Hash Rate is Bullish

While everyone in BTC is excited about the paper ETF getting traded on Wall Street, some miners are waking up and moving over to BCH where on-chain transactions are the priority.

4 thoughts on “Hash Rate is Bullish”

  1. It presently isnt a concern for BTC, but just as a reminder, BCH has a quick hashrate adjustment algorithm and BTC does not. If for some reason (like say profits) a lot of hashpower where to leave BTC, it is theoretically possible for BTC to get stuck in a death spiral where available hashpower is insufficient to mine enough blocks to make it to the next difficulty adjustment, causing massive congestion, no new blocks, widespread panic, massive price swings downwards, collapsing LN, etc.

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