“next 12 days years are critical.” 
Right after the jump, we were again at 103% over and I thought no, this ain't going to happen but better keep my mouth shut as whenever I open the opposite happens, right now we're at 97.5% so maybe maybe...
As for the ETH thing, If I were to go full bear mode I would think of it like this, lot of power and buildings and contracts that suddenly instead of splitting $20m are going for a single one:
So of course a lot of them will simply have to stop and maybe switch to bitcoin mining, especially if they have all the above paid in advance so they could offer to host some miners. To be honest I know like 0.1% of the inner economy of GPU mining but even if I'm going to take the numbers from digiconomsit with a bag of salt there is a whole lot of power that was put into GPU mining
https://digiconomist.net/ethereum-energy-consumption/
But this does sound believable, the reward for them was
So that consumption makes sense as this is the upper limit to what miners can spend, which means a whole lot of should say opportunities(?) for ASIC owners who had to stop because of expensive energy to start again? Of course, the more I go with this the more complicated it gets and we have like zero clues about it, the only thing that might give us a hint would be increased activity on the use miners market (which I'm again out of touch with)
Speculations, speculation, but overall bearish on the outcome.
Right after the jump, we were again at 103% over and I thought no, this ain't going to happen but better keep my mouth shut as whenever I open the opposite happens, right now we're at 97.5% so maybe maybe...
As for the ETH thing, If I were to go full bear mode I would think of it like this, lot of power and buildings and contracts that suddenly instead of splitting $20m are going for a single one:
So of course a lot of them will simply have to stop and maybe switch to bitcoin mining, especially if they have all the above paid in advance so they could offer to host some miners. To be honest I know like 0.1% of the inner economy of GPU mining but even if I'm going to take the numbers from digiconomsit with a bag of salt there is a whole lot of power that was put into GPU mining
https://digiconomist.net/ethereum-energy-consumption/
But this does sound believable, the reward for them was
Quote
Reward last 24h
812.50+15.22 BTC ($16,842,355.17)
12,538+2093+18.94+515-1626 ETH ($22,132,604.31)
812.50+15.22 BTC ($16,842,355.17)
12,538+2093+18.94+515-1626 ETH ($22,132,604.31)
So that consumption makes sense as this is the upper limit to what miners can spend, which means a whole lot of should say opportunities(?) for ASIC owners who had to stop because of expensive energy to start again? Of course, the more I go with this the more complicated it gets and we have like zero clues about it, the only thing that might give us a hint would be increased activity on the use miners market (which I'm again out of touch with)
Speculations, speculation, but overall bearish on the outcome.