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/biz/ - Business & Finance

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58073242 No.58073242 [Reply] [Original]

Why are Bitcoin miners all Underperforming Bitcoin?

>> No.58073257

>>58073242
i really would like to know this

>> No.58073262

Nigger monkey sexoooooo

>> No.58073265

because mining is not profitable? only subsidized miners can even compete. which naturally means debt.

>> No.58073339

>>58073242
Because they're about to immediately become less profitable after the halving, and the only way for some to get better profitability is for others to go put of business. Most are barely profitable 6.25 block reward with current prices, so after the halving the price will have to double for them to barely break even, without miners capitulating.

>> No.58073371

>>58073242
Really impressive tuck job there

>> No.58073540

>>58073339
we're headed for doomsday with the hashrate this high and every miner being completely unprofitable

>> No.58073559 [DELETED] 

>>58073242
2k market cap on SOL

DAWFVC7nbZLe8zubxfUtDsu56tdb75tet5K59EET42he

>> No.58073675

>>58073540
>he says for the 4th time in a row
This is literally the programmed econ of btc
Either price goes up, or miners shut down
It always finds its equilibrium

>> No.58073693

>>58073675
all unsustainable systems eventually break. the math is quite simple. did you not see what happened after the last ath and all the overleveraged miners got washed the fuck out?

>> No.58074786
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58074786

>>58073242
next halvening they are gonna be even less profitable... that's why is best to just invest in alt projects like satoshisync, they gonna let users make their own brc20s tokens, and that's nuts. food pepes coming in

>> No.58074828

>>58073675
or exactly both, more reasons to hodl until 120k

>> No.58074831

>>58074786
btcfi food pepes? just another way to literally make it without doing shit LMFAOOO

>> No.58074839

>>58073540
that's the point, if miners could mine forever then the coin will lose vale, it's actually a good thing.

>> No.58074849

>>58073675
miners are not the problem at all having a couple satoshis aint ruining it all. What is gonna ruin btc completely is the absolute fud it's gonna get at 12k

>> No.58074865
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58074865

>>58074849
I'll just buy even more by then, btc wont die.

>> No.58074882
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58074882

>>58073242
why is biz filled with trans niggers?

>> No.58074887
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58074887

>>58073540
miners are niggers
>>58073693
unironically this
>>58074828
not happening stop hoping
>>58074831
no more please
>>58074849
you surely watched your mom getting railed to have a take like that

>> No.58074896
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58074896

>>58074887
I record my mom onlyfans videos.... so yeah....

>> No.58074904

>>58073371
with small dicks everything is possible

>> No.58074907

>>58074896
sick if true
the literal embodiment of doing crapto with mommy's card kek

>> No.58074909

>>58073242
mining is ded, get over it

>> No.58074913

>>58073262
disgusting, check yourself anon