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23618489 No.23618489 [Reply] [Original]

So 40% of hashrate just dies right as the price reaches 14k, mempool gets clogged to oblivion and fees go to 2017 levels. Wow, what a coincidence.

>> No.23618507

>>23618489
Get ready for sub 1k corn.

>> No.23618550

btc is fundamentally flawed lmao. It´s super obvious by now

>> No.23618556
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23618556

>>23618507
my body is ready

>> No.23618648

>>23618489
BTC is shit. this isn't news. all it has going for it is the network effect and brand recognition.

>> No.23619126

You think the Chinese mining mafia wants mining to be lucrative? They will sabotage the shit out of anything to discourage others from trying to get in on their profits. They'll dump their btc if that's what it takes.

>> No.23619159

>>23618489
Bullish as fuck

>> No.23619208

>>23618489
it's 17.8% down, not 40%, and it happened over the last two weeks, not suddenly because of some price action. it's indeed a rather large drop but it happened before.

>> No.23619251

>>23619208
you guys are oblivious to the world around you.
The damn is getting leaky.
And when it burst bitcoins, pokemon cards and chink dolls will be the first to go.

>> No.23619335

>>23619208
Did you miss the big fucking line straight down or what?
https://bitinfocharts.com/comparison/bitcoin-hashrate.html

>> No.23619437
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23619437

>>23618489
MINER
DEATH
SPIRAL
https://twitter.com/excellion/status/1254481331372908547
Look at where this tweet was made in relation to hash rate. (((They))) are afraid of what's coming.

>> No.23619464

chinese farms are moving to cheaper regions
thats what the news say

>> No.23619534

>>23619335
zoom in retard. it's pretty much the same hashrate as throughout 2020, even the covid crash didn't really show a visible effect on the hashrate. probably just some large batches of old miners that are getting turned off because they aren't profitable anymore.

>> No.23619554

>>23619534
>hashrate goes from 160 to 100
>bro just a couple dusty miners getting shut off and prob a couple firms moving from china to middle east lole

>> No.23619683

Ittsss gonnaa bloooowww

>> No.23619699

>>23619554
It's kind of true though. Lots of old school miners can't compete anymore. Now it's big institutions that are mining with expensive as shit equipment

>> No.23619708

>>23619699
so they all exodus all at once.