3/1/2022
Another great month of Crypto recovery and stabilization. On a positive start; we are seeing more and more crypto adoption that now assists in funding war efforts in Ukraine. Why is this important? It shows how FAST transactions can occur! The blockchain network analytics measured over 120,000 donations at the beginning of the wallet posting. [analytics has since stopped reporting on each wallet.] Anonymous donations exceeded over 100M USD worth of crypto. How long did it take for the funds to become available you ask? Well that's the best part, not ONE part of the BTC, ETH, DOT, or other stablecoin networks had any delays or outages. This means that the longest transaction (BTC) was available in less than 10 minutes. Most transactions have occurred in SECONDS. No fancy wiring, no bank bureaucracy, or political slowdown, just fast and cheap sending of various amounts of funding.
Next, with the conflict in EMEA/APAC there are blockchain protocols and ISPs getting blocked. This was a significant drop of 24M-TH out of the all-time peak of 214M-TH at the start of the conflict. That hash rate is attempting to recover, we are not seeing the recovery expected during the cooler winter/spring months.
Following all of this data we are now seeing machine pricing with a temporary drop in used and new machine markets. This is the first time seeing a machine cost dropping while BTC stabilized and grew.
I have attached the updated matrix for the month showing a fairly nice drop in NEW S19 systems coming out of the APAC theater. Please contact me for used system sales as the market fluctuates rapidly.
Lastly [and as always] one more fun trend or fact for the update. We are seeing an ASTRONOMICAL trend [in my mind] in the mining pool spaces. With all the new US miner expansions, we are seeing a huge spike in self-node mining protocols. These are miners who are now creating their own pool for themselves.
This is exciting and now showing a huge distribution in new players providing security to the blockchain. The China based pools (that originally were the largest players) have now been averaging extensively lower in the mined block distribution.
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