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June 07, 2018, 06:23:41 PM
Merited by JayJuanGee (1)

Hashrate vs Price all time (log scale):





Interesting. Log scale shows an almost inverse correlation between hash rate and price.  I wonder if this holds true for more than just the past year (didn't realize graph was all time  Cheesy). Did price dip with that big increase in hashpower recently?

Of course correlation =/= causation.

I am seeing a feedback loop. The price spikes lead to investment in mining gear and the resulting increase in hash power leads to the next spike in price which fuels the next round of investment in mining gear, etc., etc.