Four years ago I looked at the same data every Bitcoin miner had access to and saw a countdown. Most saw a business.
The block reward was getting cut in half, mining was getting harder every month, and most operators had built up debt that only made sense if Bitcoin's price kept rising.
When it didn't, there was nothing to fall back on.
HashNet was built around that conclusion before anyone in the industry wanted to say it out loud.
The interview on @CoinTabNews covers the whole story, including how HashNet avoided the liquidity trap that caught everyone else.
Thanks to Sampson Gideon for the thoughtful feature.
https://t.co/FlP6cGc1Q2
Myth-Busting Wednesday 😉
MYTH: All cryptocurrencies are the same.
FACT: Bitcoin, Ethereum, stablecoins, and memecoins all operate differently. Each has unique purposes, consensus mechanisms, and risk profiles. Calling them all "crypto" is like calling every vehicle a truck.
MYTH: Crypto mining destroys the environment.
FACT: Over 60% of Bitcoin mining now uses renewable energy sources, a higher percentage than almost any other industry. And Ethereum cut its energy use by more than 99% when it moved to proof-of-stake in 2022.
MYTH: The Bitcoin network has been hacked.
FACT: The Bitcoin network itself has never been hacked. The attacks people refer to were on third-party exchanges and services, not the Bitcoin protocol itself.
Which one did YOU believe until recently? 👇
Despite the market downturn, @MicroStrategy acquires additional 1,142 BTC ($90M), pushing its holdings to 714,644 BTC worth about $54.35B.
Michael Saylor says the move reflects long-term conviction, even as BTC trades more than 45% below its October peak.
https://t.co/sERtIcvqTc
Ghana legalizes crypto trading under a new regulatory framework, ending years of uncertainty.
The Virtual Asset Service Providers Bill gives the Bank of Ghana authority to license and oversee crypto businesses.
https://t.co/9wL8GJxoBW
American-based business intelligence firm @MicroStrategy boosts cash reserve to $2.19B, while holding 671,298 $BTC.
The $748M increase hints at future Bitcoin acquisition as the firm remains the largest corporate BTC holder.
https://t.co/mIoZJqdNAt
BNB-based protocol @Aster_DEX executes a 155M $ASTER buyback. Team plans to burn half of it and distribute the rest via airdrop.
A $10M trading competition is also live
alongside the Stage 3 Airdrop plans which eligible users can claim on December 15.
https://t.co/mLvRi42Lh3
After days of red candles, crypto market's 10% surge wipes out over 100,000 short traders representing $350M in liquidations.
While Bitcoin climbs from $83K to $92K one Bybit trader losses $13M in a single liquidation.
https://t.co/oOcaO5YXQZ
Crypto is becoming a family affair through Binance’s (@Binance) new junior accounts.
These new “junior accounts” let young users learn about crypto under strict parental supervision.
We cover all the bits👇
https://t.co/iihDDpfWAy
Strategy’s longtime “never sell Bitcoin” narrative makes a shift.
@saylor confirms the firm could sell BTC or BTC derivatives if its mNAV drops below 1x.
Along other details, we also broke down how the mNAV mechanics work.
https://t.co/xDVYU9dNg5
U.S.-based giant @MicroStrategy adds 130 BTC to its reserves bolstering its total stack to 650,000 BTC.
With over $48.4B invested in BTC, the firm sets up a $1.44B reserve to support dividends without touching its bitcoins.
https://t.co/GMSZhOcYhi
Most crypto scams go unreported because victims feel embarrassed.
But the truth is, the FBI can’t act on what they don’t know.
That’s why we’ve put together clear steps on how to report crypto scams 👇
https://t.co/o9XkD9Bu09
South Korea’s biggest exchange @upbitglobal confirms an unauthorized outflow of Solana-based assets.
The platform halts deposits and withdrawals and moves funds to cold storage.
Here's the full breakdown. 👇🏾
https://t.co/lksKDjI4pI
As $ETH trades near local lows, the world’s largest corporate Ether holder BitMine (@BitMNR) buys 69,822 ETH.
The acquisition pushes its holdings to 3.63M worth over $10B as it plans to deploy additional $800M on ETH.
Read the full details.👇🏾
https://t.co/sQbb9LsKhV
Got your @solanamobile Seeker device and not sure what happens next?
Seeker Season is still ongoing and what you do with the device decides your standing in the event.
Read this breakdown to know more. 👇🏾
https://t.co/nyX9i7tN82
Our latest study on corporate Bitcoin Treasury reveals something that crypto investors may not be paying attention to.
With $BTC sliding below $100K, this is a data you should be aware of as an investor.
Here's what we found.👇🏾
🧵
As the market panics, El Salvador spends $100M to buy 1,090 $BTC marking its biggest purchase ever.
The country now holds 7,474 BTC worth about $680M.
https://t.co/ZpxxXoVVqC
The $ASTER token is up this week as @Aster_DEX kicks off a wave of incentive programs.
A $10M trading competition, 120M ASTER airdrop, and a new partnership with @BSquaredNetwork Network has added to surge.
https://t.co/CQGpwvDfAq
Strategy buys 8,178 $BTC ($835.6M) bringing its total holdings to 649,870 BTC.
@MicroStrategy now sits on a BTC stack worth more than $48B, with an average price of $74,433.
https://t.co/4hriZ0D5Xk
Another crypto miner, BitMine, purchases 54,156 $ETH pushing its total holdings to 3.56M ETH
Notably, with ETH hovering near $3K, the company treats the downturn as an opportunity.
https://t.co/XG6Oecqsbu