What is Hashrate and Why Does it Matter?
What is Hashrate and Why Does it Matter?
As one of the public opinion indicators on the chain, the index of computing power can reflect the emotions of the miner group.
Changes in prices will directly affect the computing power, which in turn may amplify price fluctuations. Because the rise in currency prices will increase the profits of miners, which means that the amount of money mined by miners has not changed, but the price of fiat currencies has risen. So high profits will also attract more people to enter the industry, directly improving the computing power of the entire network. When the price dropped sharply, and fell to a certain level, many mining unions shut down and sold off.
Using the Tokenview block explorer to get the daily average computing power and trend of all mainstream currencies. Click the link: https://tokenview.io/en/charts to find the average daily average hashrate of the currency you need. For example Bitcoin hashrate.
