According to analysts, in early November, the bitcoin hashrate updated its maximum performance. However, there is a risk that, in the near future, a cryptocurrency dump will be there.
Nowadays, the bitcoin hashrate has reached 267.3 EH/s, which is 9% more than the previous record. Earlier, an article was published in which the main reasons for the growth in the cryptocurrency mining rate were noted.
The founder of Capriole Investments, Charles Edwards, noted that the increase in the hash rate may indicate that large energy companies have entered the market. Also, these statistics contradict the view that miners are leaving the industry.
However, not everyone adheres to a positive outlook. For example, Cryptonary experts noted that in the future, large miners may begin to unload their reserves in cryptocurrency. This is due to the fact that due to the growth of hashrate, the cost of generating blocks is also growing. To avoid bankruptcy, miners can start sales.
