Bitcoin Mining Problem Drops Most Since July 2021 as Crypto Winter Cuts Profitability December 6, 2022December 5, 2022 by Pale_Wrongdoer5155Bitcoin Mining Problem Drops Most Since July 2021 as Crypto Winter Cuts ProfitabilityRelated
>This latest lower hashrate and difficulty doesn’t leave the network more vulnerable to attack.So I’m calling this a win-win then Reply
Mining company collapse is synonimous with bear market bottoms if we refer to older cycles. This is pretty bullish if you ask me. Reply
There are 2 dimensions of mining profitability:* hash rate * electricity costwhen you add a 3rd dimension of leverage, the entire experiment collapses. If you can acquire mining rigs for CASH, and generate electricity at < 10 cents per kwh, it is a profitable enterprise. Reply
Gamers and PC builders probably rejoicing
>This latest lower hashrate and difficulty doesn’t leave the network more vulnerable to attack.
So I’m calling this a win-win then
Mining company collapse is synonimous with bear market bottoms if we refer to older cycles. This is pretty bullish if you ask me.
it’s been hard for miners. Lots of people are bailing
So good time to buy some Bitmain miners?
Thus the natural cycle continues
This sounds bullish
Just good time to built mining rig? All cheap
First sign that we may be bottoming out
So basically bad companies are dying. Beautiful
Mining difficulty scaling up or down every two weeks is such a prophetic badass piece of BTC
I still think it’s kind of hard ????
There are 2 dimensions of mining profitability:
* hash rate
* electricity cost
when you add a 3rd dimension of leverage, the entire experiment collapses. If you can acquire mining rigs for CASH, and generate electricity at < 10 cents per kwh, it is a profitable enterprise.
Duly Noted.