Hashrate is down over 37% since Friday.
Price is down 7%
This is roughly equivalent to a 30% improvement in miner profit margins.
A mined Bitcoin got 37% cheaper.
A Bitcoin on an exchange got 7% cheaper.
Mining gives you exposure to the spread between price and hashrate.
The Iranians were mining with nuclear... Wild times
I know a lot is going on between WWIII and sub 6-figure coin, but a 37% decline in hashrate over 48 hours is insane 🤯
1 sat transaction fees putting the Lightning Network out of business.
Why is the chain so sleepy if everything is so cheap?
