Hi all -
I have been wondering if the recent market correction will impact miner pricing in any way? What are your thoughts?
Why should a "correction" like that impact the price when:
- BTC went x20 times in value since the begging of the year (and is still 14x right now)
- Difficulty went up only 5 times.
Even at 10x , it's still 2x more profitable to mine that in January so...
The price will go up.
Oh wait... Bitmain already did it.