Are Hash Rates Going Down For Mining?

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(Edited)

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I always find it interesting to read news headlines and everyone elses I guess you could call it blabbing because that's exactly what it is most of the time. About how bitcoin mining and other mining is being banned.

One would think because of all of these "bans" by countries like China, Iran and a slew of others that hash rates would be dropping along with price right?

This is why you look at stats and do your own research. Today I present to you the has rates of some of the top cryptocurrencies. You'll quickly see how this is a bunch of FUD again in an attempt to drive down markets yet again.

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These two screenshots are from Blockchain.com
Bitcoins Hashrate All Time
hash1.jpg

Bitcoins Hashrate Over the Last 180 days
hash2.jpg
As we can clearly see mining is not slowing down and these so called bans on mining are simply FUD

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But What about the next top coin being mined Ethereum?

Two screenshots taking from Coinwarz.com
Ethereum Hashrate All Time
eth1.jpg

Ethereum Hashrate Over the last Last 180 days
eth2.jpg

Sure it's down a little but not much. This is most likely a result of how hard the price crash was and that mining became less profitable. Many of these miners will switch to a new coin with a better price per hash to be earned if it holds for 12+ hours.

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We can see from these stats that mining is not slowing down because of these so called "bans" Instead it's a bunch of FUD again which hurts the markets and in turn triggers a few miners to start mining a different coin.

What are your thoughts?
Are you mining?

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9 comments
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I am not mining but it sure is interesting to see how the mining rates change. I am more interested in how the transaction rates on each block chain are fluctuating when the hash rates go down though.

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I believe PoW stays the same so more rewards to less miners if the pool wins solo you still get it.

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It's clear that bitcoin is attacked now. It was attacked all the time. But, it seems that this year decentralization is ruining the plans of those who want to rule the world by their restrictions and everything they do. Their FUD will not work with us. Crypto people are sure about their investments !

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I'm not a miner but it's still very interesting to see that kind of data. I think many had that feeling that this whole thing is pretty much a lot of FUD and nothing more but it's definitely good to back it up with actual data. Thanks for sharing

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