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7. nov., 23:43
Update: $ORE miners are telling the market it should be worth $685.58 vs. the current price of $315.18
Based on an average over the last 10 rounds of 48.606 SOL spent, a 97.2 ORE motherlode, and a SOL price of $154.34 (formula in the prior tweet)
When miners are saying $ORE should be worth much more than the current price that is a reflection of the demand for unrefined ORE which has a much higher yield than regular staking (over 100% APY vs. ~20% APY for regular staking at the moment). Unrefined ORE can only be mined (not bought) and gives perpetual claim to refined ORE received from miner withdrawals. Tldr, people are willing to mine for higher prices since they have a bullish long term view on the value of future yields from refining. This is imo one of the most positive signals you could see that miners are mining for tomorrow, and a month from now, and a year from now, etc, not for just the ORE mining rewards of today. Community consensus is built off of long term thinking.

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