[HN Gopher] Bitcoin Mining News
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       Bitcoin Mining News
        
       Author : jeffreyrogers
       Score  : 9 points
       Date   : 2022-07-21 17:17 UTC (5 hours ago)
        
 (HTM) web link (blog.dshr.org)
 (TXT) w3m dump (blog.dshr.org)
        
       | mistrial9 wrote:
       | not a repeating reader on this topic here, but I am more
       | interested in the character in the dark glasses than the
       | Economist Magazine-style snippets on current measures of market
       | participation and mining. How is it that this dark-glasses guy
       | chooses a portrait like "here I am in the furthest reaches of
       | wilderness with a private (modest) aircraft and good quality
       | outdoor clothes" ? who is this Anglo-guy who travels over
       | continents and knows the price of things that originate in such
       | secretive ways ? It is either remarkably impressive, or just
       | over-the-top self-absorbed, or both.. which seems reflective of
       | the "me against the world" individualists who are attracted to
       | high-value, high-risk, scarce things that can be traded anywhere
       | there are finance people, on Earth. Like a top-tier hunting bird,
       | literally.. not all animals are like that. Not all communities
       | can sustain these people. It takes multiple economies to get one
       | "dshr" ?
       | 
       | It is pretty easy to disregard or actually hate on owners of
       | mega-yachts. (have you actually seen one of those ships?) It is
       | less obvious how to react to the Eagle guy in glasses. Its like
       | comic-level almost, the personae presented. Anyway, thats my
       | reaction..
        
       | Imnimo wrote:
       | I am somewhat surprised by how poorly the production cost tracks
       | bitcoin's price on the upswing. Obviously there's friction and
       | delay in spinning up new mining rigs, but I guess I would've
       | expected that delay to be less severe - even if you were spinning
       | up less efficient chips, it'd still be profitable if the hash
       | rate and price were far apart.
       | 
       | Maybe this was exacerbated by the covid chip shortage, and we
       | might expect closer tracking in the future?
        
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       (page generated 2022-07-21 23:02 UTC)