Saturday, 15 December 2018

Anyone else find the btc hash rate interesting given price decline?

So since the last btc adjustment around Dec 3rd the BTC price has fallen 20%+ but the next projected difficulty adjustment is only around -7%... it would be even more interesting to know if miners are already mining at a loss as well.

https://fork.lol/pow/retarget

Just speculating but perhaps large miners who have been hoarding BCH at a far lower cost basis than BTC are trying to ensure this next adjustment keeps the difficulty as high as possible... there would be a lot of profit in finally retiring the obsolete BTC chain.

submitted by /u/MortuusBestia
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source https://www.reddit.com/r/btc/comments/a6e6ze/anyone_else_find_the_btc_hash_rate_interesting/

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