Nostr Web Client

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.

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 🤯

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Did the US just bomb the Iranian enrichment Bitcoin mines deep underground? 😳 oops. Certain Intel details lost in translation?