As the Bitcoin price set a new annual record above $9,000, hash rate, which can be taken as a measure of how much interest there is in mining bitcoin, shot higher than ever before.
For Wednesday this week, bitcoin’s hash rate had reached 65.19 trillion hashes per second (Th/s) and hash rate constantly gained every day throughout this week.
“Hashrate (more often than not) leads price,” Keiser Report host and major Bitcoin bull, Max Keiser, wrote on Twitter in related comments Thursday.
“This is something not even (bitcoin’s) most ardent supporters understand. It’s the heart of the incentive scheme. It’s Satoshi’s ability to hack humans to create Gold 2.0.”
The number comfortably beats the previous record of 60 Th/s set in late September 2018, and continues the metric’s upward trend.