Crypto’s Center of Gravity Is Shifting Away from the U.S.

I am not sure the Tax attack on BTC energy is co-ordinated either. I knew it was coming. I had been saying this on THIS VERY SAME FORUM for some time, and pointed out that the European Union had prior already put an out-right full ban on mining pre-merge, but then changed their ban within 24 hours.

What did any reasonable BTC user/investor/trader/hodler (if there is such a thing) think where mining BTC was headed?

And as I've said a million times here... mining is a dead-end boomer tech anyway... I'm not sure how much longer we want to keep doubling down on pushing horse-carts in front of the motorized carriages.

But alas... here I go again. Getting ready for the counter-attack already "You're an idiot!!!"
 
The_Krakenite said:
I am not sure the Tax attack on BTC energy is co-ordinated either. I knew it was coming. I had been saying this on THIS VERY SAME FORUM for some time, and pointed out that the European Union had prior already put an out-right full ban on mining pre-merge, but then changed their ban within 24 hours.

What did any reasonable BTC user/investor/trader/hodler (if there is such a thing) think where mining BTC was headed?

And as I've said a million times here... mining is a dead-end boomer tech anyway... I'm not sure how much longer we want to keep doubling down on pushing horse-carts in front of the motorized carriages.

But alas... here I go again. Getting ready for the counter-attack already "You're an idiot!!!"
More...

The Bitcoin mining network hashrate keeps hitting all time high

It is absolutely nutso, because the financial incentives, the rewards, are going lower and lower

When we have the halving in 2024, the Bitcoin miners salaries will get cut in half again

And yet, the networ hashrate keeps going higher and higher

If you know understand why that is happening, then you'll be able to understand one aspect of Bitcoin

It's rumored China is mining again and Russia is mining and who else, we don't know about...



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RedDuke said:
In this case let’s not be careful :D I want it at lower prices to begin accumulation. All I have so far is mostly ether.
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Way back when, people bought Penn Central all the way down, too (accumulating hand over fist). But I don't think they later characterized it as their wishes coming true.
 
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