#bitcoinminers #corz #cryptominers #cryptomining #bitcoinmining
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00:00 Introduction
01:09 Miners
01:57 Core Scientific Hits the Wall
02:34 IA July 2022 Miner Update
03:11 Core Scientific & Bitfarms – Knife’s Edge
04:29 Bitcoin Sold Per Miner in Q3
06:00 Triple Whammy
06:26 Miner Production Cost $19.3K
07:11 Power Cost Swelling – Cost of 1BTC Closes Mkts
08:16 Conclusion
08:20 Miner Darwinism: Bitcoin Price and Hashrate
17 Comments
High Energy Costs is self inflicted/caused by all the Climate Change ,Woke, ESG Bullcrap.
Thanks James
And yes sleep more the body repairs it’s self😅
Great informative video, James. Thanks!
is it worth it to allocate a small amount into core in the hopes it rises again? not seeking financial advice, just curious of your opinion of course.
Core Scientific down 78% in one day. FUUUUGGGGGGGG
Is CryptoWatt Mining, in Montana, still in operation?
Thanks as always James! Legit question however; does costs of revenue also not factor in things such as expansion and asset purchases? If so I imagine that muddys the waters a bit. Would maybe looking at cost to mine a coin be a more effective metric to compare survivability? No criticism, just trying to sort this out in my own brain here.
big Luna type forced selling incoming
Thanks James and team.
Bulls make money. Bears make money. Pigs get slaughtered, and these miners are definitely pigs.
Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.
thanks James
Thank you very much James!!
I picked RIOT specifically because of no debt. Experience from gold mines teaches us all you need to know about btc mines
My family owned 3 gold mines. Discovered 2 million ounces. I only would invest in RIOT. Period James ask me if you want better insight on how mining-finance works and what comes next. Or listen to Rick Rule who does Uranium investment/trading and at the junior level, too.
I suspect BTC mining will be the same playbook
Crypto is bringing a different revolution in the world economy. People who are optimistic investors earn constantly… Others will just sit and watch.