Post
Topic
Board Economics
Re: US BTC mining farm buys 17,600 miners
by
The Pharmacist
on 29/06/2020, 18:06:50 UTC
I'm not sure how I feel about mining being this political, though I suppose it's always been that way.  Seems like everything these days is political, especially when it comes to China and the US.

That project got canceled in January.
Ah, that was the first thing that came to mind when I read this and I wasn't aware that they'd scrapped the project.  I'll have to take a look at that article to see why. 

They are sure that these miners will pay off?
I'm sure they've done some math beforehand and are as sure as they can be.  I bet that taxes are a big disincentive for creating mining farms in the US, though I couldn't say for sure.  Anyway, it'll be interesting to see what comes of this.