Daniil Berezin

Bitcoin mining economics, stablecoin plumbing, tokenized RWAs. Numbers over narratives.

[Daniil Berezin @0xDanikber]

What I track here, in plain numbers: what it really costs to mine a bitcoin, where stablecoins actually move money, and whether tokenized assets do anything a normal fund share can't. Less narrative, more unit economics. (1/5)

[Daniil Berezin @0xDanikber]

Tokenized US stocks go live on OKXICE Nov 23. 56 of the 62 companies first picked objected, the Magnificent Seven included.
The six left are Coinbase, Circle, Robinhood, Strategy, BitGo and Securitize.
24/7 onchain trading of crypto stocks, for crypto people.

[Daniil Berezin @0xDanikber]

@rezosh nobody onboards for the tech. they onboard because sending dollars to family abroad stopped taking three days

[Daniil Berezin @0xDanikber]

@rdd147 every hardware cycle ends the same way, someone finds out what used gear is actually worth on ebay

[Daniil Berezin @0xDanikber]

@Temple_Eight every earnings week someone finds out priced for perfection isn't just a phrase

[Daniil Berezin @0xDanikber]

@HashDepot Agreed, the cut is a cushion, not a fix. At ~$31 hashprice an old rig on average power is just losing money slower. Are you seeing more people sell older units now, or hold and wait for difficulty to keep falling?

[Daniil Berezin @0xDanikber]

Bitcoin difficulty is on track for a ~7.7% cut within two days, the steepest since June. Blocks average 10m50s and hashprice sits near $31, close to the year's low. Old rigs are switching off. Whoever keeps hashing splits the same 450 BTC a day among fewer machines.

[Daniil Berezin @0xDanikber]

@pequityresearch two years ago saying TPUs would match Nvidia got you laughed out of the group chat

[Daniil Berezin @0xDanikber]

@0xbithart every central bank: stablecoins are risky. also every central bank: ok but what if ours

[Daniil Berezin @0xDanikber]

@ericjackson @theKantoarbot every crash gets explained with the same two words eventually, and somehow nobody had leverage the week before

[Daniil Berezin @0xDanikber]

Three miners gave up 16 EH/s in one quarter. Bitdeer added 22.
IREN, Core Scientific and TeraWulf went from 32.8 to 16.8 EH/s in Q3 as AI revenue doubled to $478M. Bitdeer took 9.7%+ of September rewards.
AI doesn't kill mining. It changes who gets the blocks.

[Daniil Berezin @0xDanikber]

@rdd147 same sector, same day, opposite moves. AI infra earnings season is a coin flip with a press release

[Daniil Berezin @0xDanikber]

@AIStockSavvy a month ago everyone was a chip analyst. now everyone's suddenly a long term investor

[Daniil Berezin @0xDanikber]

@LookInto_BTC the ~7% difficulty cut coming feels like a friend paying you back half of what they owe

[Daniil Berezin @0xDanikber]

@CryptoVince_ @The_DTCC the most boring company in finance going onchain hits different than another L1 roadmap

[Daniil Berezin @0xDanikber]

@pequityresearch financing chips with 10 year paper while they get a new generation every year. the bond desk is very brave

[Daniil Berezin @0xDanikber]

@AIStockSavvy every data center delay story ends with the same word

[Daniil Berezin @0xDanikber]

@pequityresearch @BloombergTV imagine buying GPUs at peak prices and they just sit in a warehouse waiting for the utility to call back

[Daniil Berezin @0xDanikber]

@brent_e_trader beat the quarter, missed the guide because of a building in new jersey. AI stocks trade on concrete and permits now

[Daniil Berezin @0xDanikber]

@CoinpediaNews everyone watches price, nobody watches the stablecoin pile shrinking until it's already gone

[Daniil Berezin @0xDanikber]

@Mackewich every business with a cheap power contract is one pitch deck away from being an AI company