Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Ok I know this might sound nuts. But what if electricity costs were not a factor. Imagine Putin has a secret mission whereby he is giving away power to a secret team of miners...in secret
Does Russia have a lot of IC mfg capacity? No? Then where are they getting this secret mining hardware from? Hash rate has fallen off substantially this period, possibly to the point of a difficulty decrease. Whatever Putin may be mining, it isn't bitcoin.