Ethereum
Just like how we usually see oil rig counts adjust downwards as price of oil tanks; similarly the mining power is adjusting to price expectations. As a consequence of this + continuation of miner migrations I would expect there to be a 5% drop in difficulty adjustment around Sunday 18th July.
Bitcoin
Many folks have estimates of Chinese miner attrition but reality is that the true figure is always a vague range of sorts (some say 50%; some more; others less). Irrespective, the bitcoin network has continued to work as expected. However, if you were a HFT, or a market-maker, or a
DeFi
Rugged, is a term being used to refer to when your investment suddenly goes to zero because of one of below reasons: * original team scammed, took the money & bolted, or * someone found a mistake in code, took advantage of it and ran away, or * mixture of both Mark Cuban
Bitcoin
Not all futures are in backwardation but near dated certainly are. Remaining will find their floor soon after we get a reading on Saylor's latest $500m notes offering. Muted reaction to Saylor's offering is not yet a concern because same thing occurred when he did the
Bitcoin
Anyone still left in crypto? Apparently[1] there is heightened fear and acceptance that BTC top is in for the year but at same time there is a thought that ETH could continue upwards for a while longer[2], however, BTC skew seems to be slowly turning into what is
Bitcoin
I avoid price talk usually but I am sure last week has been one dizzying roller coaster so to confuse matters more... Which way does the dip go? The destination is unknown if we don't follow the memes - we went from super cycle to ESG concerns to
Ethereum
Preface: I am biased towards bitcoin (in all decisions I make) and below are things that make me wonder about future directions. BTC has always been a slow moving juggernaut in the interest of not breaking things; whilst ETH is playful child that is slowly showing signs of growing up
Ethereum
How much it costs to be a miner? Cost of mining equipment - approx. $21k per miner (Innosilicon A10 pro+ 750MH - the most cost efficient miner out there currently). musings: You would need at least 5 of them to make some money ever; so that's $100+k