Hi.
I was looking at the hashrate vs price chart and I am wondering if there actually is any correlation between those two. If hashrate drops significantly do you think it would affect BTC price at all?
You just have to look at the recent crash this March, and you will see that there are correlations. When the price goes down hard, the hash rate also decline. I think you can start your investigations from there.
In my opinion, even tho halving just occurred we should expect hashrate to be lower, we can still see it is stable, so I guess not so many miners closed their mining farms.
It is expected though that some mining farms have closed already, because it's either they don't have the new mining gear and obviously it will be hard for them as there are no profits to be made.
Do you think some of them are currently mining with loss? and if so, should we expect hashrate to drop soon?
I think the exodus has stopped already. On the contrary, I believed that there could be new players who wanted to join and enter the picture after this halving. So when some door closes, another one open.