BTC Hashrate hits new ATH!
1 min read
Bitcoin Hash Rate and Mining Difficulty Headed Higher is Great News for Bulls (In Theory)
Miners are long BTC!
“In this 2-week cycle, If BTC can go up above $23,000, machines that are more efficient than 40W/T can be running with profits at the electricity of $0.08/kWh.”
What are your thoughts on the increasing hashrate during a bear market? The critics like to argue that it’s the measurement of more carbon emissions negatively impacting the environment. I strongly disagree. I think the security of the BTC network is worth its costs. This looks very good for the network.
The energy used is constantly evolving. The critics are mad about the current utilization of existing energy sources but that’s not BTC’s fault. BTC is using the same energy as the rest of the world. BTC can actually help the energy demand normalize and discover sources for more sustainable energy.
submitted by /u/OpticallyMosache
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