Alex Lam

Co-founder of RM & RockX | Private-pool BTC miner since 2013, strong believer in knowledge sharing for mining and all. Hodl and buidl

[Alex Lam @Alex_Lamzp]

we are validators!welcome to join us tmr.

[Moonstake @moonstake]

Collaboration Webinar with RockX(@rockx_official) ,Strategic Partner on Mar 16, 7PM in SG time!

This is a rare opportunity to hear from the top staking validator for #Polkadot about the key points of #staking. We look forward to seeing you there.

https://t.co/guWRY1pJOl

[StoneDefi @DefiStone]

See you on Thursday night!

[Alex Lam @Alex_Lamzp]

@DefiStone Merry Chrismas !

[StoneDefi @DefiStone]

#MerryChristmas Chrismas for all STONERS, wish you all have a fruitful&wonderful holiday!

[Alex Lam @Alex_Lamzp]

Together with prominent members of the mining community in Asia, I have shared some thoughts ahead of the #BitcoinHalving2020 with @Cointelegraph. We believe Bitcoin has come a long way in term of user adoption and advancement as a technology.

[Cointelegraph @Cointelegraph]

57% of Chinese crypto miners expect a large number of new Bitcoin buyers to join the market in the near future https://t.co/IyuzadObpI

[RockX @rockx_official]

4/ Mining activity could continue to centralize within China, as the Halving will coincide with the start of the wet season in China. Mining farms located in the western regions could take advantage of cheap hydropower to continue operations.

[Alex Lam @Alex_Lamzp]

Happy to be working with renowned companies in the #Bitcoin space. Beyond trading, the supply chain of #Bitcoin & the mining industry can sometimes be opaque & mysterious to many people. Hopefully our content will help demystify & promote the industry in an open & healthy way.

[RockX @rockx_official]

We are proud to unveil our first Digital Asset Economy Report. This report is co-produced with our friends at @officialpoolin, @f2pool, @TokenInsight, & @AntPoolofficial. You can download the full report from https://t.co/AoRr4PM65r.

[RockX @rockx_official]

Every 210,000 blocks, the issuance of new $BTC is reduced by half. After the next halving, the inflation rate for Bitcoin will fall to about 1.78%.

#Bitcoin

[Alex Lam @Alex_Lamzp]

It is an organic and necessary evolution in the mining industry when older and less efficient machines get phased out. Every difficulty presents a new opportunity.

[Alex Lam @Alex_Lamzp]

The recent Bitcoin selloff (from $9K+ to $3.7K this morning) has caused many miners, especially those with S9, M21s and T17, to stop mining because it's no longer profitable. Total network hash rate is going down.

[Alex Lam @Alex_Lamzp]

It doesn't mean Bitcoin mining is no longer profitable. For the miners running on more powerful machines i.e. M20s and S17, they will be mining more BTC as the total network hash rate goes down.

[Alex Lam @Alex_Lamzp]

The quarantine & city-wide lockdowns due to the COVID-19 outbreak had created significant bottlenecks in the manufacturing & logistical processes in China. That said, total network hashrate for Bitcoin is maintained above 110 EH/s, which shows the confidence & optimism in miners.

[Alex Lam @Alex_Lamzp]

Two of the largest Bitcoin mining hardware manufacturers, Bitmain and MicroBT, are rushing to launch cutting-edge next-generation mining hardware ahead of the $BTC halving event in May. Miners are bullish.

[Alex Lam @Alex_Lamzp]

#Bitcoin going above $10,000 and still climbing! Total $BTC network hashrate is rising as well - 110 EH/s. Market is bullish.

[Alex Lam @Alex_Lamzp]

About time for Bitcoin to get its own emoji on Twitter!

#Bitcoin

[Alex Lam @Alex_Lamzp]

11 years since Bitcoin's genesis block was mined and the ecosystem on all fronts -- developer, miner, and consumer-facing applications -- has grown so much it's impossible for anyone to ignore Bitcoin anymore.

[Alex Lam @Alex_Lamzp]

I started $BTC mining in 2013, and haven't stopped building and HODLing since then. Incredible to look back and see how the industry has evolved in just six years.
https://t.co/YSjgjIj0gP

[Alex Lam @Alex_Lamzp]

Good thread. We believe that #DeFi is the killer app for blockchains. Ethereum has the headstart and we foresee other blockchains chasing up on the trend too.

[Kelvin Koh @SpartanBlack_1]

0/ I used to think that crypto people are crazily optimistic, but lately a sense of despondency seems to be spreading. Even some of the early crypto diehards are sounding the industry’s death knells. This gloomy narrative is wrong and puts crypto’s long term growth at risk.

[Alex Lam @Alex_Lamzp]

When mining BTC, you will be stacking more sats no matter what. In crypto winter/bear market, BTC difficulty will not increase by much, so you can enjoy consistent gains to your portfolio over several months. That's the key difference between mining & buying.

[Alex Lam @Alex_Lamzp]

I've been asked: Why should I mine $BTC when I can buy and #hodl $BTC directly from exchanges?

My thoughts below 👇🏻

[Alex Lam @Alex_Lamzp]

When you buy BTC, you will only make a profit when prices go up (i.e. in a bull market). What happens in a bear market when prices go down or sideways for a long time, like in 2018/2019? Your portfolio remains the same in BTC, while fluctuating/dipping in USD.