1 month of the hashrate index

GNRForever : Runes was just adopted … your analysis does not have direction … people adopting or not adopting runes will not impact mining stock profitability this quarter, stop spreading doom and gloom scenarios

72812736 GNRForever :

egan1 OP GNRForever : I mean just look at the graph and compare it to the stock performance of these companies, they are very correlated. I think a drop is a likely scenario. they don't make money. The underperformance compared to Bitcoin over the last year and the short interest show that investors are getting tired of always being 1 quarter away from gaap profitability. they didn't make money during the bull run of 2021 and they won't make money now especially with block rewards down from then.

GNRForever egan1 OP : Why would a drop be a likely scenario when we are 2 weeks away from earnings? Why would you sell now know that since September bitcoin prices have surged? Why would you not wait until earnings and then take profits? Again, you make no practical sense … let’s get this straight … I am holding mining stocks and I am going to sell before earnings release during of the quarter with the greatest price increase of the commodity I am mining? Hmm … it is not even at any local high? Last three months this stock traded at 15-17 range, my prediction is that it will break 20 because of (1) positive earnings and (2) bitcoin will break hit 70k again.

egan1 OP GNRForever : because a gold mine doesn't have their production slashed by 1/2 and they don't need to buy new shovels every 2 years. there is no barrier to entry in btc mining and the market is as close to perfect competition you can possibly get in the real world. firms in perfect competition have an avg expected profit of exactly $0.

GNRForever egan1 OP : … you are a … you are reaching for straws!

There are several barriers to entry in Bitcoin mining, including high initial costs for purchasing specialized mining equipment like ASICs, significant electricity expenses, and the need for technical knowledge to set up and maintain the equipment. Additionally, the competitive nature of the field, with larger mining pools and companies often having an edge due to economies of scale, poses challenges for smaller miners. Regulatory uncertainties or restrictions in some countries can also hinder operations. Moreover, the profitability of mining is closely linked to the volatile price of Bitcoin, impacting the potential return on investment. These factors collectively make Bitcoin mining a challenging endeavor, especially for those without substantial resources.

GNRForever egan1 OP : …Regarding the production capacity … halving almost has guaranteed bitcoin prices will increase … this is the appeal of bitcoin … nobody controls the blockchain, guaranteed finite supply, and halving ensure that you can’t create more (Satoshi actually incorporated halving for this reason because he saw money printing as a problem for future governments and people holding fiat) ….

We can extrapolate that Gold is in fact not a scare commodity …. Once you are able to mine asteroids and planets minerals and precious metals will lose value … once the point of mining previous metals when in a decade or two you will have access to almost infinite supply!

egan1 OP GNRForever : haven't seen btc go up yet since the 1/2ing and it would still need to hit 120k for them to lose the same $50 mil they did last year.

Psuedoleu egan1 OP : I don’t think he understands mining is not the same as his construction company that he put on the line for his shares save your breathe with him.