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Bitcoin Miners Unfazed By Crash As Hashrate Rockets Up To New Record

On-chain data shows the Bitcoin Hashrate has shot up to a new all-time high (ATH), despite the fact that BTC has continued its bearish trajectory.

The “Hashrate” refers to a metric that keeps track of the total amount of computing power that the miners as a whole have currently connected to the Bitcoin blockchain.

When the value of this metric goes up, it means new miners are joining the network and/or old ones are expanding their facilities. Such a trend implies the chain is looking attractive to these chain validators.

Bitcoin Miners Unfazed By Crash As Hashrate Rockets Up To New Record

On-chain data shows the Bitcoin Hashrate has shot up to a new all-time high (ATH), despite the fact that BTC has continued its bearish trajectory.

The “Hashrate” refers to a metric that keeps track of the total amount of computing power that the miners as a whole have currently connected to the Bitcoin blockchain.

When the value of this metric goes up, it means new miners are joining the network and/or old ones are expanding their facilities. Such a trend implies the chain is looking attractive to these chain validators.

https://bitcoinist.com/bitcoin-miners-unfazed-by-crash-hashrate-new-record/