LogFAQs > #950762242

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Topic	Stock Topic 22
Colegreen_c12 02/17/21 7:34:30 PM #2:	red sox 777 posted... Leverage. Mining has costs, so if, just as an example, BTC needs to be at 20k for them to break even, then BTC moving from 30k to 50k would triple their profits, while BTC would only advance 67%. From the previous topic just to comment on this. While this is largely true (decreases and increases hit them harder than the actual coin) also remember that as the coins value goes up mining competition will (eventually) increase lowering their profit. And if it goes down the competition will (theoretically) decrease. Not to mention the halvening that happens every 4 years where each successful "mine" becomes worth half as much bitcoin. This happened recently for bitcoin though so wont be an issue for a few years --- DPOblivion beat us all. <cite>Colegreen_c12 posted [p:950762242] in Stock Topi... [t:79301581]...</cite> <quote><cite>red sox 777 posted... </cite> <quote>Leverage. Mining has costs, so if, just as an example, BTC needs to be at 20k for them to break even, then BTC moving from 30k to 50k would triple their profits, while BTC would only advance 67%.</quote> From the previous topic just to comment on this. While this is largely true (decreases and increases hit them harder than the actual coin) also remember that as the coins value goes up mining competition will (eventually) increase lowering their profit. And if it goes down the competition will (theoretically) decrease. Not to mention the halvening that happens every 4 years where each successful "mine" becomes worth half as much bitcoin. This happened recently for bitcoin though so wont be an issue for a few years --- DPOblivion beat us all.</quote> ... Copied to Clipboard!
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