Quote from: stompix on Today at 01:29:19 PM

“next 12 ~~days~~ years are critical.” Roll Eyes

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)

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.

It is very difficult to understand this market.

A) how much idle gear is sitting waiting to turn on I do not know.
B) how many were mining eth as it made big bucks but they are ready to switch to btc.
C) look at the lower avalon prices for US miners shop.canaan.io

If you have a prepaid power contract and had eth eth eth do you buy a ton of cheap avalons?

https://shop.canaan.io/products/avalon-miner-a1166-pro-81t-3400w?VariantsId=10012

81 th for 1337 no import tax just shipping from Texas> We have 40kwatts of eth that would be 12 of these. Do I get 12 of these?

that would be 12 x 81 = 972 th which is 972 x .0832 = $81 usd a day. at the moment the eth+etc is clearing 200 a day

So do I chase and buy 16000 in avalons takes 200 days to get back that 16000.

remember my power is paid off till dec 2023.

do I sit and take reduced income on the gpus. no cash outlay.

we are at a standstill as to our next moves.

what is in our favor is zero debt.
lots of extra cheap power.

I will wait til the sept 12-14 date and see what happens when 22-25 million of gross income is pulled out of the mix.