"U.S. Bitcoin miners' combined hash rate increased 70% year-to-date versus 33% increase in network hash rate." On "The Mining Pod", Matthew Kimmell discusses the meteoric growth of hashrate in 2024 from U.S.-based public bitcoin miners. 📺 Watch: https://www.youtube.com/channel/UCZBo-pYEI9lyjxoojq_X8MA?sub_confirmation=1 🎧 Spotify: https://open.spotify.com/episode/2tMUtkri8pjzM9iCh44Ue0 🎧 Apple: https://podcasts.apple.com/us/podcast/the-mining-pod-us-miners-grow-market-share-maras/id1414384043
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Declining Hashrate: Why This Is Actually Bullish for Bitcoin 👀 When #Bitcoin miners start capitulating, it has historically been a signal of exhaustion, not structural failure. Miner capitulation occurs when less efficient miners are forced to shut down operations or sell reserves due to prolonged pressure on profitability. Periods of declining hash rate linked to miner stress have, roughly 65% of the time, been followed by higher Bitcoin prices within the next ~90 days. He also compares curren
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