Bitcoin Hash Rate Increases. Implications For Equities – Bitcoin Magazine

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The following is an excerpt from a recent issue of Bitcoin Magazine Pro, Bitcoin Magazine premium markets newsletter. To be among the first to receive these statistics and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

New All-Time High Hash Rate

Just two months ago, the 2022 expansion of the Bitcoin hashrate looked bleak. The price of bitcoin had plummeted, miners’ margins were being squeezed, large public miners were shedding bitcoin holdings, and it was a ripe time to review the state of miners’ capitulation to the market. Fast forward to today: the price has dropped from a massive bear market rally to $25,000, while the online hash rate has risen to a new all-time high of nearly 250 EH/s. The cut and scope and increases in the price of bitcoin have not affected the hash rate to increase this year. Hash rate has not really decreased since July in 30 days of growth.

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