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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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3546935 No.3546935 [Reply] [Original]

>Mfw network hashrate/price just recently passes below price.
>Mfw we're about to moon 1000x to 4 million.
>Mfw there are people who don't own any bitcoin right now

>> No.3546953
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3546953

>>3546935
>Mfw

>> No.3546964

>>3546935
whats that mean

>> No.3546981

doesnt that mean nobody wants to mine it anymore?

>> No.3546990
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3546990

>>3546964

>> No.3547028

>>3546981
It means that the price will have to increase because it always does the opposite of what /biz/ says

>> No.3547215

>>3546981
No it means that more people will invest in mining equipment because it's profitable

>> No.3547271

>>3547215
/thread

the hype will end soon, if its profitable more people will jump in

>> No.3547557
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3547557

>>3546935

Mfw Bitcoin goes under 3900.

>> No.3547595

I never understood the meme about "profitable" mining.
Any amount of bitcoin gained through mining will pay itself a thousand time in ten years. Who cares about a little electricity bill, who can be paid in like one trade at 0.5% profit.

>> No.3547635

>>3547595
most bitcoin farms electricity is around 300k a mouth. your stupid thats why most bitcoin that are mined hit the market

>> No.3547680

>>3547557
This weekend is going to be very interesting.

>> No.3547721

>>3547595
Unless you are a mega-corporation or nation-state you are not going to be able to eat the electricity costs without selling BTC. There's also the risk of BTC becoming worthless and you will never get your ROI back.

>> No.3547748

>>3547721
>the risk of BTC becoming worthless
The sun also risk quantum tunneling out of the Sol system, but it's not like i'm going to live my life like it'll happen.