the bitcoin hash rate going higher than before, it means more miners are mining bitcoin. High hash rate will increasing difficult of mining.
When the difficulty of mining increase, it means you will earn coin lesser than before because the share is smaller.