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thedude

What happens to BTC when Hashrate > Miner's Revenue / Market Cap

Bitcoin / U.S. Dollar (BITSTAMP:BTCUSD)  
thedude  
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Can anyone venture a guess as to why this big downtrend started at the exact moment hash rate surpassed miners revenue / market cap if scaled separately on the left/right Y axis?

Comments

Jacques_
Really insightful !
Reply
blackbird307
That is interesting. I remember the price was due for an increase around the beginning of July, which it has consistently done in the past. But for some reason it didn't. Maybe because the demand wasn't high enough for a further price increase?
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