Damus
Open in Damus
Alexander Hoff ❍ profile picture
Alexander Hoff ❍
@axhoff

Creating magic on machines

PGP: AF9B 0FA1 210B 851E FFE1 CB21 1DD5 E2FF DF28 E6A8

npub1rq2qfzp8un60f6vw88h0craqnqqpw5av39wjrmfaappv0ga7da7sa9nwx7npub
[email protected]nip05
[email protected]lnurl
Relays (12)
  • wss://relay.damus.io – read & write
  • wss://relay.primal.net – read & write
  • wss://nos.lol – read & write
  • wss://relay.mostr.pub – read & write
  • wss://nostr.wine – read & write
  • wss://nostrelites.org – read & write
  • wss://temp.iris.to – read & write
  • wss://nostr.land – read & write
  • wss://relay.nos.social – read & write
  • wss://relay.nostr.band – read & write
  • wss://nwc.primal.net/ayvjleilmx0al7j2pqt24qed1z7a8s – read & write
  • wss://vault.iris.to – read & write

Recent Notes

S!ayer · 8w
Amethyst mainly
Thekid.999 · 10w
Nahhh i wish it did. You mean the content or the way clients look
il_lost_ · 10w
the quality has dropped further
S!ayer · 9w
Client dependant
Evelin · 12w
👍 WORD5 #438 4/6 🟧🟪⬛🟧⬛ ⬛🟪🟧🟧🟧 🟪🟪🟧🟪⬛ 🟪🟪🟪🟪🟪 https://word5.otherstuff.ai
Thekid.999 · 12w
A senior citizen's game. Hahahahahahahahahahahaa
Aaron Tomac · 12w
A word game. You have six tries to guess it. One puzzle per day.
2Pac · 12w
Correct. I was more referring to if block subsidy plus fees don’t cover operating costs miners are forced to sell coins to pay expenses. Which could worsen the already bearish price action.
 Alexander Hoff ❍ profile picture
Alexander Hoff ❍ @axhoff
i have not researched this in detail but my intuition is that the largest cost to miners is electricity so by simply switching off they can essentially „hibernate“ until price recovers.

hodl miners i‘d also assume have diamond hands and margin miners sell constantly anyway.

it‘s also quite evident from the bart linechart that (leveraged) trade ($45B trading volume) dictates price movement currently which exceeds volume by miner sales ($36M mined per day) by 3 orders of magnitude.
🤙1
2Pac · 12w
Correct. I was more referring to if block subsidy plus fees don’t cover operating costs miners are forced to sell coins to pay expenses. Which could worsen the already bearish price action.