Despite some people freaking out, the hashrate has actually increased pretty significantly in the last week. It's now at about 100 EH/s while about 5 days ago it was at ~93 EH/s. The hydro season is starting in China and electricity/hosting is getting cheaper
Conversation
Replying to
Seems like an odd point--"don't freak out, hashrate is now higher than it was at some other point when it was really low recently".
1) why is lower hashrate bad? Could that just be the obvious implication of the halving?
2) the only reason it can be up now is because it was down
2
1
5
Sam, lower hashrate is bad because it implies that the network is less secure.
1
idk if your view is "the halving was bad for BTC because it became less secure, BTC should be net down on the halving, oh look it was, man we should create a blockchain that doesn't halve", then sure! But you can't celebrate the halving and also think it's bad.