BTC hash rate is ATH(All Time High).

Bitcoin(BTC) hash rate is ATH(All Time High). It's been increasing since Bitcoin blockchain launched around 15 years ago. Compared to the previous ATH point which was in 2021, now, the hash rate is higher than before. But, the BTC price is lower. What does it mean? 🤔

Although the BTC price is lower, miners have been putting more and more computing power. If miners predict the future of BTC is bad, will they put computing power more?

The CPI(Consumer Price Index) has increased during the last 2 years, which means the electricity costs have increased. They should pay the costs more to find BTC blocks. That means the average mining costs have increased.

Imagine that you are miners. The BTC average mining costs have been increasing, and the 4th BTC halving is coming, which means the rewards of finding BTC blocks will be half. And, the difficulty of BTC mining is increasing. So, if you can't buy or invest more advanced mining equipments such as ASIC, you won't be hard to mine BTC.

So, it seems that the mining works will be hard for individuals or small-size miners. Nevertheless, miners put more computing power. Since they might think the future of BTC is promising, isn't it they put more computing power?

BTC hash rate is one of BTC onchain data. It's getting robust compared to 2021.