So the hashrate is directly dependent on current Bitcoin value? My RTX 3080s are currently doing 6-7 USD per day even though they are mining at around 92 MH/s.
If people stop mining when the BTC value falls yes, you could say that they are linked for sure.
I guess that you use Nicehash with your RTX ? You mine ETH and you are paid in BTC if I'm not wrong ?
I am mining in BTC and then transfer them to Binance (when enough has accumulated) for withdrawal in USD.