Replying to Avatar nostr.build

I often wonder what is causing it on a macro level. Cyclical waves of energy use? Cyclical prices of energy? Miner confidence? Waves of net-new hash coming online? Moon phase? All the above?
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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

Lag time between miners production and when they are plugged in. That’s why hash rate kept going up regardless of price

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