Fundstrat: Bitcoin Hashrate Has Doubled, $7,300 Breakeven Mining Cost

Hashpower Doubles In Bear Market, Breakeven Cost Skyrockets Cryptocurrency investors have had a rough year, to say the least, with the collective value of all crypto assets declining by over 80% in the span of eight months. In spite of this violent sell-off, miners have still been upping their investment into this nascent asset class. As recently tweeted by Sam Doctor, Fundstrat Global Advisor’s quantitative¬†strategist and analyst, the hashrate (hashpower) of the Bitcoin network¬†has doubled since May, from ~28 quadrillion … Continue reading Fundstrat: Bitcoin Hashrate Has Doubled, $7,300 Breakeven Mining Cost