How Big Miners Tackle Rising Hash Rates

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ledger420Member
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#1Jan 21, 2018, 02:29 PM
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,
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omega2017Full Member
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#2Jan 21, 2018, 03:37 PM
Strategy is you make it like modules you can turn on and of without destroying the whole.
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darkguruHero Member
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#3Jan 21, 2018, 07:23 PM
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...
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ledger420Member
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#4Jan 22, 2018, 01:21 AM
So is a never ending operation?
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darkguruHero Member
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#5Jan 23, 2018, 12:18 AM
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....
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ledger420Member
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#6Jan 23, 2018, 04:46 AM
what is the upcoming 1/2ing?
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darkguruHero Member
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#7Jan 23, 2018, 09:33 AM
Um you should probably checkout the Beginners & Help area... One excellent post from there is this one with a ton of useful links.
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ledger420Member
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#8Jan 24, 2018, 01:35 PM
You mean Bitcoin Halving!!! why did not say in full  hahahah
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