What really drives miners is the Bitcoin price and hashprice. If you expect Bitcoin to surpass $200,000 and not much more mining comes online, your hashprice expands, and you should see stocks rising. But the big “but” is: what if the Bitcoin market doesn’t develop that way? What if the price stalls, as it has over the past month, while difficulty continues to increase?
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40 sats \ 0 replies \ @TheMorningStar 13 Feb
Miners Hodl till the prices increase. I don't think they could survive without price support.
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10 sats \ 0 replies \ @kepford 12 Feb
Bitcoin mining is an incredibly tough business. Brutal. It should be.
It may be... but its losing a ton of money with no end in sight. I think there will be an end and it will be profitable but I don't see it happening yet.
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