Post
Topic
Board Speculation
Re: Bitcoin Hash Rate on All-Time High, What does it Mean for BTC Price?
by
hakertajniak
on 22/09/2018, 14:34:06 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/

i think if bitcoin mining hash rate is very high, then it means there are many peoples join to mining bitcoin.
But if the price of bitcoin falling, some of them may leave mining because the profit is small, and the hash rate will be lower.