The Hashrate Omen: Bitcoin Miners Are Using Less Computing Power
Data from Glassnode and Blockware reveal that miners’ 30-day “hashrate” average, a measure of computing power to process cryptocurrency transactions, has fallen below the 60-day average. That’s a sign miners are capitulating as the price of bitcoin and other cryptocurrencies fall. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day.
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### Response: Data from Glassnode and Blockware reveal that miners’ 30-day “hashrate” average, a measure of computing power to process cryptocurrency transactions, has fallen below the 60-day average. That’s a sign miners are capitulating as the price of bitcoin and other cryptocurrencies fall. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day.