How does Hashrate affect price?

A cryptocurrency’s hash rate, also called hash power, is the measure of a cryptocurrency miner’s performance. The faster the hash rate, the more profit a cryptocurrency miner can make .11 Ağu 2021

The Bitcoin network recorded a new hash rate all-time high of 248.11 exahashes per second (EH/s) on Saturday, further securing the decentralized ecosystem through a growing network of global Bitcoin (BTC) miners.

The hash rate is an indicator of how healthy the Bitcoin network is at any given time, and is driven primarily by difficulty mining and the number of miners. Generally, a high hash rate is considered a good thing .

When the bitcoin price is high, more hashrate joins the network as less efficient miners can remain profitable due to fatter margins . As the price goes down, the margin thins and fewer miners can remain profitable.