Hey guys, I've been out of the mining game for a while. Really, for a while.
I just checked bitmain and the antminers are at $300-$700, wtf? I'm still wondering if I was stoned but last time I remember those were >$1000? WTF happened?
asic builders flooded the market with gear driving prices down
but look at it like this
btc 20000 a coin antminer s9 0.1 btc = 2000 or 1 btc
btc 6000 a coin antminer s9 0.1 btc = 600 or 1 btc
in both case bitmain gets 0.1 btc sooo sooner or later they will attempt a pump
to go back to 20000
if I were you I would buy coins not gear.
Love the advice. Im trying to get my hands on as much as btc as possible , hoping to ride a big wave of institutional or bitmain money.