1- Why #Bitcoin hash rate is pumping and achieving new ATH?
We know we are all in a bear market for 8 months, so what is the reason behind the Bitcoin hash rate?
🧵👇
2. When the Ethereum merge is completed on September 15, Ethereum will no longer require mining machines.
So what do miners do after Ethereum merges?
Is a billion-dollar mining farm being sold by a miner?
#EthereumMerge
3. No, miners don't sell mining farms, but they convert into different proof-of-work blockchains in which
#EthereumClassic #Monero #ravencoin
4- But as we all know, #Ethereum has too many dapps, which is why miners earn lots of gas money here. In other blockchains, there are no #dapps, so no gas money.
5- So miners have one option left; the world's leading cryptocurrency is also based on the proof of work concept.
6- So that's why Bitcoin hash rate is achieved again and again ATH because the hash rate is directly depend on miners.
If you want more deep so read this article.👇
medium.com/@defihumair/bi…
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