BTC Hashrate hits a new all time high
What comes first the chicken or the egg?
The Chicken lays the egg but a chicken is born from an egg, so which comes first?
Which comes first, the price of bitcoin going up or the hash rate going up?
There's an argument to be made either way.
Personally I think hash rate follows price, but other very smart people tend to think it's the other way around.
Today the BTC hash rate hit another all time high:
The hash rate is the total computation resources put into securing/mining the bitcoin network.
The higher the hash rate the more secure the network.
Bitcoin has never been more secure than it is right now.
Interestingly enough, if we think the price is going up a lot right now, just wait until there are no more new coins being created...
I won't have to worry about that considering it won't happen until roughly 2140, but it could be a problem for my grandchildren...
Stay informed my friends.