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Major Mining Opportunity - There are very large VRSC blocks going out right now!

450 views· 18 likes· 27:41· Sep 23, 2024

A new basket just launched on the network and has raise the price from $1.50 to over $4. Orange pi cluster mining update.

About This Video

Tonight I wanted to jump on and flag a major mining opportunity on the Verus (VRSC) network, because we’re seeing very large blocks going out right now. A new basket launched (the Nate/Owl basket), and it pushed price action hard—what was around $1.50 ran up into the $4+ range. The big thing people are missing is the decentralized bridge/AMM price versus centralized exchanges: the bridge was showing roughly ~$4 while a lot of CEX pricing was still lagging way behind, which created a real arbitrage window and a ton of conversion activity. That conversion activity is exactly why miners are seeing “mega blocks.” Normally you’re around ~6 VRSC per block, but with the fee pool paying out extra from all the transaction and conversion fees, we were seeing blocks in the ~19–22 VRSC range (and then slowly tapering as things arbitrage back toward equilibrium). I also broke down the fee pool concept—fees go into a persistent pool and miners take a percentage, which reduces reorg incentives and keeps security pointed forward. Then I gave an Orange Pi cluster update: my 125-node “big boy” cluster has been running for about 10 months (with some SD card corruption issues and power events along the way), and it’s mined just under ~2,000 VRSC. With today’s prices, that’s the kind of moment where you turn on your CPUs, phone miners, and any rigs you’ve got, because profitability can spike fast when the network gets this kind of economic activity.

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