{"id":411713,"date":"2020-01-20T18:00:35","date_gmt":"2020-01-20T18:00:35","guid":{"rendered":"https:\/\/ktsl888.com\/?p=411713"},"modified":"2024-06-11T13:40:47","modified_gmt":"2024-06-11T13:40:47","slug":"as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/","title":{"rendered":"Bitcoin&#8217;s Booming Hash Rate Is Really Bullish for the Market: Here&#8217;s Why"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Bitcoin energy value \u2014 which seemingly correlates with the coin\u2019s price \u2014 and Bitcoin\u2019s hash rate have just hit all-time highs (ATH), showing that the ecosystem is stronger and more valuable than ever.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Determining Bitcoin&#8217;s Fair Value<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">In December, Charles Edwards and the team at investment firm Capriole Investments (@caprioleio) <a href=\"https:\/\/medium.com\/capriole\/bitcoin-value-energy-equivalence-6d00d1baa34a\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span class=\"s2\">detailed the Bitcoin energy value equivalence.<\/span><\/a> This highlighted the metric&#8217;s seeming correlation with Bitcoin\u2019s trading price and volume.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The basic premise is that energy, raw Joules alone, can be used to estimate <a href=\"https:\/\/ktsl888.com\/2020\/01\/18\/research-firm-3-use-cases-send-bitcoin-1-trillion\/\"><span class=\"s2\">Bitcoin&#8217;s fair value<\/span><\/a>; meaning increased energy input increases the fair value of a Bitcoin.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">According to this model, each coin had a fair value of approximately $11,500 on December 12 \u2014 50% higher than the current trading price at that time.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Price and Energy Value: Like Magnets<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">According to Edwards, Bitcoin\u2019s price and energy value trend towards each other like magnets. And while deviations between the two can and do exist, they have always closed with time.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Despite being mathematically independent to Bitcoin&#8217;s trading price and volume, energy value is &#8220;connected by the invisible hand of the market,&#8221; says Edwards.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">As per the graph below, the connection is undeniable. Also note that the plunge in energy value in 2013\/14 was largely driven by the transition from GPU\/FPGA to ASIC hardware. <\/span><\/p>\n<figure id=\"attachment_411714\" aria-describedby=\"caption-attachment-411714\" style=\"width: 617px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-411714 \" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/1_oWYviaXWqvnU9PNM42UaVA.png?resize=617%2C306\" alt=\"Bitcoin, value, energy\" width=\"617\" height=\"306\"><figcaption id=\"caption-attachment-411714\" class=\"wp-caption-text\">Bitcoin&#8217;s Energy Value: The Intrinsic Value of Bitcoin in Joules (Source: Capriole Investments).<\/figcaption><\/figure>\n<p class=\"p1\"><span class=\"s1\">By considering energy and supply growth, Edwards found an intrinsic link between <a href=\"https:\/\/ktsl888.com\/2020\/01\/20\/reliable-indicator-shows-bitcoin-rally-reached-its-top-at-9200-brutal-correction-likely-to-ensue\/\"><span class=\"s2\">Bitcoin&#8217;s price<\/span><\/a> and its value.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Major takeaways of the energy value formula include:<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">&#8211; The health of the mining network is intrinsically linked to the coin&#8217;s value.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">&#8211; Increases in electrical energy input will increase the fundamental value of the coin (and vice versa for decreases).<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Hashrate Skyrockets<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Edwards also reiterated the fact that higher hash rates (with unchanged energy efficiency) mean each BTC is worth more.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">This power required to fuel Bitcoin mining is driven by two parts, the hash rate to solve the SHA-256 algorithm and the energy efficiency of the mining hardware itself. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In its early years, the leading cryptocurrency was mined on electrically inefficient CPUs and GPUs. <\/span><span class=\"s1\">But current-era ASICs have energy efficiencies tens of thousands of times greater than the average mining hardware use in 2009. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">This means that a higher relative portion of the average miner\u2019s electrical bill today is efficiently converted into hashing power.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">As of January 18, the <a href=\"https:\/\/ktsl888.com\/2020\/01\/19\/bitcoin-hash-rate-hit-a-new-ath-and-its-crucial-leading-up-to-halving\/\"><span class=\"s2\">BTC hash rate hit a new ATH<\/span><\/a> of 126.13 EH\/s, or 126 quintillion hashes per second. To put this in perspective, when the leading cryptocurrency saw its ATH in December 2017, hash rate was 13 EH\/s.<\/span><\/p>\n<figure id=\"attachment_411716\" aria-describedby=\"caption-attachment-411716\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-411716 size-medium\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/EOjOot5XUAIszJi-1.jpeg?resize=460%2C383\" alt=\"Bitcoin, Hashrate\" width=\"460\" height=\"383\"><figcaption id=\"caption-attachment-411716\" class=\"wp-caption-text\">Bitcoin Hashrate (Source: @hodlonaut)<\/figcaption><\/figure>\n<pre class=\"p1\">Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin energy value \u2014 which seemingly correlates with the coin\u2019s price \u2014 and Bitcoin\u2019s hash rate have just hit all-time highs (ATH), showing that the ecosystem is stronger and more valuable than ever. Determining Bitcoin&#8217;s Fair Value In December, Charles Edwards and the team at investment firm Capriole Investments (@caprioleio) detailed the Bitcoin energy value equivalence. This highlighted the metric&#8217;s seeming correlation with Bitcoin\u2019s trading price and volume. The basic premise is that energy, raw Joules alone, can be used to estimate Bitcoin&#8217;s fair value; meaning increased energy input increases the fair value of a Bitcoin. According to this model, each coin had a fair value of approximately $11,500 on December 12 \u2014 50% higher than the current trading price at that time. Price and Energy Value: Like Magnets According to Edwards, Bitcoin\u2019s price and energy value trend towards each other like magnets. And while deviations between the two can and do exist, they have always closed with time.\u00a0 Despite being mathematically independent to Bitcoin&#8217;s trading price and volume, energy value is &#8220;connected by the invisible hand of the market,&#8221; says Edwards. As per the graph below, the connection is undeniable. Also note that the plunge in energy value in 2013\/14 was largely driven by the transition from GPU\/FPGA to ASIC hardware. By considering energy and supply growth, Edwards found an intrinsic link between Bitcoin&#8217;s price and its value. Major takeaways of the energy value formula include: &#8211; The health of the mining network is intrinsically linked to the coin&#8217;s value. &#8211; Increases in electrical energy input will increase the fundamental value of the coin (and vice versa for decreases). Hashrate Skyrockets Edwards also reiterated the fact that higher hash rates (with unchanged energy efficiency) mean each BTC is worth more. This power required to fuel Bitcoin mining is driven by two parts, the hash rate to solve the SHA-256 algorithm and the energy efficiency of the mining hardware itself. In its early years, the leading cryptocurrency was mined on electrically inefficient CPUs and GPUs. But current-era ASICs have energy efficiencies tens of thousands of times greater than the average mining hardware use in 2009. This means that a higher relative portion of the average miner\u2019s electrical bill today is efficiently converted into hashing power. As of January 18, the BTC hash rate hit a new ATH of 126.13 EH\/s, or 126 quintillion hashes per second. To put this in perspective, when the leading cryptocurrency saw its ATH in December 2017, hash rate was 13 EH\/s. Featured Image from Shutterstock<\/p>\n","protected":false},"author":521,"featured_media":409470,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,65184,15899,9632],"class_list":["post-411713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-fair-value","tag-hash-rate","tag-value"],"acf":[],"yoast_head":"\n<title>Bitcoin&#039;s Booming Hash Rate Is Really Bullish for the Market: Here&#039;s Why<\/title>\n<meta name=\"description\" content=\"Bitcoin energy value \u2014 which seemingly correlates with the coin\u2019s price \u2014 and Bitcoin\u2019s hash rate have just hit all-time highs (ATH), showing that the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin&#039;s Booming Hash Rate Is Really Bullish for the Market: Here&#039;s Why\" \/>\n<meta property=\"og:description\" content=\"Bitcoin energy value \u2014 which seemingly correlates with the coin\u2019s price \u2014 and Bitcoin\u2019s hash rate have just hit all-time highs (ATH), showing that the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-20T18:00:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:40:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Thomas Delahunty\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@tjdelahunty\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Thomas Delahunty\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/\"},\"author\":{\"name\":\"Thomas Delahunty\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/f53e7bcebabf1f60e361101a9581ccdf\"},\"headline\":\"Bitcoin&#8217;s Booming Hash Rate Is Really Bullish for the Market: Here&#8217;s Why\",\"datePublished\":\"2020-01-20T18:00:35+00:00\",\"dateModified\":\"2024-06-11T13:40:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/\"},\"wordCount\":463,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707\",\"keywords\":[\"bitcoin\",\"fair value\",\"hash rate\",\"Value\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/\",\"url\":\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/\",\"name\":\"Bitcoin's Booming Hash Rate Is Really Bullish for the Market: Here's Why\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707\",\"datePublished\":\"2020-01-20T18:00:35+00:00\",\"dateModified\":\"2024-06-11T13:40:47+00:00\",\"description\":\"Bitcoin energy value \u2014 which seemingly correlates with the coin\u2019s price \u2014 and Bitcoin\u2019s hash rate have just hit all-time highs (ATH), showing that the\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707\",\"width\":2560,\"height\":1707,\"caption\":\"bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin&#8217;s Booming Hash Rate Is Really Bullish for the Market: Here&#8217;s Why\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/f53e7bcebabf1f60e361101a9581ccdf\",\"name\":\"Thomas Delahunty\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c76bd9a7711314c0b5b5571e338aeb11?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c76bd9a7711314c0b5b5571e338aeb11?s=96&d=mm&r=g\",\"caption\":\"Thomas Delahunty\"},\"description\":\"I\u2019m Thomas J. Delahunty, born in Lancashire, England, but raised and currently residing in Columbus, Ohio where I attended The Ohio State University studying English and History. After writing in the Fintech and Forex spaces, I began to focus on blockchain and cryptocurrencies \u2014 Bitcoin in particular \u2014 in 2016. Aside from being part of NewsBTC\u2019s journalism team, I am a writer and analyst for Ohio State\u2019s Risk Institute at the Fisher College of Business, and run operations for two local, independent online businesses.\",\"sameAs\":[\"https:\/\/x.com\/tjdelahunty\"],\"url\":\"https:\/\/ktsl888.com\/author\/thomasdelahunty\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin's Booming Hash Rate Is Really Bullish for the Market: Here's Why","description":"Bitcoin energy value \u2014 which seemingly correlates with the coin\u2019s price \u2014 and Bitcoin\u2019s hash rate have just hit all-time highs (ATH), showing that the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin's Booming Hash Rate Is Really Bullish for the Market: Here's Why","og_description":"Bitcoin energy value \u2014 which seemingly correlates with the coin\u2019s price \u2014 and Bitcoin\u2019s hash rate have just hit all-time highs (ATH), showing that the","og_url":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-01-20T18:00:35+00:00","article_modified_time":"2024-06-11T13:40:47+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707","type":"image\/jpeg"}],"author":"Thomas Delahunty","twitter_card":"summary_large_image","twitter_creator":"@tjdelahunty","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Thomas Delahunty","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/"},"author":{"name":"Thomas Delahunty","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/f53e7bcebabf1f60e361101a9581ccdf"},"headline":"Bitcoin&#8217;s Booming Hash Rate Is Really Bullish for the Market: Here&#8217;s Why","datePublished":"2020-01-20T18:00:35+00:00","dateModified":"2024-06-11T13:40:47+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/"},"wordCount":463,"commentCount":0,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707","keywords":["bitcoin","fair value","hash rate","Value"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/","url":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/","name":"Bitcoin's Booming Hash Rate Is Really Bullish for the Market: Here's Why","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707","datePublished":"2020-01-20T18:00:35+00:00","dateModified":"2024-06-11T13:40:47+00:00","description":"Bitcoin energy value \u2014 which seemingly correlates with the coin\u2019s price \u2014 and Bitcoin\u2019s hash rate have just hit all-time highs (ATH), showing that the","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707","width":2560,"height":1707,"caption":"bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin&#8217;s Booming Hash Rate Is Really Bullish for the Market: Here&#8217;s Why"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/f53e7bcebabf1f60e361101a9581ccdf","name":"Thomas Delahunty","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c76bd9a7711314c0b5b5571e338aeb11?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c76bd9a7711314c0b5b5571e338aeb11?s=96&d=mm&r=g","caption":"Thomas Delahunty"},"description":"I\u2019m Thomas J. Delahunty, born in Lancashire, England, but raised and currently residing in Columbus, Ohio where I attended The Ohio State University studying English and History. After writing in the Fintech and Forex spaces, I began to focus on blockchain and cryptocurrencies \u2014 Bitcoin in particular \u2014 in 2016. Aside from being part of NewsBTC\u2019s journalism team, I am a writer and analyst for Ohio State\u2019s Risk Institute at the Fisher College of Business, and run operations for two local, independent online businesses.","sameAs":["https:\/\/x.com\/tjdelahunty"],"url":"https:\/\/ktsl888.com\/author\/thomasdelahunty\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin&#8217;s Booming Hash Rate Is Really Bullish for the Market: Here&#8217;s Why","url":"http:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Thomas Delahunty"}],"creator":["Thomas Delahunty"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","fair value","hash rate","value"],"dateCreated":"2020-01-20T18:00:35Z","datePublished":"2020-01-20T18:00:35Z","dateModified":"2024-06-11T13:40:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin&#8217;s Booming Hash Rate Is Really Bullish for the Market: Here&#8217;s Why\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/as-bitcoins-energy-value-and-hash-rate-increase-so-does-the-coins-value\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/shutterstock_439485319-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Thomas Delahunty\"}],\"creator\":[\"Thomas Delahunty\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"fair value\",\"hash rate\",\"value\"],\"dateCreated\":\"2020-01-20T18:00:35Z\",\"datePublished\":\"2020-01-20T18:00:35Z\",\"dateModified\":\"2024-06-11T13:40:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/shutterstock_439485319-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/411713"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/521"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=411713"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/411713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/409470"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=411713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=411713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=411713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}