#比特币算力再创新高# In my impression, there were only two clear periods when Computing Power significantly fell: one was from mid-2014 to mid-2015 during the Bear Market, when the Mining cost price of Bitcoin was around 1600 RMB, and the coin price fell to a low of 900 RMB. The second period was the Bear Market that spanned 2018, where the Mining cost price is unclear, but the coin price fell from 20,000 USD to a low of 3,000 USD.

The reasoning here feels quite simple; the rise and fall of Computing Power reflects the mindset of miners. Previous declines occurred when Bitcoin was still on the rise, and the coin price not only fell below the cost price but also shattered the faith of miners, leading to a decline in Computing Power.
The subsequent bull markets have made it clear to everyone that Bitcoin will rise in the long run! Therefore, rational miners have chosen to hold coins as the most stable investment method. For us, the safest way is also to make regular investments in Bitcoin. If we want to pursue higher returns, we can take out a portion of our coins to stake and mine.