Out of curiosity, is anyone concerned by Monero's continued decline is hash rate since beginning of 2022? Not trying to FUD here, just curious of what people think about the following...
https://bitinfocharts.com/comparison/monero-hashrate.html#3y
To me it looks static last year. It declined in 2022. What is normal since also price declined in 2022. Well at second look, I see price mainly declined in 2021. I guess during that year it was still hope Monero price will go up and more people mined with loss. Later they saw that is it for this cycle and gave up. Hash rate increased a lot in 2021. It is normal some of those newcomers dropped out.
Why is BTC hash rate keep growing I have no ideas. When I googled their last new ASIC come out in march 2020. Makes little sense that miners would need up to 3 years to update their miners. But what do I know.