Post
Topic
Board Bitcoin Discussion
Re: Binance Provides $500M Loan for Bitcoin Miners
by
spectre71
on 16/10/2022, 15:44:50 UTC

Don't be fooled in to thinking this is Binance doing something good for the network. It isn't. This is Binance doing whatever they can to make more profit for themselves, at the expense of anyone and anything else. Just as they have always done.


First thing I thought, this ain't no favor. 18 to 24 month loan? You would be hard pressed to buy and house a miner to break even at that. The timing is for miners to default at or near the halving and take their assest, now that it has become profitable. Like shark title loan.