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Fast Take
A variety of noise has surrounded Bitcoin’s huge hash fee progress this yr.
Figuring out the hash fee progress over a three-month transferring common to cancel out each day incremental strikes would put present hash fee adjustment at 52%.
Solely on two different events had extra substantial progress for Bitcoin hash fee.
In Might 2021 — a 70% adjustment coming off the China mining ban
After the 2019 bear market — a 65% adjustment.
The most certainly rationalization is that many mining corporations went public and financed a whole lot of mining tools; as it’s now worthwhile to mine Bitcoin, we’re seeing a whole lot of ASICS plug again into the community.
The publish Third-most aggressive hash fee adjustment to the upside up to now 5 years appeared first on CryptoSlate.
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