Pinned
Replying to @CormintInc @theMiningPod and @wsfoxley
James McAvity
5,437 posts
James McAvity
@jamesmcavity
CEO - @cormintinc
- 1 satoshi should be called 1 bitcoin And 100 million bitcoin should be called a satoshi.
- TFW you mine 6 blocks in a row and the last one has 85 BTC of fees in it. Happy thanksgiving
- Let's take a look at the mining death spiral FUD, kids! At $.05 KW/h 1 S9 makes about $1 of profit per day at $3800/BTC. $.06-$.08 are still profitable under these conditions, $.09 is not. The breakeven cost here for $.05 KW/h is $2300/BTC, a 40% sell-off from here. (read on)
- BCH: focused on winning a short term battle with a short sighted strategy, setting itself up for long term failure. BTC: focused on winning the war, keeping users empowered vs. centralizing forces. Dont be fooled. #bitcoin
- There is a big winter storm crossing the country right now. This storm will put a strain on power grids If prices get above $.1 - $.2 per kWh 95% of the bitcoin mining load will be offline across Texas, as usual. Let’s have a look at the storm & take a trip down memory lane 🧵
- Texan media outlets reporting that power prices will double over the next 5 years because of Bitcoin mining. Ugly truth: Power prices have already doubled in Texas over the last 5 years. Bitcoin miners had nothing to do with it. Relevant data in this tweet and thread below 1/There is a big winter storm crossing the country right now. This storm will put a strain on power grids If prices get above $.1 - $.2 per kWh 95% of the bitcoin mining load will be offline across Texas, as usual. Let’s have a look at the storm & take a trip down memory lane 🧵
- Replying to @BitcoinPierreMany factual inaccuracies here @cltomlinson -- addressed below. "Generators are not investing in cleaner and more efficient power sources because peak periods are less profitable." ERCOT price volatility has gone up because of grid penetration by intermittent renewables. These
- Your tweet is slightly misleading, Jordan. "Slightest criticism" should be replaced with "Constant criticism, Slander, False allegations, Agenda driven legislative attacks on a federal and state level, Crony policy-making, and general antagonism." What you are probably noticing
- China is building 400 Nuclear power plants domestically while selling the US all the raw materials to continue building taxpayer subsidized solar and batteries. Nuclear is the real green revolution, China knows it and they are moving decades ahead of us on our own dime.
- Every dog coin that exists today will outlast the EuroBREAKING: CAMPAIGN TO PUT @solana MEMECOIN $WIF (@dogwifcoin) ON THE VEGAS SPHERE HAS RAISED ITS TARGET TOTAL AMOUNT
