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1. Bernie (codewiz@mstdn.io)'s status on Tuesday, 17-May-2022 17:14:24 UTC Bernie

   BTC/USD dropped below the exchange rate of July 2021...
   https://www.blockchain.com/charts/market-price

   • Bernie (codewiz@mstdn.io)'s status on Tuesday, 17-May-2022 17:17:55 UTC Bernie

     in reply to

     How can the hash rate continue to climb? What's different this time?

     https://www.blockchain.com/charts/hash-rate
     #bitcoin #cryptocurrency

   • Bernie (codewiz@mstdn.io)'s status on Tuesday, 17-May-2022 17:21:25 UTC Bernie

     in reply to

     I can only think of a few explanations:

     1. Mining ASICs have become much more efficient

     2. Today miners are paying less for electricity than one year ago

     3. In July 2021, hash power decreased due to other factors (perhaps one of the many attempts to ban cyrpto in China)

     Ok, which one is it?

     #bitcoin #cryptocurrency