5 ms·

Nonsense, if it costs you $5000 to mine a bitcoin and the price is $1000 then you have no reason to mine it and the hashpower would lower.

• jki275 8y ago
  From a naïve perspective of only mining for profit that's sort of true. Lots of people mine for other reasons.
  • sblom 8y ago
    Still probably not related to amount of transactions.
    • jki275 8y ago
      True, since the number of transactions is unrelated to the hashrate of the network.