Post
Topic
Board Bitcoin Discussion
Re: Big drop in hashrate
by
Razick
on 28/09/2019, 20:30:50 UTC
The drop in the hashrate doesn't really matter since it has no effect on the market value of Bitcoin. A drop in the total hashrate of bitcoin will only affect the difficulty of mining Bitcoin.  But there is no direct relation between the fluctuations of the price of Bitcoin to the total hashrate of the entire bitcoin blockchain network...

Doesn't the hash rate affect the price because the more miners the higher the price generally of a coin, and the last miners who focus on a coin then the price goes down. The drop in hashrate is probably a negative sign for the price in the short term.