Update on this. Flagstar closed my bank account. But a local credit union took me in. #forthewin
Nostr check in.
Bitcoin mining is most likely the most competitive business to be in. And one where you actually see company bankruptcies. Bitcoin is the last free market around.
As a miner in the Midwest I use Flagstar bank for all my USD needs. They don't charge monthly account fees requiring certain balance amounts. My complaint with them is $10 incoming wire fees and $30 outgoing. I also don't know how their recent merger with New York Community Bancorp will affect future Bitcoin mining policy.
Bitcoin mining. When in bear market prepare for bull market. Buy Asics, lower operating costs, accumulate BTC. When in bull market prepare for the bear. Sell BTC and/or Asics for profit, lower operating costs, hold USD. Easy to say hard to do.
Clarification the 947,000 active addresses were from one day not in total. From glassnode
All time highs
Bitcoin addresses with non-zero balance: 44 million.
981,000 addresses with 1 Bitcoin or more.
Hashrate at 295 EH/s.
Last mined Bitcoin block 776,840
Total network hashrate ~290 EH/s
Active addresses 947,000
Price $24,500