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Bitcoin’s hashrate increase isn’t helping miners in any way, here’s why
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Over the last few months, Bitcoin miners have reaped the benefits of BTC’s short-term rally. Interestingly, besides BTC’s price, the hashrate of the network has also increased.Read Bitcoin’s Price Prediction 2023-2024Due to the growing hashrate, the demand for ASIC rigs required to mine Bitcoin has also increased.<p lang=«en» dir=«ltr» xml:lang=«en»>As #Bitcoin hashrate pushes to new ATHs, we can estimate the number of operational ASIC rigs required to generate that hashpower.Using three latest generation Antminer rigs, we estimate a fleet of –
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