Post
Topic
Board Mining speculation
Re: 2022 Diff thread.
by
robertpaulsen
on 24/06/2022, 12:38:05 UTC
Do we have an estimate of how much hashrate is sold by "cloud mining" contracts?
Providers shouldn't care about profitability, because the costs of electricity are already paid for, and even if they do for no amount of profitability decrease, or electricity cost increase will they be allowed to turn them off, because of the contract. So, I guess almost every contract made in the last ~2 years, keeps miners running at an unprofitable rates, though mostly to the detriment of the users, not providers.
Could this be a factor in the next few months?