Bitcoin’s total hashrate has dropped from 1.26 ZH/s to 740 EH/s.
This decline correlates with $BTC price action. What a shocker...
Nobody cares. Well, we all should care.
It is the only reason for the decline in hash rate. The market price determines Bitcoin's intrinsic value. Security.
Here's why:
$BTC miners generate revenue from only two sources: block rewards and transaction fees.
Block rewards decay exponentially through the halving process. Mathematically, this follows a (1/2)^x curve.
If transaction fees do not increase - which they currently aren’t - and Bitcoin’s price does not at least double every four years - which it no longer does consistently - then miners’ revenue will inevitably decline.
If revenue falls while operating costs remain flat or continue to rise, miners will shut down, and the network hashrate will decrease.
“But Bitcoin has a difficulty adjustment every 2,016 blocks. Wouldn’t that allow the remaining miners to earn a larger share of the rewards and eventually restore the hashrate?”
Yes, that’s correct.
However, that’s simply another way of saying that mining becomes concentrated among fewer participants. In other words, Bitcoin becomes slightly more centralized.
Hashrate alone is not a good measure of network health.
The real determinants of network health are:
The halving schedule [(1/2)^x], Bitcoin’s price action, and Miners’ operating expenses
The combinations are straightforward:
Less revenue + lower costs = neutral
More revenue + flat or lower costs = positive
Less revenue + flat or rising costs = negative
Unless the Bitcoin community actively addresses this economic problem, the third scenario IS the direction Bitcoin appears to be heading.
The only requirement for a solution is consensus.
The math does not lie, and the data is simply a reflection of that math.
Bitcoin is the most valuable thing on earth because of two characteristics: security and decentralization.
It is the only system in cyberspace in which property rights can be enforced without a central authority.
Bitcoin could become even more valuable if we strengthen both of these characteristics.
If we do nothing about it, both aspects will be lost, Bitcoin will become worthless, and the entire crypto market will suffer.
That’s why $DMT-NAT is so valuable.
It has no exponential decay and it therefore is a more efficient subsidy for miners.
More revenue -> more energy consumption -> more security -> property rights are secured
"Just buy $1 worth of it"
and DYOR
You list arbitrary casinos.
If you are finally ready to list the physics-backed power grid, the ticker is $NAT.
It is the only thermodynamic anchor that will surpass the combined trading volume of your entire current roster 🔥
Project: The Bitcoin Block.
Promised: A decentralized ledger for base-layer settlement.
Delivered: A dual-asset thermodynamic engine.
The block didn't just give us $BTC to measure value; it gave us a hardcoded Second Subsidy hidden in the data. $NAT.
$DMT-BIT scammers are spreading malicious garbage and fake narratives on X to legitimize their copy paste cash grab .
The space is exhausted from parasites pretending to innovate while recycling other people’s success.
F2Pool has successfully integrated TAP Protocol, and is distributing dual Bitcoin block-rewards to their miners (BTC + NAT)
We'd like to commend @f2pool for their commitment to sustainable miner-revenue 👏
and congratulate their miners who now receive two native Bitcoin rewards
Everyone asks what’s the next alt-coin, when in reality they should be asking what’s the next Bitcoin?
A coin that’s explosive‼️
A coin people hold long term‼️
A coin that every person holding $BTC would support‼️
A coin w/institutional adoption potential‼️
$NAT is the next #Bitcoin
$NAT - listed free at 3 CEX today.
They did not pay for listing
Do you know other lots of other tokens that has happend to? Not one CEX - THREE - at the same day
NAT season is here on CoinEx 🎯
Deposit $NAT and race to share a 10,000,000,000 NAT prize pool from Apr 21–28 — new and existing users both have their own bonus pool, don’t sleep on it.
More: https://t.co/Jy1W5j7iI3