Hash rate declining is providing relief for Bitcoin miners by vlemon

hive-167922 · @vlemon · Nov 27 '22

$8.58

Hash rate declining is providing relief for Bitcoin miners

Hi HODLers,

![image.png](https://images.hive.blog/DQmbQh1RLoY4KKrHFX3uo98bQNJDYf9anUgDBHPQcqnNSuL/image.png)
[Image Source](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i05d9obGX7fo/v0/1200x-1.jpg)

I feel there is always different ways to understand any kind of news.

For example, today I will talk about the Bitcoin hashrate declining. You could push two very different narratives:
* Lower security of the Bitcoin network
* Providing financial relief to existing miner which have been hit hard by the falling BTC price

#### United States' Bitcoin Miners Revenues

![image.png](https://images.hive.blog/DQmXjqxHJQ77ecnCzcFpmQ1qsD5ciiLiNHUonhmf89RUknC/image.png)

#### Bitcoin's difficulty

**Even if you cannot really see it on the following graph, Bitcoin hash rate dropped 28.6% since October, 31st.**

It now stants at 225.9 exahash per second (EH/s), compared to its ATH of 316,7 EH/s on Oct. 31, 2022.

![image.png](https://images.hive.blog/DQmWnZvuwMSsKQ5rGrNMQXCuoyPTZwrn1quxxgviGPC3d77/image.png)

It seems some politicians such as Eric Adams (NY mayor) are still willing to work to develop the industry in the United States despite all the recent drama.

As he stated recently:

>“I’m going to work with the legislators who are in support and those who have concerns, and I believe we are going to come to a great meeting place,” 

Stay safe,

[Source](https://cointelegraph.com/news/bitcoin-mining-revenue-lowest-in-two-years-hash-rate-on-the-decline)

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Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@vlemon/hash-rate-declining-is-providing-relief-for-bitcoin-miners)

👍 newhope, taskmaster4450, hodlcommunity, laruche, arunava, russia-btc, pishio, dalz, piotrgrafik, manoldonchev, vlemon, cryptoyzzy, c0ff33a, superlotto, mes, investingpennies, jskitty, mightpossibly, drax, teammo, idiosyncratic1, joetunex, steemstorage, doze, walterjay, sportscontest, finguru, cakemonster, thelordsharvest, listnerds, utube, mistakili, acesontop, jmsansan.leo, photohunt, borsengelaber, uyobong, fatkat, sbi5, break-out-trader, readthisplease, onealfa, karinxxl, hivehustlers, steemvault, voxmortis, pboulet, eii, hivelist, steem4all, knightsunited, susie-saver, nathanko, p-props, dwayne16, maddogmike, mytechtrail, maxsieg, defi.campus, l337m45732, dknkyz, ancolie, rohansuares, ph1102.ctp, and 107 others

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properties (23)vote details (171)

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onealfa	42,868,527,384	6.66%
cryptogee	7,405,140,539	100%
ancolie	10,720,832,687	8.75%
mow	1,298,956,114	100%
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c0ff33a	298,814,244,797	10%
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evildido	1,453,385,738	12.5%
vlemon	363,907,653,803	100%
aidefr	4,116,660,569	20%
drax	174,690,848,536	40%
taskmaster4450	2,893,792,708,143	100%
fatkat	55,345,180,954	100%
pataty69	4,115,644,076	10%
joetunex	126,373,542,789	30%
karinxxl	41,534,769,456	50%
mightpossibly	184,676,773,797	50%
dbddv01	1,732,697,497	12.5%
dashroom	1,781,704,373	80%
not-a-bird	5,127,965,300	20%
chekohler	5,358,389,004	10%
mytechtrail	14,303,806,210	10%
robotics101	7,126,339,850	25%
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photohunter2	2,310,311,146	100%
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lika0812	3,808,777,912	100%
p-props	16,586,221,661	100%
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imcore	887,467,108	10%
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eii	32,581,795,801	30%
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dalz	484,382,867,449	50%
cryptoyzzy	341,103,199,289	100%
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munhenhos	1,273,189,455	10%
pboulet	33,077,382,268	20%
manoldonchev	374,466,292,705	100%
cakemonster	88,783,435,556	100%
steemstorage	119,999,235,906	100%
fire451	2,179,845,173	100%
starfighter	8,112,557,957	100%
seekingalpha	783,561,681	100%
whiterosecoffee	6,274,419,304	5%
idiosyncratic1	138,818,184,773	100%
director.rar	0	100%
steemitmonsters	1,047,425,162	100%
blockbeard	1,521,010,903	100%
doze	109,887,438,422	50%
dknkyz	10,994,935,338	40%
russia-btc	576,065,670,781	48%
maxsieg	13,265,039,873	100%
krunkypuram	3,148,751,212	75%
oxoskva	2,842,089,605	100%
edipascal	393,608,118	39.5%
abh12345.leo	2,185,892,875	75%
empoderat	5,051,905,871	25%
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the.lazy.panda	802,463,332	10%
ph1102.ctp	10,023,702,130	100%
revise.leo	3,394,572,899	100%
knightsunited	18,323,384,338	100%
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ykretz	2,403,753,291	5%
jskitty	205,791,340,370	100%
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finguru	91,762,689,964	100%
liotes.ctp	540,724,188	80%
liotes.leo	640,988,604	100%
curatingunicorn	6,968,231,618	70%
meesterleo	1,232,452,333	75%
rpren	505,488,034	50%
readthisplease	43,823,087,337	100%
hankanon	1,204,500,720	20%
borsengelaber	60,264,496,604	50%
jocieprosza.leo	4,587,550,671	100%
nopasaran72	1,530,051,385	25%
pishio	559,739,962,046	10%
trasto	2,785,544,063	25%
hazmat	3,744,437,602	100%
attentionneeded	1,605,852,348	20%
listnerds	83,463,808,628	20%
hiro.guita	167,334,833	30%
vaynard86	4,292,283,727	14%
netvalar	4,237,067,118	50%
fredhill	5,354,433,469	50%
gamefi-turkiye	5,761,904,896	100%

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