Poobably has something to do with Bitmain and its March update. Mara cannot run its firmware on Bitmain machines, further news to come.....
https://twitter.com/MarathonDH/status/1779968182482284937
Only another 116 years of BTC mining to go. This 10% remaining to be mined will more than likely be minted at far more value than the original 90% currently.
Were we all too early x;)
GLA could be a proper FUD week. Zoom out, enjoy life and win x
Beginning to see a lot of fear around Mara atm. Even solid Mara pigs having a wobble.
Hopefully we hit peak fear soon, a week away form the halving, this mara reversal will surely follow. Hopefully will get a few more of these before next Friday.
GLA
Added MARA at 17.97 got the patience and more importantly the conviction. Added around 100 million to its hodl over this BTC rise and we are red must be atm day.
most of the miners are going to need far higher btc prices than this, Argo for instance will need 140k BTC in May to square the revenue it made in the month of March. Some time this year BTC is going to prices way above where we are now, will BTC make the run before miners go kaput or after? but sooner or later there is a price that triggers the miners. Could be 80 could be 100 could be 200 but its not going to be kept down and beat up forever. There is a price that will send it. and all these buys at 17.97 and various other higher prices and lower that Ive bought at are all early pre ordained wins.
Just have to keep the faith.
GLA
Tbf looking at the cash flow from last update i dont think they have diluted much in the last month plus they sold 440 BTC last month to pay bills, glad they selling btc at these levels too. Moving 9500 miners to another site and taking over the APLD sites should hopefully ease the issues mara are facing in getting MW online and staying online also HUT have disclosed transformer problems as well.
The big race for MW has begun, now this AI beginning to take off and Data centers are in demand from all and sundry. It's going to be a big problem for the miners that want to expand and the MW purchase price will keep rising.
Kind of embarrassing that it takes 5 days for Argo to put that together, the risk disclaimer was bigger than their update in the RNS. If global hash doesnt fall off, like a lot of miners expected, i think the end is nigh pretty quick for mobs like ARGO.
They will be well above 60k costs per BTC mined after the halving and with bills to pay.... the sums just dont add up.
Marapool, a Bitcoin mining pool, has recently mined several blocks that exceed 3 megabytes (MB) in size. Here are some key points to consider:
Block Size and Transactions:
Bitcoin blocks contain transactions, and their size determines how many transactions can be included in a single block.
Larger blocks can accommodate more transactions, potentially improving network scalability and reducing congestion.
Historical Context:
Traditionally, Bitcoin blocks had a maximum size limit of 1 megabyte (MB).
This limit was implemented to ensure network stability and prevent malicious actors from spamming the blockchain with large blocks.
However, as Bitcoin adoption grew, debates arose regarding the need to increase the block size to handle higher transaction volumes.
In 2017, a contentious debate led to the creation of Bitcoin Cash (BCH), a fork of Bitcoin that increased the block size to 8 MB.
Bitcoin itself did not adopt such a significant increase but implemented Segregated Witness (SegWit), a soft fork that allowed more transactions to fit within the 1 MB block limit by optimizing transaction data.
Despite these developments, some still advocate for larger block sizes to enhance scalability.
Marapool’s Blocks:
Marapool’s recent mining behavior, with blocks exceeding 3 MB, indicates a departure from the traditional 1 MB limit.
It suggests that Marapool is actively participating in the ongoing discussion about block size and scalability.
Larger blocks can accommodate more transactions, potentially reducing transaction fees and improving overall network efficiency.
However, it’s essential to monitor the impact of larger blocks on network performance and decentralization.
Community Perspectives:
The Bitcoin community remains divided on the issue of block size.
Some argue that larger blocks are necessary for scalability, while others emphasize the importance of maintaining decentralization and security.
Marapool’s actions contribute to this ongoing debate and highlight the need for thoughtful solutions that balance scalability, security, and decentralization.
In summary, Marapool’s mining of larger blocks reflects the ongoing evolution of Bitcoin’s scalability solutions and invites further discussion within the crypto community. 🚀
Think about Ross Ulbricht every now and then, hope his time get's reduced. Definitely did not deserve that tariff.
https://art4giving.org/
Is helios actually at 200mw now? i know their latest update mention expansions to 4.5 eh or 5.4 eh on S19 pros? thats about 160 mw.
Galaxy have been slow on Helios and no other build out of MW on site? Kudos to Galaxy for doing the pool and the nice slap about keeping promises. The woman in the video made me laugh 'That defunct pool has been representing what's been happening in this rotten town'
Sounds like Galaxy want good relations, which looks like they gonna dig (with shovels x;)) and build.
As long as Mara dont do a CLSK and announce another ATM right after its completion. They can issue 500 million shares. A lot of these miners seem hell bent on issuing the authorised count.
Good day yday for IREN in a sea of red for the miners. The end of the raise for iren definitely gave shareholders an accretive day x;) other miners take not plz.
I'd chill Ian, you have to find a way to zoom out ro youre going to keep flipping your investments, we haven't hit the halving yet or the actual bull cycle.
70k BTC or 66k this morning and 22 bucks mara isnt that harsh when you bear in mind the MCAP is still over 6 billion. Dilution is why we are at 22 per share.
Mara has so many things going on now that the market has no way to value it, im reckoning another 6 months and mara will be in a place where we are all happy and satisfied but no way am i getting flustered yet.
Mara next share count will be interesting, they pretty much have double what the best miners have but they dont have double the share count and CLSK and RIOT have a lot of catching up to do.
Swans, to a layman like me it looks pretty clear cut, im sure the lawyers are far more detailed and convoluted... but im sure you can have as many pre scheduled sales as you like but if its within a timeframe of insiders being aware of material non public information then the rules have been breached. Im sure if the sp goes lower people will look harder at this.
Mara went from 34 to 17 odd on its ATM announcement then the subsequent drop and CLSK hit 24 ish in ithat great cycle it had, if it does get beat up and go to 10 12 bucks could be a great time to buy in for me. We will see!
ClskBull Prager could be the biggest WULF of all he sold MARA Hardin x;) he knows a thing or two about a thing or two i reckon. Im probably wrong but I went with Migi instead, waiting for that to pump.... as that could easily go to a 100 million mcap imo.
Lol apart from CLSK all the miners look poised for a pump.
GL
Swans I reckon they will get some form of SEC scrutiny on this or even some lawsuits , this part of 10b5-1 Insiders can buy or sell company stock as long as they adopt their trading plans in good faith before becoming aware of material nonpublic information2.
SEC Rule 10b5-1:
The Securities and Exchange Commission (SEC) has established Rule 10b5-1 under the Securities Exchange Act of 1934.
This rule provides an affirmative defense to insider trading liability under Section 10(b) and Rule 10b-5.
Insiders can buy or sell company stock as long as they adopt their trading plans in good faith before becoming aware of material nonpublic information2.
Recent amendments to Rule 10b5-1 aim to enhance investor protections against insider trading:
Cooling-off periods are required for persons other than issuers before trading can commence under a Rule 10b5-1 plan.
All persons entering into a Rule 10b5-1 plan must act in good faith with respect to the plan.
Directors and officers must include representations in their plans certifying that they are not aware of any material nonpublic information about the issuer or its securities.
The use of multiple overlapping trading plans is restricted, and reliance on the affirmative defense for a single-trade plan is limited to one per twelve-month period for all persons other than issuers.
Issuers are required to provide more comprehensive disclosure about their policies and procedures related to insider trading, including quarterly disclosure regarding the use of Rule 10b5-1 plans and other trading arrangements by directors and officers2.
Liability and Filing Requirements:
Liability for insider trading is generally based on Section 10 of the Securities Exchange Act of 1934 and Rule 10b-5, which prohibits manipulative and deceptive devices in connection with securities transactions3.
Anyone who becomes an insider must file SEC Form 3, the Initial Statement of Beneficial Ownership of Securities, within 10 days of assuming an insider role1.
IF we gonna go on 'useless' what about CLSK useless lies pumping the SP ?
Still in the presentation, they compare their sandbagged $/BTC against the "industry average".
The "industry average" from the Cantor report uses a low, but reasonable, 500 EH/s. For their own numbers, $CLSK uses 400 EH/s.
CLSK gave themselves a 20% boost and pumped the price all for the 800 million ATM and Fred's useless.
Do i get some popcorn or cornflakes xxx
https://twitter.com/penny_ether/status/1757105461956923512
Must have missed the part where he sold 2 tranches of shares 24 hours before a 800 million ATM.
Surely you should be worrying what CLSK are doing and not fading into MARA.
CLSK acted illegally with those share sales and its insider trading plain and simple but evil Fred evil mara.
Lol.
Https://www.datacenterdynamics.com/en/analysis/how-meta-redesigned-its-data-centers-for-the-ai-era/
Meta is building some amazing data centers with far more capacity and immersion obviously not showing them the results they desire.
The company has, however, settled on the fact that it won't use immersion cooling, at least for the foreseeable future. "We have investigated it," Duong said. "Is it something that is scalable and operationalized for our usage and our scale? Not at the moment.
"When you imagine the complications of immersion cooling for operations, it's a major challenge that we would have to overcome and solve for if we were ever to deploy anything like that at scale."