Swan announced that they have a sizable mining division (4.5 EH now, going to 8 EH by March) and today they are taking it out of stealth mode.

https://bitcoinmagazine.com/business/swan-bitcoin-launches-mining-division-targets-over-8-exahash-by-march

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Thats not mining. That's hash renting. They don't construct block templates. Probably because you meed a node for that.

Is owning your own equipment not mining now?

What do they own? Not a bitcoim node. Miners craft block templates. Hashers just trust other peoples node to provide the template. Swan likely hashing, not mining.

Interesting break down.

Credit to Ocean pool for clarifying this. Coupled with learning stratum v2 stuff.

Stealth mode = sus mode

Gotta pump those bags until IPO

Didn’t they also have a CTO opening, nostr:npub1us0gs0c77cjgtgr5cxsl58g2py496eu26jd7mshe2k44uvzm498qrefrqv ?

Where the head hunters at? The CIA?

👀

Badass

how do you see nostr breaking the network effects of X if its even possible?

who is behind the funding?

So tired of this company and their ways.

Ah, the buildout of a future core-scientific with a well-timed dump of bitcoin holdings due to "liquidity event"?

When a company does everything I tend to be suspicious …