Bitcoin just reached a record 156 million TH/s. Most hash power is coming from China, where energy is cheap, however most miners have to relocate from one area to the other due to the rainy season and their relocation started a few weeks ago. This now means that probably the relocation is complete and the hash rate is reaching very high levels.
The hash rate is directly correlated with interest in bitcoin itself and is intrinsically a vote of confidence in the coin itself when miners choose to mine it instead of using their equipment to mine any other alt coin.
The hash rate is directly correlated with interest in bitcoin itself and is intrinsically a vote of confidence in the coin itself when miners choose to mine it instead of using their equipment to mine any other alt coin.