GM Brew Crew, Brewski had quite a weekend at the state fair and ended up tossing a serious chunk of our advertising budget onto a game card…so if our growth chart takes a slight breather - we can thank the seven life-sized stuffed bears next to us….🙄

Hope you indulged as well (At least get a stuffed bull, Brewski!)

Let’s dive in ⬇️

On the menu today:

• 👀 BITCOIN HASHRATE IS GOING UP

• 😱 ROBINHOOD IS 3RD LARGEST BITCOIN HOLDER

• 🇭🇰 CRYPTO EXCHANGE GOES LIVE IN HONG KONG

Today’s Charts:

👀 BITCOIN HASH RATE IS GOING UP

The revenue generated from Bitcoin mining per terahash (TH/s) is approaching its lowest levels ever recorded, while the hash rate of the Bitcoin network has surged to new highs.

Crypto Brew google translate coming in hot: 🤓

• Terahashes per second (TH/s) ➡️ measurement unit to gauge the speed of data processing capabilities (trillion hashes computed within one second)

• Hash ➡️ quantifies processing capacity - more hashes, the higher the computing power at hand, the more Bitcoin earned (or mined)

The hash rate of the Bitcoin network, which indicates its computational power and security, reached 414 exahashes per second (EH/s) on August 18.

As hash rate is going up, it’s becoming more difficult to mine Bitcoin and generate revenue. The more computational power = the more miners = the more competition to earn Bitcoin.

Picture Bitcoin mining as the lottery ticket system. The more power or hashes you provide to the network, the more “tickets” you get for the lottery, the higher your chance at winning, or earning Bitcoin.

😱 ROBINHOOD IS 3RD LARGEST BITCOIN HOLDER