Pleased to announce the launch of The Global Bitcoin Mining Pulse Survey 2024:
Check where you RANK as a miner globally...
https://t.co/urKJwf7WGr
#BTC#Bitcoin#BitcoinHalving#BitcoinMining
Love this headline because it captures a real shift in the bitcoin mining community.
Gone are the days when bitcoin mining companies tried to apologetically defend themselves.
They are now counterpunching with interest.
This strategy only works because there is now a huge body of peer-reviewed research, independent reports, revisions to old models (Bloomberg Intelligence and Cambridge), and narrative flips from previous antagonists (UN, WEF, Financial Times) now supporting Bitcoin’s environmental merits.
Yes, not just saying “it’s not that bad” like in the past but saying either “it is, or has the realistic potential to be very net-positive for the environment.”
Bitcoin mining companies are simply no longer taking 101-level nonsense from misinformed legacy NGOs, who have made no effort to learn about bitcoin or engage with bitcoin miners, and instead continue to peddle myths that are out-of-date, out-of-evidence and frankly out-of-integrity (funded by Ripple’s chair to run a smear campaign)
@Ebony_4_Justice and
@greenpeaceusa had the chance at the start of this year to review their anti-bitcoin campaign’s (many) mistakes and failures and reach out to the bitcoin community. But have chosen instead to double down on more misinformation, more mistakes, and with it even more loss of credibility with a generation of crypto-native millennials - the very people it should be cultivating as its future base.
We are no longer talking about a difference of opinion GreenpeaceUSA, we are talking about a grassroots movement of Bitcoiners who have taken the time to understand the nuances of a technology deeply, and a UUHNWI-funded former grassroots movement called GreenpeaceUSA who has not.
https://t.co/bfDsei2wXx
Did you know your hashrate purchasing power increased over the last years?
In early March 2024, #Bitcoin reached a new all-time high. At that moment, hardware with efficiency ranging from 25 to 38 J/TH was priced at $12/TH.
When these record price levels were reached in November 2021, the same generation of hardware was sold for $105/TH.
A budget of $100,000 would have allowed you to purchase 9 units of S19J Pro's 100TH/s in November 2021. With that same amount now, you can acquire 83 of these 100TH machines.
🚨This translates to a fleet of 900 TH/s then compared to 8,300 TH/s now.
MicroStrategy has acquired an additional 9,245 BTC for ~$623.0M using proceeds from convertible notes & excess cash for ~$67,382 per #bitcoin. As of 3/18/24, $MSTR hodls 214,246 $BTC acquired for ~$7.53B at average price of $35,160 per bitcoin. https://t.co/oeYJGgiuy0
1/ #Bitcoin market shows short-term overheating.
2/ Not the cyclical top yet; retail investors have not fully entered the market, and ETF demand needs monitoring.
3/ Undergoing correction; $51K if max drawdown 30%, new whales(= ETF buyers) entered at $56K on average.
What factors define a TOP BITCOIN MINER?
We think it is ONLY 5 & 6 combined: A growing HODL of #BTC on balance sheet. The rest are just necessary building blocks towards this.
What do you think? 🗨️👇
Here’s what I consider a top miner:
1) leader in production
2) leader in efficiency and uptime
3) own their infrastructure
4) scaling operations quickly
5) healthy balance sheet
6) growing HODL—nice to have
This is a great video outlining the thesis for #Bitcoin by one of the highest quality thinkers in the space. Quite timely as tools like this are necessary for mainstream education. Thank you @dylanleclair 🙌
@dylanleclair@dylanleclair you are a G! Thank you for laying this out this way. You have always produced great analysis and given some solid interviews but this brings it all together really well and is so timely!