Miner capitulation ala 2018 is highly unlikely
Fears of a miner capitulation ala 2018, due to growing hashrate, are overestimated. The hashrate has grown at a predictable rate in 2022. There has already been a miner capitulation this summer, and there is no fork war.
Oct 25th 2022
*As of Oct 23 (both 2018 and 2022)
BTC production per TH in 2018 was highly unpredictable. This was mainly due to the very high hashrate growth. The hashrate increased close to 300% in 2018, while it has “only” increased 30 % so far this year.