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drewg__'s profile
drew
drew
drew
@drewg__

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drew

@drewg__

electronic trading technologist, illiquid commodity futures enthusiast, hedge fund/HFT apologist, big idiot

NYC
Joined April 2009

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    1. drew‏ @drewg__ Jun 22

      Miner revenues hitting their lowest level since December 😬 wonder if any US miners are taking hashpower offline

      1 reply 0 retweets 3 likes
    2. Jim Greco‏ @jgreco Jun 22
      Replying to @drewg__

      I see all these red laser eyes going away so they must be powering down

      1 reply 0 retweets 6 likes
    3. macrocephalopod‏ @macrocephalopod Jun 22
      Replying to @jgreco @drewg__

      I think I read that the px level where they start becoming unprofitable is 4 figures, so unlikely that they’re taking capacity offline yet?

      1 reply 0 retweets 2 likes
    4. macrocephalopod‏ @macrocephalopod Jun 22
      Replying to @macrocephalopod @jgreco @drewg__

      Sorry, that was for miners in China. US miners plausibly have higher costs.

      2 replies 0 retweets 1 like
      drew‏ @drewg__ Jun 22
      Replying to @macrocephalopod @jgreco

      Yeah, I admit this is a fuzzy area for me, don't really know what the cost structure looks like for the average US miner. That being said I have to imagine it'll be tough sledding for brand new mines paying for ASIC financing and a natgas price boom at the same time as a BTC bust

      10:22 AM - 22 Jun 2021 from Manhattan, NY
      • 4 Likes
      • Jim Greco experquisite Josh Giersch, But Christmassy 🏳️‍🌈
      0 replies 0 retweets 4 likes

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