Although many people will tell you hashrate doesn't matter to price I disagree.(in the long run)
EH/s is gonna pass 400 soon and it was only 97 EH/s right after the China ban back in summer of 2021. I think progress is good for future price.
The more energy and infrastructure invested in mining bitcoin the more bullish I get.
There are many reasons others can add, but this is one:
- Every new mining facility will eventually orange pill at least 1 new person eventually even if it doesn't happen until after the next halving.
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