Post
Topic
Board Economics
Re: US BTC mining farm buys 17,600 miners
by
traderethereum
on 29/06/2020, 11:24:30 UTC
I can not imagine how much money to be used to buy that miner.
They want to be the next giant company that mining bitcoin with large equipment.
It will become a never-ending story from the war of mining bitcoin, and the other big company will do the same thing while bitcoin price does not yet increase so high.
They think that it is the opportunity to mine bitcoin with big miners which not many big companies can do.
They need to think about the electricity cost that will be too high, and I am sure that they will use renewable electricity.