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

il_lost_ · 7w
the quality has dropped further
Evelin · 9w
👍 WORD5 #438 4/6 🟧🟪⬛🟧⬛ ⬛🟪🟧🟧🟧 🟪🟪🟧🟪⬛ 🟪🟪🟪🟪🟪 https://word5.otherstuff.ai
note12g2re...
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.