Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I thought it was Dagenham that was eating the humble pie ? Lol I hope MNS has some powder dry looks like Monday could be explosive. Great shout.
and that's my last comment on this ! x;)
The mining pools distribute it fairly too so this will benefit anyone that mines and keeps that Hashrate rising.
Lets enjoy this whilst it lasts and hopefully get a good rally on the Miners Share prices.
Most miners are part of a collective pool where rewards are distributed proportionately to correspond with the degree of hash they've contributed within that pool. ( Mara are slightly different from other miners in that they run their own pool.)
Luck does come into it in the short term, eg some pools will have a particularly decent run - and we have these extreme examples at the moment - but over time it's essentially a democratic system where rather than luck, the more hash you contribute, the greater the reward.
Like these boys chances of a re-rerate.
Longish video, but does a good job in explaining a sell your HODL and get cheapest, longest trapped energy deal you can, whilst keeping HPC and AI data centre optionality on the table.
Understand their business model much better having invested the time watching.
https://www.youtube.com/watch?v=7LFZbBxlN78
Is this bullish for all miners, or are there big elements of luck involved with who lands the rewards?
Look at the fees column here
https://explorer.btc.com/btc/blocks
If you scroll back a bit you'll see how they suddenly jumped post halving because the runes protocol became live.
Fees were normally around .2 to .4 a block, so near 10% additional revenue on top of the new 3.125 reward would be fair to say - around 55% of pre halving revenue. However today we are seeing crazy fees far larger than the 3.125 reward, which few would have predicted.
I don't really understand how the fees work. CLSK, I know you're on top of this, realistically how much of the 50% drop in rewards could be made up for by fees? 10% i.e essentially a fall in revenue of 40% BTC being equal?
Hope mara can recover more next week .
Unexpected twist to see fees going this mental, what a gift to miners just when it was needed. More like a doubling than a halving at the moment!
I'm sure the fees will settle down over time, but even if temporarily sky high it has to help sentiment demonstrating how fees can more than make up for new lower block reward.
MNS - I humbly admit I was wrong on my call. BTC did not gain new all time highs (74+) before halving since we had our gentleman's bet. The second part of the bet - CLSK is over $16, and feels likely it will stay over 16 by close Monday, gives me something to hang on to, but fundamentally I haven't called this right so admit that I was wrong on this. I do hope we start moving again soon though, and hopefully your trade plan comes together - best of luck!
Mara finally mined a block - 19.6 BTC. They may have played a blinder with this Slipstream or whatever it is - need to re-read it to understand it. But will need a few more blocks to verify. Read in conjunction with red rag's link regarding the bidding war issue.
https://x.com/jimmysong/status/1781518918001078441?s=46&t=b5w5XhS1rL5_nwa_nVQ15g
https://mempool.space/mining/pool/marapool
Agreed. In expecting a bit of pop in price in the listed miners next week. The public markets didn’t really know what to expect at halving, but this is going to be the median fee level for a while yet, that’s good for all of them.
Lol and then Runes came swinging through the door x;)
This should flip the mining sentiment.
Mine bigger than yours Spitfire 44 haha
Good article - fascinating. A month or two if this would be incredible. Would really help debt ridden miners and boost the sector. If combined with BTC price going up and markets turning risk on we could have a perfect storm and exit opportunity.
Jimmy Song just published an article in X which is a good explainer on Runes.
Sounds like this will be a temporary bubble: https://x.com/jimmysong/status/1781518918001078441?s=46&t=b5w5XhS1rL5_nwa_nVQ15g
Runes ds, started at halving. Must be a backlog to work through.
Block reward + fees went from about $500k before halving to about $1.5 M !
Any idea why the BTC fees have exploded ?
Transactions have doubled and the Median fee has exploded from circa $8 a transaction to around $160 !!
Is this the Runes and degens taking over the blocks ?
Memepool showing 211,000 stuck waiting forever (a while ago they conveniently moved the loading view to the right so it isn't obvious how congested BTC is)
https://mempool.space/block/000000000000000000000e869028956d1e302f78cdd9071aaf3d363c3426ea91
KNOB !!!!
Mara finally get a small bit of luck with a unicorn 9 btc block. Safe to say nothing close to that will ever happen again.
Well halving on Sunday if you havn't sold your 1 share in Argo Spitfire44 you will lose your money PAL haha
I've been following Didi for a few months and enjoy his content especially his life lessons at the end of his videos.
I thought I'd share todays because he talks about BCH ;-)
https://youtu.be/Tbkv5_nEEzE?si=7ocJ7T2JtIiXXO2Y
He also shares a Bitcoin Life Regression Chart and an interesting chart showing historical BTC miner holding and how they have played the halvings.
On a related point, see this from Foundry: https://twitter.com/MartyBent/status/1780677459161313620