Bitcoin Hashpower Doubled Since May Despite 70% Correction

Source: Digital Money Times, originally published on .

http://digitalmoneytimes.com/bitcoin-hashpower-doubled-since-may-despite-70-correction/.

Fundstrat, a Wall Street-based investment firm led by Tom Lee, reported that the hashpower of Bitcoin has doubled since May. “Despite BTC bear market, hashpower doubled since May to 57 EH/s – Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18. Breakeven now $ 7300 ($ 5300 cash

The post Bitcoin Hashpower Doubled Since May Despite 70% Correction appeared first on CCN

CCN

The post Bitcoin Hashpower Doubled Since May Despite 70% Correction appeared first on Digital Money Times.

Leave a Reply

Your email address will not be published. Required fields are marked *