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?
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.
Do you think some of them are currently mining with loss? and if so, should we expect hashrate to drop soon?
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?
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.
Do you think some of them are currently mining with loss? and if so, should we expect hashrate to drop soon?
Well if you look a this chart (https://charts.woobull.com/bitcoin-hash-price/)
Just maybe you can see some correlation, specially at the peaked of Bitcoin's price in December 2017-Jan 2018 at this evidently cross each other that time.
But after that there is a slight divergence and it's barely noticeable. So long term, even if we see some miners going out of business eventually it will flatten out. So I wouldn't be concern at this point.