You are viewing a single comment's thread from:
RE: Cryptocurrency mining can still be profitable: A case of SEC compliant STO
Wow..... I'm impressed by your comment @doifeellucky. Really I just leant this now from ur comment. Thanks again for your insight, I'm glad you commented with ur ideas. 👍👍👍
Posted using Partiko Android
Thank you!
It's an interesting field in the crypto arena to me since I myself ran a mining operation (at some scale for me at least ;-)) for a few years. It's a tough business and especially the bars for mining Bitcoin at scale and at a profit are scary high IMO.
This not only applies for the times we're in right now where breaking even in these operations already is not easy with the markets prices we see now.
I see another one of the greater risks in nation states becoming involved in Bitcoin mining at next level if prices will surge again and IMHO they will surge absurdly.
If only a fraction of the estimations in possible rising Bitcoin prices for the next decade will become a reality it might be game over for many mining operations world wide because the nation states could step in big time at level's we can't even grasp at the moment.
Just play around with some numbers and take a few per mille points of tax revenue of any given nation state and see what they could do with this in mining Bitcoin. It might even come to a level of economic "weaponization" of Bitcoin.
Sounds nuts right? ... and maybe, hopefully it is.Hahaha!
Cheers!
I think you have a point here, I think with rate at which the mining market is going
— together with the green light bitcoin is showing of a potential hike in price, states could be tempted to take on the market. And like you said, it will pose a big risk to the companies trying to mount farms.
Posted using Partiko Android