# Bad timing 

**Published by:** [xnghn](https://paragraph.com/@xnghn/)
**Published on:** 2022-09-06
**URL:** https://paragraph.com/@xnghn/bad-timing

## Content

Further clouds on the horizon meanwhile made Sept. 15 a key date in crypto traders’ diary. Related: Bitcoin mining has never been more competitive even as BTC loses 13% in August Just days after the August Consumer Price Index (CPI) inflation print would be due, payouts as part of the Mt. Gox rehabilitation process would begin after years of legal work. Creditors would thus start to receive a share of almost 140,000 BTC, last traded at a price below $500 a coin. While the resulting selling pressure is a topic of debate, the launch coincides with the Ethereum Merge, where the largest altcoin by market cap jettisons proof-of-work for proof-of-Stake as its consensus algorithm.

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