It looks like you are going to be right, after all, I think I underestimated the amount of hash power that has been sitting on the sidelines waiting to be fired, it just didn't make that sense that why not when bitcoin was 25k, why to wait for 30k, there is something missing in the equation here, I don't know if it was large quantities of mining gears in the middle of the ocean waiting to arrive at their destination and thus they couldn't come online at x price but wait till y price despite the fact that they could have come online when the price was at x! or was it something else? we don't know now, and probably never.

there is also another point which I seem to have missed, this section of the form was a bit quiet a month ago, look at it now, many newbies coming in asking what's wrong with their S9s and the other old gears, I see the same questions every hour on other platforms, it seems like many more people than I thought have not sold their old gears and they stored them in the basement waiting for prices to rebound. Since I think I follow rational thoughts (of which most turn out to be irrational: ) I assumed that the vast majority of gears were already sold, up and running, or simply dead, but no, Joe and his grandma kept their mining gears which they bought at the peak of 2017 despite my "rational recommendation".


Phill, I wish you a happy and a prolonged life, one with lots of happines and a ton of effienct mining gears.