Hey everyone,
So, Bitcoin's hash rate just keeps going up, and I'm really interested in how the big miners keep making money. What kind of strategies or methods are they using to deal with all this extra competition and still come out on top? Would love to hear any thoughts or examples you might have.
Thanks a ton!
Cheers,
How Big Miners Tackle Rising Hash Rates
7 replies 291 views
Strategy is you make it like modules you can turn on and of without destroying the whole.
Simple - 1st find areas that can provide massive amounts of cheap power and make long-term contracts with the power companies. Then use investors money to constantly upgrade equipment and expand their operations. Of course it is a vicious cycle as their ever increasing hash rate just makes diff go higher...
So is a never ending operation?
Yep. Pretty much.
The upcoming 1/2ing will probably shake out many marginal-profit operations but I also expect that much of their newer hardware will be resold to the survivors....
what is the upcoming 1/2ing?
Um you should probably checkout the Beginners & Help area...
One excellent post from there is this one with a ton of useful links.
You mean Bitcoin Halving!!!
why did not say in full hahahah
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