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Re:$130B wiped off crypto markets in 24 hours by zarzavat on Monday January 24, 2022 @06:20PM (#30065538)
Mining profitability is subject to conditions besides the price of a Bitcoin, for example: energy prices, block reward changes, regulation, hardware availability and pricing, etc.

It's really not as simple as hash rate = price. It's more so that they are correlated in direction of change.

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