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Quartr
NAVER, the company behind Korea's dominant search engine, now delivers IR material to millions of users through Quartr API.
https://t.co/NDIhsFVhPA
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NAVER, the company behind Korea's dominant search engine, now delivers IR material to millions of users through Quartr API.
https://t.co/NDIhsFVhPA
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Offshore
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memenodes
Joined 2018 and still stuck at 1400 followers https://t.co/TMToo8HRqp
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Joined 2018 and still stuck at 1400 followers https://t.co/TMToo8HRqp
I’m stuck at 600 followers 😭 tweet
AkhenOsiris
$AMZN
CEO Matt Garman tells Axios that AWS is increasingly the cloud where customers are putting real production workloads due to its combination of capabilities and cost effectiveness.
"A year ago, there were questions about whether we'd missed the wave, but now, most people are building their production systems in AWS because of what we've built over the past couple of years," Garman told Axios. "People are now realizing that Amazon has a great platform for AI."
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$AMZN
CEO Matt Garman tells Axios that AWS is increasingly the cloud where customers are putting real production workloads due to its combination of capabilities and cost effectiveness.
"A year ago, there were questions about whether we'd missed the wave, but now, most people are building their production systems in AWS because of what we've built over the past couple of years," Garman told Axios. "People are now realizing that Amazon has a great platform for AI."
tweet
AkhenOsiris
$AMZN
The industry itself is at an inflection point, Garman said, moving from summarization and content creation to transforming broader workflows by taking on repetitive tasks.
"It's not slowing down anytime soon. I think there was fear a year ago that maybe the model capabilities were plateauing," Garman said. "I think that is not the case anymore."
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$AMZN
The industry itself is at an inflection point, Garman said, moving from summarization and content creation to transforming broader workflows by taking on repetitive tasks.
"It's not slowing down anytime soon. I think there was fear a year ago that maybe the model capabilities were plateauing," Garman said. "I think that is not the case anymore."
$AMZN
CEO Matt Garman tells Axios that AWS is increasingly the cloud where customers are putting real production workloads due to its combination of capabilities and cost effectiveness.
"A year ago, there were questions about whether we'd missed the wave, but now, most people are building their production systems in AWS because of what we've built over the past couple of years," Garman told Axios. "People are now realizing that Amazon has a great platform for AI." tweet
Offshore
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memenodes
stop checking the crypto market, relax and read a good book
crypto guys : https://t.co/3raCRQPxHg
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stop checking the crypto market, relax and read a good book
crypto guys : https://t.co/3raCRQPxHg
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Offshore
Video
memenodes
When you realize that Elon Musk can run 7 companies and still have time to quote the best tweets on X
But she's “too busy” to text you back https://t.co/ybDcvRuxBy
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When you realize that Elon Musk can run 7 companies and still have time to quote the best tweets on X
But she's “too busy” to text you back https://t.co/ybDcvRuxBy
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Offshore
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EndGame Macro
The Miner Model Trap And Why These Charts Overpromise and Underdeliver
This chart looks clean and comforting at first glance. Bitcoin sits above its modeled electrical cost, production cost, and a miner fair value band, so the easy conclusion is that $71k or so is some kind of hard floor. But that’s not how Bitcoin works in the real world, and it’s definitely not how markets behave when stress hits.
What the Lines Actually Mean
Those red and orange curves aren’t natural laws, they’re estimates built on assumptions: average energy costs, average hardware efficiency, average uptime. They’re useful for understanding the structure of mining, but they’re not universal truths. Some miners pay rock bottom power rates and could mine profitably at half the electrical cost the chart shows. Others are barely breaking even, even at current prices. The line is an average, and averages hide the extremes.
Why the Cost Curve Isn’t a Floor
Markets don’t care about miners comfort. In every commodity sector, price routinely falls below the cost of production during stress. Bitcoin is no different. When price drops quickly enough, high cost miners unplug, hashrate falls, difficulty adjusts lower, and the actual cost to mine a coin drops with the washout. The so called floor moves with the market; the market does not move to defend the floor. And even in past cycles, Bitcoin has dipped below these modeled costs intraday or intra week, the chart just smooths that pain out.
Survivorship bias makes it look even cleaner. The miners who were mining below cost didn’t magically survive; they went bankrupt and disappeared. Their losses are invisible in charts like this.
What Happens in a Recession or Deflation
This is where the cost floor idea really breaks. In a recession, the economics of mining don’t stay fixed, they change drastically. Energy demand weakens, and large industrial users can negotiate cheaper power. ASIC prices fall as panic selling takes over. Difficulty drops as weak miners unplug. Financing becomes harder, and valuation multiples compress. All of that pushes the actual electrical cost, production cost, and miner fair value bands downward over time. In a true macro downturn, every one of those lines would slide lower, not hold firm.
So a recession doesn’t make the floor stronger, it makes it weaker. If the macro picture softens, these cost curves will reset at lower levels, and Bitcoin can easily trade under them during the transition.
What the Chart Is Actually Good For
Where this chart shines is as a stress gauge, not a safety net. When Bitcoin drifts toward these modeled costs, it usually means miner margins are getting squeezed, forced selling is increasing, and the weaker operators are being flushed out. Those moments often create long term opportunities but only after the cost curves move to reflect the new reality.
The honest takeaway is that this chart doesn’t guarantee Bitcoin is protected above any specific number. It just highlights where pressure is building. It’s one piece of context in a market that’s far more dynamic and far less predictable than a single model can capture.
tweet
The Miner Model Trap And Why These Charts Overpromise and Underdeliver
This chart looks clean and comforting at first glance. Bitcoin sits above its modeled electrical cost, production cost, and a miner fair value band, so the easy conclusion is that $71k or so is some kind of hard floor. But that’s not how Bitcoin works in the real world, and it’s definitely not how markets behave when stress hits.
What the Lines Actually Mean
Those red and orange curves aren’t natural laws, they’re estimates built on assumptions: average energy costs, average hardware efficiency, average uptime. They’re useful for understanding the structure of mining, but they’re not universal truths. Some miners pay rock bottom power rates and could mine profitably at half the electrical cost the chart shows. Others are barely breaking even, even at current prices. The line is an average, and averages hide the extremes.
Why the Cost Curve Isn’t a Floor
Markets don’t care about miners comfort. In every commodity sector, price routinely falls below the cost of production during stress. Bitcoin is no different. When price drops quickly enough, high cost miners unplug, hashrate falls, difficulty adjusts lower, and the actual cost to mine a coin drops with the washout. The so called floor moves with the market; the market does not move to defend the floor. And even in past cycles, Bitcoin has dipped below these modeled costs intraday or intra week, the chart just smooths that pain out.
Survivorship bias makes it look even cleaner. The miners who were mining below cost didn’t magically survive; they went bankrupt and disappeared. Their losses are invisible in charts like this.
What Happens in a Recession or Deflation
This is where the cost floor idea really breaks. In a recession, the economics of mining don’t stay fixed, they change drastically. Energy demand weakens, and large industrial users can negotiate cheaper power. ASIC prices fall as panic selling takes over. Difficulty drops as weak miners unplug. Financing becomes harder, and valuation multiples compress. All of that pushes the actual electrical cost, production cost, and miner fair value bands downward over time. In a true macro downturn, every one of those lines would slide lower, not hold firm.
So a recession doesn’t make the floor stronger, it makes it weaker. If the macro picture softens, these cost curves will reset at lower levels, and Bitcoin can easily trade under them during the transition.
What the Chart Is Actually Good For
Where this chart shines is as a stress gauge, not a safety net. When Bitcoin drifts toward these modeled costs, it usually means miner margins are getting squeezed, forced selling is increasing, and the weaker operators are being flushed out. Those moments often create long term opportunities but only after the cost curves move to reflect the new reality.
The honest takeaway is that this chart doesn’t guarantee Bitcoin is protected above any specific number. It just highlights where pressure is building. It’s one piece of context in a market that’s far more dynamic and far less predictable than a single model can capture.
Bitcoin has NEVER dropped below its electrical cost
Current Electrical Costs = $71,000 https://t.co/E0lBK7TB15 tweet