MemCast
MemCast / episode / insight
Mining hash power is a lagging indicator of price
  • The amount of hash power deployed follows price trends; lower Bitcoin prices make mining unprofitable, prompting equipment repurposing.
  • Consequently, hash‑rate changes signal past price moves rather than predict future direction.
  • Investors should treat mining capacity as a confirmation tool, not a leading signal.
BobbyBloomberg Television01:25:04

Supporting quotes

THE AMOUNT OF PEOPLE WHO ARE MINING BITCOIN DOES NOT LEAD TO THE PRICE BUT IS A LAGGING INDICATOR. Bobby
A LOWER PRICE WOULD CAUSE MORE MINERS TO BE UNPROFITABLE AND MAYBE REPURCHASE THEIR MACHINES TO DO SOMETHING ELSE WITH AI DATA CENTERS. Bobby

From this concept

Crypto Mining vs AI Energy Allocation

Rising AI demand tempts Bitcoin miners to repurpose energy, while mining hash power remains a lagging indicator of price movements.

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