Niccolò Chimenti

[Matteo Spinosa @MatteoDoefin]

You will soon be able to take exposure to network hashrate:
- transparent (block headers information)
- trustless (no centralised oracle)
- no counterparty risk (like prediction market)
- accessible (simply by connecting your wallet)
- settles in BTC and USDT
@doefinofficial
#Hashrate #Bitcoin #Predictions

[Matteo Spinosa @MatteoDoefin]

Bitcoin mining difficulty has dropped ~20% over the past month, with the last adjustment (7th Feb) alone at -11%. Yet #hashprice remains close to historical lows.
@doefinofficial will let you trade and risk manage these metrics, trustless with no counterparty risk.

#Hashrate

[Matteo Spinosa @MatteoDoefin]

A preview of Doefin's analytics page
Soon online. Join our waiting list.

#bitcoin #hashrate #btc #mining #difficulty

[Matteo Spinosa @MatteoDoefin]

China reclaimed ~14% share of global Bitcoin mining, third worldwide, thanks to low-cost electricity.
This (partially) explains why network hashrate dipped only slightly despite BTC price move.

Can low-cost miners monetize their efficiency (i.e. make more money) by selling protection against increasing difficulty to high-cost miners who suffer the most when difficulty spikes? @doefinofficial

#Bitcoin #Hashrate #BitcoinMining https://t.co/m5Iu60Gfqs"

[Matteo Spinosa @MatteoDoefin]

What a day!
Thank you @planb_network, @pow_space, @giacomozucco and @mir_btc

[Rajat Soni, CFA @Rajatsoni]

It's 2054

Bitcoin has failed

The gold bugs, led by @PeterSchiff, have convinced everyone that peer to peer exchanges of gold are the way to go

The world is now on a gold standard

You run a coffee shop

A customer walks in to buy a coffee but all they have is a 1 KG bar of gold

They take out their chisel and scale and carve off 0.054 grams of gold

You take the gold and send it to your gold purity specialist to confirm that the gold is pure

3-5 business days later, the test confirms that the gold is real

You call the customer back to your shop to get their coffee to complete the transaction

[Matteo Spinosa @MatteoDoefin]

In 2022 Bitcoin network hashrate was ~250 EH/s.
6 months ago it was around 800 EH/s.
Today it is above 1,100 EH/s.

The network hashrate growth in the past 6 months has been equal to the ENTIRE network hashrate we had just 3 years ago!!!

[Matteo Spinosa @MatteoDoefin]

Simulated BTC mining rewards (subsidy only) for 500 PH/s over next year under difficulty growth scenarios.
Market expects ~1.9%/epoch hike: that's a 40% drop in mining revenues (OUCH!)
At Doefin, we are building zero-cost hedges to lock in profits. #Bitcoin #BitcoinMining #Crypto #Hashrate

[Matteo Spinosa @MatteoDoefin]

Instead of relying on volatile '1-day' hashrate estimates, I prefer the 2,016-block rolling hashrate.
This block-weighted calculation converges EXACTLY to the difficulty-implied hashrate at each adjustment period (every 2,016 blocks), true to the protocol's genius. Here is how it tracks against Network Difficulty in block headers.
Why this over daily metrics? It's how Satoshi Nakamoto would have measured it too.
#Bitcoin #BTC #Hashrate #Mining

[Matteo Spinosa @MatteoDoefin]

Miners' problems in the #Bitcoin arms race:
1) Need constant ASIC/power upgrades
2) Global hashrate outrunning your ops
3) Equipment is delayed or stuck at customs
4) Newer rigs obsoleting existing ones
5) Downtime eating revenues
Solution? Synthetic hashrate exposure via @doefinofficial where zero-cost hedging to stabilize income is possible.
#Hashrate #BTCMining #Bitcoin

[Matteo Spinosa @MatteoDoefin]

Since Jan 2022, Bitcoin difficulty jumped 40%+ over 6 months (13 epochs) in ~1/3 of cases.
This means ~29% reward drops for miners in those 6 months periods, 21 times across 98 samples.
Volatility hurts!
#BitcoinMining #BTC

[Ivan on Tech 🍳📈💰 Head Trader @ Bullmania @IvanOnTech]

VERY IMPORTANT PLEASE READ FULLY

Most of you following me on socials are starting to make SERIOUS GAINS as the market heats up.

We have already seen several projects do between 10-30x, $SOL went from $8 to $120, IDOs like GT Protocol did 15x, and #Bitcoin itself will likely go above $100k in the coming year.

We are very fortunate to be in this industry where especially during the magical bull market times.

IT IS OUR RESPONSIBILITY TO GIVE BACK! Consider donating any amount to Save The Children using this link: https://t.co/8yDcwrYU7G

Post the receipt of the donation as a screenshot in the comments to inspire others ❤️

[Niccolò Chimenti @ChimentiNiccolo]

@AltcoinDailyio i actually think is the opposite, why you have to make this posts with no context or prove at all...rather i find pretty strange how the national institute of technology contributed a lot in the application of elliptic curves in cryptography some years before bitcoin creation.

[Niccolò Chimenti @ChimentiNiccolo]

@IvanOnTech @Trailblazexyz @MightyLabsDAO hellooooo follow you since 5 years!! im 24, great project

[Niccolò Chimenti @ChimentiNiccolo]

@Cobratate ahhhhh

[Niccolò Chimenti @ChimentiNiccolo]

@BinanceItalian #BinanceOnTV

[Niccolò Chimenti @ChimentiNiccolo]

@BinanceItalian @Cristiano @LucaChimenti2 @MMCrypto

[Niccolò Chimenti @ChimentiNiccolo]

@MMCrypto 🤚🤚🤚

[Niccolò Chimenti @ChimentiNiccolo]

@MMCrypto i hope in a small rejection and another triangle to trade♥️

[Niccolò Chimenti @ChimentiNiccolo]

@TheMoonCarl i think the only way bitcoin could turn bearish in the short term is if it will follow these two rising wedge ( i think that now we are forward 42k)