Replying to Avatar Bitcoin News

How Bitcoin’s price and hashrate are related over time.

•X-Axis → Bitcoin’s price

•Y-Axis → Total hashrate

•Plot Rate → Each point = a day

As Bitcoin’s price rises, more miners join the network, increasing the hashrate.

https://m.primal.net/OYBw.mp4

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Konqueror 11mo ago

Price definitely doesn’t keep in lockstep with the value of energy required to maintain the network. Graphic made that asymmetry pretty apparent to me. But I don’t know anything 🤷‍♂️

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