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HC - i'd agree on that. Lot's of credit must go to Jim in the finance seat i think. Overall, they kept the ship sailing which is about all that could be hoped for during the bear. I'm interested to hear from Mr Chippas to see if he gives any indication on future strategy though.
Rewards starting to climb again. I’m not seeing a big uptick in hash yet but I also might not be looking at the figures correctly. Block average is now getting longer.
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.
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
On a related point, see this from Foundry: https://twitter.com/MartyBent/status/1780677459161313620
Hmmm - when are the chartists ever right? Again, not saying things look rosy but there is zero point in taking a single view from some Plan B, self-aggrandizing, tarot card reading 'genius'.
Not sure if this has been posted before, but short 30min documentary around Helios and the local area is here: https://www.youtube.com/watch?v=pGUj6jV1UOc
It's called Galaxy's facility obviously, not hugely informative on mining economics etc and mainly about Dickens County, but it's a useful reminder that amongst all the money chasing, there are real folks hopefully benefitting from new industry. A good weekend to you all!
30p
WTF you talking about? I'm not saying they are in a useful position by any means, but that is just nonsense. I really don't know why i'm bothering to reply, but you have successfully wound me up it appears.....you are going in the filtered pile.
Erm, wen moon? Until we see higher on chain fees and higher block rewards as a result, i can't see anything moving significantly here. I'm actually surprised we are not seeing a lift yet. Anyone got any thoughts as to why?
Could explain some of the sell-off across miners today: https://www.coindesk.com/policy/2024/03/11/us-president-again-proposes-crypto-mining-tax-wash-sale-rule-for-digital-assets-in-new-budget/?utm_source=twitter&utm_term=organic&utm_content=editorial&utm_medium=social&utm_campaign=coindesk_main
$2.4B shorts to liquidate to get past 70k with authority. Expect big wicks.
New ATH - before the halving. Not since first epoch.....
Kind of amusing watching it just tweezer top at 69k.....
There are some folks on Bitcoin Twitter that are very experienced in mining cycles who are looking at the price action with incredulity (for what it's worth). All comments relating to MSTR being the preferred play seem fairly on the money to me.
Agreed.
TBH - i'm not really thinking too much about the next couple of weeks. I think things will really warm up going into Q3 end and then into the first couple of weeks in April.
Next Fed funds rate decision is March 20th and i'm hoping for an indication if June is still likely the timing of the first rate cut.
It's frustrating price action no doubt, but looking at the tickers all day won't change things.
Hasn't there been a legal challenge to that survey? https://news.bitcoin.com/legal-action-forces-us-energy-department-to-suspend-crypto-mining-investigation/
For a simple yet effective view of markets/macro, i use this: https://tradingeconomics.com/
It's no frills but I don't really need much more. Also, I like macro indicators and it's got a plenty of that.
Agreed. I'm not sure allocating any hash to it is worth it.
Argo website was recently tweaked a bit and it states that they still mine ZCash on the homepage