The theory: A high BTC exchange rate could help miners survive the major repercussions of a low exchange rate.

According to the analysis of Ambcrypto's August 19 article, on August 17, Bitcoin's 7-day moving average computing performance reached 128.65 EH / s, with a record Bitcoin above 12. $ 000. However, on August 18, flooding in China caused the hash rate to drop by nearly 10-20% and power outages occurred. In this regard, an article has appeared that after Bitcoin's halving in May, exchange rates have become a significant part of miners' income. Current exchange rates rose sharply, going from an average of $ 0.81 before halving to $ 2.31. With these high costs, miners can overcome the catastrophic event caused by a drop in the hash value.