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67 sats \ 2 replies \ @siggy47 4 Jul \ on: What is going on with the hashrate? bitcoin
I really wouldn't call this a dramatic drop in hash rate. Remember when China "banned mining"? That was a drop in hash rate, until it quickly climbed back up.
Yes agree. I tried to explain it briefly. That china ban drop was not related to the halving. In the halving we didn't see a drop like we are seeing this time. This could mean that mining cannot keep up without Bitcoin price to go higher, which is what I expect to happen. Still, the network is healthy and secure. No worries there.