BTC
$96,340.33
+
1.29%ETH
$1,842.30
+
1.10%USDT
$1.0003
+
0.00%XRP
$2.2423
-
0.15%BNB
$604.78
+
0.58%SOL
$152.12
+
2.91%USDC
$1.0001
+
0.01%DOGE
$0.1792
+
1.46%ADA
$0.7082
+
0.77%TRX
$0.2491
+
1.50%SUI
$3.6993
+
2.11%LINK
$15.01
+
2.22%AVAX
$21.55
-
1.07%XLM
$0.2795
-
0.86%LEO
$8.9763
-
0.79%SHIB
$0.0₄1359
+
0.76%HBAR
$0.1879
+
0.20%TON
$3.1908
-
2.41%BCH
$372.18
-
0.15%HYPE
$20.09
+
8.33%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Why Bitcoin’s Bear Market Hashrate Surge May Not Be Bullish
Hashrate and difficulty are both near all-time highs.
Listen or watch all the new CoinDesk podcast episodes wherever you want.
ABOUT
This episode is sponsored by Nexo.io, Circle and FTX US.
On today’s episode, NLW catches up on the bitcoin mining industry, and why soaring hashrate and mining difficulty represent something very different in a bear market than they did during the bull.
See also: Bitcoin Miner Core Scientific's Shares Plummet After Bankruptcy Warning
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Yuichiro Chino/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
HOST
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
EPISODES
The EU Has Now Become the Global Crypto Regulatory Leader
The just-passed legislation puts the European Union in a leadership position.
Apr 23, 2023
Hasta La Vista, U.S.! Crypto Companies Look Abroad
U.S. crypto leaders are heading offshore due to unclear rules and regulatory capture by the Securities and Exchange C...
Apr 22, 2023
A Landmark Moment for Crypto in Europe as MiCA Passes
The Markets in Crypto Assets bill is the first major global comprehensive crypto legislation.
Apr 22, 2023
The Case for U.S. Stablecoin Regulation
For the second straight day, the House Financial Services Committee held a hearing on crypto-related issues.
Apr 20, 2023
COINDESK SERIES
0 EPISODE
The Mining Pod
Feb 10, 2025
1158 EPISODES
CoinDesk Podcast Network
The top stories and best shows in the blockchain world, delivered daily from the team at CoinDesk.
Dec 20, 2023
1318 EPISODES
Markets Daily Crypto Roundup
Tune in as CoinDesk runs down daily action in bitcoin markets and some of the most important recent industry development.
Dec 19, 2023
0 EPISODE
Unchained
Unchained, your no hype resource for all things crypto by former Forbes senior editor Laura Shin, author of The Cryptopians.
Dec 18, 2023