Bitcoin hash rate at all-time highs again

[bitcoinposts]

Bitcoin hash rate itself confirm strong bull run in the coming months even the price drop to 30 percent still we can see positive bull run in the coming months to come

[Thefrolly]

When there is an increase in bitcoin hash rate, it invariably means that a bull season is coming for bitcoin. The same thing will very likely happen to Ethereum and other top cryptocurrencies. Now Bitcoin price is still on its low, but it will come back with force. Yes, Bitcoin has been undervalued for some time now, and this would restore back its glory.

[jostorres]

When there is an increase in bitcoin hash rate, it invariably means that a bull season is coming for bitcoin. The same thing will very likely happen to Ethereum and other top cryptocurrencies. Now Bitcoin price is still on its low, but it will come back with force. Yes, Bitcoin has been undervalued for some time now, and this would restore back its glory.

The low hash rate happened a week back was due to there was a big mining farm that closed operation suddenly which made the hash rate very low, but if it was true, then this is definitely one of the factor that contributed to its down trend but fortunately we are bouncing back to another peak in terms of hash rate but prices of bitcoin yet to bounce back.

Another recent factor which may contribute for another bull rally of bitcoin markets must be bakkt, I would not really say anything yet as regards it and I am surprised that it was when they came to the market that all these are just happening, but I think we will get over that very soon. I don’t think that the president trump stand should be any factor to contribute to why bitcoin drop because people generally does not want Libra coin and this purpose makes it difficult for Facebook to really decide it launch. There is one particular factor that made the value of bitcoin drop suddenly which I am yet to find.

[Eugenar]

The total computer power that is directed to the Bitcoin network has reached an all-time high again. The measurement of this metric is known as the “hashrate” and it is a good way of measuring the security of the network. The network hit a new high of 85 exahashes (EH/s) last week and the mining difficulty about 12 trillion. Read more here: https://www.cryptofish.com/blog/bitcoin-hash-rate-at-all-time-highs-again/

Does price lead hashrate or does hashrate lead price?

In terms of security, the main thing that might seems to be a problem is the distribution of the hashrate, I think, and based from my experience reading from news about crypto here on our forum, it is much safe if the hashes are distributed across huge volume of miners. the safety of the blockchain might somehow depends on the hashrate, if an entity or group handles a huge volume of the hashes, they might somehow have a control over how the blockchain will be.

[Herbert2020]

The low hash rate happened a week back was due to there was a big mining farm that closed operation suddenly which made the hash rate very low, but if it was true, then this is definitely one of the factor that contributed to its down trend but fortunately we are bouncing back to another peak in terms of hash rate but prices of bitcoin yet to bounce back.

we are not bouncing back because to do that we first have to had gone down but the hashrate never dropped at all. what we saw was a bug in some shitty block explorer called blockchain.info that reported false values for hashrate then the news sites filled the internet with their FUD about how hashrate has dropped they even went as far as publishing some fake pictures showing some fake thing that was burnt!