The surrender of Bitcoin miners is canceled

    Bitcoin mining

    The first cryptocurrency hash has recovered to a level of 111 EH / s, despite the decrease in the price of bitcoin to local minimum over the past six months.

    Recently, there have been more and more reports that miners are capitulating and can no longer work after Bitcoin's price drops to $ 7,000. But the network's power points to the opposite, on November 23 it rose almost to a record level of 114 EH / s.

    This may indicate that miners are confident in the subsequent increase in BTC prices and therefore do not turn off their ASICs, for fear of giving the market to competitors.

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