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/biz/ - Business & Finance

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File: 42 KB, 1238x620, btc hashrate.jpg [View same] [iqdb] [saucenao] [google]
51533152 No.51533152 [Reply] [Original]

meanwhile... profitability is at literal all time lows

How does this make sense?

>> No.51533168

>>51533152
Subsidies in one form or another

>> No.51533175

>>51533152
51% attack

>> No.51533192

>>51533152
Here's a tip from a pro. Bull markets tend to start around 400 before the halving.

https://buybitcoinworldwide.com/halving/

>> No.51533200

>>51533152
This form of heating is cheaper than gas. The hashrate will 10x by december.

>> No.51533480

>>51533192
how consistent is that 400 day number?

>> No.51533523
File: 8 KB, 258x196, biz.jpg [View same] [iqdb] [saucenao] [google]
51533523

>>51533480
There are 3 data points to work with

>> No.51533756

>>51533152
people are betting that one BTC will have more value in the futur

>> No.51533806
File: 111 KB, 399x297, 1624565625037.png [View same] [iqdb] [saucenao] [google]
51533806

>>51533200
running an asic miner consumes like 2kW and a fuckload of noise, not exactly ideal for heating your living room.
>>51533756
for sure or they wouldn't be mining now, what if it doesnt happen tho

>> No.51533863

>>51533806
like anyone when your investment "bet" is wrong: they lose the money they invested