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Miners are turning the machines back on

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jrcornel
84
last yearSteemit

Hash Rate is surging

The bitcoin network hash rate is surging.

The 30 day chance in hash rate is the highest ever.

The absolute value is the highest ever.

Basically, the latest price bounce to $23k as caused all those miners to come roaring back.

Check it out:

image.png

(Source: https://twitter.com/WClementeIII/status/1620119949091143680/photo/1)

I think this tells us that the breakeven point for the majority of miners is somewhere between about $16k and $22k.

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