BITCOIN is the One and only "Proof-of-Work" Crypto-GOD...
...according to the miners.
111,000,000,000,000,000,000 hashes per second.
Yes, it seems that the majority of Miners are nowadays betting on BITCOIN and abandoning at the same time other major altcoins.
In addition to the recent All-time-high that BITCOIN has recently achieved in terms of Hashrate, it is necessary to emphasize that none of the major alternatives to BITCOIN is following behind.
Ethereum and Litecoin Hashrate are collapsing dramatically
The case of ETHEREUM may obviously be related with its Proof of Stake transformation (Calisto) which for sure is affecting the decision on the miners but we can see the very same behavior in other major altcoins as LITECOIN or DOGECOIN for instance, also a Proof of Work algorithm as BITCOIN:
BCH and BSV
are... ...also struggling in front of BITCOIN but showing a downtrend in Hashrate level lately
Privacy Coins
Only the considered "privacy" altcoins seem to withstand the push of BITCOIN, maintaining the level of hashrate or improving it as in the case of MONERO which has had an espectacular increase as well.
BITCOIN halving, planned for next year, can be one of the reasons why BITCOIN supremacy is increasing but I think as well that similar COINS do not have a real reason to exist if they are not providing better solutions than BTC itself.
Apparently, only PoS blockchains and the so-called "privacy" Coins seem to survive to the evolution of this technology.
(Data obtained from https://bitinfocharts.com)
Posted via Steemleo | A Decentralized Community for Investors
