BTC mining hash rate at ATH

In this kind of bearish climate, having the BTC mining hash rate and difficulty hit an all time high is not actually good news.

As profitability has dropped for small and medium sized miners, this development can only mean that some big boys have flipped the switch on some serious hardware and will thus slowly drive the small players out of the market.

It is somewhat ironic that a decentralised cryptocurrency like BTC has become increasingly centralised with a few big mining operators.

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