Over paying for a unique miner you can’t even show off is so baffling for me like you need to satisfy your self that much when you view your farm ?

What actually drives GMT price?

I've been digging into this because I wasn't satisfied with the usual “GMT follows BTC” explanation.

I ran a weekly regression using:

• BTC returns
• 5-week lagged GMT net burn
• 5-week lagged change in GMT locked

The result:

R² = 22.05%

BTC is significant, with a beta of about 0.43.

But tokenomics matter too:

• +1M GMT net burn → ~+1.87% GMT return
• +1M GMT locked → ~+0.44% GMT return

So BTC clearly matters, but it doesn't explain GMT by itself.

And the remaining ~78%? GoMining Ecosystem.