A little tired of watching the price not going, I hope this bearish trend will end soon so our token will definitely see some light.
Bought during the pump and now my portfolio is getting lower, not complaining here, just hoping bitcoin will rise again.
Allright, I will show you something, hope this calm you down a bit
So let me do a math a bit. At the moment there is 280223.7453 GH/s of total hashrate on Ethereum network.
You can check here:
https://etherscan.io/chart/hashrate So lets count 280000 GH/s.
Not sure if it was stated in some of the Q&A, or I read it in this (Telegram)channel
https://t.me/sonm_eng ,
but what was said was, SONM have contracted, or agreed contracts (by word) from suppliers from Consensus conference for 10% of total ETH hashrate. So it's 28000GH/s. Let's take 30MH/s per card. I know, there is lot of different cards, models, etc,
but on average, we can count with those 30MH/s. So 28000GH/s divided by 30MH/s per card, it's 933 333 cards.
These cards are producing for about 900000$ revenue daily at these days rates.
This is the sum what bot will be buying daily on exchanges. It's
140BTC, or 1900 ETH buying support daily.
And here is one quite important thing, lot, or maybe most people don't know, that all revenues for
mining coins, tokens, used traffic, rented HDD's, used CPU's, RAM will be immediately traded for SNM tokens.
e.g all ETH, ETC, ZCASH, HUSH, XVG, VTC, whatever will be sold on exchanges, and for all of that sum will be bought SNM tokens.
That's how is this platform built, and how it works, and what people don't realize.
Sure some people will be taking profits immediately, but not all of them,
those with the brain on the right place will not sell immediately when they'll see price is ramping up constantly.
So now everyone can go to the exchange and can do his math, what will going to happen.
With this bigger volume coming constantly, guess what will happen then. You'll get an attention again.
It's like when you throw a stone to the calm water, waves will start moving all around the lake.
What will happen after that? Fomo kicks in.
As I'm going back to hashrate. This is just ETH network, not counting any other networks.
Then you have shitload of other algos and networks. And this is just mining.
And again, I'm not going to count other resources which you can utilize, that's another source of revenues.
And I'm not going to even say, how Masternodes will worth because of all of this.
And I can continue to ad anfinitum...
Very well said! I think they should do a bounty campaign to really focus on the community, cause like you said this forum is filled with miners looking for a more profitable option
