bitcoin hash rate jumps 30% - possible fork or price breakout imminent?steemCreated with Sketch.

in #bitcoin7 years ago (edited)

Over the past few days the bitcoin hash rate has jumped approximately 30%

This is often associated with a price breakout.

Another possibility is that a hard fork is imminent. Rumors are circulating that miners who are against BIP 148 are using their hash rate to influence the activation of Segwit2x. This was not supposed to start until the end of the month but perhaps they decided to begin a bit early.

As we all know the price of steem typically follows that of bitcoin. Make sure to pay close attention to this one guys!

What a time to be alive!

Source: https://www.cryptocoinsnews.com/bitcoin-price-breakout-imminent-hashrate-jumps-30/

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Thanks for that great info

Awesome news. Too bad I can't afford to buy bitcoin just yet.

Good information
Follow @dine77
Pls do check my last 2 blogs

jump not likely due to current market, hard fork? it would be bad and really bring the market down further

not necessarily. it could either go up or down based on how the fork plays out.

The drama in this space is almost like watching professional wrestling or a day time soap opera. The difference is it's our money on the line. Interesting article, but I guess the truth will be revealed in just a couple short weeks

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