large miners wont just give up... it will be the small hobbyists that turn off first.
large miners want bitcoin and use FIAT to buy rigs and pay electric and then hoard coins. yet its the small hobbyists that care about the bitcoin price because they have to sell coins to recoup losses. to be honest i enjoy seeing these stupid hobbyists turn their rigs off.. after all they are not investing in bitcoin. they are selling coins to invest their freshly received fiat into electric companies.
mining is not suppose to be quick mining to fuel a FIAT lifestyle. it suppose to be a way for people that want bitcoin to accumulate bitcoin. and those that want to accumulate bitcoin do not care about the price, as they know and are planning on the long term. and not caring about the daily/weekly costs
large miners want bitcoin and use FIAT to buy rigs and pay electric and then hoard coins. yet its the small hobbyists that care about the bitcoin price because they have to sell coins to recoup losses. to be honest i enjoy seeing these stupid hobbyists turn their rigs off.. after all they are not investing in bitcoin. they are selling coins to invest their freshly received fiat into electric companies.
mining is not suppose to be quick mining to fuel a FIAT lifestyle. it suppose to be a way for people that want bitcoin to accumulate bitcoin. and those that want to accumulate bitcoin do not care about the price, as they know and are planning on the long term. and not caring about the daily/weekly costs
Hobbyists should turn off their miners and pay hosting facilities to mine for them. Less electricity would be used, along with forcing the mega farms to shut down. Besides, one who pays for hosting makes a lot more bitcoins than if they were actually mining, ergo everybody wins.
On a side note, I can't wait to don my retard Vulcan outfit (not Vulcan retard outfit) to the next Star Trek convention.
