Hi!
OgNasty, how do you see the recent developments around to huge amount of Chinese hashpower quitting and selling their gear?
Do you see this as a buying opportunity for Nastyfans to get some mining equipment?
Cheers!
There’s a huge amount of gear going offline and coming online again. Most of the operations are relocating or selling massive amounts of gear to large entities, so I think the opportunity will be limited to miners getting a couple weeks of low difficult rewards.
With BTC prices having dropped nearly 50% so quickly, I’d personally rather be a seller than a buyer of anything priced in USD right now.