🚀Bitcoin on the Verge of a Bull Run? CryptoQuant Predicts Major Rally as Hashprice Hits Record Low!🚀

Bitcoin's hashprice has recently dropped to historic lows, signaling an interesting potential shift in the market. According to CryptoQuant, this could be a strong indicator for an upcoming rally. 📈

When hashprice—the revenue miners earn per unit of hashing power—hits rock bottom, it often pressures inefficient miners out, reducing network difficulty. This can lead to a consolidation among stronger miners and set the stage for a potential price surge! ⚡

🔍 Key Takeaways:

Market Clean-Up: Lower hashprice can push out weaker miners, streamlining the network.

Reduced Difficulty: Easier mining conditions can encourage more participation, stabilizing the network.

Potential Rally: Historical data suggests that such lows often precede significant price increases.

Are you ready to ride the next wave? 🌊 Let’s see how this plays out in the coming weeks!

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🚨🚀 How is hashprice calculated in Bitcoin?

Hashprice is calculated as follows: (Total Hashrate in PH/s) / (Amount of Bitcoins mined each day + Transaction fees) x (Bitcoin Price in USD)

It allows us to calculate dollars divided by PH/s ($/PH/s).

Its opposite is the hashcost, which shows how much money is needed to generate one PH/s. It is stated in terms of how well an organization's ASIC fleet performs and how much power costs.

Hashcost is calculated as follows: (Average mining fleet efficiency in J/TH) x (cost of power in $/MWh) x (24 hours)

Additionally, dimensional analysis provides us with dollars split by PH/s ($/PH/s).

In conclusion, for hashcost to be lucrative, it must be less than hashprice.
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