Hi everyone, I just wanted to say with the new superblock my Gridcoin magnitude has reached an all time low of 30:

CELEBRATION TIME!

Why would I celebrate my Mag falling.... because that means increased competition of course!

So what?

Well that means the available supply of GRC is getting shared among more people, and we all know what Adam Smith says about supply constraint; yes increased prices.
I dont expect the price to tick up instantly, Bitcoin shenanigans notwithstanding, the supply constraint needs to reach the exchanges, but give it time and it will.

So if you are feeling the hurt because it seems like GRC just got harder to mine, remember to HODL until the reward comes back in the form of reduced market availability.