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Tag Archives: christopher benediksen

Bitcoin Halving Is 42 Days Away, Hash Rate and Miners Lose Force

Bitcoin is believed to enter the miner capitulation stage, where hash rate and price drop significantly. However, some researchers claim that Bitcoin price is independent of the halving cycles, as well as of hash rate.Per TradingView general manager Pierce Crosby, the programmatic price limits have significant influence over the Bitcoin hash rate. The lower the price per coin, the lower the profits from block mining. Crosby believes that part of the network’s rigs will slow down, causing a...

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