Re: 2021, time for a new general & diff speculation thread...
Block time for the last 24 hours is around 8.5 minutes with 167 blocks mined means 16% of the pace for the last day.
Not sustainable (I think and hope!) for more than a few days but still, this pace would translate into 185Exahash for the day, so above the May ATH.
I was curious what Riot stocks were being hammered in the market and browsing around I finally saw their results, so they have around 3Exahash, at the end of August they had 2.2, clearly, they are going to miss their target of 4 by the end of the year. Also for 2022, they've said 9Exa, I think the plans those companies had drawn back in summer are a bit unrealistic.
Mara stocks are the same, and there the things are murkier.
From what I see it's better to either mine or buy bitcoin directly than expect any huge gains from mining company shares, I have a feeling the hype in the bitcoin mining investments is beginning to dwindle.
I know, I've seen even here poeple who think that if the sun rises at 5:30 and goes down at 20:30 it means they have over 15 hours of continuous sun production at maximum capacity. And a lot who end up with a Pikachu face when I tell them much of Europe has about 3-4 hours of peak sun and they end up thinking I live on some island north of Norway
Not sustainable (I think and hope!) for more than a few days but still, this pace would translate into 185Exahash for the day, so above the May ATH.
I was curious what Riot stocks were being hammered in the market and browsing around I finally saw their results, so they have around 3Exahash, at the end of August they had 2.2, clearly, they are going to miss their target of 4 by the end of the year. Also for 2022, they've said 9Exa, I think the plans those companies had drawn back in summer are a bit unrealistic.
Mara stocks are the same, and there the things are murkier.
From what I see it's better to either mine or buy bitcoin directly than expect any huge gains from mining company shares, I have a feeling the hype in the bitcoin mining investments is beginning to dwindle.
So with net metering the meter runs backwards from about 10am to 4 or 5 pm. and forwards as sun is setting. of course i know you are joking 🙃 but some may not.
I know, I've seen even here poeple who think that if the sun rises at 5:30 and goes down at 20:30 it means they have over 15 hours of continuous sun production at maximum capacity. And a lot who end up with a Pikachu face when I tell them much of Europe has about 3-4 hours of peak sun and they end up thinking I live on some island north of Norway