I always find it interesting to read news headlines and everyone elses I guess you could call it blabbing because that's exactly what it is most of the time. About how bitcoin mining and other mining is being banned.
One would think because of all of these "bans" by countries like China, Iran and a slew of others that hash rates would be dropping along with price right?
This is why you look at stats and do your own research. Today I present to you the has rates of some of the top cryptocurrencies. You'll quickly see how this is a bunch of FUD again in an attempt to drive down markets yet again.
These two screenshots are from Blockchain.com
Bitcoins Hashrate All Time
Bitcoins Hashrate Over the Last 180 days
As we can clearly see mining is not slowing down and these so called bans on mining are simply FUD
But What about the next top coin being mined Ethereum?
Two screenshots taking from Coinwarz.com
Ethereum Hashrate All Time
Ethereum Hashrate Over the last Last 180 days
Sure it's down a little but not much. This is most likely a result of how hard the price crash was and that mining became less profitable. Many of these miners will switch to a new coin with a better price per hash to be earned if it holds for 12+ hours.
We can see from these stats that mining is not slowing down because of these so called "bans" Instead it's a bunch of FUD again which hurts the markets and in turn triggers a few miners to start mining a different coin.
What are your thoughts?
Are you mining?