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PAGAN WOLF 2y ago

While I was shopping

#bitcoin hashrate RAGES TO A MASSIVE HIGH

plugged 600 EHS and price is 35k

🤣🤣🤣🤣

That is an anomaly…. Agreed price at this network value is $340,000

Yes I know everyone says “how do I get that figure? Do I make it up?”

No! The implied value of mining power/machines divided by supply equals $340k

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PAGAN WOLF 2y ago

What you’re seeing in mining increase for #bitcoin is:

Shell

Exxon Mobil

Fidelity

BlackRock

Van Eck

Wisdom Tree

Have all invested in miners and are mining bitcoin heavily…. I’d guess every ship off the coast of Europe and his mom are to