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BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position

BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position – Bitcoin News

According to Fundstrat analyst Sam Doctor, it appears Bitcoin Core (BTC) hashpower has doubled since just before the start of summer. That figure is impressive considering the lingering and deep bear market. “Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18m” Mr. Doctor tweeted.

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