Possibly, however you are missing the huge problem in that nobody is mining and watching monero.
The market doesn't give a shit. the price keeps dropping to 0 against bitcoin and in USD for that matter.
There are no major market incentives. the hash has increased by 2x in 6 years. literally nobody cares about it. The markets have determined this.
Think about it. as CPU have gotten cheaper and WAY more than 2x more powerful in the past 5-6 yesrs, the hash hasn't even kept up with this leap in power and efficiency. not a good sign for the future and next decade
Liberty Farmer
npub1uw…yfqu7
2024-07-25 21:48:08
in reply to nevent1q…5sac
Author Public Key
npub1uwh0m2y8y5489nhr27xn8vkumy8flefm30kkx3l0tcn0wss34kaszyfqu7Published at
2024-07-25 21:48:08Event JSON
{
"id": "875e7ae5f14be85ba742f1e6bbd533c93223aa696aeba3f1780325e007c6fed8",
"pubkey": "e3aefda887252a72cee3578d33b2dcd90e9fe53b8bed6347ef5e26f74211adbb",
"created_at": 1721944088,
"kind": 1,
"tags": [
[
"p",
"f4db5270bd991b17bea1e6d035f45dee392919c29474bbac10342d223c74e0d0"
],
[
"p",
"f985d309197c805e1719c73185b574fc3ee407d7c1b6157dee99c6ace2599bbb"
],
[
"p",
"e3aefda887252a72cee3578d33b2dcd90e9fe53b8bed6347ef5e26f74211adbb"
],
[
"p",
"b98e16edcd011de6ad56aaa5d8949a06c6469fa05be0e0cc0f3282538f94160c"
],
[
"e",
"d86feae260e0a5be451a49f272dcc1b642a261f2601e0adbb34e0c60d54dab38",
"wss://relay.damus.io",
"root"
],
[
"e",
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"wss://relay.wellorder.net",
"reply"
]
],
"content": "Possibly, however you are missing the huge problem in that nobody is mining and watching monero. \n\nThe market doesn't give a shit. the price keeps dropping to 0 against bitcoin and in USD for that matter.\n\nThere are no major market incentives. the hash has increased by 2x in 6 years. literally nobody cares about it. The markets have determined this.\n\nThink about it. as CPU have gotten cheaper and WAY more than 2x more powerful in the past 5-6 yesrs, the hash hasn't even kept up with this leap in power and efficiency. not a good sign for the future and next decade ",
"sig": "e532d4cf5d8ca79178972be8b7feeb21eadd256bccf9cf69971f3d11349a1ff11f613bd6c4e20496cd4b5d6b876cf143f271a43d872cdb55c9a6c054133b5f10"
}