Thread

Oh yeah, I didn't notice that *all* hashrate went down this week So one might think it could just be that But I don't think so, as it's not just that their hashrate fell -- they are also mining fewer blocks than their peers I guess it could just be a combination of "lots of miners are switching off AND they are having bad luck" but I think my alternative hypothesis is worth putting out there

Yeah, the profits of miners that pay higher energy prices would naturally be disproportionately sensitive to BTC price. I don't know if that applies to Ocean miners specifically; but, I had the impression that the bigger operations able to leverage more favorable energy deals are not typically the ones mining with Ocean.