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19285949 No.19285949 [Reply] [Original]

>hashrate hasn't recovered and, in fact, seems to bleeding lower
g-guys? i'm starting to think death spiral theory is right...

>> No.19286137
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19286137

>> No.19286156

>>19285949
Why would the hashrate recover, brainlet? It costs over $10k to mine a bitcoin

>> No.19286158

Then why btc is going up nonstop retard I'm shaking

>> No.19286172

>>19285949
explain this

>> No.19286186
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19286186

Thanks God let's do this guys

>> No.19286711
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19286711

not quite there yet

>> No.19286765

>>19286711
correlation is clear but what indicates that the hashrate will drop to the bottom?

>> No.19286913
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19286913

if only there would be a pow crypto that is immune to the death spiral...

>> No.19286944

>>19285949
Hashrate is going up and down berserk after the halving until equilibrium is found. This takes months. And not only was it to be expected, we've known this would happen. It is inevitable to pump as soon as miners turned off, bigger miners have taken over, have sold off their reserves, and so on.
Are you all completely clueless and new to this?

>> No.19286964
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19286964

>>19285949

>> No.19287265
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19287265

>>19285949

>> No.19287287
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19287287

>>19286913
7X
Based.

>> No.19287309

>>19285949
You’re right! Best sell before everyone else catches on. I’ll buy your BTC from you now for $10 per corn only because I’m doing you a favour

>> No.19287396

Bitcoin is officially saturated, the Harry Potter lady, Elon Musk and that boomer investor guy did nothing to bring in new yuppies. From here on out BTC is just a bunch bagholding cultists. Death spiral engaged

>> No.19287451

>>19287396
You sold and are hoping to buy back cheaper BTC? Many such cases. Sorry Anon. Very unlikely to happen at this point.

>> No.19287462

first diff adjustment still looked at a time window that included blocks pre-halvening, so there will be a second, larger diff adjustment after that. once difficulty matches has power, the remaining miners will be in profit again.
in the long run you shizos are right though, bitcoin will actually die from its own issuance policy. but that will take more time.