I'm ready for 69k, anyone else?

Nice recovery attempt from being




wwwwwwwwwrrrrrrrrrrrrrrroooooooooonnnnnnnnnngggggggggggg



 

One of the most interesting parts of this "cycle" in my opinion.  It is not retail.  The retail markets are nothing more than an unreliable oracle so far.  And the majority of acquisition is happening in dark pools.

If retail DOES start to buy this cycle they are going to soak up the available float so fast it will make peoples eyeballs pop out.

Watch.

(If it does not happen this time, which is hard to even accept as possible without some giant global macro black swan... it WILL happen in the next cycle.)

Genius move by Homero to dress the hashlets up in PNGs and add rocket boosts and all that shit... turns out that makes nine random people believe that they have control over the result. Who could have thought

This sounds like it should be appealed.

Edit - just to clarify for anyone who may not remember how this worked: there were no "mining pools" like the Reuters article claims, the whole thing was fake AF. So at best you had 4 or 5 different securities (fake "pools") that you could switch between (and even then only one hashlet type allowed switching; others were locked into one "pool"), but the results had fuck all to do with user's actions. That's like saying your ability to trade stocks at a brokerage makes them not a security because your decisions affect your profits.

Someone really messed up those jury instructions or the jurors are as dumb as a bag with nine rocks in it.

Friday the 5th should be the end of the 50-50,999 numbers

kind of wonderful that the 60’s just keep coming 😊

Quoted from the article:
"So has – more recently and “most egregiously,” according to the study – the introduction of “hyper-carbon-intensive luxury travel space tourism” in 2021. For example, a single 10-minute flight for around four passengers can burn hundreds of tonnes of carbon, the researchers said."

Now, sure, water vapor emitted into upper atmosphere can mix with other chemical pollutants to cause O³ damage, as well as vapor clouds effecting heat retention, BUT that is NOT what the article is saying! The writer is 100% pulling shit out of his ass to put in a blog.

China's emissions have gone up exponentially since the start of the Paris Accords and the US has made bigger cuts to CO² emissions after LEAVING the Paris accords than all other participants combined! Guess what has had the greatest impact on carbon reduction... Fracking! Oh the Horror! Right!?!
It's all a bunch of BS! The most effective way to reduce our ecological impact is to promote growth & economic prosperity! Hungry people living in poverty don't give a Fuck about environmental issues! If they can burn old tires to keep their children from freezing in the winter they'll happily do so! But much more commonly they cut down trees and burn wood! (The most ecologically inefficient form of energy... deforestation!) And if you really want to get into the root of the problems it's not the carbon footprint of the 1%! It's the heavy metal mining, and toxic processes used to generate touch screens and solar panels... there's a reason why it's all done in China & Thialand, OUR environmental restrictions are far to restrictive to allow such industries to operate in any competitive manner. And disposal of all these solar panels, touch screens, & windmill propellers??? Good Luck!

Sorry just tired of BullShit propaganda obfuscation of things that we actually CAN do to make things better.

I am a wee bit confused about the definition of "cycle" that the article is using.

Haven't we already established that this cycle has a time element too.. so when is the time element that the article is predicting in terms of when this supposed top will happen?

I chuckled with that.

I can bet these are Antminers.

It's funny, those pos, defi, or any other token coins I see no value in them, long term all scams and yet look what scammers have done to them, gave those coins value so sheeps can go into a huge parabolic pyramid scheme and then they will simply rugpull them, one by one will simply disappear, scammers know they need to create new coins and then hype them in order for them to earn 1000x, so reason 99% of new coins die once the bullrun is done for, many new coins already lost 99.99% of value and simply died, many more coming once this is over. See defi, pos, tokens from nothing will never be like pow coins, pow coins used value to exist, all others used nothing but hype to exist, long term is only pow, anything else is just scam concerning real value.

https://www.bitrawr.com/difficulty-estimator

Latest Block:   708347  (2 minutes ago)

Current Pace:   105.0205%  (732 / 697.01 expected, 34.99 ahead)

Previous Difficulty:   20082460130830.84                            
Current Difficulty:   21659344833264.85                            
Next Difficulty:   between 22295104368184 and 22750879669260

Next Difficulty Change:   between +2.9353% and +5.0396%

Previous Retarget:   last Sunday at 3:58 PM  (+7.8520%)
Next Retarget (earliest):   November 13, 2021 at 10:54 PM  (in 8d 11h 46m 11s)
Next Retarget (latest):   November 14, 2021 at 5:25 AM  (in 8d 18h 17m 7s)
Projected Epoch Length:   between 13d 7h 56m 15s and 13d 14h 27m 11s

This looks like a pump for dogecoin. I think Elon musk is in love with the coin as a hodler or he wants to help longtime hodlers to have a feel of the pump again. The meme coins are getting hyped by musk and what reason he chose it above other use case altcoins still remains unknown.

Just 1 left in the 50000-50999 range

we have a 60 k streak
and a monthly 60k streak has begun

2021-10-14  57,622

2021-10-15  60,134
2021-10-16  61,253
2021-10-17  60,684
2021-10-18  61,674
2021-10-19  63,168
2021-10-20  65,701
2021-10-21  64,502
Oct 22  62,069
Oct 23 61,064
Oct 24 60,480
Oct 25 62,745
Oct 26 61,895

Oct 27 59,369

Oct 28 60,130
Oct 29 61,534
Oct 30 61,605
Oct 31 61,084


Nov 1 61,301
Nov 2 62,446
Nov 3 62,607
Nov 4 61,788

very nice numbers

That's probably inaccurate especially if you are looking at the raw instant data, it's all over the place because it takes the block finding pace to calculate the hashrate, so if say 3 blocks were found in 15 mins instead of 30 mins their software would assume that the hashrate increased by a huge margin, and the same will happen if say 30 mins passed without anyone finding a block.


With that said, there is indeed newly added gears, but you don't have to go that far to figure out who is adding it and whether the world has the ability to make gears, we have at least 25% of whatever the average hashrate for the last epoch still missing, it was there once and it went offline, so it's only a matter of time before those gears start showing up.

And as for those who keep buying and S19 for S19 pro when we are just a few months away from what's likely going to be the end of this bull cycle - I don't know how they survive but I bet they will do a lot better than the newcomers who have yet to hear about bitcoin mining.

I can almost tell you exactly how things are going to play out, in the next few weeks/months BTC and all crypto will make huge moves to the upside, the price increase on BTC will offset any difficulty concerns regardless of how large they may be, the profitability of those S19s will go to the roof, people will pay 15-20k to get them but the party will be over well before they know it and bitcoin prices will come crashing rendering those S19s unprofitable for the majority of people, the smart ones will be collecting them for dust when the "not so smart" ones can't mine with them.

If you think the above scenario is me overestimating how things are going to be just look at prior market cycles, the human psychology never changes, people bought S9s for 2-3k probably even 4k a few days/weeks before the bear market, that same S9s were sold for $100 and less just a few months later, it will be fun to watch how things unfold, the next a few months will be very interesting for every miner.