Bitcoin hash rate is spiking to all time high despite the recent price slump. Miners don’t seem to be worried about the price in the short term with new entrants continuing to enter the market. Hash rate is up +100% since January 1st 2018 and around +25% since May 1st as well as +15% from two weeks ago. The force is strong here!
At the same time, Bitcoin copycat’s hash rate continues to decline this week. Down over 6% relative to bitcoin.
Bitcoin, one chain to rule them all!
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