Bitcoin Forum

Bitcoin price has taken a further fall and dropped below $7,600 level. However, its network hash rate is at its all-time high after going through various ups and down in the short term. With the bears making an entry into the market, how is bitcoin hash rate going to affect it?

https://coingape.com/bitcoin-hash-rate-on-all-time-high/

Hash rate is the computational power of miners during the process of creating new coins which are basically driven by the difficulty. So having a very high hash rate means, miners have started to mine with double intensity rather than investing on bitcoin directly, so the demand will increase among the people who want to purchase BTC. So, it will make the demand and price go up.

I think the hash will not affect Bitcoin prices. Because Bitcoin is fluid based. The price remains in the market. I think Bitcoin's price will increase again. Because the demand of Bitcoin is increasing day by day.

It's confusing to me that still it affect on BTC or not. BTC recenly dropped it's market value and which factor affect much for this drop ?

Hashrate was always high when BTC price was rising. Pump and dump will be happen in every market as it is usual nowadays, as it also happens in Crypto market. I assume it will be at the high again when the BTC price is going up by the end of 2018.

Prices have some effect on hash rates, albeit momentarily. Just as Bitcoin prices were showing signs of recovery, more hashing power came online during this period, but once prices crashed again, there was a sudden drop in Bitcoin mining hash rates. So the price decreasr might be a correction before it go high again

If more people are devoting resources to getting their hands on bitcoin, that means we have a lot of bullish miners.

It's positive for bitcoin price. If people are willing to spend their electricity and their hard earned money on miners, they probably won't sell below market price when they get their coins.

BTC is the most volatile as well as most suitable place with a huge amount of infinite opportunities. BTC hash rate is also the record benchmark of all coins in crypto space. Every year since it has launched has shown its miracle by going highest in the market. I think, this year it will be no less. BTC will overreach its record by itself.

Hash rate being high means that a lot of people around the world have moved to mining again. Which in return will create a huge demand and lack of supply in market because people who wants to purchase bitcoin will be very large in number. So, it looks very positive for the BTC price right now.

The hash rate is due to the miners. Even though the price is low, it seems that the miners are sensible enough to get that this is just a temporary issue. Ergo, there is no fall in the hash rate. And this won't be affected by the price level.

I believe you have the wrong idea here. Increasing the hash rate doesnt neccesarily mean that the price would go up. It only strengthens the competition among miners though it helps to improve the network. There is no direct correlatio between hashrate and demand of bitcoin since up to date, bitcoin is still volatile and speculative.

In my opinion hashrate has very low impact in the price of bitcoin. Increasing hashrate means more and more miners are joining the bitcoin mining activity. But increasing number of miners means there will be less bitcoin rewards to each of them. As a result, they would want to sell their small amount of bitcoins at a higher price. This might be a good thing.

The more hash rate, the less should be the price. That's the same as with real industry. The more workers do the job, less payments to them. If the price for product production gets lower, the price of product for customer gets lower as well. So, in my opinion that's only will get price lower. But! The thing is that BTC is undervalued and it won't affect btc price for sure.

High minings lead to higher hash rates, which is pretty obvious that people are demanding bitcoin. Investors will have to get it from the miners in purchasing coins, therefore prices will be going higher.

It is easy to explain how hash rate is affected by price, but not so easy to explain how hash rate might affect price.

for the millionth time, a small price drop is not "bears entering the market" just as a small price rise is not a "bull run to the moon". these are normal market fluctuations in short term. unless we see a proper breakout with enough strength you can not call it bull or bear market.

it only proves that despite all the FUD that we had in the past 8 months, specially at the beginning of the year, bitcoin mining has been very profitable and miners are not only not going away but they are increasing their hashrate and new miners are coming in.

When bitcoin's popularity increased, I was very sure. Increasing hash on the bitcoin network will affect the price of bitcoin. And personally, I still believe in the future of bitcoin

Higher hash-rate is good for the network, its helps for quick bitcoin transaction confirmation. Its also means more people are mining, while this may not have an immediate impact on the bullish price, as the demand for bitcoin increases, the price goes more bullish. This shows FUDers are out to destroy weak hands, because the value of bitcoin is currently undervalued.

Maybe I'm not understanding all the specifics of Bitcoin and movement in terms of price but I am anticipating something great that is really going on, it feels like some pacific time before great rain and storm.

Hash rate being high indicates that people are mining bitcoin right now more than ever. It means, soon the miners will have a lot of newly mined coins whereas the investors who want to directly purchase will have to purchase from the miners. It will definitely increase the demand for bitcoins which in return will increase the price.

It means that number of people mining bitcoin is increasing. But no idea about if it affects BTC price ot not.

Hash rate are indicator of how much BTC is being mine, it being at an all time high state indicates that people have again moved to mining BTC which means in future there will be a huge demand among investors and the miners will dictate the market like last year which will definitely increase BTC's by a huge margin.

Recently bitcoin hash rate reaching all time high rate is really a good news for the bitcoin market after Winklevoss' ETF got rejected. It means that more people are starting to mine BTC again and after a month or so, these miners will decide the demand of the market since people who directly want to invest on BTC will be purchasing from them. That means price is likely to go high again.

I think the high network computing power of bitcoin is helpful for this project. HASH is a guarantee that can make the network more stable, which does not need to be closely linked to the price fluctuations of the bitcoin.

I think sooner or later every thing of Bitcoin is going to get affected, it still hasn't faced a drastic fall, so there's not much impact, but it seems that it will face a fall any time sooner. With the bears making an entry to the market, the hash rate is also going to get affected sooner or later.

If the bitcoin hash rate going higher than before, it means more miners are mining bitcoin. High hash rate will increasing difficult of mining.
When the difficulty of mining increase, it means you will earn coin lesser than before because the share is smaller.

It is easy to explain how hash rate is affected by price, but not so easy to explain how hash rate might affect price.

This is probably the most irrational thing I have read here, EVER. Basically You say, demand is going to grow, just because supply grows? And prices go up because there is excess in supply?

This can be a good thing. The more the workers do the work, the less pay them. So, in my opinion, only the price will be lower. The problem is that the BTC is undervalued and it will not affect the btc price.

i think if bitcoin mining hash rate is very high, then it means there are many peoples join to mining bitcoin.
But if the price of bitcoin falling, some of them may leave mining because the profit is small, and the hash rate will be lower.

I don't really see how the hash rate affects BTC's price much it keeps going up because miners need to one up each other to stay competitive and the hardware just keeps getting better.
it's pretty much always at a all time high!