Hashrate Snob

bandit on the run

[Hashrate Snob @HashrateSnob]

What if the wars, pandemics, geopolitical drama, inflation, bank bailouts, corrupt politicians, broken institutions, fiat money printing, and the general collapse of Western civilization… are all just cover for a few people trying to accumulate all the bitcoin?

[Hashrate Snob @HashrateSnob]

Brother, I rode my bicycle home from Perry’s Pizza and hit a parked car (then carried the bike the rest of the way home). I woke up in my bedroom with the light on and full daylight outside.

About 10 years later I’m playing in my member guest at my country club and I’m paired with the Four Loko founder and Andre Ethier lol.

[Hashrate Snob @HashrateSnob]

@charliekirk11 Who would watch this shit lol

[Hashrate Snob @HashrateSnob]

@Architect9000 Banger

[Hashrate Snob @HashrateSnob]

@Clavicular0 This kinda hits

[Hashrate Snob @HashrateSnob]

It feels dirty making money on XRP 😒

[Hashrate Snob @HashrateSnob]

@bennyjohnson @GitMachine007 @IfindRetards

[Hashrate Snob @HashrateSnob]

MAGA made crime legal and Fuentes is about to get in on it

[lila @veiledangelcake]

This $Qenis is big and it’s getting bigger

[Hashrate Snob @HashrateSnob]

@thejbullmarket I’m tired boss

[Hashrate Snob @HashrateSnob]

Right, but follow that logic. If payback only happens for miners plugged in during short windows, then mining is a timing trade wearing an infrastructure costume, and the benchmark stops being payback and becomes DCA. Take the last epoch at 7c power and ~$20/TH hardware, typical hosted economics, and the boring daily spot buy out-stacked the machine the whole way through. That was not true in 2016 or 2019 when mining beat buying almost across the board. The edge didn’t disappear but it compressed to a tiny cohort with very cheap power buying at capitulation. So where does your model put the line, at what hosted rate does the machine still beat DCA over a full epoch?

[Hashrate Snob @HashrateSnob]

@ImBillRay Both set of grandparents that are paying for it***

[Hashrate Snob @HashrateSnob]

@alt_w_v_g Banger

[Hashrate Snob @HashrateSnob]

Believe it or not I'm bullish mining too, I own and operate sites. I just think this last run was a weird manipulated cycle, ETF and treasury company flows pulled the top forward and muted the blow-off, and now this cycle gets fully rinsed before the setup you're describing can form. Genuine question though: what's your average hashprice for 2027 under your scenario? Not the spike print, the average. That number is the whole trade.

[Hashrate Snob @HashrateSnob]

Right, and the strike keeps moving against you. At today's prices a new machine earns back its cost in about 10 years while its useful life is 4, so the box itself is guaranteed to lose money.

What you're actually buying is a slow drip of bitcoin at a discount to spot, and the trade only works if you hold the coins and the discount survives the next halving. Anyone underwriting the purchase on dollar revenue is buying a depreciating annuity that never matures

[Hashrate Snob @HashrateSnob]

@stelzner_n1150 Phoenix

[Hashrate Snob @HashrateSnob]

@AFpost She one of these MAGA libs too?

[Hashrate Snob @HashrateSnob]

@Realitybased831 @juliandorey @IfindRetards

[Hashrate Snob @HashrateSnob]

@TPV_John Yes and the new system will be kosher