Quote from: o_e_l_e_o on Today at 11:38:44 AM

The SMA30 and SMA60 on the 3rd chart in the OP are the moving averages for hashrate, not for price. His argument seems to be that since the 30 day hashrate moving average has dropped below the 60 day hashrate moving average, that the hashrate is falling. Which is partly true as hashrate is down marginally over the last few weeks, but we are talking in the region of a few percent as you point out, and certainly not a crash as he is suggesting.

My bad, I saw the first line which mentioned when to buy, and coming from another speculation thread with the same moving average I thought it was about the price hitting those, not the hashrate. Of course, for this he is quite right, the hashrate is far more linear than the price and far more unidirectional, if the shorter term period is lower than the longer one it's obviously a downtrend.
But again, it doesn't mean much, a single huge farm going through a period of refining or maintenance could be the cause for half of those 1% swings.

Quote from: swogerino on Today at 12:01:28 PM

Quote from: crwth on Today at 06:58:07 AM

I hope that most of the miners now have switched to renewable energy resources so that they would have been able to be more profitable in their investments.

I think the majority of the big farms have done already and the big ones who want to stay alive in this game are forced to do so or otherwise they will have to go offline during the upcoming crypto winter.
~
If they fail to move to solar panels for example they will be having a hard time with the energy prices skyrocketing throughout the world so they are not the whales,just selling to keep their activity ongoing.

Yeah right, like everyone wants to pay millions for batteries and going solar rather than pay 2cents per kWh for coal-generated energy.
That's why we have tens of farms on coal and gas and a big zero on full solar not grid-tied, so no, no majority has done anything like this.