Today, there is a report suggesting a sharp and sudden drop in Bitcoin mining hashrate. The report is indeed true, but it has been disseminated with a clear excess of sensationalism.
In fact, upon closer analysis, it is revealed that this is not an abnormal decline, but rather an entirely physiological drop.
To understand this dynamic, however, it is necessary to start with an important clarification.
Hashrate and Bitcoin Price
Many people believe that the market value of a BTC depends on its “production” cost (although it would be more accurate to use the term mining).
In reality, this is false for two reasons.
The first is that, in reality, the exact opposite is true. It is not the selling price that depends on the extraction cost, but the extraction cost that is adjusted based on the market value.
The cost of mining a BTC is not only not fixed, and not set in any way, but depends solely and exclusively on the arbitrary choices of the miners.
Miners decide ho
We współpracy z: https://en.cryptonomist.ch/2025/12/15/bitcoin-sharp-and-sudden-drop-in-hashrate/
