0 sats \ 2 replies \ @BTCMiner OP 5 Aug 2022 \ parent \ on: Bitcoin mining in the crypto crash — the mining companies’ creative accounting bitcoin
The BTC chain took an hour between blocks at times in November 2017 — about 15% of the previous hash power.
Now that's just an outright lie. Bitcoin didn't lose 85% of its hashrate during the BCash fork. Variance happens. We've can see an hour between blocks multiple times every week yet today. It's called variance.
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0 sats \ 1 reply \ @BTCMiner OP 5 Aug 2022
Those loans are never getting paid off. The mining rigs are near-worthless, and the bitcoins held as collateral can’t be dumped without taking the market down even further.
The bitcoins will likely be dumped, putting more sell pressure on the price of bitcoin.
Didn't she just mention earlier in the article from the CoinTelegraph article that miners are accumulating aggressively once again?
Oh well, ... haters gonna hate.
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26 sats \ 0 replies \ @notgeld 5 Aug 2022
Yes. Somewhat sad that Bitcoin Mining Council was created specifically for such people but they just ignore data and instead use their own agitated sources.
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