To Unplug or Double Down? Crypto Mining in Crypto Winter

Crypto Mining Stocks Have Huge Upside, Says DA Davidson as It Slashes Hashrate Forecasts

Now the math has changed. “When bitcoin dipped below $36,000, I actually unplugged my bitcoin miners,” says one of the leaders of the home mining resurgence, a man who goes by the pseudonym @econoalchemist. His cost of electricity was relatively high, and after the price drop, he was mining at a loss. Because he had no fiat as a cushion (he’s a purist), this hardcore miner had to stop mining.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.