19-03-2020 20:00 via newsbtc.com

Miner Capitulation: Hash Rate is Dropping Faster Than Bitcoin Price

Bitcoin is a unique asset unlike anything else in the financial world. Much of its value is derived from its underlying blockchain protocol, powered by miners through a process called proof-of-work.
However, the first-ever cryptocurrency’s hash rate is dropping faster than its price, indicating that the miners powering Bitcoin have begun to shut down their operations and are potentially leaving the market. But what exactly does this mean for Bitcoin’s future?
Bitcoin Miners Are Aband
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