This is the price of $MARA divided by the price of
#bitcoin
going back to 2020. The only times Mara was this cheap priced in bitcoin was the bottom of the bear market and before the bull market in 2020. Screaming BUY!
Today the
#Empirebuilding
YouTube channel surpassed 10,000 subscribers for the first time. I just want to take this moment to thank everyone who has supported my efforts and watched and shared my content. I am very grateful to all of you.
The long standing FUD of China hashrate makes it easy to forget how much those miners have done to protect the bitcoin network this far. They should be honoured.
Suddenly Runes is
#bitcoin
mining stock investors favourite new word. Are these transaction fees sustainable? You better believe they are and the use cases for Runes will take years to play out. The halving for miners has been cancelled.
The
#BITCOIN
network is now publishing blocks faster than one every 10 minutes. Hash rate is stable just above 100 EH/s. Amazing to see the system respond to such extreme dynamics and still continue to function as intended.
I debated sharing this on X for obvious reasons but last week I bet the farm on $RIOT I was convinced the market had lost its mind considering its market cap. Keep in mind I’ve lost so much more than this over the last few months.
The hard truth about investing in
#BITCOIN
miners is that they don’t move how and when you think they should. Make you bed and sleep in it or
#FAFO
$mara $clsk
I’ve never been able to predict when mining stocks will behave the way they are now. It is enough to make you doubt everything you think you know. One thing is for sure. Anyone who manages to make life changing gains from these stocks deserves every penny.
Yesterday I was pleased to host a meeting between
@elonmusk
& the leading Bitcoin miners in North America. The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide.
By early 2023, $MARA's mining fleet will consist of c. 199,000
#bitcoin
miners producing c. 23.3. EH/s.
Upgrades to mining fleet come after a record purchase of S19 XPs from
@BITMAINtech
I actually agree with Peter on this. Referring to bitcoin as digital gold is just the lazy way of explaining bitcoin to a novice. Bitcoin is so much more than that. It has never existed before so it doesn’t trade like anything else an entirely new asset class.
#Bitcoin
rising as
#gold
falls doesn't mean its replaced gold as an
#inflation
hedge. Gold is down as traders mistakingly think the Fed will successfully fight off inflation by tapering QE and raising interest rates. Bitcoin doesn't trade like gold because it's not digital gold!
@thinklikeawhale
@Hut8Mining
Thank you for spreading the word. HUT 8 is an impressive mining operator. I am glad you all enjoyed seeing what all goes into these operations.
I don't think Elon fully understands the metrics of mining nor the benefits or the protocol. It is far less costly than the fiat system and is already almost primarily clean energy.
We just witnessed a mass liquidation event. Ignore the fake news. Too many people were degenerately long as
@woonomic
put it and big players could not resist. It is like setting up dominos in your living room and your older brother knocks them over. You were kind of asking for it
The
#EmergencyAct
vote in Canada's Parliament passed today so the government and banks will retain their new power to freeze protesters assets without court orders among other things. No mater which side of the issue you find yourself on, this is worrisome.
My last few videos have led to a bunch of people unsubscribing from the channel. It is not easy to go against the grain but 2022 is shaping up to be one of the most challenging times to be an investor. Manage your risk accordingly.
I've done my best to shed light on the $MARA SEC Subpoena. As usual there is a high probability that things are not what they seem at first glace so lets dig deeper.
@CynthiaMLummis
There is work to be done as crypto enters this milestone of adoption. Educating governments will be more difficult than educating individuals.
If we are going to start restricting energy use base on what some people consider to be wasteful. What are we to do with:
Christmas lights
Private jets
The military
The automobile
The government
Not understanding the value of
#bitcoin
doesn’t make it wasteful.
Bitcoin requires so much computing activity that it eats up more energy than entire countries. One of the easiest and least disruptive things we can do to fight the
#ClimateCrisis
is to crack down on environmentally wasteful cryptocurrencies.
So far total miner rewards have settled to pre halving levels with help of fees. It happened faster than I thought so let’s see how the next few weeks pan out. I still believe the real impact of runes is yet to come. New tools like this often lead to unexpected results.
Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine. It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere. Biden’s proposed 30% tax on cryptocurrency mining is a bad idea. 🧵
@bloodtopaz1
@brainlessppl
This is called a form failure. It happens when insufficient support or bracing is installed to hold the weight of wet concrete until it has time to harden. Essentially holding up a swimming pool. These systems require engineering.
Steady growth is nice to see and glad to see Mara back in line with bitcoin’s core tenets. Looking forward to seeing Mara signal for taproot readiness.
@fgthiel
Bacnet denies testing the NM440 as they claim it has been tested on the Numiner website (which by the way was launched two days ago along with the company itself)… scam
I had an engaging conversation with
@bigsuey
@Hut8Mining
are making all the right moves. A conversation with Sue Ennis - HUT 8 investor relations
Exciting development out of $ANY. Massive
#Bitcoin
miner purchase could send them to the front of the pack to be the largest bitcoin public bitcoin miner. Congratulations
@omnipotent32
Every now and then Peter let’s a gem of a tweet slip through. If
#Bitcoin
fails no other coin can succeed. Conversely if
#Bitcoin
continues to succeed then…
Bitcoin's market value relative to
#altcoins
is now 39.3%, its lowest since June of 2018. It appears poised to test its Jan. 2018 low of 32.8%. No crypto is truly scarce. As
#Bitcoin
sinks it will ultimately drag altcoins down with it. If Bitcoin fails no other coin can succeed!