/biz/ - Business & Finance

>>20865856
oh wise one can you guide me how to learn this power.

>>16980671
>Thats not how it works.

That's exactly how it works , mining a coin is extremly energy intensive , plus hardware falls to entropy and needs to be replaced , plus new hardware is created and old asics needs to be updated.

The miners are being forced to sell in a way that most people do not understand, mining income tends to be very low , like 90 usd per month per asic if things go well.

This things cost 3000 usd each, the mining industry is extremly competitive and most miners are forced to sell.

Hell even the meme miners in 2010 were forced to sell

>>/g/thread/S13527775#p13527921

>>14396047
http://www.unicusmagazine.com/PDF/John-Baines--The-Stellar-Man-Hermetic-Philosophy-book-2.pdf

>>14154776
https://old.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/