If you are thinking of Investing in Bitcoins , now is the time , the hash rate hit an all time high of 130 Eh/s yesterday.
Daily hashrate fluctuations are irrelevant.
It depends a lot on the 24h interval you chose to analyze, the luck in mining blocks can heavily influence this, for example, bitinfocharts who has a different hourly interval reported 139exa on the 25th:
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m
For the same ay bitcoin(com) reported 120.
Also, blockchain.info reported a max peak of 129.
Besides, on the current pace we're experiencing, the predicted difficulty is somewhere around:
you can't predict price or make investment decisions based on bitcoin mining hashrate at all because hashrate changes after the price moved and since it has been rising for a while now breaking $10k first then $11k and now $12k consequently the hashrate had to follow that too.
Exactly, the increase in hash rate is not a trigger for a new price jump, it was caused by the last one.
Hash rate cannot determine the price of the Bitcoins , but the thing is when during Halving the hash rate declined , some were worried now we have encompassed that factor. Therefore that's a "+" for the community and at the same time we did break through the resistance of 12k!!
Plus there is a reason I wrote MIGHT , which does state that , rally might happen .
_*_
The post was to celebrate how we have had :
- encompassed 12k
- recovered the hash rate
_*_
Please read before actually putting assumptions since there was no where that I did say that hash rate is an indicator of price. Since we are having some good news , I do believe this is a good time for our investments. Wouldn't you agree on that ?
