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Hash rate matters - new record coming in about 4 days

Bitcoin Reddit

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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.
submitted by /u/Bastiat777
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