An intellectual attempt to estimate Bitcoin’s price, corrected according to the hash rate metric.
This is Part Four of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three — the rate of adoption, and Part Four — the hash rate and the estimated price of Bitcoin.Hash rate and the estimated price of BitcoinIn data mining, the term “hash rate” is a security metric. The greater the hashing power, the greater its safety and resistance to external attacks. It’s one thing for a hacker to attack your home computer, but it’s another when a hacker tries to attack tens of thousands of computers around the world at the same time. The hash rate growth is due to the ever-increasing computing power of mining servers, which also means increasing costs to mine Bitcoin (BTC). A si
Źródło: https://cointelegraph.com/news/forecasting-bitcoin-price-using-quantitative-models-part-4
