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/biz/ - Business & Finance

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19137780 No.19137780 [Reply] [Original]

The mining hashrate is crashing right now. The halving has been proven to be a disaster for bitcoin.

>> No.19137797

Source?

>> No.19137806

>>19137780
does not matter, difficulty will adjust miners will come back sage

>> No.19137860
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19137860

Imagine thinking miners aren't profitable when all the big boys been using solar power this whole time.

Stay poor fag

>> No.19137863

>>19137806
Only if the price doesn't drop. Probably the reason why btc gets hyped so much right now.... Big guys know the danger.

>> No.19137938

>>19137860
They haven’t, but nice try. The only cost saving thing some have done is build in Iceland to save on AC

>> No.19137950

>>19137860
This, gonna scoop up ASIC miners on discount.

>> No.19137952

>>19137780
Buy miner capitulation dummy

>> No.19137962

Fewer miners = less selling to cover their costs = number go up. Bullish.

>> No.19138108

>>19137938
Speak for yourself. The only expense we have here is water & internet bills. Fucking literally LOL, "mIneRs r nOt prOfiTaBle" what the fuck does that even mean? Anyone can fucking mine. Energy is FREE if you do it the GREEN way

>> No.19138141

This thread is very bullish

>> No.19138166

>>19137962
Fewer miners = Further centralized in China.
Soon Xi will have 90% of the hash rate

>> No.19138189

Fewer miners means hashrate goes down which means easier mining which means more miners again. This is simple economics.

>> No.19138248

>>19138189
This. 10 years later and people still don’t get the basics of Bitcoin.

>> No.19138305
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19138305

>>19138189
>means more miners again
pushing hashrates back into the unprofitable zone

>> No.19138320

>>19138189
>>19138248
The economics are compromised when a sole authoritarian country dominates the mining by a large margin. Bitcoin is literally a remittance to the Chinese economy.

>> No.19139074

>>19138189
Mining will never be profitable again.

>> No.19139107

>>19137780
OOOOOOOOHHHH

I AM COOMING

>> No.19139128
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19139128

>>19137860
>>19137863
>big boys
>Big guys

>> No.19139147

>>19138108
>"mIneRs r nOt prOfiTaBle" what the fuck does that even mean?
I see that you've never seen a break even formula or how it applies to business.

>> No.19139203

>>19138305
your picrel is how you look when trying, and failing, to understand simple math

>> No.19139289

>>19139203
Simple math is that mining will never be profitable again unless bulls get their shit together and pump the price which they can't seem to do.