Quote from: philipma1957 on Today at 01:41:17 AM

Quote from: Derivatives888 on August 03, 2023, 10:39:45 PM

The Bitcoin price !
They are all speaking about electricity costs and prices of hardware but never about the bitcoin price wich is the most important aspect.
With derivatives like options and futures you can make the bitcoin price stable or do your risk management and make a construction at your bitcoin price break even point.
Last year when the price was less then 20k most of the miningfarms went bankruptcy, they did nothing at all to cover the bitcoin price.
Even small export companies are hedging their valuta risks. How strange is it that big miningsfarms dont do anything about hedging bitcoin prices !!

bitcoin price comes in and out like the tide.

but if you have 3 cent power for the next 5 years in a contract you will make money.

So and where are 5 years contract for the same electricity costs ?? wowww a contract for the year 2028 for 3 cent electricity Grin

Max is one year. As i told you with derivatives you can make stable bitcoin prices. You can hedge them etc.