The Bitcoin (BTC) hashrate set a series of records this year, rising to as much as 20 times the levels of 2017. This created an unprecedented condition of relatively depressed, even bearish market prices, and highly competitive mining.
Software developer Matt Hammilton asks whether this is a healthy development for BTC.
https://twitter.com/HammerToe/status/1209057037495291904
There is no certainty when it comes to BTC, and the record pace of mining in 2019 will be viewed as good or bad only in hindsight. One of the reasons for the peak activity is the upcoming halving of the block...