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this is pretty wild.
if bitcoin was under attack this could be how it looks like.
first you pump it, and get everyone invested/trapped, then you dump it.
then you start pumping the hashrate to squeeze the miners.
i guess the goal would be to make them bankrupt and get their stuff?
But im not sure
sorry that was a low effort post
Though "This post is for paid subscribers", there is some info is in the first part of the newsletter issue available to all.
There is now a Bitcoin Magazine article with excerpts from this report that can be found from another post, found here on SN:
Bitcoin Hash Rate Is Exploding Higher. What Are The Implications For Mining ?#78779https://bitcoinmagazine.com/business/bitcoin-hash-rate-increases-implications-for-equities
this is pretty wild.
if bitcoin was under attack this could be how it looks like.first you pump it, and get everyone invested/trapped, then you dump it.then you start pumping the hashrate to squeeze the miners.i guess the goal would be to make them bankrupt and get their stuff?But im not suresorry that was a low effort post
Though "This post is for paid subscribers", there is some info is in the first part of the newsletter issue available to all.
There is now a Bitcoin Magazine article with excerpts from this report that can be found from another post, found here on SN:
Bitcoin Hash Rate Is Exploding Higher. What Are The Implications For Mining ?
#78779
https://bitcoinmagazine.com/business/bitcoin-hash-rate-increases-implications-for-equities